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What (who) is wage packet - definition
ECONOMIC EFFECT THAT REAL INCOME RATIOS BETWEEN HIGH AND LOW INCOME COUNTRIES ARE SYSTEMATICALLY EXAGGERATED BY GDP CONVERSION AT MARKET EXCHANGE RATES
Low-wage economy; Low wage economy; High-wage economy; High wage economy; Low-wage economies
wage packet
(wage packets)
They work long hours in order to take home a fat wage packet.
N-COUNT
data packet
FORMATTED UNIT OF DATA CARRIED BY ALL PACKET-SWITCHING NETWORKS
Data packet; Data packets; Packet (information technology); Packet technology; Packet (computing); Packet (network); Packet data
Network packet
FORMATTED UNIT OF DATA CARRIED BY ALL PACKET-SWITCHING NETWORKS
Data packet; Data packets; Packet (information technology); Packet technology; Packet (computing); Packet (network); Packet data
In telecommunications and computer networking, a network packet is a formatted unit of data carried by a packet-switched network. A packet consists of control information and user data; the latter is also known as the payload.
Wikipedia
Penn effect
The Penn effect is the economic finding that real income ratios between high and low income countries are systematically exaggerated by gross domestic product (GDP) conversion at market exchange rates. It is associated with what became the Penn World Table, and it has been a consistent econometric result since at least the 1950s.
The "Balassa–Samuelson effect" is a model cited as the principal cause of the Penn effect by neo-classical economics, as well as being a synonym of “Penn effect”.
Examples of use of wage packet
1. This delivers the compensation directly to the low–paid taxpayer in their wage packet.
2. Do ministers really understand the anxieties of ordinary working people, who are on a cliff edge between their last wage packet and first pension payment?
3. He said: "The wage packet still matters, but there are crucially important psychological, social, and personal dividends from work – it is about money and meaning.
4. With six children, their three–bedroom council house on the Morley estate in Mackworth, Derby, seemed too small, as did Scott‘s wage packet from his cleaning job.
5. Even Michael Ballack was shocked by the size of his proposed wage packet Chelsea have won the race to sign Michael Ballack – and they will make him the highest–paid footballer in the world when he joins this summer.