How Rising Wages and Prices Can Feed Each Other

https://wagepricespiralden.clarionvale.com/posts/how-rising-wages-and-prices-can-feed-each-other

When wages go up, people have more money to spend, which can push prices higher as demand grows. Higher prices then make workers ask for raises to keep up, so wages rise again. This cycle, often called a wage-price spiral, can be hard to break if it picks up speed.