If the Fed were to continue hiking rates based on the current low rate of productivity growth for fear that inflation would accelerate, that would tend to keep productivity growth permanently depressed by preventing
wage pressures from pushing businesses to investment in productivity boosting technologies.
Not exact matches
«The first quarter's slowdown was led by consumers, whose incomes are under
pressure from slowing employment and
wage growth as well as rising inflation.
Restaurants are often laggards when it comes to adopting new technology, but rising labor costs due to higher minimum
wage and labor shortages coupled with food inflation has some looking to solutions that can provide some relief
from the increased
pressure on already tight margins.
Seattle's new minimum
wage law groups franchises with large businesses, putting the
pressure on independent franchisees to increase workers» pay at an accelerated pace (a move that sparked a discrimination lawsuit
from the IFA).
Even juggernauts like McDonald's are making changes: The fast - food chain announced that it would raise its entry - level minimum
wage this month, ceding to the
pressure from labor organizers as well as
from an increasingly strong economy.
From my perspective, that look would tell them several things: 1) the U.S. economy is in recession, 2) the combination of weak producer prices and rising
wage and benefits costs means that profit margins continue to be under
pressure.
However, given the weakness in the bargaining power of so many in the workforce, along with some anxiety about price
pressures from wage - push inflation, such evidence must be scrutinized.
Median
wage pressure has increased from 1.6 to 3.1 percent in the last 12 months, as shown on the Atlanta Fed's Wage Growth Tracker rep
wage pressure has increased
from 1.6 to 3.1 percent in the last 12 months, as shown on the Atlanta Fed's
Wage Growth Tracker rep
Wage Growth Tracker report:
That suggests that underlying inflation
pressures from such things as
wage increases remain muted.
Wage pressures remain muted as hopes for sustained faster growth fade, given that pro-growth policies
from Washington are looking less likely by the day.
But recently, new minimum -
wage laws and a tight labor market have pushed up wages for the poorest workers, squeezing retailers who are already under
pressure from Amazon.
An influx of 50,000 Amazon workers could force more lower -
wage and middle - income workers
from the city and put more
pressure on housing prices and congested roadways.
The usual arguments
from the far right («we can not afford this,» they say, or «if you pay people for not working, people won't work») join with those on the far left («this is just a way to reduce
pressures on the minimum
wage or cut back all the other programmes that are vital») are mutually reinforcing, even though they're largely inaccurate.
• Finally, as previously discussed, «military
pressure»
from the contras was the principal means by which the United States
waged economic war against the people of Nicaragua.
Tottenham aren't going to want to see any of their top players leave this summer, but with the
pressure of being unable to match
wage offers
from rivals coupled with their track record of failing to win major silverware, it could all count against them if United really do come knocking.
In part because human capital in these high quality sectors is deep and specific, so needs to be used to the full in exporting; in part because there are typically strong positive externalities to training and innovation systems
from increased exports; in part because a tight fiscal policy constrains
wage demands in the public sector
from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules
pressuring them to expand consumer demand.
A Labour administration would focus on three things to help ease
pressure on public services and wages including better enforcement of the minimum
wage, cracking down on recruitment agencies who only supplied workers
from particular countries and looking at areas and types of jobs where there were large numbers of foreign workers.
Cuomo faced
pressure from the left in his party to further increase the state's minimum
wage for non-tipped workers.
Cuomo faced
pressure from the left in his party to further increase the state's minimum
wage for non tipped workers.
Abia State Governor Theodore Orji on Sunday said his administration sacked non-indigenes
from the state's civil service because of
pressure of implementing the minimum
wage.
And the
pressure from the WFP won't end with the minimum
wage: Lipton said the party will continue to push Cuomo to back a full Democratic takeover of the state Senate next year.
Mike Boland, the operative who left the party to run Teachout's campaign, and Bertha Lewis, who nominated Teachout
from the floor of the W.F.P. convention, have both gone on record urging Teachout voters to hold their noses and vote W.F.P. as a way of keeping liberal
pressure on Cuomo, reminding them of the party's successful pushes on items like paid sick days and the minimum
wage.
Stuart Appelbaum, president of the RWDSU, thanked de Blasio for expanding living
wage while
pressuring him to support a bill to be introduced in the Council that would disallow developers
from retaliating against workers who unionize on projects covered under the living -
wage law.
«The businesses that will be under the most
pressure, paying a significantly higher minimum
wage - 6 % higher on average every year in this parliament - aren't the same businesses as a whole who will get the benefit
from the tax reductions.»
The data now shows that teachers, under the
pressure of needing to make enough of a living
wage to support their own families, are moving
from poor schools to non-poor schools...
from high - minority to low - minority schools...
from urban to suburban schools.
It is perplexing to me that the budget included money for dropout and truancy prevention, but ignored the needs of our 4,500 publicly funded after school programs in CA, that are dying on the vine because of cost
pressures from the minimum
wage increases.
And if the climate movement can keep
pressuring the the government, banks and universities to invest in the future and divest
from fossil fuels, it seems inevitable that we'll be burning less coal in the coming years, whether President Obama has officially
waged a War on Coal or not.
Based on data
from the European Social Survey for Austria, Belgium, France, Norway, and Switzerland, three different sets of explanations are tested: (1) hypotheses stressing economic determinants, that is, the fear of
wage pressure and competition over welfare benefits; (2) hypotheses emphasizing cultural determinants, that is, the perception of immigration as a threat to national identity; and (3) hypotheses focusing on social alienation, that is, dissatisfaction with the way the country's democracy works and the nonintegration into intermediary networks (trade unions).
Employers are also advised to expect upward
pressure from non-minimum
wage staff who may in turn expect equivalent pay raises themselves.
Increasingly, too, business is under
pressure from greater government say on employee rights with at least three provinces including Ontario taking increased measures to boost minimum
wage and worker benefits.
When looking at
wage pressures, Oxford Economics have forecast real
wage growth to be at 2.9 per cent for year - end 2017, down
from 3.6 per cent in 2016, which is further good news for organisations based in the UAE.
Mexican firms are expected to benefit
from more competitive wages (lower
wage pressure) in 2017, as inflation is forecast to erode real
wage growth.
Apart
from increased labour market participation which increases the talent pool for employers to choose
from, this is largely driven by lower overall
wage pressures.
For some time, we have been hearing about rising
pressure on
wage rates
from seniors housing and care operators.