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What explains the slow-down in wage growth?
The economy has flexible labour markets, especially in wage contracts.
Frustrated unions are taking tougher stances in wage talks.
With bonuses factored in, wage growth was only 0.3%.
There has also been no acceleration in wage growth.
Increases in employment protection impede layoffs, resulting in wage costs that match the magnitude of synergy losses.
Under this standard, if employers take tips, they are effectively engaging in wage theft.
It is now much more competitive than before, following big falls in wage costs.
What families didn't receive in wage increases they made up for in work increases.
The Catholic hospitals had decided to take the lead in wage negotiations with Rivera's Local 1199.
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Boys tend to experience larger reductions in participation in wage-labour than do girls.
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