incomes policy

American  

noun

1. a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls.

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incomes policy British  

noun

1. See prices and incomes policy

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Etymology

Origin of incomes policy

First recorded in 1955–60

Example Sentences

With prices rising far faster than incomes, policy makers are concerned borrowers are taking on ever-larger amounts of debt, leaving them vulnerable to an economic downturn.

From Reuters • Sep. 30, 2021

A vigorous incomes policy coupled with structural reforms would combat this type of inflation more effectively than a budget hold-down.

From Time Magazine Archive

The first step would be to establish an incomes policy that would stop far short of Galbraith's controls.

From Time Magazine Archive

Dennis, president of the Brotherhood of Railway, Airline and Steamship Clerks, pointed to perhaps the greatest disparity possible in a period of incomes policy.

From Time Magazine Archive

By proper choice of functions and parameters we have succeeded in reproducing and hence illustrating the Van Schaaijk observation & analysis of the differential reaction of the exposed and sheltered sectors on incomes policy.

From Definition & Reality in the General Theory of Political Economy by Colignatus, Thomas