wage controls
Salary increase limits
Wage controls are government restrictions on how much employers can pay workers, typically setting maximum allowable wages or limiting wage increases.
Governments impose them during wartime or periods of high inflation to prevent runaway prices: The administration implemented wage controls alongside price freezes.
Often paired with price controls as part of broader economic stabilization efforts.
- fiscal policyState spending and taxation
- income distributionHow earnings are shared
- wartimePeriod of armed conflict
- wartime economyProduction system during armed conflict
- legislationOfficial enactment of statutes
rollback · Nixon · monetary policy · enforcement agencies · subsidies · pay freeze · price ceilings · stagflation · employment contracts · pay raises · fair wages · labor unions · economic planning · take-home pay · unions · taxation · cost of living · austerity
wage controlsderegulation
Removing governmental business restrictions
laissez-faire economics · supply-side economics · Reaganomics · Thatcherism · Austrian economics