| 单词 | wage drift |
| 释义 | wage driftWage Driftwage driftthe propensity for employees' actual earnings to rise faster than increases in their WAGE RATE. This tends to occur when there is full employment or when there are labour shortages in particular labour markets, and often results from informal bargaining between workers, their representatives (SHOP STEWARDS) and managers supplementing formal COLLECTIVE BARGAINING. It was considered to be a widespread problem in the UK in the 1960s and contributed to the decision to create a Royal Commission to investigate the state of UK INDUSTRIAL RELATIONS (See DONOVAN COMMISSION). See PRICES AND INCOMES POLICY, PAY, PAYMENT BY RESULTS.wage driftsee EARNINGS DRIFT. |
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