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Restoring competitiveness requires reducing wages relative to Germany.
It's widely understood that abundant low-skilled immigration hurts lower America by reducing wages.
The computer industry took advantage of that glut by reducing wages.
Instead they must adjust by painfully reducing wages and prices relative to those of others.
But much of the task lies in reducing wages and prices.
Too many companies think that laying people off or reducing wages is the best way to turn a profit.
Similar(18)
Employers apparently took advantage of this surplus in professional, technical and managerial workers by reducing wage offers.
In our study, this policy aims at increasing Red wages and consequently reducing wage gap.
Or reduce wages.
True, a rapid burst of immigration might temporarily reduce wages.
High unemployment and reduced wages have suppressed recovery.
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