Economists of the monetarist school hold that the ability of a maximum wage to limit inflation is false; instead they believe that inflation is controlled by growth in the money supply according to the quantity theory of money, rather than through growth in actual wages.
22.
United, a unit of the UAL Corp ., clarified on Tuesday that the actual wage and benefit cuts negotiated with its employees would total $ 5.2 billion in the next five and a half years, once it reduces its flight schedules, as it has announced it will do through next year.
23.
United, a unit of the UAL Corp ., clarified on Tuesday that the actual wage and benefit cuts negotiated with its employees would total $ 5 . 2 billion in the next five and a half years, once it reduces its flight schedules, as it has announced it will do through next year.
24.
The law of rent explains why the iron law of wages consistently fails to predict actual wages : if there are highly productive land sites available free, wages will tend to be high, all things else being the same; if the only available free land yields little, wages will tend to be lower.
25.
Such an argument is better directed at Congress or the OWCP Director than at the courts; and it is based on a misconception of the LHWCA and the instant holding, for a change in wage-earning capacity will occur with a change in actual wages only when those wages fairly and reasonably represent such capacity.
