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real wages

[ree-uh l, reel] /ˈri əl, ril/
noun
1.
wages estimated not in money but in purchasing power.
Compare nominal wages.
Origin
1880-1885
1880-85
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for real wages
  • 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.
  • Others blame weak demand, as high inflation, falling real wages and fears for the future discourage household consumption.
  • The middle-aged face falling real wages and diminished pension rights.
  • The snag is that the number of losers-including those facing lower real wages-may be bigger than he thinks.
  • Thus, higher productivity would increase real wages and raise the cost of goods and services that the government buys.
  • Essentially, at the zero bound with falling prices and output, labour demand increases with real wages.
  • Investment to increase productivity and exports is the key to developing good jobs at rising real wages.
British Dictionary definitions for real wages

real wages

plural noun
1.
(economics) wages evaluated with reference to their purchasing power rather than to the money actually paid Compare money wages
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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real wages in Culture

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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