wage

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Related to Wage rate: Minimum Wage Rate, Minimum wages

wage

Economics the portion of the national income accruing to labour as earned income, as contrasted with the unearned income accruing to capital in the form of rent, interest, and dividends
References in periodicals archive ?
As the National Living Wage and National Minimum Wage rates rise on 1 April, it is vital that workers understand their rights, and employers their obligations.
Then there are the benefits to those who pay the foundation living wage rate, which include increased productivity, a motivated workforce, increased retention and improved employee relations.
Living wage rates are independently calculated and are based on the real cost of living.
He said the minimum wage rate was much low when the PML-N government came to power in the year 2013.
The latter, in turn, depends positively on the wage rate (w).
Head of Citizenship at Nationwide, Stephen Uden commented "We welcome today's new Living Wage rate announcement which gives people the opportunity to earn enough to provide for themselves and their families.
Supermarkets Lidl and Morrisons have recently committed to increase staff pay to the Living Wage rates while British Gas, National Grid, Centrica, Good Energy and SSE pay the rate.
The PSA compared wage rates of 188 occupations across 50 pre-determined industry groups.
Speaking at the 9th MGNREGA Divas here yesterday, Ramesh said, MGNREGA wage rate has already been linked to Consumer Price Index and the yearly revision follows from it.
Such a dialogue should take place, he said, before laws are discussed regarding the implementation of a minimum wage rate.
Cable noted that the possible squeeze on employers' profits due to the wage rate hike could be tackled with a reduction in the cost of their national insurance contributions.