wage labour system

基本解释

And because chaebol pay scales often rise according to years in service, they squeeze wage bills by firing older workers, with the service sector working as a recycling system for surplus labour.
因为企业巨头的工资标准通常根据服务的年数而增长，他们通过解雇老员工来减少工资支出，服务部门则像剩余劳动力的回收系统一样运转。
They are also a function of a peculiar labour market with lifetime employment, a wage system based on seniority rather than performance, and little job mobility among managers.
同时这种薪酬制度也有助于维护该国特有的讲究论资排辈和缺乏流动性的终身雇佣制为基础的劳动力市场。