| 单词 | wage freeze |
| 释义 | wage freeze A prohibition 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 rate 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 operates unequally between workers on static wage rates and others on progressive salary scales. |
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