Wage Control

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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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References in periodicals archive ?
The authorities responded by imposing price and wage controls and stiff protectionist policies.
But the effect could also be intended, grounded in the underlying economic and political forces that press for the expansion of wage controls beyond their narrowly intended targets--say, fast-food workers who seldom make tips.
The latter considered governments' attempts to control inflation and unemployment by legislating wage controls as a direct attack on workers' rights.
high skill labor during World War II, but in the US, wages remained compressed after wage controls were removed.
The exclusion for health benefits has origins dating back to the early 1940s, when employers were allowed to bypass wartime wage controls by offering benefits such as health insurance.
He got inflation on a downward cycle but his wage controls and spending cuts alienated many on the Left.
Ministry of Labor spokesman Heng Sour says once the minimum wage debate in the garment sector is resolved, the government may take a look at wage controls in other industries, but it doesn't currently have plans to do so.
Some experts say the employer-sponsored retirement plan emerged because of World War II wage controls, but I think those aforementioned factors-longer life expectancies, smaller and fewer families, and a preference for privacy-explain why saving for retirement has become so important.
These begin in 1929 with the establishment of Blue Cross and its sweetheart deal from Congress, and goes on through price and wage controls, special deals for unions, Medicare, HMOs, the "Prospective Payment System," the "Resource Based Relative Value Scale," Part D of Medicare, and so on.
The services that the welfare state should offers include sustenance, insurance, health services, unemployment, housing, education, days off for injuries and sickness, extra income in special condition and equivalent wages by wage controls. Other services that a welfare state offers include child care, public transportation, social public goods such as libraries and public parks, swimming pools etc.
This means, among other things, that wage controls force people (including the poor) to pay more for the food, clothes, medications, and other goods and services they consume.