With lower inflation than our competitors, we can still increase our real wages through lower nominal wage increases than in other countries,
22.
This year's " nominal wage increases were so high because the private sector did not believe the 13 percent official inflation target,"
23.
Workers have not yet recognized the extent to which their rising productivity has not yet been matched by increases in nominal wages,
24.
In the crisis, the exchange rates of many countries have fallen sharply, but their nominal wages have not gone up to compensate.
25.
If nominal wages and prices were " perfectly flexible ", they would always adjust so that there would be equilibrium in the economy.
26.
In this case, however, real wages can be depressed ( and Beveridge full employment restored ) if prices rise relative to nominal wages.
27.
Should, at that point, labor market tightness result in faster growth of nominal wage rates, there would be no offset from accelerating productivity.
28.
However, to Keynes, people will resist nominal wage reductions, even without unions, until they see other wages falling and a general fall of prices.
29.
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.
30.
Wages of labourers were high, but the rise in nominal wages following the Black Death was swamped by post-Plague inflation, so that real wages fell.
