Wage Resistance

Wage Resistance

Opposition to reductions in wages or salaries. Employees apply wage resistance out of self-interest. Employers often try to avoid cuts, whether for personal or practical reasons. Wage resistance comes to the forefront in union negotiations or when a company is facing losses or lower profits.
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If only complete innocence is worthy of support and advocacy, then it becomes difficult to wage resistance against mass incarceration, for instance, or state violence and racial profiling.
Was their electoral victory in 2006 a democratically-sanctioned mandate to wage resistance or broker a peace deal?
Wage resistance seems to have disappeared in all regions ...
However, based on various empirical estimates on wage behaviour there seems to be no compelling evidence of significant real wage resistance (i.e.
While the apparent absence of real wage resistance since the mid-1990s may be due to structural changes (associated with labour market reforms and central bank credibility), it may also reflect the absence of large adverse shocks between then and the recent past.
Real wage resistance in response to commodity price shocks
This will drive the real consumption wage below the real production wage, potentially generating real wage resistance. If there is real wage resistance to a commodity price increase (decrease) then the initial fall (rise) in the real consumption wage will provoke a compensating increase (decrease) in nominal wages and hence real wage costs.
If the wedge affects the wage costs, this is usually referred to as real wage resistance. Many empirical studies assume a priori that [[Mu].sub.3] = 0.
Compensating wage differentials and real wage resistance
The significant effect of the change in the wedge indicates the existence of short-run real wage resistance. But there is no evidence of real wage resistance in the long run.
The results imply no long-run real wage resistance, and the short-run effect of consumer prices is very small.
Finally, consumer prices, payroll taxes and normal working time affect wages in the short and medium run, but there is no long-run real wage resistance. Hence, the main long-run determinants of industry wages are the outside wage and the industries' ability to pay.