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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With W
  5. Wage Resistance

Wage Resistance

Definition of 'Wage Resistance'

Difficulty in cutting wages, due to trade unions, and the tendency for expectation that wages should rise in line with the cost of living, and that in general wage cuts are insulting.

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Related Terms

Wage-Price SpiralWage DifferentialWage DriftResistanceResistance LineAdministered PriceClassical UnemploymentCompensating Wage DifferentialInvoluntary UnemploymentModerate KeynesiansWage / WagesWage FreezeWage Rate

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