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Meaning of wage-price spiral

 

 

 

Wage-price spiral

 

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Business glossary

 

Meaning of term 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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Wage-price spiral

 

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