Wage Control

Wage Control

A government regulation limiting the percentage (or, rarely, the dollar amount) by which a wage or salary can increase in a given year. Wage control generally is practiced only during national emergencies, or when inflation is particularly high. Wage controls were attempted during the 1970s in the United States and the United Kingdom, but were unsuccessful in curbing inflation.
References in periodicals archive ?
And bear in mind that a remedy for inequality is wage control and a global tax on wealth.
According to Article 1 of the convention, the member-states that have signed the convention must take on or save (if exists) the procedure on establishment of the minimum wage in those industry branches and sectors where the wage control is not provided by collective agreement.
TAHA | Arab News StaffThe volume of hidden (underground) economy in the Kingdom is poised to hit SR330 billion in the current year in light of the existence of more than 10 million foreign workers and ineffectiveness of wage control program and anti cover-up business campaign, local media said quoting economic experts.
The clubs will also consider some sort of wage control measure - not a salary cap but a way in which to try to ensure the riches which will arrive next season courtesy of the new PS3bn TV deal will not immediately be swallowed up in player salary increases.
Whelan said: "We all agree there now needs to be wage control - even Manchester United agree.
Alan Switzer, director in the sports business group at Deloitte, said wage control was paramount for good business.
I have implemented a number of new systems across the portfolio for things like stock and wage control, so all internal processes are standardised.
Such supply shocks are proxied by imp (the relative import prices inclusive of oil) and two period dummies indicating President Nixon's price and wage control periods.
By 1943, the government's labour relations and wage control policy had reached a crossroads.
Gartside would like the 36 clubs to review wage control policies.
The macro theories deal with three major categories: social wage theories, wage control theories and justification theories.
Munitions factories and local government agencies also engaged in the practice and, collectively, these acts made a shambles of the official wage control structure.