Words / P / Business

prevailing wage

noun/prɪˈveɪlɪŋ weɪdʒ/

B2CEFR level
55/100Rarity: uncommon
TechnicalRegister

The standard rate of pay for a job in a given area, often mandated on public contracts.

Contractors bidding for the road scheme had to pay the prevailing wage set for the region.

Topic: Human resources in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Human resources