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

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

The Organization for Economic Cooperation and Development, a 22-nation body, released a report that urged consideration of an "incomes policy" of voluntary controls.

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

Whatever the inflationary pressure, the board suggested that an incomes policy is not the answer.

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 Colignatus, Thomas