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Wages in sentence

1758 examples of Wages in a sentence

Indeed, today, average wages in manufacturing along China’s eastern seaboard are higher than in the Philippines and Thailand, countries that once had much higher wages in the export sectors.
China’s government responded to this by encouraging manufacturers to move into the country’s vast hinterland, where wages are much lower.
The consequences of rising Chinese wages for China’s neighbors are likely to be vast, depending on their current position in manufacturing networks.
Rising wages in China are also creating new opportunities for other regional exporters.
There, the takeoff point for joining Asia’s great production chains was not just the country’s low wages, but a decision to redress past government omissions: trade liberalization, creation of a more favorable investment climate, and infrastructure improvements.
But now, given China’s one-child policy and lack of adequate infrastructure (including housing) in rapidly growing areas, labor is getting scarce and wages are rising.
In economic jargon, the supply curve of labor was flat but is now sloping upward, so that rapidly increasing demand for labor resulting from rapid growth is driving up wages.
Without external constraints, public and private expenditure grew precipitously in many countries on the eurozone periphery, while wages rose faster than productivity.
Likewise, workers wanted employers to compete for their services by offering higher wages and better conditions.
Studies by Harvard University’s George J. Borjas and others suggest that net immigration lowers the wages of competing domestic labor.
Borjas’s most famous study shows the depressive impact of “Marielitos” – Cubans who immigrated en masse to Miami in 1980 – on domestic working-class wages.
Top business salaries were rarely more than 20 or 30 times higher than average wages, and for most people differentials were far less.
In fact, thanks to automation, Asia is likely to retain its manufacturing dominance, even after wages rise above the traditional levels of manufacturing-intensive economies.
Moreover, such businessmen do not pay employee wages if they can avoid it and often get away with it.
This may be particularly relevant today, with China’s rising wages and appreciating exchange rate underscoring rapid change in global comparative and competitive advantage.
If this view is right, the solution is straightforward: China can correct its imbalances by increasing its citizens’ incomes (by cutting taxes, raising wages, or increasing social spending), so that they can consume more, thereby reducing the economy’s dependence on exports.
With the economy likely to grow substantially as Chinese firms’ competitiveness deteriorates due to rising wages, it is hard to imagine that German trade unions will not demand hefty real-wage increases as well.
The most recent major study on the topic found that, from 1990 to 2007, the penetration of industrial robots – defined as autonomous, automatically controlled, reprogrammable, and multipurpose machines – undermined both employment and wages.
Such activities now account for 51% of US wages, and are most prevalent in sectors that employ large numbers of workers, including hotel and food services, manufacturing, and retail trade.
The McKinsey report also found a negative correlation between tasks’ wages and required skill levels on the one hand, and the potential for their automation on the other.
Over the last 30 years or so, skill-biased technological change has fueled the polarization of both employment and wages, with median workers facing real wage stagnation and non-college-educated workers suffering a significant decline in their real earnings.
Given this, it is difficult to distinguish between the effects of technology and the effects of globalization on employment, wages, and income inequality in developed countries.
Mounting anxiety about the potential effects of increasingly intelligent tools on employment, wages, and income inequality has led to calls for policies to slow the pace of automation, such as a tax on robots.
But, since the 1980’s, most Americans’ wages have stagnated, while incomes for those earning more than $110,000 have soared.
As a result, total wages grew significantly more than Social Security tax revenues.
The high cost of employing workers in France is due not so much to wages and benefits as it is to payroll taxes levied on employers.
With US workers remaining under intense pressure in terms of both job security and real wages, politicians have understandably been put on the spot.
The current 12th Five-Year Plan calls for annual wage increases to average at least 13.4%; this year, wages are rising at an average rate of 18%, which will squeeze out industries characterized by obsolescence or overcapacity.
This was partly because wages naturally began to rise as the surplus of rural workers dried up.
Bankers, consultants, and engineers earned much higher wages than their industrial-age forebears.
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