The New Rank and File (ILR Press Books)

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Finally, individual imposts and assessments reach their limit. Refers to the flow of income of households that are received by selling their factors of production to firms. Yet the reality of the much praised American labour market "flexibility" was shown when then head of the US Federal Reserve Alan Greenspan explained in 1997 why unemployment managed to fall below the standard NAIRU rate without inflation increasing: "Increases in hourly compensation. .. have continued to fall far short of what they would have been had historical relationships between compensation gains and the degree of labour market tightness held. ..

Pages: 288

Publisher: ILR Press; 1 edition (October 19, 2000)

ISBN: 0801438063

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