They also tend to reduce wage disparities between age groups and sexes, since low-paid workers are often young or female.
For example, research has shown that, even in the US, many firms would prefer to reduce wage costs by eliminating some staff rather than affect morale and productivity by introducing across-the-board wage cuts.
For two, considering the producers in Greece and Ireland, a stronger euro would in fact reduce wage pressures, the cost of imported inputs necessary to produce what they manufacture, plus it would reduce shipping costs.
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The England centre's current club, Brive, is reported to be looking to off-load him to reduce their wage bill.
Leeds were relegated from the Premiership last season and have since sold most of their first-team squad to reduce their wage bill.
Earlier this month, the Premier League granted Portsmouth permission to sell players outside the transfer window in order to reduce their wage bill.
The latter confirmed he was under orders to reduce the wage bill after Romanov warned he would no longer tolerate "mercenaries" at Tynecastle.
That would at least reduce the wage bill, which eats up more than 40% of revenue. (Bain, a consultancy, has been hired to cut costs.) Mr Schwab may find that turning a firm around is harder than starting one up.
The solution, clearly, is to reduce the minimum wage for those age groups.
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Some have argued that increasing the minimum wage might reduce employment but still redistribute wealth to poor workers because their increased hourly wage might compensate for a reduction in employment.
Professors Neumark and Wascher also offer a clear and even-handed assessment of empirical examples that seem to contradict the prediction that a higher minimum wage would reduce employment.
In fact, over the last year, the Democratic majority in Congress has begun to move us in the right direction - with bipartisan action to strengthen our national security, raise the minimum wage and reduce the costs of college loans.
NPR: Text of the Democratic Response to the State of the Union Address
He asked Congress to send him legislation to reform immigration, combat climate change, increase the minimum wage, and reduce gun violence.
Italy's top players might not be happy either at another suggestion for helping their employers - a wage cut to reduce a pay bill that last season gobbled up 85% of the clubs' budgets.
The Labour-controlled council says the living wage increase will not reduce funding for services.
Participants used a wage range of methods to reduce hospitalizations.
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As part of the agreement, the country must reduce debt, as well as the government wage bill.
It does not believe that wage cuts are necessary to restore competitiveness and to reduce unemployment, the accepted wisdom in places like Ireland and, latterly, Greece.
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Trying to limit the cost of subsidising jobs by imposing a minimum wage on employers, as Labour proposes, would merely reduce the number of jobs that employers will be willing to offer the long-term unemployed.
Labour councils he insisted could still make a difference by paying people a living wage, protecting services and putting pressure on energy companies to reduce their bills.
Offering a tax credit to single people too would make it easier for employers to reduce wages to reflect it, subject to the constraints of any minimum wage.
If we raise the federal minimum wage and demand the 1% pay their fair share to reduce income inequality, we will boost our economy, help small business grow and create jobs.
Already, its plans for a national minimum wage and its promise to sign Europe's social chapter threaten to reduce, not increase, labour-market flexibility.
The public finances may be solid (public debt is around 40% of GDP), but the government has been slow to make reforms such as trimming a high minimum wage, reducing the size of the unregistered economy and increasing competition to reduce energy and other costs.
In contrast, if we were to try and reduce the trade deficit by on-shoring manufacturing that has gone overseas, those would be low wage jobs.
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And if a devaluation cannot be used to reduce real wages, the real exchange rate overvaluation will be undone via a slow and painful process of wage and price deflation.
All this seems glum news for those who argue that wage increases this year must be kept below 3% if Germany is to stay competitive and reduce its high number of people without a job, still over 4m, or 10.2% of the workforce.
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