2, the wage is a type of money, that is, the employee's salary, is fixed in the working relationship of the employee's remuneration, is the employer or legal employer in accordance with the provisions of the law, or industry regulations, or according to the agreement with the employee, in the form of money to the employee's labor to pay the remuneration. It is one of the main forms of remuneration for labor (labor compensation). Wages can be calculated in different forms, such as hourly, monthly and annual wages. In China, the following expenses borne by the employer or paid to the employee are not wages: (1) social insurance premiums; (2) labor protection expenses; (3) welfare expenses; (4) lump-sum compensation paid upon termination of the labor relationship; (5) family planning expenses; and (6) other expenses that are not wages. In political economy, wages are essentially the value or price of labor. Wages are an important part of the cost of production. The statutory minimum amount of wages is called the minimum wage, and there are various divisions of wages such as pre-tax wages, after-tax wages, and incentive wages.