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This kind of rise in price level is called wage-push inflation. Not only labour
unions, the firms enjoying monopoly power have also been found causing rise in
the general price level. The monopolistic and oligopolistic firms push their profit ...
Rather than risking a disruption in production, firms in the industry may agree to
wage increases and, in turn, raise prices of their products. Wage push inflation,
therefore, requires two conditions: strong labour unions and the market power of
...
3
Principles Of Economics, 2E
(i) Wage-Push Inflation. Wage-push inflation is attributed to the exercise of
monopoly power by the labour unions to get their money wages enhanced more
than the competitive labour market conditions would permit. Organized and
powerful ...
4
General Knowledge Digest 2010
Depending on the cause of inflation, three types of inflation are identified under
the 'Cost-Puch inflation': (i) Wage-push inflation, (ii) Profit-push inflation and (iii)
Supply-shock inflation. (i) Wage-push inflation: Wage-Push inflation is a result of
...
5
Tmh General Knowledge Manual
Depending on the cause of inflation, three types of inflation are identified under
the 'Cost-Puch inflation': (i) Wage-push inflation, (ii) Profit-push inflation and (iii)
Supply-shock inflation. (i) Wage-push inflation: Wage-Push inflation is a result of
...
6
Power, Norms, and
Inflation: A Skeptical Treatment
The "sociological" explanation of inflation stands or falls with wage-push
mechanisms.2 Consequently, most of the rest of this book is concerned, directly
or indirectly, with theories of wage-push inflation and the evidence presented in
support ...
The upward shift in the aggregate supply function and the resulting rise in the
general price level due to the first factor is designated as the 'wage-push' inflation
to distinguish it from the 'profit-push' inflation resulting from the operation of the ...
8
Macroeconomic Theory, 13E
A restrictive wage policy may check a wage-push inflation provided it reduces the
aggregate demand and output sufficiently to create enough unemployment to
prevent wage increases in excess of the increase in the labour productivity.
9
Adjustment and Financing in the Developing World: The Role ...
Along the way, an effort is made to maintain real profits by anticipating the price
increases that will result from the wage-push inflation. Thus, it is not uncommon
for a wage-push inflation to be accompanied by a profits-push inflation. Another ...
Tony Killick, Overseas Development Institute (London, England), 1982
(b-1) 'Pure' Wage-push Inflation: Aggressive increases of wage rate are followed
by induced and/or supportive demand expansions and by responsive increases
of material prices and other wage rates. (b-2) 'Pure' Price-push Inflation: ...
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Michael Hintze: China Growth Likely To Slow To 5%
Sir Michael Hintze: While some commentators argue that there is a growing risk of wage-push inflation in the US, I believe there are structural changes to energy ... «ValueWalk, 七月 15»
Average hourly earnings tick up along with inflation to $24.78
Over the past decade, wages have more or less kept pace with inflation, but they haven't ... The biggest use of the ECI is to identify wage-push inflation. «Market Realist, 三月 15»
Friday stocks obliterated by 'positive' employment figures
The worst thing of all about increasing employment is that we might encounter that dreaded boogie man known as “wage-push inflation.” And wage-push ... «Communities Digital News, 三月 15»
Do Minimum Wage Increases Benefit the Middle Class?
While the impact of such increases will vary across sectors, regions and competitive situations, the likely aggregate effect is wage-push inflation, unless a good ... «Huffington Post, 十月 14»
If we measure inflation by the RPI, real pay is still falling
If we measure inflation by the Retail Price Index – far more commonly used than ... to go before it will be credible to say that there is a risk of wage-push inflation. «Left Foot Forward, 四月 14»
Wage-Push Inflation is Japan's Next Bullish Driver
In mid-December, I said that we could be seeing the start of “wage-push inflation” in Japan after the All Toyota Workers Union said it will push for higher wages ... «Forbes, 十二月 13»
Wage Inflation - A Bond Bull Turns Bearish
How could we see inflation in wages in such a soft labor market? .... this segment of the labor market is going to be large enough to create wage-push inflation. «The Market Oracle, 五月 13»
Inflation: Myths and perceptions
The general view on the street is that Malaysia suffers from rising inflation. Do the ... again and thus begins the vicious cycle economists call wage-push inflation. «Malaysia Star, 七月 11»
Inflation and the Yield Curve
Until unemployment drops in this country, there's no possibility of the kind of wage-push inflation that spurred 1970s inflation. Inflation has ticked up in China ... «Investing Daily, 二月 11»
