| They work in what economists call the nontradable sector: jobs that can't be moved easily to a low-wage country. |
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| As a result, unions are seeking growth in other nontradable fields, like carpentry, plumbing and transit drivers. |
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| Prominent in the nontradable sector are government, health care, retailing, construction, restaurants and, for the most part, legal services. |
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| For example, if the law taxed gains in publicly traded stock, executives could receive nontradable securities instead. |
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| Low-skill workers in nontradable jobs actually have one small but important organizing advantage. |
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| Subsequently, those nontradable service-sector jobs, like retail and washing cars and carpentry, will become overcrowded. |
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| The relative price of services also tends to increase to rebalance the supply and demand of nontradable goods. |
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| For nontradable goods, like the services, no mechanism allows a direct arbitrage between a haircut in New York and in Beijing. |
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| Many state-owned companies, for example, have settled on formulas to begin cleaning up the problems over nontradable shares. |
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| This rise in consumption affects above all nontradable goods and services, and leads to a price rise in this sector and hence a rise in the general price index. |
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| Exchange rate shifts can influence economic activity through their effect both on relative prices for tradable goods and services and on those for nontradable goods and services. |
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| Parallel to this, there will be a transfer of inputs to deal with, on one hand, the increase in demand for nontradable goods and on the other, the surge in the export of energy goods. |
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| Services for a long time were believed to be nontradable. |
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| At the same time, the combined share of the nontradable goods sector, services and construction rose from 67 per cent to 83 per cent, with services accounting for all the increase. |
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