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Wages in sentence

1758 examples of Wages in a sentence

Since the 1970’s, wages for workers at the 90th percentile of the wage distribution in the US –such as office managers – have grown much faster than wages for the median worker (at the 50th percentile), such as factory workers and office assistants.
Because wages are determined by the law of scarcity, some people cannot earn enough money to live a decent life.
Replacement incomes are wages for doing nothing.
They establish “reservations wages” or minimum wage demands against the private economy that employers are increasingly unwilling or unable to satisfy.
While the integration of these economies may yield gains from trade for most countries, it created huge problems in the West, stemming from more intense downward pressure on the wages of the unskilled.
If Western labor markets were flexible and gave way to the increasing pressure, employment could be maintained because the wages for unskilled workers would fall.
But, given that the welfare state makes wages “sticky,” an increasing level of mass unemployment is the most likely consequence of globalization.
Politicians in the West react to the downward pressure on wages by making them even more rigid.
Europe’s welfare system based on replacement incomes and minimum wages will not survive globalization.
With lower wages, more jobs are created, because employers find it profitable to realize a larger fraction of the blueprints on their tables and the ideas in their heads.
All of these trends reduce wages and employment for low-skill workers in labor-scarce and capital-rich advanced economies, and raise them in labor-abundant emerging economies.
Consumers in advanced economies benefit from the reduction in prices of traded goods; but low and even some medium-skill workers lose income as their equilibrium wages fall and their jobs are threatened.
Job creation has been robust, with the unemployment rate falling below 5%, even if real wages are not growing much.
In most of these countries, job creation is anemic, real wages are falling, and dual labor markets mean that formal-sector, unionized workers have good wages and benefits, while younger workers have precarious jobs that pay lower wages, provide no employment security, and offer low or no benefits.
Before 1939, wages and profits in the financial sector in the United States amounted to less than 1% of GDP; now they stand at 7-8% of GDP.
The radicals relied on Keynes’s untested theory that unemployment depended on “effective demand” in relation to the “money wage,” but their policy ignored the part about wages and sought to stabilize demand at a high enough level to ensure “full” employment.
Postwar macroeconomic policies were dedicated to “full” employment, without any evidence that money wages would not get in the way.
Will Phillips’s work on wages gave them no choice.
Money wages will lag behind demand, I argued, only as long as the representative firm is deterred from raising wages by the misperception that wages at other firms are already lower than its own – a disequilibrium that cannot last.
If every increase in the after-tax wage rate gave a permanent boost to the amount of labor supplied, we reasoned, steeply rising after-tax wages since the mid-nineteenth century would have brought an extraordinary increase in the length of the workweek and in retirement ages.
In the long run, wealth could tend to increase in the same proportion as after-tax wages.
Households have cut their debt and rebuilt their balance sheets, but the large loss in household wealth, weak growth in wages and income, the concentration of most income gains at the top, and a decline in labor’s share of national income to record lows continue to constrain consumption.
Over the past five years, heating a UK home has become 63% more expensive, while real wages have declined.
More generally, there is little evidence that countries with independent central banks grow faster, have higher wages, or generate higher incomes--indeed, that they perform better in any real sense--than those that do not.
Yes, Europe needs a shift in economic policies to boost growth and wages now.
For example, during the 1992 US presidential campaign, Ross Perot argued that ratifying the North American Free Trade Agreement would lead to a “giant sucking sound,” as US jobs migrated to Mexico and American workers’ wages fell.
Although wealth has been growing constantly – GDP has more than doubled in the last 50 years – the share of wages in the total has diminished by 10%, even while millions of the rich have become much richer.
Finally, workers all over the world took it on the chin, accepting lower real wages and a smaller share of GDP.
But the cost – in lost jobs, lost wages, and lost homes – will be enormous.
After all, automation enables companies to spend less on wages, thereby boosting shareholders’ returns.
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