'Minimum wagerage' refers to the amount of hostility perpetrated by lowly paid, disgruntled employees, seeking to redress the balance at work. They may use various means, overt or covert, to accomplish their goal.
Tesco employee #1: 'God I hate this crappy job! I work my ass off and for what? The national ruddy minimum wage, that's what!'
Tesco employee #2: 'Look, I know you feel shit. Employees around the country are now carrying out minimum wage rage. Why don't you punch the regional manager's face in? You'll feel much better!'
Tesco employee #1: 'naw...I'll just nick a load of razors out the stock room, and stick 'em on eBay.'
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)