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wage hike - translation to russian
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 hike
рост заработной платы
wage labour
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RELATIONSHIP WHERE A WORKER SELLS LABOUR TO AN EMPLOYER
Wage-labor; Wage labor; Wage-labour; Wage laborer; Paid work; Wage labourer
наемный труд.
wage labour
RELATIONSHIP WHERE A WORKER SELLS LABOUR TO AN EMPLOYER
Wage-labor; Wage labor; Wage-labour; Wage laborer; Paid work; Wage labourer
общая лексика
наемный труд
Definition
hike
¦ noun
1. a long walk or walking tour.
2. a sharp increase, especially in price.
¦ verb
1. go on a hike.
2. pull or lift up (clothing).
3. increase (a price) sharply.
Phrases
take a hike informal, chiefly N. Amer. go away!
Derivatives
hiker noun
Origin
C19 (orig. dialect): of unknown origin.
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 hike
1. A committee of his advisers also called for a national wage hike.
2. Rapid growth enabled another important process: the minimum wage hike Amir Peretz‘s important contribution.
3. Walker is one of 13',000 Georgians who would benefit directly from a minimum–wage hike.
4. The wage hike passed in Arizona, Missouri, Montana, Ohio and Nevada; results were pending in Colorado.
5. A top priority of Democrats, the wage hike has both real and symbolic consequences.
