Wage Fixing
/ˈweɪdʒ ˈfɪksɪŋ/
Definitions
- (n.) An illegal agreement between employers to set wages at a fixed level, eliminating competition and violating antitrust laws.
The companies were prosecuted for wage fixing to prevent salary competition among workers.
Forms
- wage fixing
Related terms
See also
Commentary
Wage fixing is considered a per se violation under many antitrust statutes, and care must be taken in drafting to avoid implications of collusion among employers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.