As a result, wages were cut by half.

But wages and social security revenues have suffered an equivalent cut.

Greece thus lacked a mechanism to negotiate a social compact to cut wages, pensions, and other obligations in an equitable way.

They have to cut wages, pensions, and other costs in order to achieve the same gain in competitiveness needed to substitute external demand for internal demand.

Consider the recent standby arrangement with Latvia, whose conditions include a massive 25 cut in public sector wages, a similar reduction in government expenditures, and a huge tax increase.

The government is running budget deficits of 10 of GDP, despite having cut public sector wages, and now plans further cuts to service failed banks debt.

Nominal wages may increase, while real wages stagnate, owing to higher inflation.

Because they had the sense that declining wages are worse than rising wages, even when the total amount of wages is higher in the declining period. Here's another nice example.

So Greece faces the difficult task of lowering the prices of its goods and services relative to those in other countries by other means, namely a large cut in the wages and salaries of Greek private sector employees.

4.4 Elimination of gender disparity in wages.

The difference in wages shall be compensated.

In 2004, women's average wages in Part I of the New Brunswick Public Service represented 98.1 percent of wages earned by men.

A new corporate tax credit will cut payroll taxes by 6 for all wages below 2.5 times the minimum wage a step that will benefit more than 80 of all salaried workers.

Russians prefer lower wages or simply waiting with no wages at all to moving in search of a new job.

Determination of wages.

Scarce labor drives wages.

These are efficient responses to changes in real wages.

American and rich country engineers and computer specialists will either have to accept a wage cut and or they will be forced into unemployment and or to seek other employment almost surely at lower wages.

During the period of 1998 2000 the wages of women constituted 72.7 of the wages of men.

But improvements in productivity are easily overwhelmed by changes in wages.

Consequently, wages are market sustainable.

Indeed, today, average wages in manufacturing along China s eastern seaboard are higher than in the Philippines and Thailand, countries that once had much higher wages in the export sectors.

Now therefore command that they cut me cedar trees out of Lebanon. My servants shall be with your servants and I will give you wages for your servants according to all that you shall say. For you know that there is not among us any who knows how to cut timber like the Sidonians.

And the fact that higher wages in Germany will be matched by lower wages across southern Europe suggests that continent wide inflationary pressures will remain subdued.

Keynes denied that real wages are set in the labor market.

If labor markets are flexible, this should result in lower wages.

In some provinces, minimum wages have increased by more than 30 .

Appalling wages are just the start.

In 2012, wages were estimated at about 160 per month, about one fifth of the South Korean minimum wage, and about a quarter of typical Chinese wages.

Moreover, Chinese wages have been rising rapidly.

The Bush administration cut taxes. The Fed cut interest rates in response to the 2001 recession.

Persistently high unemployment forced workers to accept lower wages and longer working hours, while wages continued to increase by 2 3 per year in the eurozone s booming peripheral countries.

And it turns out, the best way to cut things in half is to actually cut them in half.

In urban Africa, costs for food and transport in particular are relatively high, which forces wages up. The supply of African professionals and skilled workers, meanwhile, is tight shortages also drive up wages.

In Spain, for example, wages have risen too fast, and productivity has lagged.

This represents a 0.9 percent increase in wages earned by women since 2003.

The FFP has not only lifted workers wages.

Data on wages and salaries classified by gender.

Convention concerning the Protection of Wages (No. 95)

Money wages will lag behind demand, I argued, only as long as the representative firm is deterred from raising wages by the misperception that wages at other firms are already lower than its own a disequilibrium that cannot last.

Indeed, despite a 1.3 drop in real wages in 2011, unit labor costs remained unchanged.

Part of the problem is the emergence of China, whose ultra low wages provide tough competition for Mexico, where wages are merely very low.

Sami cut a hole in the ceiling.

While women accounted for more than half the population, they held proportionately fewer jobs and tended to be exploited at lower wages in the informal sector despite an official equal wages policy.

Workers wages, adjusted for inflation, fell in 2007, continuing a trend throughout this decade.