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brazen law of wages

noun, Economics

iron law of wages

noun, Economics
1.
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.
Origin of iron law of wages
1895-1900
1895-1900
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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