Economics. The tendency (of wages, prices, etc.) to remain static despite changing economic conditions; an instance of this. Cf. wage-rigidity n. at…
| 单词 | θ220711 |
| 释义 | society > trade and finance > fees and taxes > payment for labour or service > wage structures and scales > [noun] > wage policy > no increase (8) rigidity1896 Economics. The tendency (of wages, prices, etc.) to remain static despite changing economic conditions; an instance of this. Cf. wage-rigidity n. at… wage-fixing1928 wage-rigidity1930 wage freeze1942 a temporary fixing of wages at a certain level; cf. pay freeze n. at pay, n. compounds 3 and freeze, n.1 (2b). nil norm1966 (during times of economic hardship) the principle that wage increases are not allowed. zero norm1966 (in a period of pay restraint) the principle that the percentage increase in wages should be zero in all but exceptional circumstances; = nil norm n.… Subcategories:— period of (2) |
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