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

» Consequences

SUBCHAPTER

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chapter

Consequences (Wage Spiral)

The consequences of the wage spiral are the necessities of reducing the hours worked and increasing the wages step by step.

- The wage spiral requires the reduction of hours worked and the increase of the wages -