Does wages mean money?

[jasminsain]

I often hear the word wages used at work. Does it just mean money in general, or is it specifically the pay employees receive for their work?

 

[jainnorton]

Yes. Wages are money paid by an employer to an employee for work performed, typically based on an hourly rate or a fixed amount for a specific period. It is a form of monetary compensation for labor.

 

[Emly]

Yes, wages mean money paid to workers by an employer in exchange for their labor or services, usually on an hourly, daily, or weekly basis.

 

[Jarwish]

Yes, wages refer to money paid by an employer to an employee for work done, typically calculated on an hourly, daily, or weekly basis. It represents compensation for labor, distinct from salaries, which are usually fixed annual amounts, or other forms of income like bonuses or commissions.