wages measured in terms of money and not by their ability to command goods and services.
another name for
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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.
Wage inflation ultimately leads to increases in consumer prices as higher nominal wages boost spending power.
Labor markets were already tight when the year began, and nominal wages had started to rise faster than previously.
Our sketch has nothing to do whether it is real or nominal wages that are posted.
Nominal wages change sluggishly given that they are set in long-term staggered contracts.
Other commodity prices were moderating, and nominal wages appeared to be rising only slowly.
Thus, in the presence of sticky nominal wages, price inflation depends on the wage gap in addition to the employment gap.