real wages

real wages definition - business

real wages

Wages adjusted for changes in purchasing power. For example, a wage increase of 4% during a period of 5% inflation results in a decline in real wages.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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