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What is another word for real wages?

Pronunciation: [ɹˈi͡əl wˈe͡ɪd͡ʒɪz] (IPA)

Real wages refer to the purchasing power of an individual's earnings after adjusting for inflation. There are many synonyms for real wages, including inflation-adjusted wages, purchasing power wages, adjusted compensation, and constant-dollar earnings. These terms all describe the same concept: the amount of money earned that can actually buy goods and services, rather than simply reflecting a nominal increase in dollars earned. Other related terms include real income and real earnings. It is important to consider real wages in any discussion of compensation or economic policy, as they provide a more accurate picture of an individual's economic well-being than nominal wages alone.
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What are the hypernyms for Real wages?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Real wages

  • In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
    Tim Bishop
  • Inflation outstripped real wages for people who work for pay from others.
    Tim Bishop
  • Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that.
    Stephen F. Lynch
  • Since NAFTA was put in place, Mexico has lost 1.9 million jobs and most Mexicans' real wages have fallen.
    Stephen F. Lynch
  • If workmen are denied any increase in real wages and they can look forward only to a better standard of living through reduction of prices, progress for them is terribly slow, and they become impatient and dissatisfied.
    Charles E. Wilson

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