wage-wage spiral

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• Price/wage spiral — 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 keep up with inflation to protect real incomes. This process in turn is one cause …   Wikipedia

• wage-price spiral — ➔ spiral1 * * * wage price spiral UK US noun [S] ECONOMICS ► a rise in prices that causes a rise in the amount that workers earn, which increases the cost of producing goods, making prices rise again: »A sharp fall in the value of sterling could… …   Financial and business terms

• wage-price — «WAYJ PRYS», adjective. of or having to do with the relation of wages to prices: »So the wage price spiral works not only vertically from wages to prices but horizontally from wages to other wages (Atlantic) …   Useful english dictionary

• spiral — ▪ I. spiral spi‧ral 1 [ˈspaɪərəl ǁ ˈspaɪr ] noun [countable] a process, usually a harmful one, in which something continuously rises, falls, gets worse etc, often starting off slowly but gradually speeding up until it is out of control: • Sales… …   Financial and business terms

• spiral — n. an inflationary; wage price spiral (a vicious inflationary spiral) * * * [ spaɪ(ə)rəl] wage price spiral (a vicious inflationary spiral) an inflationary …   Combinatory dictionary

• spiral — I. adjective Etymology: Medieval Latin spiralis, from Latin spira coil more at spire Date: 1551 1. a. winding around a center or pole and gradually receding from or approaching it < the spiral curve of a watch spring > b. helical c. spiral bound …   New Collegiate Dictionary

• Wage-Price Spiral — A macroeconomic theory to explain the cause and effect relationship between rising wages and rising prices, or inflation. The wage price sprial suggests that rising wages increase disposable income, thus raising the demand for goods and causing… …   Investment dictionary

• spiral — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ vicious ▪ downward, upward ▪ deflationary, inflationary ▪ wage price ▪ …   Collocations dictionary

• Wage Push Inflation — A general increase in the cost of goods that is preceded by and results from an increase in wages. In order to maintain corporate profits after an increase in wages, employers must increase the prices they charge for the goods and services they… …   Investment dictionary

• wage-price spiral — /ˌweɪdʒ praɪs ˌspaɪərəl/ noun a situation where price rises encourage higher wage demands which in turn make prices rise …   Dictionary of banking and finance

• wage-price spiral — /weɪdʒ praɪs ˈspaɪrəl/ (say wayj pruys spuyruhl) noun a series of movements in wages and prices, normally upwards, in which each change in one triggers a change in the other …