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Wages in sentence

1758 examples of Wages in a sentence

If exchange rates cannot depreciate, wages and prices need to fall when a country has an unsustainable current-account deficit.
Alexis Tsipras, the head of the Coalition of the Radical Left has a valid point: “internal devaluation” – cutting wages and prices – is failing as a strategy.
Moreover, labor repression has caused wages to grow much more slowly than productivity.
In Germany, it’s called “activating social aid” or “combi wages,” but the principle is the same: the state should reduce the money it pays for doing nothing and pay more for participating in the work force.
The Fed can maintain nominal prices, nominal wages, and growth if it acts heroically, as it did in 2008.
A high point of the meeting was the speech by Christine Lagarde, the International Monetary Fund’s managing director, who stressed the marked change in her institution, at least at the top: deep concern about women’s rights; renewed emphasis on the link between inequality and instability; and recognition that collective bargaining and minimum wages could play an important role in reducing inequality.
Consequently, employment and wages have also increased.
Moreover, the hundreds of millions of low-cost workers who joined the global labor force when China, India, and Eastern Europe opened their economies are still putting pressure on the wages of all but the most skilled workers in the advanced economies.
As the Nobel laureate economist Paul Samuelson observed in 1948, international trade leads to factor-price equalization, with wages, adjusted for skill levels, equilibrating across countries.
Germany and France – as de facto leaders of the European Union – are haggling over a belated support package, but they have made it abundantly clear that Greece must slash public-sector wages and other spending.
So Greece – and arguably the PIIGS more generally – are left with the need to curtail demand massively, lower wages, and reduce the public-sector workforce.
There, capital inflows create asset bubbles that tend to overheat the domestic economy and drive up wages and consumer prices inordinately.
Its wages and prices must lag behind its competitors’ for years, while its economy goes through an extended slump until a new equilibrium is found.
Whereas China’s growth is fueled by low-cost labor as millions of peasants enter the industrial economy, this is not the South Korean recipe for success, which has been driven by private entrepreneurship, innovation, and quality products: Samsung and Hyundai, not cheap wages, are South Korea’s growth engines.
Moreover, real wages have barely risen; for more than 60% of German workers, they have actually fallen.
Wages have risen substantially more elsewhere in Europe, despite the depth of the economic crisis.
Associations – committees of Catholic business owners, labor leaders, and officials – must set quotas, prices, and wages within vertically connected swaths of the economy called corporations.
True, central planners no longer set wages, prices, interest rates, and quotas; but party cadres, not market forces, control the economy’s commanding heights.
The PRC’s population is aging, real wages are rising, and growth is moderating toward more sustainable rates.
Employees are required to contribute 10% of their wages to a private pension company of their choice and can then select one of the investment strategies offered by that company.
Their complaint was that the newfangled machines were robbing them of their wages and jobs.
Historians tell us that the Luddites were victims of a temporary conjuncture of rising prices and falling wages that threatened them with starvation in a society with minimal welfare provision.
There would, of course, be some temporary unemployment in the technologically advancing sectors; but, in the long run, machine-assisted production, by increasing the real wealth of the community, would enable full employment at higher wages.
The pessimistic argument is as follows: If machines costing $5 an hour can produce the same amount as workers costing $10 an hour, employers have an incentive to substitute machines for labor up to the point that the costs are equal – that is, when the wages of the workers have fallen to $5 an hour.
As machines become ever more productive, so wages tend to fall even more, toward zero, and the population becomes redundant.
The pessimistic argument ignored the fact that by lowering the cost of goods, machines increased workers’ real wages – enabling them to buy more – and that the rise in labor productivity enabled employers (often under pressure from trade unions) to pay more per worker.
However, over the last 30 years, the share of wages in national income has been falling, owing to what MIT professors Erik Brynjolfsson and Andrew McAfee call the “second machine age.”
In retail, for example, Walmart and Amazon are prime examples of new technology driving down workers’ wages.
They claimed that because machines were cheaper than labor, their introduction would depress wages.
The New MonopolistsSTANFORD – For more than 30 years in advanced economies, particularly the United States, wealth and income inequality have increased, real (inflation-adjusted) wages have risen slowly, and retirees have faced declining interest rates on savings.
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