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

Because I believe in human dignity," Nixon has said, "I am against a guaranteed annual wage.

From Time Magazine Archive

"We Live by the Year--We Should Be Paid by the Year" was behind the demand for a guaranteed annual wage.

From Time Magazine Archive

As Eastman's assistant, he began working on private-enterprise social security before 1929, started a "guaranteed annual wage" plan 25 years before Ford and General Motors did.

From Time Magazine Archive