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wage-rate policy

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  • wage and salary — ▪ economics Introduction       income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …   Universalium

  • Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …   Wikipedia

  • Monetary policy — Part of a series on Government Public finance File:Governmentbhj,i,gu Vedder Highsmith detail 1.jpeg …   Wikipedia

  • Minimum wage law — is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation.[1] Until recently, minimum wage… …   Wikipedia

  • Golden Rule savings rate — In economics, the Golden Rule savings rate is the rate of savings which maximizes steady state growth consumption in the Solow growth model. It is a term attributedref|PhelpsAttribution to Edmund Phelps who wrote in 1961 that the Golden Rule do… …   Wikipedia

  • incomes policy — a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls. [1955 60] * * * Collective governmental effort to control the incomes of labour and capital, usually by limiting… …   Universalium

  • government economic policy — ▪ finance Introduction       measures by which a government attempts to influence the economy. The national budget generally reflects the economic policy of a government, and it is partly through the budget that the government exercises its three …   Universalium

  • National Minimum Wage Act 1998 — Parliament of the United Kingdom Long title ... Statute book chapter 1998 …   Wikipedia

  • Maximum wage — A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn.[1] This is a related economic concept that is complementary to the minimum wage used currently by some states to enforce minimum… …   Wikipedia

  • Natural rate of unemployment (monetarism) — The natural rate of unemployment (sometimes called the structural unemployment rate) is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s, both recipients of the Nobel prize in economics. In… …   Wikipedia

  • Natural rate of unemployment — The natural rate of unemployment is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s. [Both are recipients of the Nobel prize in economics; Friedman in 1976 and Phelps in 2006. In both cases …   Wikipedia

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