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real wages

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Definition of real wages in English:

plural noun

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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