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:
“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.
“I hear ... foreigners, who would boycott an employer if he hired a colored workman, complain of wrong and oppression, of low wages and long hours, clamoring for eight-hour systems ... ah, come with me, I feel like saying, I can show you workingmen’s wrong and workingmen’s toil which, could it speak, would send up a wail that might be heard from the Potomac to the Rio Grande; and should it unite and act, would shake this country from Carolina to California.”
—Anna Julia Cooper (1859–1964)