nominal wages rose at just a 1.4 percent annual rate, also not a good sign.
Now let us see what the workman could do to advance real wages as contrasted with nominal wages.
But protection has not even raised the nominal wages in most of the unprotected industries.
nominal wages had been actually forced down below the starvation point.
They sailed for nominal wages and primage, or five per cent of the gross freight paid the vessel.
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.
On the basis of the same proportion as in 1920 we arrive at an increase of 10 times in the nominal wages of workmen.