Examlex
As the QWL movement evolved, it fostered a new phase of activities known as
Income Redistribution
A policy aimed at balancing economic inequality by reallocating wealth and income from wealthier segments of society to poorer ones through taxes, welfare systems, or other means.
Social Security Benefit Formula
The calculation used to determine the amount of benefits one receives from the Social Security Administration, based on earnings history and age.
Below-Average Earnings
refer to income levels that are lower than the average earnings within a specified population or employment sector.
Social Security System
A government program that provides financial assistance to people with inadequate or no income, especially the elderly and disabled.
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