Worker Wage Measure

AKA: Work Remuneratino/Compensation.
Context:
- It can range from being a Gross Worker Wage to being a Net Worker Wage.
- It can range from being a Past Wage to being a Current Real Wage to being a Estimated Wage/Future Predicted Wage.
- It can range from being an Inflation-Adjusted Wage Measure to being a Nominal Wage.
- It can range from being an Hourly Wage, Weekly Salary, Biweekly Salary, Monthly Salary, to being an Annual Salary.
- It can range from being a Fair Wage to being an Unfair Wage.
- It can range from being an Above-Living Wage to being a Living Wage to being a Below-Living Wage.
- It can range from being an Free Market Wage to being a Regulated Wage (such as minimum wage).
- It can be resolt by a Wage Payment Transaction.
- It can result in Worker Income (and be a portion of individual income).
- It can be a portion of a Worker Population Wage Cumulative Value (e.g. when calculating year-on-year wage increase rate).
- It can be associated to a Worker Wage Growth Rate Measure, and a Employment Cost Index (ECI).
- ...
Example(s):
- a Median Worker Salary/Median Worker Wage.
- a Minimum Wage.
- a U.S. Worker Wage, Canadian Worker Wage, German Worker Wage, Chinese Worker Wage, ..., San Franciscan Worker Wage.
- …
Counter-Example(s):
- a Capital Gain.
- a Rental Income.
- a Loan Interest Income.
- a Household Income.
- a Worker Wage Deduction.
- a Work Benefit.
See: Average Work Salary, Remuneration, Labor Market, Wage Growth.

References

(Shambaugh & Nunn, 2017) ⇒ Jay Shambaugh, and Ryan Nunn. (2017). “Why Wages Aren’t Growing in America.” In: Harvard Business Review
- QUOTE: ... For wages to grow on a sustained basis, workers’ productivity must rise, meaning they must steadily produce more per hour, often with the help of new technology or capital. Further, workers must receive a consistent share of those productivity gains, rather than seeing their share decline. Finally, for the typical worker to see a raise, it is important that workers’ gains are spread across the income distribution. If wages are rising but the increases are all going to the best-paid workers, the typical worker doesn’t see a gain. ...

(Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/wage Retrieved:2015-6-21.
- A wage is monetary compensation (or remuneration) paid by an employer to an employee in exchange for work done. Payment may be calculated as a fixed amount for each task completed (a task wage or piece rate), or at an hourly or daily rate, or based on an easily measured quantity of work done.
  Wages are an example of expenses that are involved in running a business.
  Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to all forms (or all monetary forms) of employee compensation.

(Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/salary Retrieved:2015-6-21.
- A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.
  From the point of view of running a business, salary can also be viewed as the cost of acquiring and retaining human resources for running operations, and is then termed personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts.^[1]
  Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
  Salary is typically determined by comparing market pay rates for people performing similar work in similar industries in the same region. Salary is also determined by leveling the pay rates and salary ranges established by an individual employer. Salary is also affected by the number of people available to perform the specific job in the employer's employment locale. ^[2]

Upton Sinclair. (1935).
- QUOTE: ... It is difficult to get a man to understand something, when his salary depends on his not understanding it. ...