[ wˈe͡ɪd͡ʒ hˈa͡ɪk], [ wˈeɪdʒ hˈaɪk], [ w_ˈeɪ_dʒ h_ˈaɪ_k]
How to use "Wage hike" in context?
A wage hike is the hike in the hourly wage a person receives. It is usually an increase in the minimum wage, though there are other types of wage hikes as well. Wage hikes can either be passed in legislation by the government or negotiated between labor unions and employers. They can also be a result of increases in the cost of living, or decreases in the cost of labor.
The purpose of a wage hike is to increase the incomes of workers and to help reduce poverty. It can also increase consumer spending and help the economy grow. Overall, a wage hike helps to improve the quality of life for working families and the overall economy.
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