0 used to describe jobs for which or places in which workers are paid little: --
They are lowering costs by moving production to low-wage countries.
It also provides unusually generous support services, including subsidized health and child care for the entire low-wage working population.
First, it distorts the incentive to save : in particular, making saving unappealing for low-wage workers who expect to retire on a low income.
In other words, centralization not only empowers low-wage unions, but also makes them more likely to demand redistributive wage settlements.
At the low-wage equilibrium, the increase in internal finance from transfers is important relative to wage income.
With no privatization transfers, the economy can only approach the low-wage steady state, which is thus a form of poverty or development trap.
In the 90-10 regression, the signs of the coefficients for low-wage trade and private service employment are contrary to our expectations.
A large number of low-wage workers does not offer a basis for a sustained economic recovery.
It is because of the duties that even middle-class low-wage workers should be paid a minimum wage.
