Sentences with phrase «significant wage reduction»

While a lower unemployment rate is certainly better than a higher one, the rate doesn't capture workers who've quit looking for a job, part - time workers who wish to work full - time, or workers who've experienced a significant wage reduction in a new job after they lost their old one.

Not exact matches

However, as long as there is not significant job loss or reduction in economic growth, there does not appear to be a great deal of harm in having a higher minimum wage even if the benefits are relatively modest.