nominal wages

noun Economics.
wages measured in terms of money and not by their ability to command goods and services.
Compare real wages.


Origin:
1895–1900

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
nominal wages
 
pl n
another name for money wages

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Nominal wages rose significantly faster than in the rest of the zone.
That, coupled with rigid labour markets in some places, led to sharp rises in
  nominal wages.
In deflation the nominal value of debts remains fixed even as nominal wages,
  prices and profits fall.
Nominal wages are simply not flexible enough to get the job done in short order
  and there is much to fear from populist backlash.
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