Final answer:
A two-tier wage system is a system in which employees doing the same jobs are paid two different rates depending on their hiring date.
Step-by-step explanation:
The system in which employees doing the same jobs are paid two different rates, depending on their hiring date, is known as a two-tier wage system. This type of system is often used to reward long-term employees with higher wages, while newer employees are paid at a lower rate.
For example, in some manufacturing industries, employees who were hired before a certain date may receive higher wages compared to employees hired after that date.
This system can provide an incentive for new employees to work hard and gain experience with the goal of eventually reaching the higher wage tier.
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