Definition
A "wage hike" is an increase in the amount of money you earn per hour or per year from your job π°. It's like leveling up in a game, but in real life! It means more money in your pocket for the same amount of work. Wage hikes can happen because you're doing a great job, the company is doing well, or because the government has increased the minimum wage. It's different from a bonus, which is a one-time payment. Think of it as a permanent raise.