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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

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

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

We have a guaranteed annual wage for six years -but we have no job security, no pay for overtime, no unemployment compensation and no assurance that our contract will be renewed.

From Time Magazine Archive

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