wage inflation
Salaries pushing prices
Wage inflation is the rate at which wages rise across an economy over time.
Economists distinguish it from price inflation, though the two interact—rising wages can push prices up, and rising prices create pressure for higher wages.
The term often appears in policy debates: The Fed is watching wage inflation closely.
Unlike a simple pay raise, wage inflation describes a broad economic trend.
- pay raiseHigher compensation rate
- bonusReward beyond expectation
- stagflationStagnant growth meets inflation
- purchasing powerEconomic spending ability
- skills gapWorkforce capability deficit
price · collective bargaining · union demands · economic inequality · cost of living · overtime · labor rights · real wages · demographic shifts · money supply · market · rent · bargaining · raises · paychecks · take-home pay · paycheck to paycheck · unemployment
- wagessalary, pay, paycheck, income, earnings
- inflationCPI, price hikes, hyperinflation, stagflation, cost of living
wage inflationdeflation
Sustained decrease in prices
economic contraction · recession · depression · disinflation · austerity