money wages


Also found in: Financial.

money wages

pl n
(Economics) economics wages evaluated with reference to the money paid rather than the equivalent purchasing power. Also called: nominal wages Compare real wages
References in periodicals archive ?
"We can't get involved with the big money players or big money wages.
Provided there is no downward pressure on money wages from increased competition for work, the automatic effect of technological innovation is to raise the standard of living.
The assertion that money wages are downwardly rigid is not, in my view, a credible explanation of persistent unemployment.
If firms and laborers negotiate in terms on money wages, rather than real wages, then the amount of money in the economy is extremely important.
If firms and workers negotiate in terms of money wages, rather than real wages, then the amount of money in the economy is extremely important.
To the extent that money wages in turn affect prices, it is difficult to untangle the causality here--and this is the note on which Lipsey ends his paper, far from endorsing a simple relationship between unemployment and wage or price inflation.
The (exogenous demand led) growth possibility would rely mostly on increases in labor productivity, via increase in plant size, achieved through greater rationalization of vertical integration that reduces the demand for employment, and would be associated with less than proportionate increases in money wages. That is, as plant size is increased, the labor requirement to operate the plant may not increase proportionately.
Table 4: Rate and Indexes of Consumer Prices, Money Wages, Productivity, and Productivity-Adjusted Real Wages Indexes (1929 = 100) Money Productivity Unemployment Consumer Wages Rate Prices Annual Hourly Annual 1929 3.2% 100.0 100.0 100.0 100.0 1930 8.7% 97.3 97.4 98.4 94.8 1931 15.9% 88.6 90.4 94.4 94.4 1932 23.6% 79.6 80.1 82.4 81.8 1933 24.9% 75.4 73.3 82.6 87.6 Productivitiy -Adjusted Unemployment Real Wage Rate Hourly Annual Hourly 1929 100.0 100.0 100.0 1930 96.3 106.7 105.0 1931 97.1 111.4 109.7 1932 93.4 118.5 110.1 1933 91.6 117.0 119.6
Another key trait: "Unlike all the other groups, they have to rely almost entirely on money wages or money incomes," Standing said.
In other words, Keynes was arguing--and today's facts demonstrate--that, given the existence of multinational firms and the ease with which mass production technology can be transferred internationally, differences in production costs in mass production industries reflect national differences in money wages per hour of human labor plus the differences in costs due to differences in required labor safety facilities, etc.
Some people may be cynical and think he's just taking big money wages but I prefer to believe he sincerely wants to stay and fight to prove himself in time.
One way of ensuring that there is no debauchment in the value of money is to have an adequate reserve army of labour which ensures that money wages do not increase autonomously.