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The earth's temperature began to rise with the invention of power-driven machinery in the late eighteenth century.
Wage
The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to a manual or unskilled worker.
Executive Compensation
Refers to the financial payments and non-monetary benefits provided to high-level management in a corporation, which may include salary, bonuses, stock options, and other benefits.
Real Wage
The wage adjusted for inflation, representing the purchasing power of the wage.
Nominal Wage
The wage paid to employees in current dollars, not adjusted for inflation, representing the face value of earned income.
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