brazen law wages

brazen law of wages

noun Economics.
Dictionary.com Unabridged

iron law of wages

noun Economics.
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:
1895–1900

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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