Unit labor costs reflect compensation levels and productivity gains in productivity can offset the effect of wage growth.

(c) Wages

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

There is a vast difference between unit labor costs real wages adjusted for productivity in Germany and in the heavily indebted southern countries.

Determination of wages.

Persistently weak labor productivity growth has created a situation in which unit labor costs do not fall, even if real wages remain stagnant or decline. Indeed, despite a 1.3 drop in real wages in 2011, unit labor costs remained unchanged.

Movements in minimum wages

A rapid reduction in unit labor costs, through structural reforms that increased productivity growth in excess of wages, is just as unlikely.

After a decade that saw wages grow faster than productivity, unit labor costs (and the real exchange rate based on those costs) appreciated sharply.

Since the implementation of the Pay Equity Act, progress has been made in closing the gap in salaries.

Wage determination and job evaluation.

For a small fee in America

Then a decade of nominal wage growth that out paced productivity gains led to a rise in unit labor costs, real exchange rate appreciation, and large current account deficits.

Chinese wages are even lower, at just 4 of the western German average.

A. Review of the pay and benefits system

C. Review of pay and benefits system

Scarce labor drives wages.

Whatever Happened to Wage Insurance?

The difference in wages shall be compensated.

Women civilian personnel on higher pay scales

Wage determination and objective job evaluation.

Review of the pay and benefits system

Likewise, competitiveness losses have been partly reversed as wages have lagged productivity growth, thus reducing unit labor costs, and some structural reforms are ongoing.

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

And, unlike tax incentives, wage subsidies target only employment of low wage workers.

The wage gap within organizations that have implemented pay equity under the policy framework has been reduced for those organizations.

But improvements in productivity are easily overwhelmed by changes in wages. While productivity growth usually is measured in fractions of a percentage point, wage increases have been much larger.

Am I going from a bigger unit to a smaller unit, or a smaller unit to a bigger unit?

Persistently weak labor productivity growth has created a situation in which unit labor costs do not fall, even if real wages remain stagnant or decline.

In addition, the procedures for fixing and reviewing wages with the involvement of the production sectors are designed to ensure that wages do not depreciate.

Gender wage gaps

At half wages, in fact.

The median wage is now dropping, adjusted for inflation.

In a monetary union, discrepancies in wage growth relative to productivity gains that is, unit labor costs will result in a chronic accumulation of trade surpluses or deficits.

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.

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.

Under Chapter IX of the Act, employers can ask the Commission de l'équité salariale to approve, under certain conditions, a pay equity or salary relativity plan completed before the adoption of the Act.

Is Low Wage China Disappearing?

(c) Total compensation comparison Stage II (Belgium)

Wage gaps between women and men

They will not be able to afford to pay me as good wages.

Speaking of wages, you still haven't collected yours.

For my country, I prefer unity. One hand always unity!

As for the determination of salaries at the Council of Ministers level, the Law on the Civil Service in Bosnia and Herzegovina Institutions sets forth criteria for salaries, accounting for salaries and the structure of salaries for civil servants in joint institutions.

Since price declines would bring with them wage declines, the ratio of monthly mortgage payments to wage income would rise.