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wage-fund theory

noun
variants: or wages-fund theory

Definition of wage-fund theory

: a theory in economics: there is at any one time a rigid capital fund available for wage payments, and increases in wage rates to any groups will only redistribute wage payments, not increase the aggregate of wages paid — compare iron law of wages, subsistence theory

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Dictionary Entries near wage-fund theory

waged

wage dividend

wage earner

wage-fund theory

wage home

wagel

wage level

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