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Wage-Price Spiral

   Also found in: Wikipedia 0.01 sec.
Wage-Price Spiral
The phenomenon in which prices for goods and services rise, which causes employees to demand higher wages. This added expense on business causes higher prices, which leads to still higher wages, and so forth. The wage-price spiral is alternately described as a cause or a symptom of inflation, depending on one's economic philosophy.
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Any broad and sustained speedup in prices would require a reacceleration in wage growth, the classic wage-price spiral.
INFLATION? NOT TO WORRY by James C. Cooper / BusinessWeek
The fall will calm nerves among rate-setters that the recent spike in inflation could become entrenched in higher pay demands - leading to a damaging wage-price spiral.
Record fall in inflation predicted by The Journal (Newcastle, England)
What Darling was trying to convince them of yesterday is the need to avoid a wage-price spiral of the kind we used to have in the Heath-Callaghan-Thatcher decades.
Alistair Darling's speech to the unions was admirable but dull by guardian.co.uk / guardian.co.uk
 
 
 
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