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Comments on: Falling wage rates: Should we be concerned? http://www.tvhe.co.nz/2009/11/11/falling-wage-rates-should-we-be-concerned/ The Visible Hand in Economics Tue, 17 Nov 2009 03:49:29 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: leo http://www.tvhe.co.nz/2009/11/11/falling-wage-rates-should-we-be-concerned/#comment-21874 Tue, 17 Nov 2009 03:49:29 +0000 http://www.tvhe.co.nz/?p=4442#comment-21874 reduced wages,we must be concerned!

]]> By: elang http://www.tvhe.co.nz/2009/11/11/falling-wage-rates-should-we-be-concerned/#comment-21833 Wed, 11 Nov 2009 07:14:27 +0000 http://www.tvhe.co.nz/?p=4442#comment-21833 reduced wages, may be better able to defend the company to continue to teach employees, so the economy will remain stable and worked well, for it in the workers’ awareness demanded to stay

]]> By: Grant http://www.tvhe.co.nz/2009/11/11/falling-wage-rates-should-we-be-concerned/#comment-21831 Wed, 11 Nov 2009 01:25:46 +0000 http://www.tvhe.co.nz/?p=4442#comment-21831 If wages for the same job are falling doesn’t that mean that productivity is increasing? Don’t we need to increase productivity to raise our standing in the OECD?

]]> By: Richard Stone http://www.tvhe.co.nz/2009/11/11/falling-wage-rates-should-we-be-concerned/#comment-21829 Tue, 10 Nov 2009 22:42:04 +0000 http://www.tvhe.co.nz/?p=4442#comment-21829 “As a result, the fact that wage rates have been able to move downwards is a good thing” – I agree with you on this. People may not be making as much as they used to, but at least they are still making something. Once the full recovery is underway, wages will return to normal and begin growing again (I hope).

]]> By: Peter Cresswell http://www.tvhe.co.nz/2009/11/11/falling-wage-rates-should-we-be-concerned/#comment-21828 Tue, 10 Nov 2009 21:50:38 +0000 http://www.tvhe.co.nz/?p=4442#comment-21828 “The less sticky wages are, the less unemployment the economy faces. As a result, the fact that wage rates have been able to move downwards is a good thing – it suggests that the economy has been able to adjust and keep more people in work.”

Well said. Glad someone’s saying it.

And if stimulunacy wasn’t keeping up prices real wages might even be allowed to rise, even if money wages don’t. And if stimulunacy wasn’t propping up bad positions, we might have a chance at a real recovery.

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