wage adjustment

基本解释

European leaders' plans to achieve effective devaluation through major wage adjustment seem far-fetched.
欧洲领导人通过重大薪资调整、从而实现有效贬值的计划似乎有些牵强。
Such imbalances can reflect shifts in competitiveness and warn of trouble ahead—especially, perhaps, in a currency union where the costs of wage adjustment are high.
这种赤字水平往往预示竞争力的变化和将来的麻烦-尤其是一个在工资调整代价高昂的货币联盟内，可能更明显。
But until quite recently pay has tended to be “sticky” on the way down: workers have generally been reluctant to take wage cuts, at least in nominal terms, which has made real-wage adjustment slow.
但直到最近，薪资仍很难向下调整：工人通常不愿接受减薪，至少在名义上是如此，这使实际工资调整缓慢。

This is why some economists argue that a little bit of inflation, say 3%, is a useful lubricant for relative wage adjustment, because it makes it easier to disguise real wage cuts.
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If the alleged benefits were voted down, there would be an immediate wage-demand adjustment on the part of most unemployed on the way to them finding work at wages that reflect actual demand for labor in the marketplace.
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Equal emphasis should be put on public-sector adjustment and nominal-wage reduction in the private sector.
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