- iron law of wages
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Econ.the doctrine or theory that wages tend toward a level sufficient only to maintain a subsistence standard of living. Also called brazen law of wages.[1895-1900]
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Universalium. 2010.
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Universalium. 2010.
iron law of wages — Etymology: intended as translation of German ehernes lohngesetz, literally, brazen law of wages : a statement in economics: wages naturally tend to fall to the minimum level necessary for subsistence called also brazen law of wages * * * Econ.… … Useful english dictionary
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brazen law of wages — iron law of wages * * * Econ. See iron law of wages … Useful english dictionary
brazen law of wages — Econ. See iron law of wages. * * * … Universalium
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