Traduction de «real wage » (Anglais → Français) :

Wage developments can contribute to stable macroeconomic conditions and an employment-friendly policy mix provided that real wage increases are in line with the underlying rate of productivity growth over the medium term and are consistent with a rate of profitability that allows for productivity, capacity and employment-enhancing investment.

Subsequent to that, we have seen a breaking of the trust in the form of downsizing, declining real wages, loss of benefits, a polarization of wages, government cutbacks on parts of the social insurance package, employment cutbacks by governments, rising tuition, an abandonment of regional development, federal downloading to the provinces, and a provincial downloading to the municipalities.

Certainly with the public sector strikes this fall, the fact that many of the contracts were delayed and negotiations left public sector workers without contracts up to a year and a half, the fact of a fall in real wages of public sector workers who have lost about 10% of their real wages over the past 10 years, and the fact that table 2, the one salary survey that was done, showed a wage gap of 20% between public sector workers employed by the Government of Canada and those in the other public and private sectors.

Achievement of these objectives will continue to require a stable, investment-enhancing, short- and medium-term macroeconomic framework characterized by: - a stability-oriented monetary policy whose task is not undermined by inappropriate budgetary and wage developments, - sustained efforts to consolidate the public finances in most Member States consistent with the objectives of their convergence programmes, - nominal wage trends consistent with the price stability objective; at the same time, real wage developments should be below the increase in productivity in order to strengthen the profitability of employment- creating investment.

4. WAGE ADAPTATION The policy of wage restraint has been pursued in the member countries since the early 1980s. It has resulted in a 6% fall in the real wage cost/productivity index over the period 1981/86, entailing an improvement in profit margins.

But its real significance lies not in the fact that they achieved relatively rapid growth, but in the fact that they achieved that transformation and growth in a context where real wages froze dramatically over the entire period, and their competitiveness was maintained despite those wage increases.