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    • Join Date: May 2006
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    #1

    whats the difference between wage, laborage, earning, income and salary?

    whats the difference between wage, laborage, earning, income and salary?

  1. rewboss's Avatar

    • Join Date: Feb 2006
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    #2

    Re: whats the difference between wage, laborage, earning, income and salary?

    I have never heard of "laborage", and I can't find it in any dictionary.

    "Wages" (often, but not always, used in the plural) is paid to you by the hour -- so your wages might be $15 an hour, for example. Wages used to be paid every week; these days they're usually paid every month, but in American they're often paid every two weeks. You only get paid for the number of hours you actually work.

    A "salary" is not calculated by the hour -- instead you are given a fixed sum of money, usually per month. So you might have a salary of $2500 a month, even if you don't work 40 hours a week.

    Normally, manual workers receive wages and management staff get salaries. If you hear someone referred to as "salaried", that means he has an important and well-paid office job.

    "Earnings" (again, very often plural) is all the money you get from working. "Income" is all the money you receive; that includes your earnings, but also (for example) money from interest payments or shares.

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