wage hike vs increase

wage hike and increase both are nouns.

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

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

Other hypernyms of wage hike include increment.

wage hike (noun)	increase (noun)
the amount a salary is increased	the act of increasing something
	the amount by which something increases
	a change resulting in an increase
	a process of becoming larger or longer or more numerous or more important
	a quantity that is added

wage hike (verb)	increase (verb)
	become bigger or greater in amount
	make bigger or more