money wages


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Money Wages

The dollar amount of an hourly wage, without regard for purchasing power, inflation, or other factors that may affect a wage's value. See also: Real Income, New York Dollar.

money wages

WAGE RATES expressed in terms of current MONEY values. An increase in the general level of prices that is not matched by an equivalent rise in money wages, either because of MONEY ILLUSION on the part of the labour force or because employers refuse to grant money wage increases, will cause REAL WAGES to fall; that is, an unchanged money-wage rate will now buy fewer goods and services at the higher level of prices.
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3) Flexible labour market era--1983-present: Considerable periods well below high (let alone full) employment; much greater variation in changes of average money wages by industry; above the Salter rule in relatively high productivity, expanding industries; below the Salter rule in relatively low productivity, declining industries.
The systemic downside of flexible labour market regimes: Salter revisited
Like Phillips, Samuelson and Solow looked at sub-samples, noting that money wages rose or failed to fall during the high unemployment era of 1933 to 1941, which they suggested might be due to the workings of the New Deal.
The Phillips curve and U.S. macroeconomic policy: snapshots, 1958-1996
W Phillips (1958) analyzed the relationship between money wages and unemployment in the United Kingdom between 1961 and 1957.
The great inflation: inflation, inflationary expectations, and the Phillips cycle 1960-2002: improvements in monetary policy tamed inflation once--can they do it again?
Children who did not earn money wages received food and lodgings, but the two types of remuneration did not necessarily exclude each other; about 10% of all children earning a money-wage also lived with their employer.
Between wage labor and vocation: child labor in Dutch urban industry, 1600-1800
To sum up: The completed theory of activity that incorporates the above modeling of natural unemployment into the 1960s modeling says that employment increases in either or both of two ways: Increased effective demand lifts employment off its present equilibrium path and actual money wages climb above their expected path.
Macroeconomics for a modern economy
Keynes always understood that unemployment was a result of real wages that were too high, but he simply assumed that money wages could not be reduced because of unions and other causes of wage "rigidities.
Hayek on labor unions: economic and social consequences
This censoring occurs because of workers' reluctance to take cuts in money wages (and perhaps also firms' reluctance to give them).
Unfinished business in the macroeconomics of low inflation: a tribute to George and Bill by Bill and George
Some employees may consider nominal wage cuts insulting or unfair, so that money wages may be sticky downward.
Stabilization policy: a reconsideration
And he warned that the adverse effect of the rise in the oil prices on consumers' purchasing power could not be avoided; that inflation would be "above target" in the short-term, and that attempts to claw back lost purchasing power by bidding up money wages would only result in higher unemployment.
Oil, inflation, wages: The governor speaks
The other way employees pay, and usually this applies for the much larger share of insured workers (about 75 percent on average), is in the form of lower money wages.
How private health insurance pools risk
The second part is institutional and is divided into two sections: Chapter III on money wages and non-wage benefits and Chapters XI and XII describe wage administration.
Bergson's structure of Soviet wages
Ordinarily, an independent increase in money wages (costs) of Memphis firms will result in increased spending by those who receive the increased wages in markets other than those serviced by Memphis firms--an increase in the leak.
The myths of the living wage

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