What is the minimum wage in the 1400s?

Answer 1

The concept of a minimum wage did not appear until modern times.During the period of the 1400s, some people in Europe were still serfs, who worked without pay in exchange for a place to live and a field to grow food in. Depending on what part of Europe, there were still slaves at that time, who worked because they were not free.

The lowest pay in 1400, for paid employment, was probably one penny per day. The penny of the time was not the same as today's however, and was a silver coin of small to medium size. A person who worked for such a low wage was probably also given food and a bed to sleep in.