Will wage increases fuel inflation?

As U.S. inflation hit a 40-year high of 8.6%, critics of cost-of-living wage adjustments—wage changes intended to offset inflation—saw COLAs as a new source of price increases.

Last November, unionized workers at John Deere ended a strike lasting more than a month after winning a contract that included a 20% wage increase over six years and more pension benefits. In particular, he brought back cost-of-living adjustments, with salaries for Deere employees to be adjusted every three months.

USA Today

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