What wage means?

noun. Often wages. money that is paid or received for work or services, as by the hour, day, or week. Compare living wage, minimum wage. Usually wages.

What is an example of wage?

Wage is money paid to a worker for work performed, or the price you pay for doing something wrong or unwise. If you make $10 per hour at work, this is an example of your wage. If the consequences of a lie is punishment, this is an example of a time when the wages of lies are punishment.

Is wage and salary the same thing?

A wage is the employee remuneration based on the number of hours worked, multiplied by an hourly rate of pay. A salary is the remuneration of an agreed annual amount, paid at agreed intervals (i.e., monthly or fortnightly).

What is your definition of a just a wage?

just wage is defined as that remuneration. which is enough to support the. wage-earner in reasonable and frugal comfort. The Law of Supply and Demand on labor, e.g., the more the supply of labor the less compensation being given to workers.

What is considered a ‘good’ wage?

To put that into perspective, an average individual income in the USA is around $55,000. Since defining what is “good” in terms of “good salary” is very subjective. You may say $55,000 x 2 = $110,000 is a “good salary” in some parts of the USA.

What does wage means?

wage(Noun) An amount of money paid to a worker for a specified quantity of work, usually expressed on an hourly basis. wage(Verb) To wager, bet.

What are the differences between salary and wage?

Following are the major differences between salary and wages: Salary is the fixed amount of compensation which is paid for the performance of an employee. Salary is given to the skilled persons who apply their proficiencies in respective fields and generate the revenues for the firm. In the case of salary, the cost incurred is fixed i.e. Salary once decided, in the beginning, remains fixed throughout.

What is the difference between wage and wages?

As nouns the difference between wage and wages is that wage is an amount of money paid to a worker for a specified quantity of work, usually expressed on an hourly basis while wages is (wage). is that wage is (obsolete) to wager, bet while wages is (wage).