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wage drift

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Definition of wage drift in English:

noun

[mass noun]
The tendency for the average level of wages actually paid to rise above wage rates through increases in overtime and other factors.
Example sentences
  • She refers to ‘the problem of wage drift’ the idea that workers' pay was too high and contributed to the series of economic crises in the 1970s.
  • Negotiations at the plant level frequently violated caps set in economy-wide bargaining (in the phenomenon known as wage drift).

Definition of wage drift in:

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