wage restraint - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “wage restraint”

wage restraint

noun [C or U]
 
 
( also pay restraint) ECONOMICS
the act of reducing the rate of increase in the amount that workers earn, or something that is done to achieve this reduction: Economists predict wage restraint will keep inflation low for some time.
(Definition of wage restraint from the Cambridge Business English Dictionary © Cambridge University Press)
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