Sentence examples for wage setters from inspiring English sources
"Unless they unionize more of the automotive work force in the country, they will become wage takers, not wage setters".
In order to be wage setters, employers need some market power in order to fix the wage.
Research on the interaction between wage setters and central banks has shown that the classical dichotomy of monetary policy models in the tradition of Barro and Gordon [Journal of Political Economy 91 (1983) 589] does not hold if an inflation motive of wage setters is introduced.
Different from developed economies, public sectors in HRCs typically act as wage setters [20, 30, 31], shaping nationals' general expectations regarding salaries and work conditions.
We then define as time-dependent wage setters those companies that, when asked whether they typically implement wage changes at predetermined times of the year, answered positively (and indicated when, though this last piece of information is not used here).
Lucas pointed out that it was the equivalent to assuming that wage-setters would keep expecting inflation in the future to be the same as the past and would not change in response to government policy.
Look, I know the theoretical literature here; I realize that it's coming from Barro-Gordon and all that, which suggests that price- and wage-setters will be more willing to exercise restraint if they believe that the central bank is independent and firmly committed to price stability.
"The bank has made a conscious shift to focus more on wage and price-setters around the economy, and not only financial markets," said Julian Callow, chief Europe economist at Barclays Capital in London.
A leveling of wage growth also persuaded rate setters to lower borrowing costs, Mr. Simor said.
When people think that inflation will stay low, price-setters and wage-negotiators act accordingly, creating a virtuous circle.
Once price-setters and wage-bargainers believe that the central bank means business, monetary policy gains extra clout.In principle, the same trick should work if the economy is suffering from deflation rather than high inflation.
