1--- 2meta: 3 date: false 4 reading_time: false 5title: "Wage Restraint" 6date: 2023-10-05 7description: "Decisions by trade unions to forego wage increases or moderate their wage demands, often encouraged by governments to control inflation." 8tags: ["Wage Restraint", "Trade Unions", "Inflation Control"] 9--- 10 11## Background 12 13Wage restraint refers to the deliberate action by trade unions or labor groups to withhold demands for higher wages. This economic strategy is often encouraged by governments aiming to control inflation.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Ways and Means Advances" 6date: 2023-10-05 7description: "Advances to the government made by the central bank. These are necessary when government expenditure runs in advance of receipts from taxation plus borrowing from the public, effectively increasing the money supply." 8tags: ["economics", "fiscal policy", "monetary policy"] 9--- 10 11## Background 12 13Ways and Means Advances (WMA) are financial mechanisms employed by central banks to aid governments in managing short-term mismatches in their receipts and payments.
--- meta: date: false reading_time: false title: "Wear and Tear" date: 2023-10-05 description: "The cumulative damage to equipment through regular use." tags: ["Economics", "Maintenance", "Equipment"] --- ## Background Wear and tear refer to the gradual degradation or damage that occurs to equipment or assets as a result of regular usage over time. It is considered a normal process that reduces the efficiency and lifespan of various types of machinery and objects, making maintenance and eventual replacements necessary.
An overview of the National Labor Relations Act of 1935, known as the Wagner Act, which enabled workers' rights to unionize and participate in collective bargaining in the United States
