Wage

Definition and stakes

Geo. T. Fairchild Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life

Wages defined.—Hence it is fair to define wages as a stipulated sum, paid at stipulated times, for stipulated services, measured either by the number of distinct services or by the time of service. A wage-earner must therefore be one who sells his powers, whatever they may be, for the use of another, bringing his own services rather than the products of those services to the best market he can find.
Source: Gutenberg

Portrait of W. H. Mallock W. H. Mallock Labour and the Popular Welfare

CHAPTER IV Of the Products of Circulating Capital, or Wage Capital, as distinguished from the Products of Human Exertion.
◆1 Wage Capital enables men to undertake work which will not support them till a considerable time has elapsed. ◆1 Circulating Capital, or, as it is better to call it, Wage Capital, is practically a store of those things which wages are used to buy—that is to say the common necessaries of subsistence.
Source: Gutenberg

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