wage drift noun [U]

(Economics )

the situation when the average level of wages earned rises faster than the rates of pay that have been agreed at a national level:

Wage drift consists of such things as overtime, bonuses and performance-related pay.

Wage drift leads to higher wage costs for employers and higher inflation.

evidence of wage drift

• public offering
• public-private
• public-private partnership
• public relations
• public sale
• public sector
• public sector borrowing requirement
• public servant
• public service
• public service vehicle
• public spending
• public transport
• public warehouse
• public works
• publish
• publisher
• puff
• pull
• pullback
• pull strategy
• pull system
• pulsing
• pump
• pump price
• pump-priming