raise vs wage hike

raise and wage hike both are nouns.

Word	Noun	Adjective	Verb	Adverb
raise	Yes	No	Yes	No
wage hike	Yes	No	No	No

As nouns, raise and wage hike are synonyms defined as:

Other synonyms of raise include hike, rise, salary increase, wage increase.

raise (noun)	wage hike (noun)
the act of raising something	the amount a salary is increased
increasing the size of a bet (as in poker)
the amount a salary is increased
an upward slope or grade (as in a road)

raise (verb)	wage hike (verb)
cause to become alive again
increase the level of
raise the level or amount of something
raise in rank or condition
invigorate or heighten
put an end to
bring (a surface or a design) into relief and cause to project
multiply (a number) by itself a specified number of times: 8 is 2 raised to the power 3
cause to be heard or known; express or utter
put forward for consideration or discussion
activate or stir up
establish radio communications with
pronounce (vowels) by bringing the tongue closer to the roof of the mouth
cause to assemble or enlist in military
bet more than the previous player
bid (one's partner's suit) at a higher level
summon into action or bring into existence, often as if by magic
construct, build, or erect
cultivate by growing, often involving improvements by means of agricultural techniques
create a disturbance, especially by making a great noise
call forth (emotions, feelings, and responses)
raise from a lower to a higher position
cause to puff up with a leaven
move upwards
collect funds for a specific purpose
look after a child until it is an adult
give a promotion to or assign to a higher position
register formally as a participant or member