Wages
Wages are the return to labor—the return to an individual's involvement (mental or physical) in the creation or realization of goods or services. Wages are realized by an individual supplier of labor even if the supplier is the self. A person gathering mushrooms in a national forest for the purpose of personal consumption is realizing wages in the form of mushrooms. A payer of wages is paying for a service performed by one or more individuals and sees wages as a cost.
Read more about this topic: Returns (economics)
Famous quotes containing the word wages:
“These, in the day when heaven was falling,
The hour when earth’s foundations fled,
Followed their mercenary calling
And took their wages and are dead.”
—A.E. (Alfred Edward)
“There never has been a time in our history when work was so abundant or when wages were as high, whether measured by the currency in which they are paid or by their power to supply the necessaries and comforts of life.”
—Benjamin Harrison (1833–1901)
“For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.”
—Bible: New Testament St. Paul, in Romans, 6:23.