The reward for labor is a wage. A wage is a payment made by an employer to an employee for the work done. It is usually paid on a regular basis, such as hourly, daily, or weekly. The amount of wage paid is determined by several factors, such as the type of work done, the skill required for the job, the level of experience of the worker, and prevailing market conditions. Wage is the main source of income for workers and is essential for their survival and well-being.