corporate welfare

(redirected from Industrial welfare)

corporate welfare

Financial aid, such as a subsidy or tax break, provided by a government to corporations or other businesses, especially when viewed as wasteful or unjust: "critics who say that letting big companies raise private stock on public land amounts to corporate welfare" (Frank Clifford).

cor′porate wel′fare

financial assistance, as tax breaks or subsidies, given by the government esp. to large companies.
[1990–95, Amer.]
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References in periodicals archive ?
This was stated by Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javed, while addressing a delegation of Ferozepur Road Industrial Welfare Organisation (FRWO) at the LCCI office on Thursday.
The California Legislature exempted farm workers from earning overtime pay in 1941, until 1976, when the state Industrial Welfare Commission ordered overtime pay for farm workers after 10 hours on the job on any single day and 60 hours in a week, according to the LA Times.
In particular, after the Second World War Finland has made a remarkable transformation from a farm and forest economy to a modern industrial welfare state, to a free market economy.
Shanti Lal Jain, president of the Industrial Welfare Association, GT Road, said the closure would affect businesses across the country.
org), organized in 1926, is a civic improvement corporation whose purpose is to promote and maintain the civic, commercial and industrial welfare of the City of New York and particularly to act on behalf of its membership to address issues affecting operations and real estate values on the Ave.
Similarly in other 14 short courses they trained 406 persons whereas one special course for Pakistan Army officers in the field of Labour administration, industrial welfare and labour laws was conducted.
Sharon Chew in her testimony before the California Industrial Welfare Commission on 7/13/67 stated, "Every week we work over 70 hours but are paid for 35.
Schwarzenegger supports an increase without indexing, and he is looking to circumvent the Legislature by passing an increase through the state Industrial Welfare Commission.
The court observed that in California, the Industrial Welfare Commission (IWC) is empowered to issue "wage orders" regulating wages, work hours, and working conditions with respect to several industries and occupations.
But the pendulum has swung too far the other way and it is Britain's boardrooms that are feathering their own nests for their own short-term profit while turning their backs on the welfare of their employees and the industrial welfare of the country.
Robert Hyde, Director of the Industrial Welfare Society, said these were the main ideals needed when planning a post-war holiday for all with pay.

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