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.

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Etymology

Origin of guaranteed annual wage

First recorded in 1935–40

Example Sentences

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

The welfare reform bill, introducing a modified, if modest, guaranteed annual wage, is one example.

From Time Magazine Archive

New York shippers served notice on the I.L.A. local that they would no longer accept the contract definition of a guaranteed annual wage.

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