Sentences with phrase «wage restraint so»

We had over 20 years of wage restraint so we stagnated — we went from the top of the list in terms of our provincial counterparts to third from the bottom over 20 years.

Not exact matches

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.

But rather than buying into the rhetoric, the public merely seems to have learnt from the human misery inflicted by Thatcherism, and accepted wage restraint because they knew that the alternative was so much worse.

«It doesn't go so far as to create a licence for wage - restraint legislation — it just doesn't; this is a unique circumstance — but I think governments are at least going to have some comfort that certain forms of wage - restraint legislation is not automatically unconstitutional.»