The agency said monthly nominal wages in manufacturing for the Philippines reached $ 291 . 7 million, compared with Indonesia's $ 111 . 90 and Thailand's $ 168 . 60.
42.
He noted that nominal wage growth on a year-over-year basis has been decelerating even as inflation is increasing, which is bad news for an economy so dependent upon consumer spending.
43.
When workers regain their nerve at the bargaining table, " efforts to achieve real wage gains at least commensurate with productivity improvements may exert pressures toward faster nominal wage increases,"
44.
The largest nominal wage increases were in community services, up 13 . 8 percent from the year before, and in the electricity, gas and water industries, up 13 . 4 percent.
45.
According to a general wage accord reached last year and which runs until next year, nominal wages are expected to increase by 3 . 8 percent in 1996, Den Danske Bank said.
46.
The last time nominal wage increases failed to keep pace with the previous year's increases was 1995, when the yen was hovering around 80 to the dollar and Japanese exports were extremely expensive.
47.
At some point, labor market conditions can become so tight that the rise in nominal wages will start increasingly outpacing the gains in labor productivity, and prices inevitably will then eventually begin to accelerate,
48.
The tight labor market was a factor in productivity gains allowing workers to maintain or increase their nominal wages during the secular deflation that caused real wages to rise in the late 19th century.
49.
That has not happened yet, this argument goes, because most people believe that inflation in the longer run will be less than 3 percent, and nominal wage gains will turn back into real ones.
50.
In contrast to John B . Taylor's model where the nominal wage is constant over the contract life, in Fischer's model the union can choose a different wage for each period over the contract.
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