- wages
- A compensation given to a hired person for his or her services. Compensation of employees based on time worked or output of production.Every form of remuneration payable for a given period to an individual for personal services, including salaries, commissions, vacation pay, dismissal wages, bonuses and reasonable value of board, rent, housing, lodging, payments in kind, tips, and any other similar advantage received from the individual's employer or directly with respect to work for him. Ernst v. Industrial Commission, 246 Wis. 205, 16 N.W.2d 867.Term should be broadly defined and includes not only periodic monetary earnings but all compensation for services rendered without regard to manner in which such compensation is computed. Ware v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 24 Cal.App.3d 35, 100 Cal.Rptr. 791, 797.@ real wagesMoney wages divided by a price index. Real wages are different from money or nominal wages because they represent the true purchasing power of the dollars paid to workers.See consumer price index.See also compensation; current wages; front wages; minimum wage; salary; tip.@
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.