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Strong welfare states helped cement this bargain, providing workers with generous benefits to offset their wage restraint and the unemployment generated by industrial restructuring.
It's advantageous, of course, only if you live long enough for your increased monthly benefits to offset the loss of the checks you are voluntarily giving up.
"Paying more for local builds, without sufficient strategic defence and spillover benefits to offset the additional cost, diverts productive resources (labour, capital and land) away from relatively more efficient (less assisted) uses," the report says.
And some of the smaller factories have reduced or eliminated traditional subsidies for workers' food, housing and other benefits to offset the cost of higher minimum wages, Ms. Gao and other workers said.
Conservatives, in particular, not so secretly believe that the real program will involve drastic cuts in social spending to make room for reductions in income and estate taxes, and large cuts in Social Security benefits to offset the diversion of taxes into private accounts.
They involve increasing the revenues that flow to the program, by, for example, raising the salary cap on taxable benefits to offset the fact that the growth of earnings inequality has lifted a larger share of national earnings (about 6 percent) above the current taxable cap of about $114,000.
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There was thus an individual as well as a collective benefit to offset any possible side-effects.
It's not perfect, I sometimes have to try again, or use another finger (I registered three on my right hand and two on my left), but it's clear that Apple has managed to push Touch ID into the category of "consumer-grade technology": It works often enough and delivers enough benefit to offset the (small) change in behaviour.
For instance, if an asymptomatic, otherwise healthy, patient comes to me wanting a whole-body CT scan to make sure they do not have something bad hiding inside of them, I would decline and educate him or her that there is no data to show that this test has any significant benefit to offset the potential radiation or other harm and the major medical societies do not recommend this test".
Business could also see important benefit to offset the higher costs — more applicants to choose from.
WASHINGTON, March 4 (Reuters) - Advisers to the U.S. Food and Drug Administration on Monday voted against approval of two drugs designed to reduce the frequency and severity of hot flashes associated with menopause, concluding that neither conferred enough benefit to offset their risk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com