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Wage Drift
(redirected from Wage Drifts)

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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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Second, the smooth cooperation between union and nonunion workers and the NWC's effective tripartite coordination result in relatively small wage drifts (wage increases beyond those agreed on in the central negotiations), which are in sharp contrast to the large wage drifts in Europe.
The interplay of wage and exchange rate policies in Singapore: a case ... by Wu, Ying; Goh, Kuang Hui; Lee, Boon Keng / Contemporary Economic Policy
 
 
 
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