But that is probably not how most households see it, looking at their pay packets.
At the very least, firms end up footing the bill for two chief-executive-sized pay packets.
In France last month, two business associations called for managers' pay packets to be made public.
Progression pay is the effect on pay packets of public sector workers moving up a pay band.
But spending has been resilient mainly because unemployment is low and Americans' pay packets are still fat.
The increases in productivity in the coming years (because, technology) would not be passed on in pay packets.
Money from broadcasters and sponsors inflates pay packets to eye-popping dimensions, especially when an attractive image meets sporting brilliance.
Huge pay packets for bosses would be much less controversial if there was evidence they had actually earned them.
While the value of many companies has contracted, bosses' pay packets have not.
Plus the stimulus will arrive faster: in a week for those on weekly pay packets, at most a month for everyone.
It had previously said that AMs' salaries should "reflect the reality of what Welsh men and women receive in their pay packets".
Big companies, whose bosses get the most publicity for their pay packets, are having to compete more fiercely for the brightest young.
The liquidators also claim that the payments justify their swollen pay packets.
However, because their pay packets are usually by far their biggest source of income, employees' fortunes are already closely tied to their employers'.
Accounting measures should follow the movement of economic value, not cash, so that delaying pay packets until next year (or retirement) has no effect.
He thinks it wrong for Congress to waste other people's money, and wrong for chief executives to trouser huge pay packets when they mismanage.
Many critics of CEO pay argue that the problem lies not with the size of the pay packets but with the incentives that they create.
Bankers' fat pay packets have attracted much criticism, but a public-sector system that does not reward high achievers may be a much bigger problem for America.
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Mr Cameron should make it clear that his long-term aim is to see government intrude less in people's lives and take less out of their pay packets.
The government has made clear that those workers who do "lose out" financially when their jobs are re-designated will be compensated so that their pay packets don't shrink.
The solution now being adopted in New Zealand and Britain is to combine privately owned accounts with cheap public arrangements to collect the savings directly from pay packets.
Mr Goobey said international comparisons of pay packets, particularly with the United States, had caused salaries and benefits to rise with the exception of Japan, where executives were underpaid.
The money is going to flow to the employees and any increase in either profits or general revenues is pretty much guaranteed to simply swell the pay packets of those employees.
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When new ideas can easily be sold around the world, he argues, the rewards for generating them rise, and brainy people will be lured to Boston and New York with ever-fatter pay packets.
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He has warned there could be trouble on the terraces unless the government helps clubs struggling with big debts - a legacy of the boom days of inflated television revenues and equally big player pay packets.
Instead, teachers attended union or administrative meetings, marked homework, or queued for pay-packets.
Despite clawing 40% of gross earnings in social-security contributions from employers and employees' pay-packets, the scheme by no means covers expenditure.
Suddenly, bulging industrial pay-packets do not look so unjustified.
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