plural of tip wage credit

(economics) The wage premium due to having a college/university degree.

(economics) The wage premium due to being in a trades union

(economics) The situation where rising wages lead to an increase in the cost of goods.

(economics) The theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund to the number of persons who have to share in it.

plural of union wage premium

plural of college wage premium

plural of shadow real wage

(economics) A shadow price of labor, i. e. a real wage which is not based on actual market exchanges.

The practice of hiring workers for wages.