A wage is remuneration paid by an employer to an employee. It may be a calculated as a fixed task based amount, or at an hourly rate, or based on an easily measured quantity of work done. It is contrasted with salaried work, which is based on a fixed time period.
Read more about Wage: Determinants of Wage Rates, Wages in The United States
Famous quotes containing the word wage:
“I think it is a wise course for laborers to unite to defend their interests.... I think the employer who declines to deal with organized labor and to recognize it as a proper element in the settlement of wage controversies is behind the times.... Of course, when organized labor permits itself to sympathize with violent methods or undue duress, it is not entitled to our sympathy.”
—William Howard Taft (1857–1930)
“I wage not any feud with Death
For changes wrought on form and face;
No lower life that earth’s embrace
May breed with him can fright my faith.”
—Alfred Tennyson (1809–1892)
“The matter of consulting experienced workers, of keeping all the workers informed of changes in production and wage methods, and how the changes are arrived at, seems to me the most important duty in the whole field of management.”
—Mary Barnett Gilson (1877–?)