Sentences with phrase «nominal wage rate»
Since the average nominal wage rate has now risen to $ 21 an hour, the amount given back by the borrower is still equivalent to 1,000 hours of labour - time.
http://www.broadbentinstitute.ca/ Not exact matches
Because nominal wage growth for a large fraction of workers has been held to zero, a somewhat higher rate of inflation would grease the wheels of the labor market by allowing real wages to fall (Akerlof, Dickens, and Perry 1996).
The economic effect will feel a little stagflationary, with wage rates improving in nominal terms, taxes rising to cover transfer payments, and assets being sold (to whom?)