The leading explanation for Germany s impressive recent export performance is wage restraint.

On one hand, wage restraint was the key element, though the government could not impose it.

I appreciate your restraint.

I appreciate your restraint.

I appreciate your restraint.

I admire your restraint.

I admire your restraint.

The right approach must combine reasonable wage restraint and low (but not negative) inflation with microeconomic policy measures aimed at encouraging productivity increases.

The Spanish government, for example, could have met Spain s building boom and foreign trade deficit with tax increases or by urging domestic wage restraint.

In fact, that analysis is only half right. On one hand, wage restraint was the key element, though the government could not impose it.

But restraint is not isolationism.

Reversing the large differential in unit labor costs that has emerged in the euro s first decade thus requires not only wage restraint and productivity enhancing reforms in the south, but also higher wage gains in the north.

The same is true for the most recent eurozone member, Estonia, whose rigorous wage restraint ensured competitiveness in the single market in a short period of time.

But, as we now know, Germany did become competitive again too competitive, according to some, owing to a combination of wage restraint and productivity enhancing structural reforms.

In this context, productivity growth whether through technical progress, better allocation of resources, or productive investment is as important a variable for the southern economies as wage restraint is. Indeed, excessive wage deflation is likely to have negative effects on productivity.

In this context, productivity growth whether through technical progress, better allocation of resources, or productive investment is as important a variable for the southern economies as wage restraint is.

Even if the unions win large wage increases which is very likely and entirely justifiable given their past restraint this will have only a negligible effect on Europe s price stability.

gowriey Minimum wage gap?

And, unlike tax incentives, wage subsidies target only employment of low wage workers.

Recognizing this, reform leaders urge restraint on their supporters.

And she cried, without restraint, like a punished child.

These same Republicans also argued for government spending restraint while blocking the institutional changes to Congressional procedures needed to make spending restraint possible.

Is Low Wage China Disappearing?

Whatever Happened to Wage Insurance?

Germany has no minimum wage.

And, for now, the global balance is tipping toward restraint.

Maintaining peace is mostly a matter of restraint or constraint.

Surprisingly, wage competitiveness is a problem.

What's the minimum wage in Australia?

What's the minimum wage in Australia?

What's the minimum wage in Ghana?

What's the minimum wage in Germany?

If China tests, will Russia and the US maintain unilateral restraint?

Unfortunately, harmonization would probably apply to wage replacement payments, implying uniform minimum wage constraints for EU countries.

If they first fix the maximum wage, then it ll be easier to agree on a minimum wage later.

Here is where the Holy Alliance concept of moral restraint comes in.

A second factor is restraint on the part of the Shi ite community.

Above all, it will require integrity, honesty, trust, courage, and sometimes restraint.

All the peasants' restraint in the presence of the master had vanished.

We do not wage war we negotiate.

Meanwhile, wage growth remains strong and uninterrupted.

Pound rises as UK wage growth accelerates

The union won a 5 wage increase.

What's the minimum wage in your country?

The minimum wage is 2.13 an hour.