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definitions

nominal wages

plural noun Economics.

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

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Nearby words

  1. nominal damages,
  2. nominal par,
  3. nominal scale,
  4. nominal sentence,
  5. nominal value,
  6. nominalism,
  7. nominalize,
  8. nominally,
  9. nominate,
  10. nomination
Compare real wages.

Origin of nominal wages

First recorded in 1895–1900
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for nominal wages

nominal wages

pl n

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