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wage-wage spiral
wage-wage spi·ral (plural wage-wage spi·rals)


noun 
Definition:
 
chain reaction of wage increases: a situation in which an increase in wages in one industry results in a series of claims for matching increases in other industries
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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