Difference between revisions of "Sliding Wage Scale"
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Latest revision as of 18:20, 11 March 2020
Sliding Wage Scale - (adjective + noun)
Definition
A mechanism whereby pay (wages or salary) follows changes to the cost of living. This means that workers’ purchasing power is maintained through periods of inflation.
Extra
Source: Adapted from EuroFound and Wikipedia
Example of Use: A sliding pay scale was agreed on in the collective agreement. It was triggered when inflation rose above a certain threshold.