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An amount of money paid each hour to compensate an employee for the amount of time he/she spends working. Wages are paid for both skilled and unskilled labor. For example, one may pay an employee $8 per hour for working at a fast food restaurant or $45 per hour for highly trained work at a car factory. What distinguishes wages from salaries is the fact that wages are only paid for the hours worked; an employee is paid more if he works for more hours. Salaries, on the other hand, are the same whether one works five hours or 50. See also: Overtime, Minimum Wage.


the money payment made to a worker, usually on a weekly basis, for the use of his or her labour. A worker's basic wage will depend on the hourly WAGE RATE and the number of hours worked. The latter is usually related to the number of hours specified as constituting the ‘basic'working week, but in some cases workers may be given a GUARANTEED BASIC WAGE to protect them against loss of earnings due to short-time working, and in other cases workers may be able to add to their basic wage by OVERTIME earnings. In addition to PAYMENT BY TIME, workers may be paid in proportion to their output under a PAYMENT BY RESULTS scheme. See PAY, MEASURED DAY WORK.


the PAY made to an employee for the use of his or her LABOUR as a FACTOR OF PRODUCTION. Wages are usually paid on a weekly basis, and they depend on the hourly WAGE RATE and the number of hours that constitute the basic working week. In addition, employees can add to their basic wage by working OVERTIME.

As an alternative to workers being paid on the basis of hours worked (a ‘payment by time’ system), employees may be paid in proportion to their output (a ‘payment by results’ system).

In aggregate terms, wages are a source of income and are included as a part of NATIONAL INCOME. See SALARY, NATIONAL INCOME ACCOUNTS.

References in periodicals archive ?
The Codification of the Labour Laws will remove the multiplicity of definitions and authorities leading to ease of compliance without compromising wage security and social security to the workers.
According to Tanjusay, the purchasing power of the P491 daily minimum wage in Metro Manila has been eroded to P357, an erosion of 27 percent as of May 2017.
In New York, the current minimum wage is $11, and it's on track to rise to $15 for New York City in 2019; $15 for Long Island and Westchester in 2021; and $12.
Our second question asks: Do the dispersion and the skewness of wage and skill distributions within individual firms vary by firm type?
Across Wales up to 25% of all jobs, or 288,000 posts, paid below the living wage.
In the legislative session that wrapped up this year, House Democrats filed five proposals that would have increased the minimum wage to $8.
Our analysis shows that for the United States as a whole, the average wage rose 1.
But a national labor group has described the P15 a day wage increase as "too meager compared with the amount needed daily by a workers' family to live decently.
For the corporation to be interested in hiring an employee at the minimum wage, she must be effective enough to handle the expenditures of the wage and payroll taxes.
Georgia: Two bills sponsored by House Democrats would raise the minimum wage.
What advocates of a "living wage" are really after is an arbitrarily set wage floor--a legally mandated minimum that employers must pay employees regardless of all relevant facts pertaining to their businesses.
provides for several exemptions and subminimum wage categories for