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Such measures should raise productivity growth, but wage restraint will still be needed to restore competitiveness.
ECONOMIST: The European Central Bank
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Without the ability to devalue, the restoration of competitiveness requires painful austerity measures and wage restraint.
ECONOMIST: A bearish perspective on the market in 2011
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German workers are pushing for higher pay too, after a long period of wage restraint.
ECONOMIST: Europe��s monetary policy
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The Treasury was quick to call for further wage restraint in both the public and private sector.
BBC: Unemployment reaches 20-year low
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Mr. King has often pointed to wage restraint as a sign of success.
WSJ: Osborne Is Losing His Allies on All Sides
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Many European countries, notably the Netherlands, France and Spain, have combined labour-market reforms with wage restraint in recent years.
ECONOMIST: Productivity growth
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Unaccountably, he decided to hang on until the next year despite signs that the unions could no longer deliver wage restraint.
ECONOMIST: Obituary
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The first minister insisted "substantial progress" had been made with the budget focussing on wage restraint while protecting those in the public sector on the lowest wage.
BBC: Scottish Parliament
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In some cases it started off as a form of wage restraint in the dark days of the 1990s: companies cut basic wages and employees hoped that performance-related pay might make up the difference, which it did not always do.
ECONOMIST: Still work to be done
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They read the foreign press like anyone else, and they know the case that is made against them: namely that Germany deluded itself for years that it was a model of virtue because it was an export champion, offsetting relatively weak domestic consumption linked to wage restraint and high savings rates.
ECONOMIST: European politics
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And however they are paid for, the knock-on effects of a high minimum wage would be hard to reconcile with Gordon Brown's call this week for pay restraint.
ECONOMIST: The minimum wage