Overview

wage freeze


'wage freeze' can also refer to...

 

More Like This

Show all results sharing these subjects:

  • Economics
  • Business and Management

GO

Show Summary Details

Quick Reference

An attempt by a government to counter inflation by fixing wages at their existing level for a specified period. For various reasons, including the use of overtime and bonuses to defeat the measure, this is no longer considered an effective policy. Wage restraint is a less rigidly applied attempt to control prices by obtaining union agreement to make only modest and essential claims for wage increases.

Subjects: Economics — Business and Management.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.