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What Is Wage Compression and How Does It Occur

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What is wage compression and how does it occur?


Definitions:

Placid

Describes a calm, peaceful, or tranquil state or demeanor.

New York Longitudinal Study

A research project that began in the 1950s tracking the temperamental characteristics of infants and how these traits relate to personality development.

Temperamental Category

A classification in psychology that describes inherent personality traits and behavior tendencies that are observable in infancy and assumed to be biologically based.

Mixed Temperament

A combination of multiple temperament traits in an individual, showing behavioral characteristics that are not dominated by a single temperament type.

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