Definition of Wages

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Definition of Wages

Wages

The share of the annual product or national dividend which goes as a reward to labor, as distinct from the remuneration received by capital in its various forms. This economic or technical sense of the word wages is broader than the current sense, and includes not only amounts actually paid to laborers, but the remuneration obtained by those who sell the products of their own work, and the wages of superintendence or management, which are earned by skill in directing the work of others.

A compensation given to a hired person for services; price paid for labor; recompense; hire. See Wage, n., 2.

Related Definitions:

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Wages Quotations

There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.
Henry Ford

It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.
Henry Ford

Men who do things without being told draw the most wages.
Rodney Dangerfield

The more the division of labor and the application of machinery extend, the more does competition extend among the workers, the more do their wages shrink together.
Karl Marx

Unquestionably, there is progress. The average American now pays out twice as much in taxes as he formerly got in wages.
H. L. Mencken

In this view, the role of the great majority of Americans is simply to buy the products produced, work happily for their wages, and leave all of the significant economic decisions to the capitalists.
Barney Frank

Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want the jobs currently taken by illegal aliens.
Thomas Sowell

White men have always controlled their wives' wages. Colored men were not able to do so until they themselves became free. Then they owned both their wives and their wages.
Susan B. Anthony

The wages of sin are death, but by the time taxes are taken out, it's just sort of a tired feeling.
Paula Poundstone

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.
Friedrich August von Hayek

Wages Translations

wages in Afrikaans is salaris
wages in Dutch is gage, loon, bezoldiging, salaris
wages in Finnish is palkka
wages in French is salaire
wages in Italian is stipendio
wages in Spanish is salario

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