WEEK 8

TOPIC: Wages and income distribution

Objectives

By the end of this lesson, pupils should be able to:

1. Define wages
2. Mention some other income

3. State the reasons why some workers receive higher salaries and wages than others.

INSTRUCTIONAL MATERIALS:

Pupils textbook

CONTENT

Concept of wages and income distribution

A wage is money received by workers at regular Intervals or the end of the month Salaries and wages are the amount of money paid to workers by their employers after the workers have done their job.

The main difference between salaries and wages is that salaries are fixed, they are regular and are usually paid every month. Wages, on the other hand, are paid according to the number of hours, days or weeks that a person works. Every worker should be paid by the employer.