Wage refers to the labor remuneration paid to employees by employers or statutory employers in the form of money according to laws, industry regulations or agreements with employees. Salary can be calculated in different forms, such as hourly salary, monthly salary and annual salary.

In China, the following expenses borne or paid by the employer to employees are not wages: (1) social insurance premiums; (2) Labor protection fee; (3) Welfare expenses; (4) One-time compensation fee paid when the labor relationship is terminated; (five) family planning fees; (six) other expenses that do not belong to wages. In political economy, wages are essentially the value or price of labor.

Wage is an important part of production cost. The legal minimum wage is called the minimum wage, and there are also various wage divisions such as pre-tax salary, after-tax salary and incentive salary. In political economy, capital is essentially the value or price of labor.