WAGE-PRICE SPIRAL

Wage-price spiral is something that we can see in several economies across the globe. It is theory that is used to explain the relations between the high prices and high salaries. Increasing of the salaries leads to the higher purchasing power and higher demand and results in the high prices. High prices lead to demand for the higher salaries and so on… the pressure creates a spiral that is described by this term.

 

Tags:

Read More on this subject

Please publish modules in offcanvas position.