Crossword Genius

Press for less pay? (8)

Ross

I believe the answer is:

decrease

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'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" .)

I've seen this clue in the Evening Standard.
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