One bit of good news in the BCC report was that a minority (45%) of the 5,000 participants expected their prices to increase in the current third quarter of the year. That compared to a 55% reading during the first three months of 2023. BCC director general Shevaun Haviland ...
The data released by the Central Statistical Bureau of Latviashow that the average monthly gross wage of employees reached 1091 euro in the third quarter. The average gross wages and salaries grew by 8.3% y-o-y in the third quarter of 2019, recording a higher increase than in the first tw...
though it encourages member states to increase it to at least 18 weeks. At 26 weeks, India is set to join the league of 42 countries where maternity leave exceeds 18 weeks. It, however, falls behind several East European, Central Asian and Scandinavian countries, which have ...
1For instance, MWs were the central topics of the (successful) election campaigns of the UK Labour Party (in 1997) and the Social Democratic Party of Germany (in 2013 & 2021). Olaf Scholz, now German chancellor, acknowledged in 2021 that raising the German MW to 12 EUR (an increase of...
McDonald's profits were over $5.5 billion in 2011. The burger (9) ___ did say that an increase in wages would mean more expensive burgers. America's National Restaurant Association said the wages were (10) ___ because the staff are young and have (11) ___ work experience. It said:...
The company employs 10,000 people at its headquarters, mostly in R&D, marketing and business planning, the report noted. The increase will go into effect in July, though the company has yet to decide on the exact amounts of the raises. ...
While few would argue that living longer is an attractive idea, the rapid increase in the number of years begs a question: Can our health expectancy be as close as possible to our life expectancy? Predictions for future health expectancy have changed over the past few decades. In the 1980s...
Footnote 5 In particular, Baldwin and Harrigan (2007) find that unit prices of exports tend to increase with the remoteness of destination markets. They also show that previous standard firm-heterogeneous trade models without quality differentiation are inconsistent with this evidence. The reason is ...
Note that, because of the fixed-coefficients assumption on output technology, effective inputs are complements in production, and therefore any increase in the labor-augmenting parameter \(A\) shifts the demand for labor inwards. Even if we assumed a smooth production function, however, the result...
“You don’t see [a wage-price spiral] yet. But the whole point is . . . once you see it, you have a serious problem,” Jay Powell, the US Federal Reserve chair, told reporters after the Fed’s latest interest rate increase, adding: “That’s what we can’t allow to ...