If you run a business and your wage bill is rising again in April… this one’s for you.The National Living Wage is going up by over 4%. Inflation is sitting around 3%. The Bank of England says wage growth above target risks keeping inflation sticky.So who’s right?Matt and Charlie go head-to-head on the wage spiral debate — whether increasing minimum wage above inflation fuels further price rises, or whether businesses are too quick to blame wages for broader cost pressures.This isn’t theory. It’s payroll, margins, hospitality, retail, SMEs and the real decisions business owners have to make when costs move faster than productivity.No politics. No grandstanding. Just what actually happens on the ground.Takeaways:💥 Why wage growth above productivity creates pressure somewhere in the system📊 CPI explained properly — and why services inflation matters most🏪 The SME squeeze: labour, NI, pensions and margin compression📈 Absorb the cost or pass it on? The uncomfortable pricing reality⚙️ Productivity vs pay — and why efficiency is no longer optionalIf wages rise 4% but output doesn’t… someone pays.The question is: who — and for how long?Follow Matt:📸 Instagram - https://www.instagram.com/mrmattholland/👨‍💻 LinkedIn - https://www.linkedin.com/in/mrmattholland/📱 TikTok - https://www.tiktok.com/@mrmattholland❌ X - https://x.com/mrmattholland1Follow Charlie:📸 Instagram - https://www.instagram.com/theworkwearexpert👨‍💻 LinkedIn - https://www.linkedin.com/in/charlie-smith-1a55295b/