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Business Dictionary :
Wage
Wage
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Wage : noun : money paid (usually in cash each week) to a worker for work done
• She is earning a good wage.
• He is getting good wages in the supermarket.
Basic Wage = normal pay without any extra payments
• The basic wage is £110 a week. But you can expect to earn more than that with overtime.
Hourly Wage or Wage per Hour = amount of money paid for an hour's work
Minimum Wage = lowest hourly wage which a company can legally pay its workers
Wage Adjustments = changes made to wages
Wage Claim = asking for an increase in wages
Wages Clerk = office worker who deals with the pay of other workers
Wage Differentials = differences in salary between workers in similar types of jobs
Wage Freeze or Freeze on Wages = period when wages are not allowed to increase
Wage Levels = rates of pay for different types of work
Wage Negotiations = discussions between management and workers about pay
Wage Packet = envelope containing money and pay slip
Wages Policy = government policy on what percentage increases should be paid to workers
Wage-Price Spiral = situation where price rises encourage higher wage demands which in turn make prices rise
Wage Scale = list of wages showing different rates of pay for different jobs in the same company
NOTE : The term wages is more usual when referring to money earned. But the term wage is used before other nouns.
Wage-Earner : noun : person who earns money paid weekly in a job
Wage-Earning : adjective : the wage-earning population = people who have jobs and earn money
QUOTE : European economies are being held back by rigid labour markets and wage structures. (Duns Business Month)
QUOTE : Real wages have been held down dramatically. They have risen at an annual rate of only 1% in the last two years. (Sunday Times)
