wage

Vocabulary Word

Definition

'Wage' is the money you're paid for the work you do. It's often calculated per hour or day you work, but could also be based on the tasks or jobs you complete.

Examples in Different Contexts

In the creative industry, wages can vary widely. A gallery curator might state, 'The artist's wage reflects both time spent and the piece's uniqueness.'

Practice Scenarios

Tech

Scenario:

We want to attract the best talent to join our team. We might have to revise our remuneration packages.

Response:

Agreed, to retain our top talent we might have to reevaluate their wages and promotions.

Academics

Scenario:

Research suggests many people are grappling with the economic strain of stagnant incomes. Let's delve deeper into it.

Response:

It's also important to consider how real wages have been impacted by inflation.