salaries

     

A salary is a form of perioic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.

Trivia about salaries

  • In 1881 the owner of the Chicago White Stockings said these "must come down" to keep teams from bankruptcy
  • On March 3, 1873, amid pre-inaugural festivity, Congress quietly passed a law increasing these by 50%, retroactive 2 years