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Encyclopedia

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From Wikipedia, the free encyclopedia

A wage is a compensation, usually financial, received by workers in exchange for their labor.

Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees. Compensation is a monetary benefit given to employees in return for the services provided by them.

Contents

Determinants of wage rates

Depending on the structure and traditions of different economies around the world, wage rates are either the product of market forces (Supply and Demand), as is common in the United States, or wage rates may be influenced by other factors such as tradition, social structure and seniority, as in Japan.

Several countries have enacted a statutory minimum wage rate that sets a price floor for certain kinds of labor.

Etymology

Wage derives from words which suggest "making a promise," often in monetary form. Specifically from the Old French word wagier or gagier meaning to pledge or promise, from which the money placed in a bet (wager) also derives. These in turn may derive from the French gage to wager, the Gothic wadi, or the Late Latin wadium, also meaning "a pledge".

Wages in the United States

In the United States, wages for most workers are set by market forces, or else by collective bargaining, where a labor union negotiates on the workers' behalf. Although states and cities can and sometimes do set a minimum wage, the Fair Labor Standards Act requires a minimum wage at the federal level. For certain federal or state government contacts, employers must pay the so-called prevailing wage as determined according to the Davis-Bacon Act or its state equivalent. Activists have undertaken to promote the idea of a living wage rate which would be higher than current minimum wage laws require.

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Source material

Up to date as of January 22, 2010
(Redirected to The Wages article)

From Wikisource

The Wages
by Don Marquis

EARTH loves to gibber o'er her dross,
Her golden souls, to waste;
The cup she fills for her god-men
Is a bitter cup to taste.

Who sees the gyves that bind mankind
And strives to strike them off
Shall gain the hissing hate of fools,
Thorns, and the ingrate's scoff.

Who storms the moss-grown walls of eld
And beats some falsehood down
Shall pass the pallid gates of death
Sans laurel, love or crown;

For him who fain would teach the world
The world holds hate in fee--
For Socrates, the hemlock cup;
For Christ, Gethsemane.


1911 encyclopedia

Up to date as of January 14, 2010
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From LoveToKnow 1911

(There is currently no text in this page)


Wiktionary

Up to date as of January 15, 2010
(Redirected to wages article)

Definition from Wiktionary, a free dictionary

Contents

English

Pronunciation

Noun

wages

  1. Plural form of wage.
  2. (plural) one's total income for a time period

Verb

wages

  1. Third-person singular simple present indicative form of wage.

Anagrams

  • Anagrams of aegsw
  • swage

Bible wiki

Up to date as of January 23, 2010

From BibleWiki


Rate of (mention only in Matt. 20:2); to be punctually paid (Lev. 19:13; Deut. 24:14, 15); judgements threatened against the withholding of (Jer. 22:13; Mal. 3:5; comp. James 5:4); paid in money (Matt. 20:1-14); to Jacob in kind (Gen. 29:15, 20; 30:28; 31:7, 8, 41).

This entry includes text from Easton's Bible Dictionary, 1897.

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Simple English


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