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Negotiated wage increases in Britain so far this fall have been running at about 10 percent, regardless of productivity.
Those eight unions already have negotiated wage agreements.
Negotiated wage controls would replace the tax on wage increases (popiwek).
Among his new proposals today was the deferral of negotiated wage increases and asking employees to make contributions to the cost of health benefits.
This year, negotiated wage increases are running at about 10 percent, and inflation is running at 10.9 percent, more than double the European average.
The deal might, for example, call for a four-mark subsidy cut for every five-mark increase in negotiated wages.
The city has already negotiated wage deferrals with some workers, and has discussed the possibility of refinancing bonds, though warily.
One possibility is that unions and managements make wage bargains which span the (expected) duration of the policy thus avoiding controls on negotiated wages.
Fixed hours and production processes, and negotiated wage rates with limited opportunity for overtime, all reduce the flexibility of the trade-off between leisure and work.
Fraser then negotiated wage cuts of $3 an hour and waived restrictions on layoffs which allowed Chrysler to shed nearly 50,000 jobs (or about half its workforce).
Carty negotiated wage and benefit agreements with the unions but resigned after union leaders discovered he was planning to award executive compensation packages at the same time.
Nonetheless, an overwhelming majority of the 215 employers in the newsurvey indicated they are determined to continue a downward pattern in negotiated wage increases that began in 1982.
Mr. Menem, bringing respected businessmen and free-market economists into his Government, reduced inflation to 38 percent in August through negotiated wage and price accords.
When cost of living adjustments, negotiated wage settlements and budgetary increases exceed CPI, media reports frequently compare the two without consideration of the pertinent tax code.
Because of a chronic shortage of nurses in the Bronx and the recently negotiated wage settlement with Local 1199 of the hospital workers union, personnel costs are expected to increase.
With inflation threatening to overtake negotiated wage increases of 5.5 percent, union leaders are questioning the national business-labor agreement that since 1987 has brought wage restraint in exchange for job growth.
So the Mayor negotiated wage reductions for next year and limited increases in subsequent years that his aides calculate will save the city $400 million over five years, compared with the cost of extending existing contracts.
Another Plan Unravels Juan Sourrouille, the Minister of Economics, made one last try in mid-1988 to put the economy back on track with negotiated wage and price restraints, higher interest rates and fiscal changes.
Through the 1970s, thanks in part to unions that negotiated wages collectively, "people with different abilities and capabilities were frequently paid the same amount for doing similar jobs," said W. Bentley MacLeod, an economics professor at Columbia.
But Mr. Chernomyrdin also said the Government would continue its subsidies to farmers and others, which Mr. Fyodorov resisted as inflationary, and talked again of using "non-monetarist methods" of fighting inflation, like negotiated wage and price controls.
Under a set of wage and price controls in effect since 1987, just before Mr. Salinas took office, businesses and unions have kept negotiated wage increases below the level of inflation, while the Government agreed to keep down gasoline and electricity prices while also pumping money into a public works programs called Solidarity.