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nominal wages

plural noun, Economics.
wages measured in terms of money and not by their ability to command goods and services.
Compare real wages.
Origin of nominal wages
First recorded in 1895-1900 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for nominal wages
Contemporary Examples
Historical Examples
  • nominal wages had been actually forced down below the starvation point.

  • But protection has not even raised the nominal wages in most of the unprotected industries.

  • They sailed for nominal wages and primage, or five per cent of the gross freight paid the vessel.

    The Old Merchant Marine Ralph D. Paine
  • Now let us see what the workman could do to advance real wages as contrasted with nominal wages.

    Creating Capital Frederick L. Lipman
  • On the basis of the same proportion as in 1920 we arrive at an increase of 10 times in the nominal wages of workmen.

    A Revision of the Treaty John Maynard Keynes
  • With an honest money, real and nominal wages coincide, and a rise or fall of wages is known at once as a benefit or an injury.

    Honest Money Arthur Isaac Fonda
British Dictionary definitions for nominal wages

nominal wages

plural noun
another name for money wages
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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