A cost-of-living adjustment (COLA) clause in an employment contract
Group of answer choices
ensures that a wage is sufficient to cover the cost of living given prices in the local area.
requires the employer to increase wages to keep pace with inflation.
ensures that jumps in the cost of living will not come as a surprise.
requires the employee to adjust work hours to keep pace with inflation.
entitles the employee to take a second job to ensure earnings keep pace with inflation.
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