annual improvement factor
noun
: a provision in a labor contract calling for an annual increase in the hourly wage rates of the workers so as to provide a constantly rising standard of living
Dictionary Entries Near annual improvement factor
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“Annual improvement factor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/annual%20improvement%20factor. Accessed 23 Nov. 2024.
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