The Evolution of Wage Differentials: A Study of British Data
Wage differentials in the British economy varied widely in pre-war years while the general level of wages remained fairly stable; since 1944, however, wage differentials generally narrowed while the general level of wages was constantly rising. The latter period is also characterized by the appearance of a wage slide, that is, of a considerable divergence between the behaviour of negotiated wage rates and of effective earnings.
KeywordsDepression Income Expense Dock
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