Income expressed in terms of its monetary value, with no account taken of its purchasing power: negotiations over pay are about changes in money wages since unions do not negotiate with employers about the prices of the products they produce
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.
- Money wages per job may not rise much, but money wages times jobs ought to, the Chairman knows.
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