The two parties of Labour and capital have bargained a new wage increase.

劳资双方经谈判达成再次增加工资的协议。

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This is largely due to a steady rise in unit Labour costs, as wage increases outstripped productivity growth (see chart).

这很大程度上是因为国内单位劳动成本的稳步上升，工资的增长超过了生产力的增长(见图表)。

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The absence of price and wage pressures points to plenty of slack in the Labour market.

缺乏价格和工资压力让劳动力市场十分散漫。

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Avoiding social-security charges, which often drive a chunky wedge between take-home pay and employers' wage bills, can both cut labour costs and thicken wage packets.

ECONOMIST: The informal economy is neither small nor benign

The revenue raised is to be used to cut surging non-wage labour costs.

ECONOMIST: Germany

Cuts in taxes and in non-wage labour costs, says the paper, are the key to regaining confidence in the economy.

ECONOMIST: Reform in Germany