The term 'hourly wage' refers to the amount of money a person is paid for each hour they work. It is usually calculated by multiplying the number of hours worked by an agreed-upon RATE. The crossword solution for the term 'hourly wage' is 'RATE', which is the amount of money paid per hour. This RATE is typically determined by the employer and employee, and can vary depending on the type of job and the experience of the worker.