From the HRIQ Editorial Staff | 09/17/2012
Productivity of knowledge and service workers will soon become a major issue as creeping inflation becomes more apparent... and workers ask for wage increases.
Increases in wages without corresponding increases in worker productivity inevitably leads to further price increases. Why? Organizations tend to pass cost increases to customers in the form of price increases.
It doesn't take a degree in economics to realize that a wage increase/price increase spiral could soon take hold…...
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