Sliding Wage Scale

From WikiLabour
Jump to navigation Jump to search

Sliding Wage Scale - (adjective + noun)


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.


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.