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nominal wages

plural noun Economics.
  1. wages measured in terms of money and not by their ability to command goods and services.
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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. 2018

British Dictionary definitions for nominal wages

nominal wages

pl n
  1. another name for money wages
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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