nominal wages

American  

plural noun

Economics.

1. wages measured in terms of money and not by their ability to command goods and services.

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nominal wages British  

plural noun

1. another name for money wages

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Etymology

Origin of nominal wages

First recorded in 1895–1900

Example Sentences

Economists and Federal Reserve officials worried about inflation may welcome slower pay gains, but nominal wages are now growing below the 4% “sustainable” rate that economists estimate is consistent with 2% inflation, writes Jan Hatzius, chief economist at Goldman Sachs.

From Barron's

That means New Yorkers are pushed into higher income brackets as their nominal wages climb over time.

From The Wall Street Journal

"We have wages now beating prices, nominal wages growing faster than prices, and that dynamic in our economy creates a pretty persistent flywheel," he said.

From Reuters

Total cash earnings, or nominal wages, increased 2.5% year-on-year in May, after rising a revised 0.8% in April.

From Reuters

Nominal wages rose 1.9% in the last fiscal year ended in March, the fastest increase in 31 years, but inflation at 3.8%outpaced those pay gains, resulting in real wages falling 1.8% in fiscal 2022, the data showed.

From Reuters