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Wage premium

💡 Words with a Similar Meaning to "Wage premium"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
union wage premiumnoun(economics) The wage premium due to being in a trades union
college wage premiumnoun(economics) The wage premium due to having a college/university degree.
wage sharenoun(economics) The part of national income, or the income of a particular economic sector, allocated to wages (labor).
wage driftnoun(economics) The tendency of real-world wages to rise faster than they would if kept in line with wage increases periodically recommended by government.
pay gapnounThe difference in salaries between one group and another.
wage-push inflationnoun(economics) The situation where rising wages lead to an increase in the cost of goods.
wagenoun(often in plural) An amount of money paid to a worker for a specified quantity of work, usually calculated on an hourly basis and expressed in an amount of money per hour.
tax wedgenoun(economics) The difference between the price that includes all taxes and the untaxed price of a good, particularly the difference between the employer's labour cost and the employee's take-home pay.
premiumnoun(insurance) The amount to be paid for an insurance policy.
wage packetnoun(figurative) The salary of an employee
wage stopnoun(economics) A limit on the state benefits an unemployed person can receive, preventing these benefits from exceeding the amount that the person would be expected to earn if employed.
bonusnounSomething extra that is good; an added benefit.
wagesnounone's total income for a time period
wagedomnounThe practice of hiring workers for wages.
living wagenoun(economics) The minimum income necessary for a worker to meet their basic needs.
wage billnounThe total amount of money spent by an organization on wages.
labor sharenoun(economics) Synonym of wage share.
board wagenoun(historical) A monetary allowance given to servants so that they can buy food for themselves.
pay risenoun(UK, Ireland, Australia, rest of Commonwealth, sometimes Canada) An increase in salary or wages.
gross paynounAn amount of pay, wages, salary, or other compensation before deductions, such as for taxes, insurance, and retirement.

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