Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “wage drift”

wage drift

noun [U]
 
 
ECONOMICS
a situation in which the average level of pay increases faster than official rates of pay.
(Definition of wage drift from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of wage drift?
Add Cambridge dictionaries to your browser to your website

Word of the Day

hoppy

like hops (= dried fruit used to make beer)

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More