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 .....
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Terminology about business
Job world
Definition and meaning of wage-price spiral
Meaning of wage-price spiral
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