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

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

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

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

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

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

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.
David Ricardo

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.
David Ricardo

It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce.
David Ricardo

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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