A feedback loop in which wage hikes due to inflation cause companies to raise prices, and those rising prices lead to demand for further wage increases, perpetuating the cycle.
Related information about wage price spiral:
- Price/wage spiral - Wikipedia, the free encyclopedia
In macroeconomics, the price/wage spiral (also called the wage/price spiral) represents a vicious circle process in which different sides of the wage bargain try to ...
- Wage-Price Spiral Definition | Investopedia
A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. The wage-price sprial suggests that ...
- What is wage price spiral? definition and meaning
Definition of wage price spiral: A feedback loop in which wage hikes due to inflation cause companies to raise prices, and those rising prices lead to demand for ...
- How Does a Wage-Price Spiral Work? | Chron.com
The dreaded wage-price spiral -- also known as an inflationary spiral -- is a condition in which wages and prices rise in a continuing, self-perpetuating ...
- Wage-Price Spiral - Financial Dictionary - The Free Dictionary
The phenomenon in which prices for goods and services rise, which causes employees to demand higher wages. This added expense on business causes ...
- CARPE DIEM: Update: No Wage-Price Spiral if Wages Don't Spiral
May 8, 2012 ... The graph above shows two monthly series back to 1965 (data here): a) annual wage increases in the BLS series "Average Hourly Earnings of ...
- The Wage Price Spiral
Downloadable! This paper rehabilitates the old wage price spiral. It shows that, after an increase in aggregate demand, the process of adjustment of nominal ...
- What is wage-price spiral? definition and meaning
Definition of wage-price spiral: Alternative term for inflationary spiral.