| 单词 | pay freeze |
| 释义 | pay freeze A total standstill on wage rates imposed as part of a prices and incomes policy. This can only be temporary, as the structure of wage rates at the moment a freeze is imposed is likely to contain anomalies due to the exact timing of the wage-price spiral in the period leading up to the freeze. The structure of wages also needs continual adjustment in the face of changes in techniques and tastes in the economy. |
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