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wage rate

noun
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Definition of wage rate

: the amount of base wage paid to a worker per unit of time (as per hour or day) or per unit of output if on piecework

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“Wage rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/wage%20rate. Accessed 17 Apr. 2021.

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