Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
As wage inflation occurs, people will be able to buy more products. A general misconception is that when wages rise, prices also rise and according to the Federal Reserve Bank of Cleveland, there is little support that wage inflations cause price inflation. Related Reading: Factors for Purchasing Power.