productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …

productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …

The rarity with which firms reduce nominal wages has been frequently observed, even in the face of considerable … incidence of wage cuts and to assess the relevance of a range of potential reasons for why they avoid cutting wages. Concerns …

often avoid increasing wages, as it decreases the profit of the company, and seek to increase the turnover in order to …