Sentences with phrase «relative wage levels»

Exchange rates no longer reflect relative wage levels, «purchasing power parity» or living costs as in times past.

Not exact matches

If, in fact, an increase in the minimum wage were to result in a net increase in nominal aggregate spending, then we could eliminate any shortfall in aggregate demand relative to aggregate supply by merely boosting the minimum wage to whatever level necessary to eliminate the gap.

In Japan, a system of lifetime employment in many big businesses, a tradition of employer provided benefits such as housing in many cases, and a wage system in those kinds of businesses where workers receive a substantial share of their annual income in the form of an annual bonus whose size can be used to buffer good and bad years for a company sharing risks and rewards with workers instead of limiting the risks and rewards to an investor class, have contributed to low levels of income inequality in the Japanese economy relative to comparably developed countries with comparable levels of government spending on welfare state type programs in other countries.

Since 1980, Deming finds, jobs that require a high degree of social skills — consulting, project management, and positions in fields like medicine, dentistry, and the law — have experienced greater employment and wage growth at all levels, relative to other jobs.

,» looked not only at relative wages as measured by exchange rates but also took into account so - called absolute measures, by looking at the actual purchasing power of differing wage levels.

Combined, the two charts show relative wage rates across metropolitan areas for a specific occupation, while also providing comparison data for NAICS - specific occupation wage rates at the state - level.