Meaning of “wage restraint” in the English Dictionary

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"wage restraint" in Business English

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wage restraintnoun [ C or U ]

uk us 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)