es·ca·la·tor
ˈe-skə-ˌlā-tər
nonstandard
-skyə-
1
a
: a power-driven set of stairs arranged like an endless belt that ascend or descend continuously
b
: an upward course suggestive of an escalator
a never-stopping escalator of economic progress—D. W. Brogan
2
: an escalator clause or provision
: providing for a periodic proportional upward or downward adjustment (as of prices or wages)
an escalator arrangement tying the base pay … to living costs—New York Times
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Merriam-Webster unabridged
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