Entry from British & World English dictionary
Definition of real wages in English:
Income expressed in terms of purchasing power as opposed to actual money received: what happens to real wages depends on changes in both money wages and prices
More example sentences
- He then proposed to show that since consumer prices had risen less than money wages, real wages had risen.
- Rational behavior suggests that suppliers of labor respond to real wages, rather than money wages.
- In theoretical terms regional real wages are defined as the nominal wage payable in the region divided by the local regional cost of living.
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