iron law of wages
noun Economics.
the doctrine or theory that wages tend toward a level sufficient only to maintain a subsistence standard of living.
Also called
brazen law of wages.
Origin of iron law of wages
First recorded in 1895–1900
Words nearby iron law of wages
iron gray,
iron grey,
iron guard,
iron hand,
iron horse,
iron law of wages,
iron lung,
iron maiden,
iron man,
iron meteorite,
iron mold