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Among 11 persons interviewed on wage employment, only one was a woman.
In the Netherlands, the level of work disability is assigned to one out of four categories, depending on wage loss or sustainable absence of functional abilities.
These underemployed are also pushing down on wage growth.
The most striking data, however, has been on wage growth.
They ended with an agreement on wage policies.
Right now, each new pensioner receives a benefit based on wage inflation over his working life.
The ONS data on wage growth was also weaker than many expected.
But wait — how can a zero lower bound on wage changes explain rising wages?
That would increase Social Security taxes by 2 percentage points on wage income below $113,700.
The prolonged squeeze on wage growth since the recession has repeatedly led to disappointing tax receipts.
But after a while, workers would insist on wage hikes, and companies would jack up prices.
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