What is the minimum pay per hour that workers are entitled to by law?

Prepare for the Edexcel AS/A‑Level Business Theme 3 Exam. Engage with multiple choice questions and detailed explanations. Enhance your understanding and get exam ready with our comprehensive resources!

The National Minimum Wage is the correct answer because it represents the legal minimum amount that employers must pay their workers per hour in the UK. This wage is set by the government and varies depending on factors such as the worker's age and whether they are an apprentice. The primary purpose of the National Minimum Wage is to ensure that workers receive fair compensation for their labor, thus providing a basic standard of living.

The Living Wage, while related to the concepts of fair pay, is not a legally mandated wage; it is a recommended rate that aims to provide a wage sufficient to cover the basic costs of living. The Fair Wage and Standard Rate terms are not associated with any legal minimum pay requirements and may refer to varying standards or rates across different industries or sectors, but they do not have the same legal standing as the National Minimum Wage.

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