nominal wages

plural noun

Economics.

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

nominal wages

plural noun

1. another name for money wages

Word History and Origins

Origin of nominal wages¹

First recorded in 1895–1900

Example Sentences

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

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"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.

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When inflation is rising faster than nominal wages, real wages are falling along with workers’ purchasing power.

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

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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.

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