Definitions for wage growth
wage growth

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1. Wage growth

   Wage growth (real wage growth) is a rise of wage adjusted for inflations, often expressed in percentage. In macroeconomics, wage growth is one of the main indications to measure economic growth for a long-term since it reflects the consumer's purchasing power in the economy as well as the level of living standards. An increase in wage growth implies price inflation in the economy while a low wage growth indicates deflation that needs artificial interferences such as through fiscal policies by federal/state government. Minimum wage law is often introduced to increase wage growth by stimulating price inflations from corresponding purchasing powers in the economy. Wage growth can also be maximised through the development of industry factors by investing skilled workers in which decision made by businesses. More financial compensation for skilled workers not only lifts wage growth but stimulates higher market prices in the economy. While a weak productivity influences a low wage growth, identified a long-term factor, a short-term problem for low wage growth is often identified as the spare capacity in the labour market. By the lower unemployment rate given by the more opportunities from the spare capacity in the labour market creates less competitiveness amongst the labours, which reduces wage growth. In order to achieve consistent strong wage growth and sustainable economic growth, high productivity is the key determinant. Higher labour productivity (measured by GDP per worker) stimulates price inflations in resulting in a rise in real wage growth. One of the major factors for the recent sluggish wage growth in advanced countries is caused by their lower labour productivities.

How to pronounce wage growth?

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How to say wage growth in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of wage growth in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of wage growth in Pythagorean Numerology is: 1

Examples of wage growth in a Sentence

1. Chief Financial Officer Brett Biggs:

   The consumer remains in pretty good shape, employment situation is good, fuel prices are low … wage growth is pretty good.

2. Bryan Koslow:

   There are a lot of questions about inflation because you see it in everyday life, but we may have seen the peak, especially in terms of wage growth.

3. Jason Faberman:

   We do still want quits to continue to pick up because wage growth will go with it.

4. San Francisco:

   In response, businesses hold back wage increases and wait for inflation and productivity growth to bring wages closer to their desired level. Since it takes some time to fully exhaust the pool of wage cuts, wage growth remains low even as the economy expands and the unemployment rate declines.

5. Marvin Loh:

   We are of the thinking that the strong economic gains make a September hike a likely event, without an acceleration of wage growth, a fourth hike at the end of the year is a more difficult call and futures shows that hesitation, placing just 50 percent odds on that event.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Wage_Growth