At the same time, productivity for each worker has soared because of wage restraint and streamlining in factories.
Where workers are well organized, unions exercise the sort of wage restraint you have in mind.
However, very high corporate profits at a time of growing unemployment and widespread wage restraint risk a political backlash.
And their refusal to submit to Callaghan's modest wage restraint destroyed his government.
There is no obvious mechanism for enforcing the price guidelines; the wage restraints might not hold.
It anticipated some form of understanding between government and unions about wage restraint.
The unions proved increasingly unwilling to exercise wage restraint.
You have called on the trade unions for wage restraint, as is your right.
Employees are expected to practise wage restraint, which effectively amounts to a drop in real incomes.
The government has put wage restraints on workers in the public sector.
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