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Wage Drift

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Wage Drift
The amount by which the wage or salary of a worker or group of workers exceeds a previously negotiated agreement. Wage drift may occur, for example, if an employee is asked to work unexpected overtime or if persons in a region are offered wages higher than the national rate during a labor shortage.
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With the labour market still soft and inflation low, wage drift will also be limited.
Summary by The Swedish Economy
For example, according to Holmlund and Skedinger (1990), wage drift in the Nordic countries accounted for almost 50% of total hourly wage increases for mining and manufacturing workers in the 1970s and 1980s.
The interplay of wage and exchange rate policies in Singapore: a case ... by Wu, Ying; Goh, Kuang Hui; Lee, Boon Keng / Contemporary Economic Policy
Wage drift through 2001 was thus higher than projected.
Evaluation of Norges Bank's projections for 2001 and 2002 by Lohrmann, Heidi / Economic Bulletin
 
 
 
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