Press for less pay? (8)
I believe the answer is:
decrease
'press' is the definition.
(de-crease with an iron - cryptic)
I cannot understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for decrease that I've seen before include "Smooth" , "Abate, diminish" , "cut back" , "Peter out" , "Reduce in size" .)