Wages in sentence

1758 examples of Wages in a sentence

Economists today say that prices (including wages and salaries) are determined by consumer demand.

Strike committees, composed of young – and often non-union – workers, question hierarchy, demand respect, and want a “right of free speech,” but never mention wages – or even request negotiations.

The IMF and Greece’s other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment, and taxes, and that slashing wages, pensions, and public jobs has a magical effect on growth.

Pensions and wages account for about 75% of primary spending; the other 25% have already been cut to the bone.

Note first the damning admission: apart from pensions and wages, spending has already been “cut to the bone.”

According to their published forecasts, they believed that, by cutting wages and accepting other austerity measures, Greek exports would increase and the economy would quickly return to growth.

The economy contracted in 2012, and wages declined, despite increases in Germany and some northern countries.

Wages are rising, deposit insurance will be introduced, and deposit rates are being liberalized.

Far from pushing through structural reforms, they let domestic wages and costs rip, reducing their competitiveness relative to Europe’s better-run economies.

Indeed, some economists now argue for a two-pronged attack on inequality: redistributive measures alongside market interventions to bolster wages and employment.

Governments could also facilitate unionization to give workers more bargaining power, substantially raise minimum wages, and create employment, for example, through government jobs programs, as the United States did during the 1930s.

Three-quarters of the world’s poor live in rural areas, where agricultural workers suffer the highest incidence of poverty, largely owing to low productivity, seasonal unemployment, and the low wages paid by most rural employers.

After all, the Italians, Germans, and French work hard and well over a relatively small number of hours, resulting in high hourly productivity and wages – higher than in the United States and the United Kingdom.

Proponents of this view often argue that migrants drive down wages, particularly at the lower end of the income distribution, undermining natives’ living standards.

Output is expected to grow by more than 2% this year, and wages by 3%, with the current-account surplus set to reach a towering 8.4% of GDP.

Since the euro was established in 1999, Germany’s productivity growth has been no more than average among European countries, real wages have declined for half the workforce, and annual GDP growth has averaged a disappointing 1.2%.

But some foreign manufacturers, seeking to cap rising labor costs, are shifting production from China to cheaper destinations such as Vietnam, where average monthly wages for factory workers is $50-60 – half that of China.

The government’s increased spending on infrastructure and social services is creating new work opportunities for an estimated seven million workers, and at wages that are 70% higher than farm-related work.

But, as rising wages push some manufacturing jobs out of China, India is in a position to capitalize.

There is a vast difference between unit labor costs – real wages adjusted for productivity – in Germany and in the heavily indebted southern countries.

Growth will not resume until production costs in the indebted countries decline, which requires either a substantial permanent increase in productivity, a reduction in real wages, or both.

Large reductions in public-sector wages brought down the primary deficit, but employment maintenance lowers productivity, raises costs, and delays adjustment.

The assertion that money wages are downwardly rigid is not, in my view, a credible explanation of persistent unemployment.

Nor was it a credible explanation for Keynes, who asserted that his theory did not rely on the assumption of rigid wages.

IMF inspired policies in Indonesia led to a massive depression, then to the elimination of food and fuel subsidies at the very moment when unemployment was soaring and real wages plummeting.

Paying public sector workers with depreciated neo-drachmas implies a cut in the real wages that they receive.

The final step in the process comes with the neo-drachmatization of private-sector wages.

Competition from lower-paid Chinese workers has driven down US wages.

But the wages that the market will set for these jobs may result in yet greater inequality.

In Britain, the Thatcher government decoupled entitlements from current wages.

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