wage freeze
Locked pay levels
A wage freeze is a period during which an employer or government prohibits salary increases.
Companies implement wage freezes during financial difficulties; governments may impose them to combat inflation.
The company announced a wage freeze until profits recover.
Unlike a pay cut, wages stay the same—they just can't rise.
- inflationSustained price level increase
- collective bargainingJoint worker-employer talks
- bargaining tableWhere parties negotiate agreements
- poverty ratesPercentage lacking adequate income
- austerityEnforced economic stringency
economy · income inequality · fiscal policy · concessions · impasse · price controls · employee morale · moratorium · standstill · salary caps · take home pay · pay equity · hard times · belt tightening · union negotiations · contract enforcement · lockout · budget
- Government Reformbudget reform, fiscal reform, government reform, policy reform, regulatory reform
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- cost cuttingcost cutting, budgeting, cost reduction, budget, budget cuts
- economic controlstariff, quota, sanction, embargo, trade restriction
- labor relationslabor relations, labor disputes, collective agreement, union elections, bargaining
- pay changesraise, pay raise, pay cut, salary bump, pay bump
wage freezewage increase
Higher pay rate
pay raise · salary increase · wage hike · pay bump · cost-of-living adjustment
wage freezelabor shortage
Insufficient workforce supply
hiring boom · wage inflation · wage war · full employment · economic expansion