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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

The battle for the guaranteed annual wage in the auto industry got off to a start last week in an atmosphere of small-town friendliness.

From Time Magazine Archive

As an alternative, the union demanded that along with an improved wage and benefits package, the companies strengthen a guaranteed annual wage clause that has been part of I.L.A. contracts since 1964.

From Time Magazine Archive

In 1955, at the last auto bargaining, Reuther's whipsaw worked to perfection and wrecked the industry's informal agreement to hold firm against demands for a guaranteed annual wage.

From Time Magazine Archive

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