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Income expressed in terms of its monetary value, with no account taken of its purchasing power.‘negotiations over pay are about changes in money wages since unions do not negotiate with employers about the prices of the products they produce’
- ‘In such a model, given some flexibility of prices and money wages, the self-adjusting mechanism would return the economy to full employment after a demand shock that was not too large.’
- ‘Under a gold standard, there would be a modest rate of increase in the quantity of money, which would probably be accompanied by falling prices and rising money wages.’
- ‘Money wages per job may not rise much, but money wages times jobs ought to, the Chairman knows.’
- ‘Rational behavior suggests that suppliers of labor respond to real wages, rather than money wages.’
- ‘They require that the workforce does not seek to regain their immediate real standards of living through higher money wages when faced with an increase in direct taxes.’
- ‘Keynes argued that more flexible money wages might not be a stabilizing force, but rather have the opposite effect.’
- ‘Postwar macroeconomic policies were dedicated to ‘full’ employment, without any evidence that money wages would not get in the way.’
- ‘Operatives more readily valued ‘fringe benefits’ - those enticements directly linked to money wages - than amenity improvements.’
- ‘Market forces will ensure that the insurance premium savings will be passed on to workers in the form of higher money wages.’
- ‘Unfortunately, due to the subsistence nature of the economy, 96 percent of the labor force does not receive money wages, and only a small percentage of the population participates.’
- ‘In an industry as heavily casualized as construction, it is not surprising to find that a very real preoccupation existed with money wages.’
- ‘The worker does not suffer a cut in money wages but he has to pay more for the goods he wants to buy.’
- ‘The recent past has seen money wages rising since the investment boom of the post-Second World War period.’
- ‘At the same time, money wages had risen to reflect the contraction of the wage-labour force after 1348, and food prices had fallen in reply to reduced market demand.’
- ‘Indeed, high money wages did not automatically equate to high labour costs.’
- ‘During the ensuing period of falling prices, money wages still rose slightly, and real wages increased by almost 2% a year.’
- ‘This is economically equivalent to wage laws because, from the point of view of the employer, working conditions are almost indistinguishable from money wages.’
- ‘He then proposed to show that since consumer prices had risen less than money wages, real wages had risen.’
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