Bonuses for This Crowd Draw a Chorus of Raves Oct 20, 2009
Thats because base pensions are pegged to both inflation and movement in the average, real wage. When wages rise, pensions rise. (Bloomberg -- Columnists)
SA to exit recession in third quarter Sep 22, 2009
"Yes, they are under a lot of stress given previous high inflation and rates, but the comparison should be versus the manufacturing sector, and for households there is still positive nominal credit growth, large real wage hikes and unemployment mainly affecting unskilled labour, with skilled and semi-skilled employment still up year-on-year," he says. "This data point will be important for the central bank given their concentration on consumption.". (Business Report, South Africa)
Mr. Paulson goes to Washington Sep 3, 2009
Since prices continued to fall, fixed wage rates meant that real wages (in terms of purchasing power) rose, aggravating the unemployment problem still further. This was indeed the first severe depression in history in which real wage rates rose rather than fell: with the result that the Depression was intensified and rendered quasi-permanent. (Salon)
Green shoots on the way? Aug 18, 2009
"Usually, deflationary scenarios lead to lower real wage rates, sowing the seeds of a recovery," she says ... Higher wage rates alongside rising energy prices imply sticky inflation, which will further restrict consumer spending because this implies lower real wages and lower disposable income. (iAfrica.com)
NREGA is a promise half-kept Jul 12, 2009
Finance minister Pranab Mukherjee has promised in his budget speech that the real wage rate paid under NREGA will be Rs 100 per day. Put those two things together and what it amounts to is that if the Act is perfectly implemented, any rural household availing of the scheme should be able to earn at least Rs 10,000 a year from it. (India Times, India)
Is the government wastefully spending more money on schemes that create no assets? Jul 8, 2009
The government is committed to providing a real wage of Rs. 100 a day as an entitlement under the NREGA. To increase the productivity of assets and resources under NREGA, convergence with other schemes relating to agriculture, forests, water resources, land resources and rural roads is being initiated. (India Times)
No pay rise for low-wage workers Jul 7, 2009
Acting Prime Minister Julia Gillard says the decision not to increase the minimum wage means a drop in real wages for Australia's lowest earners ... Australians who are relying on minimum wages are going to experience a real wage reduction. (Sydney Morning Herald -- Business)
'No' vote draws heat Jul 5, 2009
Meanwhile, the Hawks will have had him on the books for those seven years with a cap number discounted by one-third of his real wage. It s all legal, and it s modeled after what the Red Wings did with Johan Franzen and Henrik Zetterberg, but it s also a dodgy loophole that no doubt will get a lot of attention when the next CBA is hammered out in a couple of years. (Boston Globe)
Lessons from the revolution Jul 1, 2009
One of Allen's more startling discoveries is that real wage rates in Vienna in 1825 were a quarter of their level 400 years earlier; in England, this immiseration did not happen. Imperialism, next, added both to the wealth of the country and to its urbanization (which increased returns to agriculture, thus further increasing rural wage levels). (Asia Times Online)
Lowprices could bring hangover May 16, 2009
Even if your boss freezes your wages, when prices are falling 2 percent a year, your real wage is rising 2 percent. The flip side is that borrowers and consumers carrying heavy debt loads see their burden increase. (MSNBC -- Business)
Useful Myths And Delusions May 5, 2009
Most workers didn t see any real wage increase during the Bush recovery since their compensation increase went directly to health insurance premium increases. David Frum has been banging on that particular drum for a while now, I hope that source isn t ritually tainted for some of the readers here. (The American Conservative)
Economy Shrinks At 6.1 Percent Pace Apr 30, 2009
WHY because too many Ameircans are against workers getting paid a real wage with benefits. There was so much anti-union rhetoric being spilled, but these are the types of jobs that raise the economy. (CBS News)
Survey: Expected pay rise for Asians drop on global economic crisis Apr 7, 2009
This means that real wage increases - the difference between actual salarg increases and inflation - may not differ significantly from last year, it added. ECA is involved in the development and provision of solutions for the management and assignment of employees around the world. (The Star Online, Malaysia)
Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Bulgaria Mar 18, 2009
The authorities were encouraged to avoid any further erosion in international competitiveness as a result of real wage increases exceeding productivity gains. Directors considered that the most immediate policy challenge will be to maintain confidence in the currency board arrangement and in the banking system. (IMF News)
SOLUTIONS/STEIN: Reforming immigration laws Mar 15, 2009
Even before the current recession, mass immigration, encroaching globalism and outsourcing contributed to real wage decline for many American workers. A rational immigration policy will by definition include a "stress test" that assesses the impact of immigration on American workers and makes adjustments accordingly. (Insight on the News)
Elephants out, wise owls in Mar 10, 2009
The correct economic policy would seem to turn on limiting real wage increases, or perhaps cutting real wages, with employees compensated by large income tax reductions. That's the way to maximise employment and minimise unemployment. (The Age, Australia -- Opinion)
Calming the fears regarding Measure W and redevelopment Feb 14, 2009
loadeye wrote on Feb 13, 2009 4:19 PM:" Nellie, the company I retired from was transferred to my owners' wife in order to become a minority company way back in the early 90's. I retired for this company and learned how to play the game first-hand. In order to get a 17-story high rise job from the city of LA, we had to become a minority company and that's how we did it. So every gravy government job we bid on(if we weren't low bidder, we were invited to dinner and offered to make one more secret... (Lodi News Sentinel, CA)
