Sentence examples for flexible wages from inspiring English sources
They are also a poor substitute for fully flexible wages and prices.In or out?The merits of monetary flexibility versus exchange-rate stability have to be weighed up by the 11 EU countries that are not (yet) in the euro.
Hong Kong has very flexible wages and prices.
Why has this hiring spree not forced up pay?The answer is a combination of spare capacity and flexible wages.
Flexible wages and prices have helped the economy stabilise: unit labour costs fell by 7.5% in the final quarter of 2009.
In a 1980s edition of his seminal textbook "Economics," the Democratic economist Paul Samuelson declared that unions and minimum-wage laws cause unemployment, while "a labor market characterized by perfectly flexible wages cannot underproduce or have involuntary unemployment".
If such an adjustment mechanism was suitable to any period, it was the decades before World War I. Relatively flexible wages and prices meant that deflation was more feasible than it would become subsequently, and involved fewer unemployment costs.
When the SPD and Greens promised a minimum wage, Mrs Merkel quickly put forth a similar idea (albeit with flexible wage floors across regions and industries).
When you look inside the economic rankings, you see that Egypt does fine on many of the short-term decisions, like having a flexible wage structure, but it does horribly on long-term things.
These are not indications of waning competitiveness.Even in the ex-communist east, with a jobless rate of over 20%, there are encouraging signs: tip-top new infrastructure, some ultra-productive plants and flexible wage deals that could and should serve as models for the west.
However, the car firms now also have flexible wage contracts, so they may be able to make up some of the lost production later in the year without paying overtime.Unlike the strikes of old, which were huge affairs, IG Metall's new technique is to call "flexi-strikes", which affect different factories on different days.
Thus, flexicurity programs on the Danish pattern might help alleviate worker concerns over more flexible wage-setting systems.
