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guaranteed annual wage

American  

noun

  1. a provision in a contract with an employer guaranteeing the employee a minimum income or work over a period of one year.


Etymology

Origin of guaranteed annual wage

First recorded in 1935–40

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

The union said BuzzFeed was proposing a 1 percent guaranteed annual wage increase and a minimum salary of $50,000.

From New York Times Dec. 2, 2021

Already, King had called for a guaranteed annual wage - a call that alarmed not only the business world, but the federal government.

From Washington Times Feb. 19, 2016

United Steelworkers launched their attack on the Little Steel formula, their demand for a guaranteed annual wage was generally regarded as a mere bargaining point to be dropped when the going got rough.

From Time Magazine Archive

When Reuther first presented his guaranteed annual wage plan at the bargaining table last April, Ford Vice President John Bugas said: "This is something that we will never, never do."

From Time Magazine Archive

Auto matic cost-of-living adjustments, a 52-week, supplementary insurance plan for laid-off workers with two years' service, adding up to the best "guaranteed annual wage" in industry.

From Time Magazine Archive

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