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Within the last few weeks, labor unrest has intensified nationwide, raising the prospect of hefty wage increases.
What is more, unemployment is low and, judging by the unions' opening bids in pay negotiations from Germany to Italy, workers are demanding hefty wage increases.
The bank predicts inflation will stay above 2percentt for most of 2008 and warns that it could be amplified by so-called second-round effects, like demands by unions for hefty wage increases.
It added that there was a hefty wage premium associated with growing up in a better-educated household and a corresponding penalty for being raised in a less-educated family.
Redknapp did admit that he feared QPR would be priced out of a move having been relegated at the end of last season, although they have offloaded names such as Djibril Cisse, Loic Remy and Christopher Samba to lessen their hefty wage bill.
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Companies like U.S. Steel, General Motors and Ford could easily afford to pay hefty wages because they dominated their markets.
So often disappointing despite costing the club £7m in 2007 and hefty wages ever since, for once the Nigeria forward looked dangerous every time he cut in from the left.
Rybolovlev can offer players not just hefty wages, the chance to hobnob with other rich sportspeople, and the excitement of living in a sunny place that takes just 45 minutes to walk across (more, if you stop for lunch): he can offer them liberation from the petty annoyance of income tax.
They garnered monthly stipends from the government for enrolling in college, and upon graduation were guaranteed a spot on the public payroll with hefty wages and a 10 a.m. to 2 p.m. workday -- basically a license to sit at home and do nothing.
Britain's small, regular changes may be easier for firms to absorb than America's infrequent but hefty minimum-wage increases.
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