"We'll have to pay higher wages, more taxes and then we will have to charge more.
So making wages more flexible, say, does nothing except worsen balance sheet problems.
Over the same period, pay climbed in many other countries, making American workers' wages more competitive.
Labour groups have become vocal, demanding better job protection, higher wages, more benefits.
Across the advanced economies, employment appears less secure, wages more subdued, and inequality more pronounced".
Across the advanced economies, employment appears less secure, wages more subdued and inequality more pronounced," Carney said.
Workers who start with low wages more often get stuck with them for a very long time.
These companies also provide higher wages, more training, and broader benefits to employees and spend more money to limit pollution.
Oh, and someone is sure to chime in and say that this proves that the solution to unemployment is to make wages more flexible.
Living standards would rise more quickly, the OECD argues, if the government reformed product markets, to promote competition, and labour markets, to make wages more flexible.
From further to the left on the political spectrum, there have been calls for tougher labor laws to spur higher wages, more income distribution, and centrally-directed investment.
