The battle for the bucks

unemployment in unites states http://youthcm.com Youth Career Management (YCM) reports that: Everyone knows this phenomenon: inflation, representing an increase of the general price level. If the wages in Euros remains the same, while prices rise, workers can buy less. The purchasing power of income has declined. A wage increase intended to offset the effect of inflation do we call price compensation. Price compensation is a percentage increase in salary equal to inflation. The increase in average output per worker per unit of time worked per hour, called the rise in labor productivity. A first reason is technical development: mechanization and automation. A second cause is division of labor and specialization. Division of labor and specialization...

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