W

Wa Japanese Term for a situation in which there is complete harmony, with no possibility of conflict.

Wage compression Reduction in the gap between the higher salary scales and the lower ones so as to make compensation more equitable.

Wage differential Difference in earnings between workers with similar skills in different industries, or between workers with different skills in the same industry.

Wage freeze Government-imposed prohibition of wage increases for a specified time, usually an effort to curb INFLATION. Distinguished from wage restraint, which is a recommendation for freezing salaries.

Waiver A formal setting-aside of a requirement; nonenforcement of a right.

Wall Street In lower Manhattan, the street on which the New York Stock ...

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