Debates about the economic role of wages have intensified in recent years. At the firm level, an increase or decrease in wages affects production costs and has consequences for profitability, sustainability and competitiveness. At the country level, the net effect of higher or lower wages depends on the direction and relative magnitude of the effects of wages on household consumption, investment and net exports. In the Eurozone, concerns over deficits in aggregate demand arising from insufficient household consumption have focused more attention on wages, and many commentators have pointed to the decline or stagnation of wages as increasing the risk of deflation. In some emerging and developing economies, more attention has been devoted to wages as a key component of overall strategies to reduce poverty and inequality.
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Publisher:
ILO
,
(2015
) |
Type / Script:
Annual Report
in English
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Keywords:
INCOME INEQUALITY, WAGES, LABOUR MARKET, POVERTY MITIGATION, WAGE GROWTH, WAGE INEQUALITY, LABOUR PRODUCTIVITY GROWTH, ECONOMIC GROWTH, MIGRANT WORKERS, WAGE DISTRIBUTION, COLLECTIVE BARGAINING, WAGE MODERATION, POLICY MAKING, EMPLOYEES, SELF EMPLOYMENT, EDUCATION, INFORMAL ECONOMY, MINIMUM WAGE, WAGE POLICY, SOCIAL PROTECTION, SOCIAL SECURITY, AGRICULTURE, INCOME INEQUALITY, INEQUALITY OF INCOME, INCOME DISTRIBUTION
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Thematic Group:
ILO
:
International Labor & Labor
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Thesaurus:
12.03.00
- Conditions Of Employment
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Reference Link:
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