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Due to the economic situation there is stagnation of wages and downright affect the standard of living of workers with higher prices because of inflation, which negatively affects the performance and productivity
Of course. If there is no incentive for labor their motivation in work will decrease resulting quality of work as well as their overall performance too.
I agree with experts answer. Thanks for the invitation. ..
Wage rigidity will affect the labor market ONLY if the inflation rate is comparatively higher, else not. Case in point is low inflation economy in South Africa in the 1990s and 2000s when both actual wages and inflation were low.
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