Given enough time, a two-tier wage system can permanently lower wages in an entire industry.

He said the league's concept of partnership is to have the players agree to lower wages.

We know the reason local bargaining is being encouraged, it's to lower wages and conditions and give rich financial benefits to the few.

Unless we find new niches or industries the only thing you can do is to lower wages.

If demand remains the same, their presence raises the number of jobs in the economy but lowers wages for everyone.

This will lower wages across the board as competition for private sector jobs massively intensifies.

But studies show that companies would absorb the cost by lowering wages, not by laying off workers.

By discouraging saving, he asserts, the tax hurts investment in the economy and leads to lower real wages.

They also want to punish countries that will not lower wages in order to regain their external balance.

"Our position is that it is better to lower wages than lay off workers," he said.