THE WORLD SPIRIT - Part 2:

Studies of Economic Change

BEGIN:
Preparation

Chapter 1:
Assumptions

Chapter 2:
Demography

Chapter 3:
Unemployment

Chapter 4:
Worst Case

Chapter 5:
Life Cycle

Chapter 6:
Wage Spiral

Chapter 7:
Labor Demand

Chapter 8:
Labor Market

Chapter 9:
Inequality

Goals and
Measures

Conclusion/
Others

Chapter 6:
Wage Spiral

» Summary

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Summary (Wage Spiral)

Wages spiral of high and low wages

- High wages enable high wages and low wages require low wages -