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Exact(17)
Companies will then raise prices to cover the higher wage costs.
The answer is that firms find other ways to absorb higher wage costs.
(That amounts to paying higher logistical costs in order to escape higher wage costs).
Other options for retailers to offset higher wage costs included reducing staff discounts and making pensions less generous, he said.
Steep cuts in public sector jobs have taken their toll alongside fears of higher wage costs from the living wage.
She added that there was "a real risk that councils will struggle to cover" the increased contract costs, which will pass on higher wage costs to councils.
Similar(43)
No, it's not productivity or high wage costs, as many suspect, but high interest rates.
But high wage costs have scared away other investors.Why is Zambia so expensive?
Italy's exporters are struggling with high wage costs and a strong euro.
The popular notion that high wage costs have left Germany uncompetitive no longer seems to be true.
A bigger fear is that Spain will not recover from recession with any vigour because, like Greece, it is hampered by high wage costs and a rigid economic structure.Optimists point out that the problem of cost competitiveness is exaggerated.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com