Zero round
A zero round (common term in Austria: zero wage round ) is a collective bargaining round without an increase in the wages received. In a zero round, the salaries / allowances remain at the old value. Usually this means that there is a real loss of income due to inflation .
In the figurative sense, one also speaks of a zero round if, for example, pensions or social benefits are not increased within a year.
Web links
Wiktionary: Zero round - explanations of meanings, word origins, synonyms, translations
Individual evidence
- ↑ Zero wage round would push private consumption into the red ( Memento from August 1, 2009 in the Internet Archive ), article about the Chamber of Labor's zero wage round , accessed on June 25, 2017