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.
1 As labor productivity increases, wages increase. 2  If nominal wages increase faster than increase in labor productivity, we will have inflation in the economy, equal to that differential. 3  If nominal wages increase by 5%, while labor productivity has only increased by 2%, inflation will be around 3%.