If cost-of-living adjustments are written into labor contracts, wage raises are higher the greater the inflation rate.

Name: If cost-of-living adjustments are written into labor contracts, wage raises are higher the greater the inflation rate.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Cost-of-living adjustments are designed to keep wages in line with inflation, therefore if there is a high inflation rate, the wage raises will be higher to compensate for the increased cost of living.

If Cost-Of-Living Adjustments Are Written into Labor Contracts, Wage Raises