What is the definition of Ratchet effect? | Dictionary.net

RATCHET EFFECT

\ɹˈat͡ʃɪt ɪfˈɛkt], \ɹˈat‍ʃɪt ɪfˈɛkt], \ɹ_ˈa_tʃ_ɪ_t ɪ_f_ˈɛ_k_t]\

Definitions of RATCHET EFFECT

1910 - Black's Law Dictionary (2nd edition)

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The inclination to be influenced by an earlier level of a variable (factor). For instance, a workers? currently salary satisfaction depends on how it measures up to a past salary.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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