Finally after deriving the micro Laffer curves of individuals who differ in their wage rate
and demonstrating how the multi-peaked aggregate macro Laffer curve is derived, we devote the last section to a discussion of some possible implications and conclusions.
Thus, he claims that: "if men and women differ only in given market wage rates
- each man and each woman is assumed to be identical in all other market and household traits - aggregate output is maximized by a perfect negative assortative mating of these wage rates
, which maximizes the gain from the division of labor" (Becker, 1981, p.
* Less than .01 percent of 64,850 union wage rates
were more than 10 years old, while 10 percent of the 69,888 nonunion wage rates
were more than 10 years old; and,
Unison has long campaigned for the real living wage rate
to be paid across the whole Welsh public sector.
In country H, output per worker is equal to one unit of good C, which in the market can be exchanged for one unit of good B; hence, a worker produces one unit of good B indirectly; therefore, the real wage rate
(equal to output per worker) is one, measured in units of good C or B.
Employees are protected from being dismissed for taking action to enforce their right to be paid the National Minimum Wage (including the new National Living Wage rate
The latter, in turn, depends positively on the wage rate
Head of Citizenship at Nationwide, Stephen Uden commented "We welcome today's new Living Wage rate
announcement which gives people the opportunity to earn enough to provide for themselves and their families.
Supermarkets Lidl and Morrisons have recently committed to increase staff pay to the Living Wage rates
while British Gas, National Grid, Centrica, Good Energy and SSE pay the rate.
Speaking at the 9th MGNREGA Divas here yesterday, Ramesh said, MGNREGA wage rate
has already been linked to Consumer Price Index and the yearly revision follows from it.
Such a dialogue should take place, he said, before laws are discussed regarding the implementation of a minimum wage rate
Dr Adam Marshall, Director of Policy at the British Chambers of Commerce (BCC), said: We are disappointed that the government has chosen to raise the adult National Minimum Wage rate
by 1.9%, an increase that is over 50% higher than current average pay growth.