The word risk means been exposed to the possibility of loss, injury or other unpleasant situations. Risk involves uncertainty.
The word wages refers to a fixed regular payment that is given to a worker as a result of the services he rendered. It is often paid on a daily or weekly basis.
The two words can be used together in a sentence as shown below:
Accepting that job was a big risk, I was suspicious of the employer from the very beginning, when I got to know that such a big wage is offered for such a simple job requirement.
Answer: Policing the Crisis" was a landmark contribution to the sociological understanding of crime, and to criminology more specifically. ... The book explains how 'mugging' is a concept created by the media and crime control agencies so as to legitimise the increasingly coercive machinery of the State.