Topics
Wage Price Spiral
A wage price spiral is a situation where workers bid for higher wages because they have seen their real income eroded by fast-rising prices. This can lead to a further burst of cost-push inflation in an economy. It was a feature of stagflation in the 1970s and 1980s.
-
Will UK trade union membership start to rise again?
7th August 2022
-
Is the UK economy facing a summer of discontent on pay?
17th July 2022
-
Stagflation and the Cost of Living Crisis in the UK
22nd June 2022
-
UK Economy in Focus - Stagflation
Topic Videos
-
Inflation (Quizlet Revision Activity)
Quizzes & Activities
-
Monetary Policy - Bank of England walks tightrope on interest rates
15th February 2022
-
Economics of Inflation - The Wage-Price-Spiral
Topic Videos
-
Will the global supply chain process lead to stagflation?
22nd September 2021