Usually means: Entity or authority determining salary levels.
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We found 6 dictionaries that define the word wage setter:

General (6 matching dictionaries)
  1. wage setter: Vocabulary.com
  2. wage setter: Dictionary.com
  3. wage setter: Rhymezone
  4. wage setter: FreeDictionary.org
  5. wage setter: Mnemonic Dictionary
  6. wage setter: TheFreeDictionary.com

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Definitions from WordNet (wage setter)

▸ noun:  any financial condition or variable that serves to set wage rates


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