real wages

[ree-uhl, reel]
noun
wages estimated not in money but in purchasing power.
Compare nominal wages.


Origin:
1880–85

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
real wages
 
pl n
economics Compare money wages wages evaluated with reference to their purchasing power rather than to the money actually paid

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Cultural Dictionary

real wages definition


Wages adjusted for the prevailing level of consumer prices. (See also constant dollars.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
Thousands of manufacturing jobs were irreversibly shed and real wages steadily
  declined.
In many countries average real wages are flat or even falling.
Instead they need a combination of lower real wages, lower input prices and
  higher productivity.
Workers are resistant to pay cuts, so the necessary reduction in real wages
  relies on a long period of below-average inflation.
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