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单词 iron law of wages
释义

iron law of wages


noun Economics.

the doctrine or theory that wages tend toward a level sufficient only to maintain a subsistence standard of living.
Also called brazen law of wages.

Origin of iron law of wages

First recorded in 1895–1900

Words nearby iron law of wages

ironing, ironing board, ironist, ironize, iron-jawed, iron law of wages, iron lung, iron maiden, iron man, ironmaster, iron meteorite
Dictionary.com UnabridgedBased on the Random House Unabridged Dictionary, © Random House, Inc. 2020
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