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

"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

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

From Washington Times

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

Wages are still down in real terms given rapid inflation but low unemployment and growing labour scarcity, especially in services, is driving up nominal wages.

From Reuters