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.