Wages in a capitalist economy usually depend on financial productivity, not necessarily on the intrinsic importance or value of an employee's work. That explains why professional football players ...

When a multiwage employee works overtime, which of their wage rates do you base their overtime rates? Blended overtime pay ...

As an employer, you sometimes need to convert a salary to an hourly rate. This happens when you pay an employee on a salary basis who is not exempt from the provisions of the Fair Labor Standards Act.