Pronunciation: [wˈiːkli wˈe͡ɪd͡ʒ] (IPA) 
The spelling of the phrase "weekly wage" is fairly straightforward. "Weekly" is pronounced /ˈwiːkli/, with the stressed syllable being "week." "Wage" is pronounced /weɪdʒ/, with a long "a" sound and an "j" sound at the end. When combined, "weekly wage" is pronounced /ˈwiːkli weɪdʒ/. This phrase refers to the amount of money earned by an individual over the course of a week, typically through employment.
Weekly wage refers to the amount of money earned by an individual in a specified time period of one week in exchange for their labor or services rendered. It is the regular or agreed-upon compensation received by an employee for the work they have performed during a seven-day period.
Typically, a weekly wage is an employment agreement setting a fixed rate or salary that is paid on a weekly basis. This can be the case for both hourly and salaried workers, depending on the terms of their employment contract. For hourly employees, the weekly wage is determined by multiplying the number of hours worked in a week by the agreed-upon hourly rate, usually including any overtime pay. Salaried employees, on the other hand, receive a fixed weekly amount, regardless of the number of hours worked.
The weekly wage serves as a vital component in determining an individual's financial stability and budgeting capabilities. Many workers rely on their weekly wage to cover living expenses and monthly bills, such as rent, food, transportation, and utilities. Additionally, it is a key factor in calculating various employment-related benefit entitlements, such as taxes, bonuses, and contributions to retirement plans.
Overall, the concept of a weekly wage is a fundamental element of employment agreements and serves as a significant determinant in an individual's financial well-being, outlining their earning potential within a weekly timeframe.
The etymology of the word "weekly wage" can be understood by breaking down the two main components:
1. Weekly: The word "weekly" originated from the Old English word "wicly" which meant "once a week" or "every seven days". It is derived from the Old English noun "wicu", which referred to a period of seven days.
2. Wage: The word "wage" comes from the Old English noun "wagian", meaning "pay, pledge, or security". It can be traced back to the Germanic root "wag-" or "wage-", which had similar meanings.
When combined, "weekly wage" refers to the payment or remuneration received on a regular basis, typically once a week, for work done during that period.
