Wage rigidity in labour markets
Claim
Since the end of 1970s wage rigidity reduced the demand for labour associated with any rise in effective demand by forcing enterprises to seek productivity gains by means of labour shedding, and hence constantly increased the rate of unemployment at any given rate of capacity use.
Broader
Aggravates
Strategy
Value
SDG
Metadata
Database
World problems
Type
(F) Fuzzy exceptional problems
Subject
- Social activity » Human resources » Human resources
- Social activity » Employment conditions » Employment conditions
Content quality
Yet to rate
Language
English
Last update
Dec 3, 2024