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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’
- ‘During the ensuing period of falling prices, money wages still rose slightly, and real wages increased by almost 2% a year.’
- ‘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.’
- ‘This is economically equivalent to wage laws because, from the point of view of the employer, working conditions are almost indistinguishable from 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.’
- ‘The recent past has seen money wages rising since the investment boom of the post-Second World War period.’
- ‘Operatives more readily valued ‘fringe benefits’ - those enticements directly linked to money wages - than amenity improvements.’
- ‘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.’
- ‘He then proposed to show that since consumer prices had risen less than money wages, real wages had risen.’
- ‘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.’
- ‘Indeed, high money wages did not automatically equate to high labour costs.’
- ‘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.’
- ‘Rational behavior suggests that suppliers of labor respond to real wages, rather than 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.’
- ‘Money wages per job may not rise much, but money wages times jobs ought to, the Chairman knows.’
- ‘Postwar macroeconomic policies were dedicated to ‘full’ employment, without any evidence that money wages would not get in the way.’
- ‘Market forces will ensure that the insurance premium savings will be passed on to workers in the form of higher money wages.’
- ‘Keynes argued that more flexible money wages might not be a stabilizing force, but rather have the opposite effect.’
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