Wage Drift

Definition of 'Wage Drift'

The tendency for the average level of wages paid to rise faster than official wage rates. This is due to increases in overtime, or upgrading of job descriptions.

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Wage-Price Spiral Wage Differential Wage Resistance Administered Price Classical Unemployment Compensating Wage Differential Involuntary Unemployment Moderate Keynesians Wage / Wages Wage Freeze Wage Rate

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