WAGE COMPRESSION

the propensity for the space in salaries between permanent workers and the newly hired to thin as the rate of development of the senior workers' incomes decreases till it is beneath junior workers

WAGE COMPRESSION: "Trade unions often play a role in causing wage compression between new and experienced workers. "
Cite this page: Nugent, Pam M.S., "WAGE COMPRESSION," in PsychologyDictionary.org, April 29, 2013, https://psychologydictionary.org/wage-compression/ (accessed June 22, 2017).
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