Instability from Rigidity

In the face of downward nominal wage rigidity, higher inflation would facilitate sectoral adjustment and achieve a small but useful impact on reducing debt burdens.

We see vocal tremor, weakness and rigidity.

Field level fund raising and resource allocation rigidity

But trying to obtain stability from rigidity is illusory.

Slower growth and more modest real wage increases are likely, which will reverse households optimistic expectations.

Between December 2000 and May 2004 the average contribution wage increased in real terms by 14.3 .

During the first five months of 2004 the general minimum wage showed an average real increase of 2.7 .

The second classical postulate Keynes identified was that the real wage is equal to the marginal disutility of labor.

Ideological rigidity alone, however, does not explain Iran s often gratuitous anti Americanism.

The ideals of participatory democracy are represented through suppleness rather than rigidity.

In aggregate terms, during the six year period ending in December 2003, the average general minimum wage increased by 0.61 , while the contractual wage within federal jurisdiction increased by 1.12 in real terms.

Without its own currency, the only cure for a chronic trade deficit is real wage reductions or relative productivity increases.

And even a real wage increase on the national level will not undermine competitiveness if labor productivity grows still faster.

A decade of wage growth exceeding productivity gains led to real appreciation, loss of competitiveness, and large current account deficits.

Nevertheless, weak demand in EU will reduce the growth of exports while slower real wage growth will dampen private consumption.

Most of these economies were suffering a loss of their export markets to low wage Asia. A decade of wage growth exceeding productivity gains led to real appreciation, loss of competitiveness, and large current account deficits.

Indeed, the bureaucracy itself is often blamed for the country s rigidity and ongoing stagnation.

In any case, with very few exceptions, current real wage levels are well below what they were before the external debt crisis.

In the same vein, pensioners real incomes increased more than 30 on average over the past eight years, reflecting aggressive minimum wage increases.

During the period of the present administration and up to October 2004 the average IMSS contribution wage increased in real terms by 11.02 .

It refuses to ascribe to Iran s secretive state an ideological rigidity that might not exist.

In real terms, wages no longer rose (indeed, the average real wage has been stagnant for 25 years in the US), and a growing share of manpower (currently around 15 ) was without steady employment.

Gender wage gaps

If that happens, a homeowner with a mortgage would see the real value of his debt rise by 10 . Since price declines would bring with them wage declines, the ratio of monthly mortgage payments to wage income would rise.

The average real contribution wage of permanent wage earning workers registered with the Mexican Social Security Institute (IMSS) underwent substantial negative changes as a result of unfavourable conditions in the national economy and the inflationary peak observed during 1995.

For calculating the annual wage, the lowest general minimum wage was used.

Unemployment remained high, at 7.8 at the end of 2012, and there has been almost no real wage growth over the last few years.

Average unemployment would then have to rise in order to keep workers demands for real wage increases at a level warranted by productivity growth.

And, unlike tax incentives, wage subsidies target only employment of low wage workers.

Maximum wage law succeeds.

Is Germany s labor market rigidity to thank for that? It may indeed be part of the explanation.

It is a truism that nature cannot tolerate rigidity and that everything in nature is constantly changing.

We deplore the continuation of this fratricidal, murderous war, sustained by the intransigence and rigidity of UNITA.

So that's why it needs to have some rigidity so that's why it has cartilage around it.

ILO noted that this might be a factor in the very moderate real wage increases registered in 2004 and might also explain why 27 per cent of workers earned less than the average wage and less than the minimum wage.28 A number of work permits for business people had been issued, although utilization had been low.

In the said case the monthly wage shall not be less than the minimum wage.

The maximum benefit from reducing unemployment, increasing the real minimum wage, and expanding credit creating a strong rise in consumption, owing to rapid gains in real (inflation adjusted) income for much of the population has already been reaped.

Although there is room for pursuing real wage flexibility and greater labour mobility, the structural changes being undertaken in these economies, given generally weak markets, may unduly compress real wages without gaining a concurrent flexibility in labour mobility.

46. His delegation had noted the comments of programme managers regarding the rigidity of the regulations and rules.

In real terms the general minimum wage has shown no significant signs of recovery since 1981, even though in recent years the rate of depreciation has decreased, and in 1998, 2000 and 2001 the minimum wage even increased slightly, by 0.7 , 0.8 and 0.5 respectively.

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