In other countries, the Bank notes ruefully, prices and wages tend to follow one another quite closely.
Market forces may reduce the real value of labour in an industry, but wages will tend to remain at previous levels.
Over time, wages tend to rise considerably faster than prices, so the benefits of these workers would be much lower than under current law.
For these people, jobs in the rapidly growing service sector are available, though wages tend to be lower.
When two countries enter a free trade agreement, wages for identical jobs in both countries tend to approach each other.
Conversely, wages tend to go up with a decrease in population.
His work focused on British data and observed that in years when the unemployment rate was high, wages tended to be stable, or possibly fall.
When benefit costs are pushed up by either market forces or government mandate, wages tend to go up more slowly.
Equation (1.6) shows that long-term wages tend to subsistence level.
But the bureau's wage and employment data tend to confirm the survey's findings.