this post was submitted on 23 Dec 2023
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The wage price spiral.
I didn't know this concept was criticized. I just found a paper from the IMF which says the following:
Sollaci, J. a. a. C. B. H. H. H. P. (2022, November 11). Wage-Price Spirals: What is the Historical Evidence? IMF. https://www.imf.org/en/Publications/WP/Issues/2022/11/11/Wage-Price-Spirals-What-is-the-Historical-Evidence-525073