In addition, the new policy called for more frequent wage adjustments.

When they occurred, minimum wage adjustments generally did not keep up with cost of living increases.

Additionally the parents may shorten their work time without wage adjustment over up to two hours daily, until the child is eight years old.

Wage adjustments become effective in accordance with what is commonly referred to as the 45-day law.

The Government contends that routine wage adjustments pushed up median state salaries 4 percent last year.

These kinds of underemployment arise because labor markets typically do not "clear" using wage adjustment.

Teachers had initially asked for a 4.23 percent raise, equal to the state-allocated cost-of-living wage adjustment.

(All beneficiaries at a given unit would have the same geographic wage adjustment.)

Under the old boundaries, New York City and its northern suburbs received a wage adjustment 36 percent above the national average.

The wage adjustments were too large, increasing aggregate demand excessively and creating inflationary pressures.

At cruising speed, budgetary stabilizers, political stabilizers and wage adjustment will be enough.

At any one time, the economy is assumed to have a unique equilibrium at full employment or potential output achieved through price and wage adjustment.

For the first time, however, the union won an automatic cost-of-living wage adjustment as well as greatly improved pension and health benefits.

In addition to the add-on payment adjustment, which applies nationally, the composite rate is adjusted up or down by a geographic wage adjustment.

The Labor Situation "The tighter labor markets do not yet seem to have produced excessive demands for wage adjustments," the panel said.

They are financed almost entirely by the deficit-plagued provincial government, and the nurses' union says it has been told there is no money for pay-equity wage adjustments.

National War Labor Board was established; the NWLB established formula for wartime wage adjustments.

It shows how money wage adjustments lead to a convergence on a unique, stable unemployment rate, U, which corresponds to a condition of zero excess demand in the labour market.

Adding the New Jersey counties drags that wage adjustment to 33 percent above the national average, because the labor costs in the added hospitals are significantly lower than in the city.

After several meetings between the parties, a tentative agreement was reached without impasse on September 13, 2007 which included a state allocated cost-of-living wage adjustment during each year of the agreement.

Union Resists Concessions The Histradrut labor federation is also strongly resisting pressure from Mr. Peres for concessions on cost-of-living wage adjustments.

Despite the protracted delays of the American Federation of State, County and Municipal Employees lawsuit filed five years ago, employees anticipate that wage adjustments will soon become a reality.

Whereas the neoclassical synthesis hoped that fiscal and monetary policy would maintain full employment, the new classicals assumed that price and wage adjustment would automatically attain this situation in the short run.

In 1991, the Postal Service had a loss of $874 million, caused entirely by a Congressional assessment that the service was responsible for $1.9 billion in retroactive health-care costs and cost-of-living wage adjustments.

Moreover the approach should work in reverse: if the initial state is one of excess supply in the labour market, money wage adjustments should nudge the economy back to a position of overall full employment at U.