wage price spiral

concept
1 mentions 1 recordings first heard Dec 2021 last heard Dec 2021 ±0 this week

Economic feedback loop where wages and prices reinforce each other

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David HarrisonWSJ Your Money Briefing · Many Workers Set to Get Sizable Raises Next Year · 4:20 · Dec 2021
…So this is something that economists call a wage price spiral, where higher wages and higher prices kind of feed on themselves.…
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