Wages
in sentence
1758 examples of Wages in a sentence
The government, on the other hand, has access to the Fed, and could therefore get its hands on cash to pay
wages.
At bottom, the coincidence of unemployment and booming exports can be explained by the high and rigid
wages
from which Germany still suffers.
Excessive
wages
destroy the labor-intensive upstream product stages too fast and also impairs other labor-intensive sectors like textiles, simple services, tourism, and construction.
As a result, these labor-intensive sectors must release a lot of labor and capital, which push into the capital-intensive export sectors that are better able to cope with high
wages.
At the same time, since returns to capital are kept low by high wages, very little investment occurs.
Consider the effects of pension “reforms” that force individuals to bear more risk, or of labor-market “reforms” that, in the name of boosting “flexibility,” weaken workers’ bargaining position by giving employers more freedom to fire them, leading in turn to lower
wages
and more insecurity.
In America, at least, 2006 is likely to be another year in which stagnant real
wages
freeze, or even erode, the living standards of those in the middle.
This external drag is likely to continue, as politics in developed countries impedes efforts to implement the structural reforms – such as reducing wages, lowering social benefits, financial deleveraging, and consolidating budget deficits – needed to revive economic growth.
In particular, China’s entry into global markets has put downward pressure on the
wages
of low-skill production workers elsewhere.
Next year, salaries for federal employees in the UAE will rise by 30-100%, while their Qatari counterparts’
wages
will rise by 60-120%.
Instead of remaining on the German-led path of orthodoxy – which, through counter-productive austerity and deflation (forcing down domestic
wages
and prices), has turned stabilization into recession – Europe must develop a growth-based strategy to overcome the crisis once and for all.
And, alongside obvious waste, China makes many high-return investments – in the excellent urban infrastructure of the first-tier cities, and in the automation equipment of private firms responding to rising real
wages.
But if they believe that, say, the Chinese are becoming wealthier, while their own real (inflation-adjusted)
wages
remain largely stagnant, they will not accept globalization.
Contrary to stereotypes, for example, real
wages
in Greece have declined by 6% annually over the last three years.
Back then, against a backdrop of government reluctance to force debt write-downs, along with massively over-valued real housing prices and excessive real
wages
in some sectors, moderate inflation would have been extremely helpful.
It would also provide a backdrop against which
wages
in Germany could rise without necessarily having to fall in the periphery.
In all these areas and more, traditional textbook arguments about the gains from trade apply: new export opportunities lead to higher
wages
and a lower cost of living.
A major driver of past catch-up, if only in terms of incremental growth, was the shift of many activities in both the services and manufacturing sectors from advanced economies to developing countries with lower
wages.
The city offered a lifeline to South Korean companies struggling with rapidly rising wages, allowing them to make use of low-cost North Korean labor.
Prodded by groups like the Workers Rights Consortium and the Ethical Trading Initiative, some corporations promise to pay living wages, open their factories to monitors, and even provide employees a voice in the workplace.
The super-rich have received round after round of tax cuts and special tax breaks, easy credits from central banks, and exceptional gains from technologies that are boosting profits while lowering unskilled workers’
wages.
We would expect to see manufacturers holding job fairs, and when not enough workers showed up, we would expect to see manufacturers offering higher
wages
to attract workers into their plants, and then raising prices to cover their higher costs.
But depression in the construction sector and unemployment among its ex-workers would be balanced by exuberance in the manufacturing sector, rising prices for manufactured goods, and long hours and high
wages
for manufacturing workersThat is what “mismatch” structural unemployment looks like – and it is not what we have today, at least not in Europe and North America.
In three years, we may well see labor shortages, rising wages, and increasing prices in expanding sectors, accompanied by high unemployment elsewhere in the economy.
If you examine actual household consumption rather than changes in crude indexes of real wages, which do not give a picture of shortages in the old regimes, living standards have held their own.
In any viable long term arrangement, the level of benefits relative to
wages
should be reduced, retirement ages should be raised to international norms, and eligibility for special pensions (disability ones in particular) should be tightened to cover only the truly in need.
Next, we must increase
wages
and standards of living.
Unions are key to effective corporate governance and hence should be more involved in innovation policy, pressing for investments in education and training – the long-run drivers of
wages.
The poor were among those who bore the biggest burden of the crisis, as
wages
plummeted and unemployment soared.
Once it gave up the drachma, Greece was no longer able to devalue in order to cut the value of domestic
wages
in terms of foreign currency, and thus spur exports.
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