wage-price

If he gave in to such demands, the result really could be a 1970s-style wage-price spiral.

In the U. S. , where only 7% of private workers are unionized, there is now little danger of an inflationary wage-price spiral.

Inflation is likely to remain contained this year by the absence of price pressures globally while a wage-price spiral is not likely.

And inflationary expectations are not properly anchored, increasing the risk of a wage-price spiral.

You now have inflation somewhat out of control, and causing some serious danger of wage-price inflation.

both in britain and the euro zone , central bankers are worried about inflation and the prospect of a wage - price spiral.

But there has been no sign yet that the authorities are able to generate a 1970s-style wage-price spiral, even assuming that they want to.

For higher inflation to become dangerous a wage-price spiral is required, and without higher wages, there is no spiral.

Workers ask for raises and employers give them, but then raise prices, in what economists call a wage-price spiral.

And since there isn't a wage-price spiral, we don't need higher interest rates to get inflation under control.

The ensuing wage-price spiral could ruin the global economy for years to come.

This makes a repeat of ruinous wage-price spirals much less likely.

However, there is little evidence of wage-price spirals in the developing world.

The wage-price spiral of the 1970s has been avoided, but the income shock is painful.

That way economies can avoid a 1970s-style wage-price spiral.

There is spare capacity in the economy and no sign that a wage-price spiral is taking hold.