What is the definition of wages?

Often, wages. money that is paid or received for work or services, as by the hour, day, or weekUsually, wages. Economics. the share of the products of industry received by labor for its work (as distinct from the share going to capital). # Payment for labor or services to a worker, especially remuneration on an hourly, daily, or weekly basis or by the piece. The portion of the national product that represents the aggregate paid for all contributing labor and services as distinguished from the portion retained by management or reinvested in capital goods.