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Increases in worker productivity so far have outstripped wage and benefit growth in recent months.
Continuing increases in worker productivity add yet more to the surplus.
Wherever you're working, you're experiencing skyrocketing increases in worker compensation rates and I pledge to you I will sign a bill this year that will stop those increases.
Richard D. Rippe, chief economist of Prudential Securities, said that strong growth in jobs might not occur until the end of the year, because of increases in worker productivity.
By the second half of the 20th century, enormous increases in worker productivity fostered by mechanization and the factory system had yielded unprecedentedly high standards of living in industrialized nations.
However, he finds only moderate evidence of increases in worker flows and hirings and no evidence that the higher levels of firm performance then lead to higher wages.
Similar(41)
Jobs have not followed growth, the committee wrote, because of increases in workers' productivity.
So what happens to pay rituals when increases in workers' living standards come mainly from falling prices?
Unions argued that the coalition government was "coming for public sector pensions" and had already pre-empted Hutton by demanding over 50% increases in workers' contributions just as they face pay freezes and "massive" rises in the cost of living.
Transit officials denied the accusations about raiding the pension fund, and said their offer — raises totaling 11.5percentt spread over five years with no raise in the first year, coupled with increases in workers' pensions — was generous.
Mr. Walker has maintained that increases in workers' contributions to their pensions and health care plans as well as major reductions in the collective bargaining rights of public sector unions are needed to close a budget gap.
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