Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied… — Janet Yellen Copy Share Image
“expenditures are trimmed and social welfare programs are undone. State policies promote the deregulation of the labor market: deindexation of earnings, part-time employment, early retirement and the imposition of so-called “voluntary” wage cuts. . . In turn, the practice of… — Michel Chossudovsky Copy Share Image
