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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan