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Productivity
A measure of the efficiency of production, often calculated as the ratio of output (goods and services) produced per unit of input (labor, materials, energy) used.
Workers' Wages
The compensation paid to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.
Wage Reductions
Actions taken by employers to decrease the amount of money paid to workers, often in response to economic pressure or to increase profitability.
OPEC Price Increases
Refers to occasions when the Organization of Petroleum Exporting Countries decides to raise the price of oil, affecting global economies and energy costs.
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