Example collocations logo

Wages in sentence

1758 examples of Wages in a sentence

Record-high food and energy prices, combined with sharply rising wages in China, are pushing up inflation in much of the world.
For example, competitiveness has to do with the ability to increase market share without sacrificing margins or lowering wages, something that reflects superior productivity.
For the many, by contrast, there has been only secular stagnation, with depressed employment and stagnating wages.
But real wages and consumption have grown more slowly than China’s total GDP.
China now plans to raise the relative growth rate of real wages and to encourage increased consumer spending.
Chinese officials hope that higher household incomes will boost consumer spending, as the tightening labor market causes wages to rise and as urbanization shifts workers from low-productivity farm work to higher-wage employment in the cities.
Although migrant wages have now caught up, inequality in public services (access to which requires an urban hukou) ensures that this divide persists, risking migrant children’s lifetime prospects and welfare, and deterring future migration.
This discourages people from seeking higher incomes in the cities, while keeping rural labor productivity and wages low.
Making migration easier would not only open up opportunities in the cities; it would also accelerate agricultural transformation, as the fewer remaining agricultural workers would need to acquire new skills to raise productivity and wages.
Differences among the eurozone countries in growth rates of productivity and wages will continue to cause disparities in international competitiveness, resulting in trade and current-account imbalances.
In 2012, China’s current leaders recognized that the country’s “demographic dividend” had run its course: the Chinese economy was reaching its “Lewis turning point,” the stage at which its surplus labor supply would be exhausted, and wages would start to rise.
While stock markets are booming, wages have remained stuck.
After all, the unraveling of that order started long ago, with the rise of footloose capital, the abandonment of full employment as a policy goal, the delinking of wages from productivity, and the intertwining of corporate and political power.
This means that, in a competitive labor market, real wages will always be instantly adjusted to changes in conditions of demand.
Keynes denied that real wages are set in the labor market.
Workers bargain for money wages, and a reduction in their money incomes might leave total demand too low to employ all those willing to work.
To be sure, many observers realized the truth was actually quite different – that prices, and wages and interest rates in particular, were often sticky, and that this sometimes prevented markets from clearing.
Among those who recognized the reality of involuntary unemployment were John Maynard Keynes and Arthur Lewis, who incorporated it into his model of dual economies, in which urban wages do not respond to labor-supply gluts and remain above what rural workers earn.
But even for them, the concept was only an assumption; they never managed to explain why wages and interest rates so often resisted the pressures of supply and demand.
In 1974, he published a paper on labor turnover that explained why wages are rigid.
This was followed by other important work, including a paper on credit rationing and interest-rate rigidity (co-written with Andrew Weiss) and another paper on efficiency wages.
Of course, if this works for one firm, it will work for others, and so wages will rise, and eventually the supply of labor will exceed demand.
As a result, the market will reach an equilibrium where unemployment exists, but wages do not drop.
Real wages in the country plummeted by around 10%.
Internal devaluation – lowering domestic wages and prices – is no substitute for exchange-rate flexibility.
But European exports have barely increased since 2008 (despite the decline in wages in some countries, most notably Greece and Italy).
A rapid reduction in unit labor costs, through structural reforms that increased productivity growth in excess of wages, is just as unlikely.
Likewise, a rapid deflation in prices and wages, known as an “internal devaluation,” would lead to five years of ever-deepening depression.
The plan calls for a shift to higher real wages so that household income will rise as a share of GDP.
Governments will need new accounting and reporting standards to calculate wages, forecast incomes, and categorize workers within the growing ranks of the self-employed.
BackNext