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automatic wage adjustment - translation to greek
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
automatic wage adjustment
α.τ.α.
α.τ.α.
automatic wage adjustment
labor costs
![Adjusted for inflation]] wages}}](https://commons.wikimedia.org/wiki/Special:FilePath/Wages in the United States.webp?width=200 "Adjusted for inflation]] wages}}")
DISTRIBUTION OF A SECURITY PAID BY AN EMPLOYER TO AN EMPLOYEE.
Wage rate; Wages; Wage Theory; Wage and Salary; Wage level; Hourly wage; Low pay; Underpaid; Overpaid; Labor costs; Labour cost; Labour costs; Cost of labor; Cost of labour; Normalized unit labour cost; Unit labor cost; Unit labour cost; Normalized unit labor cost; Wages in the United States
εργατικά
Definition
Wage
·vt To give security for the performance of.
II. Wage ·vi To bind one's self; to Engage.
III. Wage ·vt To adventure, or lay out, for hire or reward; to hire out.
IV. Wage ·vt To engage in, as a contest, as if by previous gage or pledge; to carry on, as a war.
V. Wage ·vt That which is staked or ventured; that for which one incurs risk or danger; prize; gage.
VIII. Wage ·vt To Pledge; to hazard on the event of a contest; to Stake; to bet, to lay; to Wager; as, to wage a dollar.
IX. Wage ·vt That for which one labors; meed; reward; stipulated payment for service performed; hire; pay; compensation;
- at present generally used in the plural. ·see Wages.
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”.
