WAGE PRICE SPIRAL
Wage Price Spiral refers to a theory that explains the cause-and-effect relationship of rising wages and rising prices. It suggests that as wages are raised, the disposable income also increases. Furthermore, the demand for goods will also rise, causing the prices to also become higher. Higher prices would then cause a demand for higher wages, which could result to higher production costs and more upward pressure on prices.
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Group of 30 - G30
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
08:30 | Producer & Import Prices | Mar | |
11:00 | Industrial Production | Feb | |
14:30 | Manufacturing Shipments | Feb | |
14:30 | Wholesale Sales | Feb | |
14:30 | Retail Sales | Mar | |
14:30 | NY Fed Empire State manufacturing index | Apr | |
16:00 | Business Inventories | Feb | |
16:00 | NAHB Housing Market Index | Apr | |
04:00 | Real GDP | 1 quarter |