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单词 wage freeze
释义
wage freeze

Economics
  • A ban on changes in wages, imposed as part of a prices and incomes policy. As a temporary measure a wage freeze may help to cut inflation. It is very unlikely to be a practical long-term policy: the pattern of wage rates in force at the time the policy starts is unlikely to equilibrate labour markets even at the time, and will become steadily less suitable. A wage freeze is difficult to enforce, as job descriptions can be changed, and it operates unequally between workers on static wage rates and others on progressive salary scales.


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