wagetaker

W4A1G2E1T1A1K5E1R1

noun

A firm that has no choice over its wages and must accept those of the general market.

Scrabble 17
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Meanings

nounwagetaker (plural wagetakers)

plural wagetakers

  1. A firm that has no choice over its wages and must accept those of the general market.

    Here I assume that the producer is a wagetaker, even though I have supposed that the supplier of each differentiated good uses a different type of labor with its own market.

    2003, Michael Woodford, Interest and Prices, →ISBN, page 148

Origin

From wage + taker.

Full word history & related roots →
Cite this entry
APA

wagetaker. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/wagetaker

MLA

“wagetaker.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/wagetaker. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “wagetaker,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/wagetaker.

Source: wagetaker on Wiktionary, CC BY-SA 4.0.