👉 Overwages are a concept in economics that refers to the unequal distribution of income and resources among individuals or groups. In other words, it describes a situation where individuals or groups have access to more money than they need for basic necessities such as food, housing, and healthcare. There are several reasons why people might experience overwages: 1. Income inequality: When there is an uneven distribution of income, one person may be able to accumulate more wealth while another has less. This can lead to
