iron law of wages

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. 2012.
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Iron law of wages is always a great word to know.
So is flibbertigibbet. Does it mean:
a chattering or flighty, light-headed person.
a printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question.
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