time wage rate
11wage inflation — ➔ inflation * * * wage inflation UK US noun [U] ECONOMICS ► the general increase in the amount people earn over time: »The national unemployment rate is so low that wage inflation is bound to follow …
12wage restraint — ➔ restraint * * * wage restraint UK US noun [C or U] (also pay restraint) ECONOMICS ► the act of reducing the rate of increase in the amount that workers earn, or something that is done to achieve this reduction: »Economists predict wage… …
13Time-and-a-half — is when a worker (or workers) is paid 1.5 times their usual hourly rate. It is usually paid as an incentive to work on a particular day (e.g. on Sundays) or as government mandated compensation for having workers work on particular days (e.g.… …
14time and a half — time′ and a half′ n. a rate of pay for overtime work equal to one and one half times the regular hourly wage • Etymology: 1885–90 …
15rate — rate1 /rayt/, n., v., rated, rating. n. 1. the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans. 2. a certain quantity or amount of one thing considered in relation to a unit of another… …
16Rate of profit — In economics and finance, the profit rate is the relative profitability of an investment project, of a capitalist enterprise, or of the capitalist economy as a whole. It is similar to the concept of the rate of return on investment. In Marxian… …
17rate — I [[t]reɪt[/t]] n. v. rat•ed, rat•ing 1) the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans[/ex] 2) a certain amount of one thing considered in relation to a unit of another thing: at… …
18time and a half — a rate of pay for overtime work equal to one and one half times the regular hourly wage. [1885 90] * * * …
19Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …
20Minimum wage law — is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation.[1] Until recently, minimum wage… …
