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 ?
The defiant Spurs supremo will refuse to ditch his hard-line approach to wage control.
The figures, for 2015-16, use clubs' annual accounts and include income, profits, wage control, net assets and unsold seats at games, among other factors, in the valuation.
Spurs had the second best wage control in the league, only the sixth highest wage bill and only the tenth highest transfer spend, but finished fourth in the league table.
The government imposed wage control, restricted or manipulated labor supply conditions, and gave the bargaining power over employment to the employers.
The Gross Domestic Product of the United States has kept moving in spite of the government's practice of wage control.
At this time, employers realized that unions supported employee-based health insurance and that there would not be a wage control on it.
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.
Whelan said: "We all agree there now needs to be wage control - even Manchester United agree.