Cost of living adjustments in labor contracts offer no protection to workers from unexpected inflation.

Name: Cost of living adjustments in labor contracts offer no protection to workers from unexpected inflation.
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Question

Quizplus · Accepted Answer

Cost of living adjustments (COLAs) are designed to provide workers with protection from unexpected inflation by adjusting their wages or salaries to keep pace with the cost of living. So, COLAs do offer some protection to workers from unexpected inflation.

Cost of Living Adjustments in Labor Contracts Offer No Protection