Eventually, workers discover that real wages have fallen, so they push for higher money wages.
2.
However, Phillips'original curve described the behavior of money wages.
3.
Falling prices did not mean falling money wages.
4.
But one thing they don't do is cut money wages, except in the rarest of circumstances.
5.
Alternatively, people could wait for the persistence of high unemployment to eventually cause money wages to fall.
6.
With present labor policies, there would be a strong tendency for money wages to keep pace with technological progress.
7.
Money wages will increase a bit, but in quite a lot of areas the increase in consumption will come from lower prices.
8.
At the same time, serfdom was gradually withdrawn and replaced by money wages ( 15 grosz per one day of work ).
9.
For example, we might introduce the idea that workers in different sectors push for money wage increases that are similar to those in other sectors.
10.
Then, if workers and employers expect higher inflation, it results in higher inflation, as higher money wages are passed on to consumers as higher prices.
How to say money wage in Hindi and what is the meaning of money wage in Hindi? money wage Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
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