The periodic adjustment of benefits or wages that takes into account the increased cost of living is known as: indexing.
Wages are defined as the amount of money earned by working for a specific amount of time. The payment made in wages system is periodic. It can be on a daily basis or on weekly basis. Wages can be of various types: minimum wage, prevailing wage, and yearly bonuses, etc.
Indexing is the process of keeping a measure of the market value of any property or company, etc. It can be considered as a benchmark indicator through which economic data like inflation, unemployment, gross domestic product (GDP) growth, etc. can be tracked down.
To know more about wages, here
brainly.com/question/14718127
#SPJ4