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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.

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

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

It was Ford who granted the first guaranteed annual wage to auto workers.

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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