incomes policy

American  

noun

1. a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls.

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incomes policy British  

noun

1. See prices and incomes policy

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Etymology

Origin of incomes policy

First recorded in 1955–60

Example Sentences

See Examples For:

incomes policy

With prices rising far faster than incomes, policy makers are concerned borrowers are taking on ever-larger amounts of debt, leaving them vulnerable to an economic downturn.

From Reuters ● Sep. 30, 2021

Dennis, president of the Brotherhood of Railway, Airline and Steamship Clerks, pointed to perhaps the greatest disparity possible in a period of incomes policy.

From Time Magazine Archive

Such moves, board members think, would have to be combined with an incomes policy to fight inflation.

From Time Magazine Archive

So far he has been blocked by Budget Boss George Shultz, who, in Robert Nathan's words, is "ideologically, conceptually, religiously" against an incomes policy because it would interfere with natural market forces.

From Time Magazine Archive

If a national incomes policy does not respect these differences, a country can have both unemployment and a surplus on the trade account.

From Definition & Reality in the General Theory of Political Economy by Thomas Colignatus