or lower wages


What is a low-wage position?

    Positions where the prevailing wage rate, as set by ESDC, is below the provincial/territorial median wage will be considered low-wage. Those positions where the prevailing wage is at or above the provincial/territorial median wage will be considered high-wage.

What is a wage in economics?

    In this setting, it is easy to define the wage: it is the current payment at time t for an extra unit of labor supplied in the same period. If the world were as simple as the model, “the wage” would be easy to measure.

What is minimum wage?

    minimum wage (n) 1 : LIVING WAGE 2 : the lowest wage paid or permitted to be paid specifically : a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons middle age (n)
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