What is the meaning of the word "wage setter"?
Wage setters play a vital role in establishing and maintaining equitable compensation practices within organizations and across industries.
Definitions:
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Any economic condition or variable that serves to set wage rates. NOUN
- The government acts as a wage setter by establishing minimum wage laws.
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Refers to an individual, organization, or entity that determines the wage levels for employees. NOUN
- The federal government is the primary wage setter for national minimum wage standards.