A wage is a compensation, usually financial, received by workers in exchange for their labor.

Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees. Compensation is a monetary benefit given to employees in return for the services provided by them.

Depending on the structure and traditions of different economies around the world, wage rates are either the product of market forces (supply and demand), as is common in the United States, or wage rates may be influenced by other factors such as tradition, social structure and seniority, as in Japan.

In the United States, wages for most workers are set by market forces, or else by collective bargaining, where a labor union negotiates on the workers' behalf. The Fair Labor Standards Act establishes a minimum wage at the federal level that all states must abide by, among other provisions. Fourteen states and a number of cities have set their own minimum wage rates that are higher than the federal level. For certain federal or state government contacts, employers must pay the so-called prevailing wage as determined according to the Davis-Bacon Act or its state equivalent. Activists have undertaken to promote the idea of a living wage rate which account for living expenses and other basic necessities, setting the living wage rate much higher than current minimum wage laws require.

Xavier Kurt Naidoo (born October 2, 1971) is a German singer-songwriter, record producer and occasional actor. Born and raised in Mannheim, Naidoo worked in several jobs in the gastronomy and the musical industry before relocating to the United States in the early 1990s, where he released his first full-length English language-album Seeing Is Believing under his stage name Kobra in 1994. He currently resides in his native Germany.

After working as a backing vocalist for the Rödelheim Hartreim Projekt and 3P label mates Sabrina Setlur and Illmat!c, Naidoo released his first German language album Nicht von dieser Welt in 1998, for which he won an ECHO Award and an MTV Europe Music Award. Selling more than one million copies in total, it produced six singles, including "Seine Straßen." and "Sie sieht mich nicht," the latter of which served as the theme song for Astérix & Obélix Take on Caesar (1999). After his highly publicized departure from 3P, his third studio album Zwischenspiel – Alles für den Herrn was released in 2002. It spawned the top five hit singles "Wo willst du hin?" and "Abschied nehmen" and led to a collaboration with Wu-Tang Clan member and producer RZA, with whom he released his first number-one single "Ich kenne nichts (das so schön ist wie du)" in 2003.

Savas Yurderi (born 10 February 1975) also known as Kool Savas (or as well King Kool Savas), is a German rapper and hip hop artist. Savas is mostly referred to as "King of Rap" or "King of German Rap".

"Savaş" is the Turkish word for "war".

Born in Aachen, Germany to a German mother and a Turkish father, Savas' family moved back to Turkey when he was one year old. His father, who is from Çorum, Turkey, was arrested because of his political posture against the government in Turkey, and as a result of his father's arrest, his mother was forced to return to Aachen with Savas. By 1987, his father was released and the entire family was reunited and relocated to Berlin. It was in Berlin where Savas first came across Hip Hop music.^{[citation needed]}

Savas lived with his girlfriend, Melbeatz, in Berlin for an extended amount of time. As a result, the majority of Savas' beats were produced by her. Although Savas and his girlfriend are no longer together, they remain close friends.^{[citation needed]}

Although Savas is popularly called a "Berlin rapper," he resides in Heidelberg. He is also a vegetarian.^{[citation needed]}

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. As a leader of the Chicago school of economics, he influenced the research agenda of the economics profession. A survey of economists ranked Friedman as the second most popular economist of the twentieth century behind John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century…possibly of all of it."

Friedman's challenges to what he later called "naive Keynesian" (as opposed to New Keynesian) theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing activist Keynesian government policies. In the late 1960s he described his own approach (along with all of mainstream economics) as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism". He theorized there existed a "natural" rate of unemployment, and argued that governments could increase employment above this rate (e.g., by increasing aggregate demand) only at the risk of causing inflation to accelerate. He argued that the Phillips curve was not stable and predicted what would come to be known as stagflation. Friedman argued that, given the existence of the Federal Reserve, a constant small expansion of the money supply was the only wise policy.