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Financial Terms | |
Wage Stickiness |
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Definition of Wage StickinessWage StickinessResistance of wages to change.
Related Terms:StickinessSee price stickiness, wage stickiness. Benefit Wage Ratio MethodThe proportion of total taxable wages for laid off Efficiency Wagewage that maximizes profits. Minimum WageAn hourly wage rate set by the federal government below Price StickinessResistance of prices to change. Real Wagewage expressed in base-year dollars, calculated by dividing the money wage by a price index. Wage expenseThe amount paid to employees for services rendered; synonymous with salary expense and payroll expense. ![]() Wage FlexibilityEase with which wages adjust in response to excess supply or demand. Wage/Price ControlsAn incomes policy in which wages and prices are constrained by law not to rise by more than a specified percentage. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |