| 单词 | escalator clause |
| 释义 | escalator clause A clause in a contract linking the price or wage to be paid to some other price, or to the cost of living. This linkage may apply to all increases in costs, or only to those beyond some threshold level. If escalator clauses are widely used in contracts or wage bargains, they contribute to cost inflation and make inflation difficult to stop. On the other hand contracts without escalator clauses may have to set prices or wages higher initially because of anticipations of possible increases in costs: this substitutes present inflation for the danger of future inflation implied by escalator clauses. |
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