Problem
Pay freeze
Other Names:
Frozen wages Incidence:
In the UK in the second quarter of 1990, wage deals were averaging at 9%, but by the third quarter of 1992 they had decreased to 3.9%. Manufacturing sector awards were running at 2.8%, the lowest since the figures began to be compiled in 1981; 23% of manufacturing firms had imposed pay freezes for more than six months. Only 1% reported pay deals of more than 7.5%, and there were none above 8.5%.
Broader Problems:
Pay system erosionDecline in real wages Related Problems:
Frozen assetsInadequate incentives for increased national productivity Aggravates:
Wage discontent Reduced By:
Structural unemploymentSubject(s):
Fundamental Sciences → HeatIndustry → Refrigeration, heating, ventilation
Social Activity → Employment conditions
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
12.09.2019 – 17:03 CEST