pay envelope vs wage

pay envelope and wage both are nouns.

Word	Noun	Adjective	Verb	Adverb
pay envelope	Yes	No	No	No
wage	Yes	No	Yes	No

As nouns, wage is a hypernym of pay envelope; that is, wage is a word with a broader meaning than pay envelope:

pay envelope: wages enclosed in an envelope for distribution to the wage earner
wage: something that remunerates

Other hypernyms of pay envelope include earnings, pay, remuneration, salary.

pay envelope (noun)	wage (noun)
wages enclosed in an envelope for distribution to the wage earner	something that remunerates

pay envelope (verb)	wage (verb)
	carry on (wars, battles, or campaigns)