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Problem
Unrestrained wage increases
Other Names:
Inadequate constraints on salary increases
Unrealistic wage claims by unions
Wage hikes
Broader Problems:
Unethical trade union practices
Aggravates:
Wage discontent
Economic inflation
Pay system erosion
High minimum wages
Redundancy of workers
Dependence on arbitration
Imbalance in professional wage scales
Strategies:
Undertaking cost-cutting
References:
Bilson, Beth: Wage Restraint and the Control of Inflation: an international survey
Subject(s):
Social Activity
→
Employment conditions
Societal Problems
→
Inadequacy
Societal Problems
→
Restrictions
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems
Date of last update
04.10.2020 – 22:48 CEST