to lower wages

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• Lower 48 — Lower For|ty eight or Lower 48 «FR tee AYT», U.S. the forty eight states of the continental United States excluding Alaska: »People [leave] Anchorage and Fairbanks…Some, of course, are interested only in a year or two s work, then to return with… …   Useful english dictionary

• Lower For|ty-eight — or Lower 48 «FR tee AYT», U.S. the forty eight states of the continental United States excluding Alaska: »People [leave] Anchorage and Fairbanks…Some, of course, are interested only in a year or two s work, then to return with saved high wages to …   Useful english dictionary

• Lower — Low Low (l[=o]), a. [Compar. {Lower} (l[=o] [ e]r); superl. {Lowest}.] [OE. low, louh, lah, Icel. l[=a]gr; akin to Sw. l[*a]g, Dan. lav, D. laag, and E. lie. See {Lie} to be prostrate.] [1913 Webster] 1. Occupying an inferior position or place;… …   The Collaborative International Dictionary of English

• lower-class low-class — blue collar lue collar adj. 1. of or designating work or workers in industry not requiring well groomed appearance. [Narrower terms: {industrial}] {white collar} [WordNet 1.5] 2. of those who work for wages especially manual or industrial… …   The Collaborative International Dictionary of English

• Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …   Wikipedia

• List of minimum wages in Canada — Under the Constitution of Canada, the responsibility for enacting and enforcing labour laws, including minimum wages in Canada, rests with the ten provinces as well as the three territories also having been granted this power by virtue of federal …   Wikipedia

• List of minimum wages by country — The list below gives the official minimum wage rates in 197 countries and territories: 192 United Nations member states (does not include South Sudan, which gained independence in July 2011), plus the Republic of China (Taiwan), Northern Cyprus,… …   Wikipedia

• List of U.S. minimum wages — See also: Minimum wage in the United States Minimum Wage by U.S. state and U.S. territory (American Samoa, Guam, Puerto Rico, Virgin Islands), as of Jan. 1, 2011 …   Wikipedia

• Subsistence theory of wages — The Subsistence Theory of Wages, also known as the Iron Law of Wages, was a law of economics that asserted that real wages in the long run would trend toward the value needed to keep the workers population constant. The alleged law was named and… …   Wikipedia

• Marginal revenue productivity theory of wages — The marginal revenue productivity theory of wages, also referred to as the marginal revenue product of labor and the value of the marginal product or VMPL, is the change in total revenue earned by a firm that results from employing one more unit… …   Wikipedia

• Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium