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Wage Discrimination
The practice of paying different wages to employees for the same type of work based on race, gender, age, or other irrelevant factors.
Private-Sector Differential
The differences in wages, working conditions, and employment benefits between jobs in the private sector versus those in the public sector.
Globalization
The process of increased interconnectedness and interdependence among countries, mainly through trade, investment, and cultural exchange.
Two-Tiered Wage
A pay scale system that offers a higher wage tier for current employees and a lower wage tier for new hires for the same job.
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