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EARNINGS….Via Ezra, Rick Hertzberg asks a question:

Why is that a manual worker gets paid wages and a middle manager or cop or teacher earns a salary, but a corporate boss condescends to accept “compensation”?

This really isn’t so hard. “Wages” refers to hourly earnings. “Salary” is typically a fixed yearly amount for exempt employees. “Compensation” is used for corporate honchos because you need a word that encompasses the fact that a big part of their earnings are in stock, deferred salary, capital gains, pension payments, and various perks. There’s really nothing very sinister about all this.

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FACT:

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Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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