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incomes policy
(redirected from Wage and price controls)

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
incomes policy
n
(Economics) See prices and incomes policy
Translations
incomes policy npolitica dei redditi


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In the United States, private pension plans grew rapidly during and following World War II, when wage increases were limited due to wartime wage and price controls, but collective bargaining for pension benefits was allowed.
Employee-provided plans have led to their own set of challenges, but they were a result of previous interferences in the market, emerging as a way around government-imposed wage and price controls during World War II.
In 1973 he decided we're all Keynesians now and imposed wage and price controls.
 
 
 
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