wages have stagnated. Though real wages in the factories have declined employment therein has not increased. Interestingly …, both wages and employment have increased in the mid-sized units. The relationship is therefore neither unidirectional nor … sector has seen the most sweeping changes. It is now being suggested that the current jobless growth is due to high wages …

, especially in developing regions. Elasticity of employment is low and falling further. Whatever little employment expansion is … market negatively. Employment growth and elasticities are lower in regions that have had rapid globalisation. Institutional …