An escalator clause in a labor agreement that automatically increases wages as the U.S.Bureau of Labor Statistics' Consumer Price Index rises is known as a ________.
A) BARS
B) COPE
C) COLA
D) POS

Question

Quizplus · Accepted Answer

C)When a union emphasizes cost of living,it may pressure management into including a cost-of-living allowance.A cost-of-living allowance (COLA)is an escalator clause in the labor agreement that automatically increases wages as the U.S.Bureau of Labor Statistics Consumer Price Index rises.

An Escalator Clause in a Labor Agreement That Automatically Increases