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Wage Control
(redirected from Wage Controls)

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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.
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And while an income policy for the fat cats may be quite appealing to most of us, economic history would suggest that incomes policies and wage controls do not work.
Think small, for a real global recovery! by Gulf Daily News (Manama, Bahrain)
Wage controls were in effect, so health coverage took the place of raises as a recruitment and retention tool.
A SECRET WISH FOR HEALTH REFORM by Catherine Arnst / BusinessWeek
The particularly low support (14%) for wage controls in 2002 could be an outlier or reflect public debate about the replacement of the Employment Contracts Act with legislation less restrictive of unionism in 2001 (Ramia & Wailes 2006).
Radical change or more of the same? Public attitudes towards social ... by Humpage, Louise / Australian Journal of Social Issues
 
 
 
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