price wage spiral的意思|示意

Other economists reckon that with productivity high and wages muted, a pernicious wage-price spiral of the kind that lay behind soaring inflation in the 1970s is unlikely.

其他经济学家认为，目前美国生产率涨势迅猛，而工资上涨迟缓，因此不会出现70年代那种由于工资螺旋式上升导致的通胀。

But Mr Trichet's concern is that higher headline rates could push up inflation expectations, leading to bigger pay demands, and so trigger a wage-price spiral, as in the 1970s.

特里谢先生担心，现在的情况可能如同70年代一样，更高的整体通货膨胀率会提升通货膨胀预期，引发大幅加薪的需求，从而引发工资价格的螺旋上升。

But as I said, this time around there's no wage-price spiral in sight.

但是正如我说的，这次我们没有看到工资-物价的螺旋上升。

Price rises change expectations of inflation, leading workers to bid for wage increases that preserve their buying power and firms to push through price increases, generating a vicious spiral.

价格上涨改变通胀预期，致使工人为维持购买力而要求涨工资，企业推动价格上涨，从而产生一个恶性工资-价格螺旋。

And since there isn't a wage-price spiral, we don't need higher interest rates to get inflation under control.

并且，因为不存在工资-物价的螺旋上升，我们就不需要提高利率来控制通货膨胀。

The central bank's only job is to make sure higher food costs do not translate into higher pay demands, which might start a wage-price spiral.

央行的唯一职责就是确保高昂的食品价格不会转化为加薪的需求，这也许会导致工资轮番上涨。