Word: wages
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...down the hierarchy, causing some to dub it la cremallera (the zipper). He canned the previous government's pharaonic €4 billion plan to divert water from the Ebro River in the north to drier regions further south, proposing a more modest desalinization program instead. He increased the minimum wage, pledged to do the same for pensions, and launched an unprecedented war against the dark side of Spanish machismo, stiffening laws against domestic violence and proposing the legalization of gay marriage and rapid, no-fault divorces. A radical democrat committed to feminism is a major departure for Spanish politics, where...
...beyond the three-year election cycle? Although some may grumble about the 10% goods and services tax introduced in 2000, it was a necessary adjustment and modernization of the tax system that required bureaucratic toil and a willingness to take political risks, but not great courage or imagination. Reforming wage bargaining and introducing user-pays for education and health across the board have been done gradually. A fairly benign, mainly symbolic, deal such as the Free Trade Agreement with the U.S. is a metaphor for the Howard-Costello way: a second-order reform is sold with five-star trimmings...
...dead wrong about the necessary surplus of winnings over losings.” And what of the economic benefit of lower priced goods for American consumers? “Being able to purchase groceries 20 percent cheaper at Wal-mart does not necessarily make up for the wage losses...
...rippling throughout the economy--transport costs are partly to blame for $4 gallons of milk--but so far most families have managed by cutting corners elsewhere. Economists have been impressed by consumers' resilience, although they are concerned about how much longer families can absorb the price shocks, especially as wage growth slows. Since January wages have plodded along at 2% growth, about half the rate in 2000, says Ken Goldstein of the Conference Board...
...What the federal minimum wage, currently $5.15, would be if it had grown at the same rate since...