wage rate
Pay per hour
Wage rate is the amount of money paid to a worker per unit of time, typically expressed as an hourly, daily, or weekly figure.
Unlike salary, which implies a fixed annual sum, wage rate emphasizes the transactional relationship between time worked and compensation received.
Economists use the term when discussing labor markets, minimum wage laws, and the factors that influence how much workers earn.
The union negotiated a higher wage rate for night shifts.
- pay stubEarnings and deductions summary
- take-home payEarnings after withholdings
- inflationSustained price level increase
- collective bargainingJoint worker-employer talks
- purchasing powerEconomic spending ability
poverty line · fair pay · equal pay · productivity · supply and demand · labor market · pay scale · overtime pay · time and a half · salary negotiation · tax brackets · payroll taxes · bonuses · job classification · unionization · union dues · unemployment benefits · profit-sharing
- ratesroyalty, per diem, percentage, ratio, bond yield
- wagessalary, pay, paycheck, income, earnings
- clerks wagessalary, base pay, pay scale, pay grade, entry-level pay
wage ratesalary
Fixed periodic employment payment
annual salary · benefits · fringe benefits · deferred compensation · commission
wage rateunemployment
Being without paid work
unemployment rate · joblessness · unpaid labor · volunteer work · wage theft
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