The falls in nominal wages that workers have experienced during this recession are unprecedented, and seem to provide at least a partial explanation for why unemployment has risen less, and productivity has fallen more, than might otherwise have been expected.
To the extent that it is better for individuals to stay in work, albeit with lower wages, than to become unemployed, the long-term consequences of this recession in terms of labour market performance may be less severe than following the high unemployment recessions of the 1980s and 1990s.
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The legislation would slash tax rates for big business and lower levies on the richest Americans in a massive £1.13 trillion bill.
The drinks manufacturer said it would be transferring production of Robinsons and Fruit Shoot from Carrow Works to other locations.
Most places will be dry with sunny spells, after a frosty, locally icy start.