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Deflation
Cory Rohan
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What does not reduce wages?
Deflation
How is real wages measured?
real wage is
How did real wages change in the US in the late 1800s compared to real wages in England?
They rose less than in Britain, France, and Germany. Wages in both countries increased.
What reduces real wages?
Deflation
Are Social Security Administration taxable wages reduced by pretax deduction?
It depends on the deduction. Most common deductions such as medical premiums reduce SS taxable wages. But salary-deferal types of deductions do not. For example, employee contributions to a 401lk or Simple IRA do not reduce SS taxable wages.
How can inflation negatively affect real wages?
It simply means that if inflation increases and real wages stay the same, it will take you more money to buy the same amount of goods and services. Inflation affects real wages because it reduces your purchasing power, assuming your real wage stays the same.
The term real wages refers to wages that are?
an indication of an individual's actual purchasing power.
The actual purchasing power of income is called?
Real wages
What are real wages?
an indication of an individual's actual purchasing power
Between 1860 and 1890 real wages in the US?
Increased by half
Why does globalization give countries an incentive to reduce wages or their workers?
Lower production costs help lure foreign
Why did real wages finally began to rise in England in the 1830s?
Real wages began to rise in England in the 1830s due to several factors. One of the key factors was the Industrial Revolution, which increased productivity and created more demand for workers. This led to higher wages as employers competed for labor. Additionally, labor legislation and organized labor movements also played a role in improving working conditions and negotiating better wages for workers.
