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real wages
[ ree-uhl, reel ]
plural noun
- wages estimated not in money but in purchasing power.
real wages
plural noun
- economics wages evaluated with reference to their purchasing power rather than to the money actually paid Compare money wages
real wages
- Wages adjusted for the prevailing level of consumer prices. ( See also constant dollars .)
˜yÐÄvlog History and Origins
Origin of real wages1
Example Sentences
Real wages have been growing for a year-and-a-half running.
Frustrating to Democratic stalwarts is the fact that not all voters have been moved by improving economic indicators, with the buying power of “real wages†growing nationally over the last year.
According to a much-cited academic study by Alan S. Blinder and Mark W. Watson, that’s been true at least since from the Truman administration through Barack Obama’s first term, and is true in every major economic category: GDP growth, job creation, unemployment, growth in real wages and controlling inflation.
As far as I can tell, administration officials, including Biden himself, talk about low unemployment, falling inflation and rising real wages — and do so very carefully, studiously avoiding the bombast and excessive boasting so common in the previous administration.
There's also been no significant growth of real wages in India since 2014, according to numbers computed by noted developmental economist Jean Dreze.
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