An escalator clause in a labor agreement that automatically increases wages as the U.S. Bureau of Labor Statistics' cost-of-living index rises is known as a ________.

Question

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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 cost-of-living index rises.

An Escalator Clause in a Labor Agreement That Automatically Increases