wage stabilization

wage stabilization definition - business

wage stabilization

The object of a government program designed to restrain increases in wage rates as part of an effort to contain inflation. For example, toward this end, a government board may be given authority to approve or reject wage agreements negotiated between employers and employees.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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