Wage-price spiral

 

 

 

Wage-price spiral

 

Glossary of business

 

Definition of wage-price spiral

 

A wage-price spiral happens when workers demand a pay rise above inflation. This results in an increase in the firm's costs and means that they have to put their prices up further if they are to maintain their profit margin. This in turn, will lead to further inflation and therefore a further demand for higher wages and so the spiral goes on .....

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of wage-price spiral

 

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Meaning of wage-price spiral

 

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