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Trade leads to the transfer of knowledge and greater productivity, which raises wages.
But if the private sector raises wages anyway, central banks are reluctant to tighten policy and cause unemployment.
The airline reached an accord on Saturday that raises wages for attendants by 11percentt during the five-year contract.
It is one of the most effective ways to lift wages because raising the floor also raises wages higher up the income scale.
Commentators and academic economists have claimed that college doesn't merely help individuals get higher-paying jobs; it raises wages throughout the economy and helps ameliorate rising inequality.
The contract, negotiated by 1199, New York's Health and Human Service Union, raises wages for the lowest-paid workers to $12.86 an hour from $7.75 over four years.
Similar(34)
Second, Foxconn has raised wages.
In one sense raising wages is as easy as raising wages.
He said he then raised wages.
In the short term, collective bargaining can raise wages.
"The union will support us in pushing to raise wages.
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