what is wage spillover 
wage spillover refers to the spillover effects that stem from changes in wages this could involve anything from increased consumer spending inflation fluctuations in employment and variations in local tax revenue the bottom linespillover effects are indirect economic impacts that countries or regions may experience as a consequence of shifts or events elsewhere due to globalization and the interconnectedness of markets it s rare for any economy to be completely insulated from spillover effects for the large part the term is used to refer to negative knock on impacts though spillover effects can also be occasionally positive 