iron law of wages
Americannoun
Etymology
Origin of iron law of wages
First recorded in 1895–1900
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.
Think more supply and demand and less iron law of wages.
From Economist ● Dec. 18, 2013
David Ricardo worked out what became known as the "iron law of wages."
From Time Magazine Archive
Another is Ricardo's "iron law of wages," that wages cannot rise above the cost of living.
From The Book of Life by Upton Sinclair
Our machine-like educational system, long hours of labor, specialized monotony of mill work, and "the iron law of wages" do tend to reduce us to a dead level.
From The Forerunner, Volume 1 (1909-1910) by Charlotte Perkins Gilman
Usually he asserts that this is because production grows faster than wages, wages being fixed, as he believes, by the minimum of subsistence—a theory akin to the iron law of wages.
From Modern Economic Problems Economics Volume II by Frank Albert Fetter
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