COMM 121 Lecture Notes - Lecture 2: Anxiety, Macroeconomics, David Blanchflower
Document Summary
The reason for low wages in britain that no one mentions , published in the economist on oct. 28, 2015, is a news story focusing on wage growth and part-time work in both the united kingdom and the united states. The article states that one reason for low wage growth is that the number of. American workers who are part-time for economic reasons , or pter , and who want to work full-time but can only find a part-time job, is to high. The author states that american economists are obsessed with this pter classification, however, economists in britain barely ever mention it. The article states that the number of pter americans has doubled since 2008, which serves as some evidence that a high pter rate can hold down wages. When the pter rate is high, workers may feel unable to ask their employers for higher wages because, in reality, they actually want more hours.
