real wages

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Related to Real income: Nominal income

real wages

pl n
(Economics) economics wages evaluated with reference to their purchasing power rather than to the money actually paid. Compare money wages

real wages

Wages which are in terms of the goods and services money will buy as distinct from nominal wages which are simply wages in terms of money. If there is an inflation real wages may fall while nominal wages may rise.
References in periodicals archive ?
The reason is because they are not confident their real income will actually rise despite the rosy outlook.
However, at the last moment the head of auction committee has reduced the prices of goods by 50 per cent, decreasing the real income to 14 million rupees, causing a loss to the national exchequer.
Its Real Income Builder, which invests predominantly in large cap equities and investment-grade fixed income securities, is also aimed at retail and private wealth clients, charities and foundations.
While current-price income data at the state level have been published by the Bureau of Economic Analysis (BEA) for many decades, official (BEA) estimates of real income have not been available.
A problem in the UK has been a lack of real income growth.
The report argued that, despite often large variations in predicted wage increases, the real income improvements were quite similar across the globe as inflation rates closely tracked pay rises in the major economies.
However, the social welfare gains in this largest free trade zone, with over 800 mln inhabitants, would stand in contrast with real income and employment losses in the rest of the world.
But the issue is the year on year decrease in real income for the majority of working families.
In this Appendix, we present the production theory framework used in the article "New Estimates of Real Income and Multifactor Productivity Growth for the Canadian Business Sector, 1961-2011" published in the Fall 2012 issue of the International Productivity Monitor (1) The main reference is Diewert and Morrison (1986), but we also draw on the theory of the output price index, which was developed by Fisher and Shell (1972) and Archibald (1977).
UK residents will see a rise in real income levels next year for the first time since the start of the economic downturn, says a new study.
Worcester was the only New England city to make the real income list.
The potential for further growth was attributed to a population increase and high real income growth, in addition to continuing low interest rates.