nominal wages


Also found in: Financial.

nominal wages

pl n
(Economics) another name for money wages

nom′inal wag′es


n.pl.
wages measured in terms of money and not by their actual purchasing ability.
[1895–1900]
References in periodicals archive ?
Furthermore, nominal wages are still growing, suggesting that the risk of a wage-price deflationary spiral remains remote.
As a result, nominal wages are forecast to grow by 3.
Although nominal wages fell in December, inflation-adjusted wages have generally been rising, and job growth has picked up in sectors that traditionally provide good, middle-class jobs.
It is commonly believed that real wages can fall due to high price inflation, but it is widely thought that nominal wages do not fall (see, inter alia, Bewley, 1999).
Nominal wages, however, are sticky or slow to adjust, so a sudden fall in die price of domestically produced goods would sharply increase unemployment.
However, the trend line in nominal wages flattened just before the official recession ended in June 2009.
export-oriented production sectors, causing soaring unemployment, pulling nominal wages down and dramatically
Fiscal Studies editor Claire Crawford said: "The falls in nominal wages workers have experienced are unprecedented.
Hence, firms in regions with higher inflation rates may find it easier to transfer the pension burden to employees by hindering the growth of their nominal wages.
Nominal wages were down in year-on-year terms at the end of the year, in keeping with the vital cost adjustment in the economy and the maintenance of wage growth below productivity growth.
On a brighter note, as we suspected, December nominal wages growth, which was initially estimated to have plunged (to 6.
For several months, monthly job creations have exceeded 150,000 and nominal wages have been increasing at a four per cent annual rate," it added.