The phrase "wage cost" is correct and commonly used in written English.
It refers to the amount of money that a company or organization pays its employees. Example: The company's main goal is to reduce wage costs in order to increase profits. Another example: The government's report showed a rise in wage costs due to the increase in minimum wage.
Had the companies considered their options a wage cost, their 2000 earnings would have been reduced an average of 60percentt.
In my desire to make a point, I included the wage cost of both workers involved as additional expense of training, when I should have been sufficiently appalled by the value of the lost production.
Take-home wages have remained stagnant and, in some years, have even declined over the past decade (see chart).At the same time, the aggregate wage cost that firms bear has fallen sharply as expensive baby-boomers retire and cheap, non-regular employees take up the slack.
Nonetheless, in some combination, wages for the low-paid would be bid up and unemployment among them would be reduced.Because Mr Phelps's proposed subsidy is very large, amounting to at least 75% of the pre-subsidy wage cost for the lowest-paid workers, the effects would be correspondingly dramatic: the pay and employment prospects of the least productive would be transformed.
He is frank in admitting that one attraction for him in recruiting them is that their wage cost is inexpensive but, more crucial, he stresses, has been their capacity to inject energy and enthusiasm not just into pupils but also into a staffroom where uncertainty about the future had taken its toll on morale.
"At the end of the day, the question remains: If US Airways gets 50 or 60percentt of the wage cost reductions they insist they need, do they still have a credible proposal to support a loan guarantee?" said Sam Buttrick, an analyst at UBS Warburg.
Wage costs are creeping up.
And their profits are still quite sensitive to wage costs.
(That amounts to paying higher logistical costs in order to escape higher wage costs).
Wage costs are increasing, and wage costs are sticky, so once they get embedded in the system, it's not so easy to get them out," he said.
Both the core rate of inflation and the increase in wage costs have edged up this year.
