Definition of social wage in English:
The amenities provided within a society from public funds.
- By raising wages and by providing a social wage (including Social Security), unions and the New Deal would increase consumer demand and help solve the cause of the Depression.
- It will be necessary to ensure that Governments cannot deplete expenditures on the social wage in order to fund such compensating tax arrangements.
- Over the past 20 years the value of the social wage has gone up by nearly 50% in real terms.
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