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单词 zero norm
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zero norm
zero norm n. Economics (in a period of pay restraint) the principle that the percentage increase in wages should be zero in all but exceptional circumstances; = nil norm n. at nil n.1, adv., and adj. Compounds.
ΘΚΠ
society > trade and finance > fees and taxes > payment for labour or service > wage structures and scales > [noun] > wage policy > no increase
rigidity1896
wage-fixing1928
wage-rigidity1930
wage freeze1942
nil norm1966
zero norm1966
1966 Economist 17 Dec. 1214/1 There is no bogy-man so dismal to those who run Britain's economy as the dreaded Zero Norm, the spectre who is supposed to rule over pay negotiations in the six-month period of ‘severe restraint’ that replaces the total pay freeze from New Year's Day.
1976 F. Zweig New Acquisitive Society ii. i. 80 A zero norm which equalizes everybody is easier to endure.
2000 M. Rhodes in M. Ferrera & M. Rhodes Recasting European Welfare States 167 After devaluation, attempts to introduce a zero norm..all led to the strikes and wages explosion.
extracted from zeron.adj.
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