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# Combination of Masters

## Definition

The tacit and constant agreement among employers not to raise wages above their actual rate, which Smith argues is the natural state of things and is everywhere a most unpopular action to violate, often conducted with silence and secrecy when attempting to lower wages below this rate.

## Source Chapter

Book I, Chapter 8

## Context

Presented as the more effective side of wage negotiations, able to hold out longer than workmen due to greater financial resources and legal authorization for their combinations.

## Economic Domain

Regulation

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