The labor relations term for a written clause in a labor agreement that adjusts wages periodically in accordance with some predetermined formula tied to the rise in consumer prices is:

Question

Quizplus · Accepted Answer

The term for adjusting wages periodically in accordance with some predetermined formula tied to the rise in consumer prices is called a cost-of-living adjustment. This is a common clause in labor agreements that helps ensure that employees' wages keep pace with inflation.

The Labor Relations Term for a Written Clause in a Labor