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In economics a wage is the return to labor. This compensation/return may be in the form of goods produced by the laborer or "in kind" or in money when the laborer is employed in an enterprise with others. But in any case the compensation/return is still called a wage or wages. For instance, a man existing in a world without others will acquire his wages directly from his labor on land that is free. Without consideration for tools and weapons and the like, the food he hunts and gathers are his wages. A self employed person in the lawn care business will realize income in the form of wages for his labor and interest for his investment in the lawn mower and other capital goods.

In finance a wage is the amount of money paid for some specified quantity of labour. When expressed with respect to time (usually per hour), it is typically called the wage rate, and is specified in pre-tax amounts. It is often the main monetary item upon which a worker and an employer focus when negotiating an employment contract.

In the financial sense early forms of wages included salt (from which the word salary is derived). In modern English, the word salary tends to be used when referring to employment in which the employee is not paid by the hour.

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