tulopolitiikka

Noun

 * 1) incomes policy, income policy economy-wide measures instituted by the government with the aim of controlling wages and inflation, often in collaboration with labor market organisations

Usage notes
In Finland the main tool for implementing incomes policy from 1969 to 2007 was, formally concluded between the labor market central organizations , i.e. the three trade union confederations ,  and, from 1995,  on one side and the employers' central organizations , currently , ,  and  on the other. Usually there were parallel government actions, such as tax cuts or legislation, which were conditional to an agreement which the government could approve.

Other terms used of the incomes policy agreement include, , , , and. The last may also be used more narrowly to refer only to the part of the agreement which concerns wages. On wage policy there have been three main lines:, and , which refer to the way in which the agreed wage increase is distributed between the employees. An associated tax package, if any, may be called.

In 2007 the employers refused to conclude an agreement but returned to central negotiation table in 2011, which resulted in or. In 2013, a new term was invented again:.

An alternative for this type of centralized negotiation process is a bargaining round  in which every trade union negotiates for itself, or union-by-union bargaining.