wage price spiral मीनिंग इन हिंदी

Everett Ehrlich, undersecretary of Commerce for economic affairs, said businesses have " room for modest increase in wages without setting off the wage price spiral,"
Thus " layers of institutional complexity " have been introduced at intervals over the centuries, including " regulatory floors without celings, administered prices, competitive inflation, wage price spirals, other things ."
"Frankly, we are a bit apprehensive about the inflationary impact of that ( wage increase ) mainly because we want to avoid a wage price spiral wherein it will lead to another round of inflation that will prompt yet another request for an increase in wages, " said Cielito Habito, Socio-Economic Planning Secretary.