A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as minimum wage, prevailing wage, and yearly bonuses, and remunerative payments such as prizes and tip payouts. Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company.
Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to all forms (or all monetary forms) of employee compensation.
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments...
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor...
A living wage is defined as the minimum income necessary for a worker to meet their basic needs. This is not the same as a subsistence wage, which refers...
United States, the minimum wage is set by U.S. labor law and a range of state and local laws. The first federal minimum wage was instituted in the National...
This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for...
Wage slavery is a term used to criticize exploitation of labor by business, by keeping wages low or stagnant in order to maximize profits. The situation...
economics, the reservation wage is the lowest wage rate at which a worker would be willing to accept a particular type of job. This wage is a theoretical representation...
This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the...
The average wage is a measure of total income after taxes divided by total number of employees employed. In this article, the average wage is adjusted...
A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn. It is a prescribed limitation which can be...
The tipped wage is base wage paid to an employee in the United States who receives a substantial portion of their compensation from tips. According to...
Wage labour (also wage labor in American English), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship...
prevailing wage for a low-skilled worker exceeds the market-clearing wage, resulting in unemployment for low-skilled workers. Meanwhile, the prevailing wage for...
Wage growth (or real wage growth) is a rise of wage adjusted for inflations, often expressed in percentage. In macroeconomics, wage growth is one of the...
"Slave to the Wage" is a song by English alternative rock band Placebo. It was released as a single from their third studio album, 2000's Black Market...
Wage War is an American metalcore band formed in Ocala, Florida in 2010 under the name Empires. The band consists of lead vocalist Briton Bond, lead guitarist...
Wage theft is the failing to pay wages or provide employee benefits owed to an employee by contract or law. It can be conducted by employers in various...
The National Minimum Wage Act 1998 creates a minimum wage across the United Kingdom. From 1 April 2024, the minimum wage is £11.44 for people aged 21...
In United States government contracting, a prevailing wage is defined as the hourly wage, usual benefits and overtime, paid to the majority of workers...
Wage regulation refers to attempts by a government to regulate wages paid to citizens. Minimum wage regulation attempts to set an hourly, or other periodic...
minimum wage Living wage Maximum wage Minimum Wage Fixing Convention 1970 Minimum wage law Price/wage spiral United States labor law Wage slavery Wage theft...
private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined...
The Progressive Wage Model (PWM), also known as the progressive wage for short, is a wage structure in Singapore, advocated by the National Trades Union...
Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish...
A family wage is a wage that is sufficient to raise a family. This contrasts with a living wage, which is generally taken to mean a wage sufficient for...
agency without the need to first obtain a judgment or other court order. Wage garnishment, the most common type of garnishment, is the process of deducting...
responsibility for enacting and enforcing labour laws, including the minimum wage, rests primarily with the ten Provinces of Canada. The three Territories...
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