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Chart 2 shows for the whole of the euro zone how its improvement in productivity relative to America has also been fully offset by a fall in hours worked.If leisure is a normal good, then it is surely appropriate that demand for it increases in line with income.
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It includes the statement: We do not propose to guarantee that the charge will be fully offset by the savings.
But over time, those costs will be fully offset by savings since workers will no longer get higher benefits when they reach 70.
The bill's sponsor, Patty Murray of Washington, said that shouldn't matter, since the bill's cost was fully offset by new revenues.
The Federal Open Market Committee noted more reports that rising labor costs could no longer be fully offset by productivity improvements and that more companies seemed to be trying to raise prices to help profits.
"The giveaways are fully offset by various revenue-raising measures, including the scrapping of the 10p rate, the rise in the national insurance threshold and changes in capital allowances," said analysts at Capital Economics.
It is expected to raise £1.75 billion in its first full year, but will be fully offset by cuts in employers' national insurance contributions.In this section When in roam Gordon's theorem Who blinks?
Administration officials have long claimed that Mr Clinton's proposed increases in discretionary spending (such as for schools and health) are fully offset by revenue-raising measures and spending cuts elsewhere in the budget.
"Our belief is that the cost of the content cannot be fully offset by the advertising dollars you can generate," Mr. Irwin said, "and that the subsequent conversion of somebody to a paying subscriber because they've been able to listen to content for free on a desktop is not at a level that supports the losses you'll incur on the advertising side".
The U.S. demographic decline is not likely to be fully offset by international students.
Rotavirus vaccination costs for the SHI could be fully offset by the cost avoided in hospitalisations, physician visits, and SHI-reimbursed productivity losses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com