real wages

[ ree-uh l, reel ]
/ ˈri əl, ril /

plural noun Economics.

wages estimated not in money but in purchasing power.

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Compare nominal wages.

Origin of real wages

First recorded in 1880–85
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for real wages

real wages

pl n

economics wages evaluated with reference to their purchasing power rather than to the money actually paidCompare 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

Cultural definitions for real wages

real wages

Wages adjusted for the prevailing level of consumer prices. (See also constant dollars.)

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.