(alsopay restraint)theactofreducingtherateofincreasein theamountthatworkersearn, or something that is done toachievethisreduction:Economistspredictwagerestraintwillkeepinflationlowfor sometime.(Definition ofwage restraintfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofwage restraint
wage restraintIt anticipated some form of understanding between government and unions aboutwagerestraint.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.However he decided to extend hiswagerestraintpolicy for another year hoping that the economy would be in a better shape for a 1979 election.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In exchange forwagerestraintand an increase in the social wage the trade union movement agreed to support economic reform and oppose industrial conflict (i.e. strikes).FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Concomitant with the union repression andwagerestraint, economic policy has gone through two phases: first, liberal, which sought to break with previous forms of intervention in the economy.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Conversely, accommodating monetary regimes are compatible with realwagerestraintand full employment in centralized bargaining systems, while they encourage wage-price militancy in decentralized ones.From theCambridge English CorpusEgalitarianwagerestraintmeans passing up opportunities to raise wages in highly profitable firms and sectors.From theCambridge English CorpusIn the area of labor relations, decentralization of collective bargaining andwagerestraintreduced the power of the unions.From theCambridge English CorpusIt stood for the needs of workers caught up in the requirements of incomes policy andwagerestraint.From theCambridge English CorpusThe policy of wage compression, called solidaristic wage policy, includedwagerestraint.From theCambridge English CorpusThe problem of achieving realwagerestraintin (intermediately) centralized systems can therefore be reduced to a problem of providing disincentives for nominal wage militancy.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/wage-restraint##
