Given protection for permanent employees and limited wage flexibility, many small and medium-sized enterprises risk bankruptcy.

在对长期合同工进行保护以及限制工资变动的情况下，很多小型或者中型的企业面临着破产的风险。

youdao

Under a "pact for the euro" there will be economic and fiscal workouts that will allow countries to cope better with the rigours of monetary union-including, for example, greater wage flexibility.

根据“欧元条约”，各国可以进行经济和财政政策的尝试以更好的应对货币联盟中的困难，例如增加工资的灵活性。

youdao

The research about unemployment of mainstream economics usually leans to the case that the wage lacks flexibility, and has not given enough attention to the unemployment under wage flexibility.

主流经济学关于失业问题的研究通常集中在工资缺乏伸缩性的情形，而对工资伸缩性条件下可能出现的失业则缺乏应有的关注。

youdao

Wage flexibility is still hampered by centralised bargaining: Mr Aznar was loth to tackle the unions on that one.

ECONOMIST: A new Golden Age

In the long term, living with a fixed exchange rate demands wage and price flexibility.

ECONOMIST: Exchange rates

While ruling out "a complete free-for-all" on public sector pay, the authors claim greater flexibility in wage rates would improve work standards.

BBC: Calls for regional pay in public sector