Real wages are wages adjusted for inflation, or equivalently wages in terms of the amount of goods and services that can be bought. This term is used in...

Q {\displaystyle Q} of a quantity, such as wages or total production, to obtain its real value. The real value is the value expressed in terms of purchasing...

The iron law of wages is a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain...

minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws...

in real wages (expressed in Big Macs an hour of Basic Crew work can buy) that are one fifth lower than the corresponding increases in nominal wages. Buchwald...

orthodox teachings of capital accumulation, the essential demand crisis and real wages by comparing it to Karl Marx's Das Kapital. It is a wide-ranging critique...

curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute time...

relative prices of output and relative factor returns—specifically, real wages and real returns to capital. The theorem states that—under specific economic...

yearly bonuses, and remunerative payments such as prizes and tip payouts. Wages are part of the expenses that are involved in running a business. It is...

after Bill Phillips, that correlates reduced unemployment with increasing wages in an economy. While Phillips did not directly link employment and inflation...

associated with near-stagnation of real median wages. In about a third of the covered OECD countries, real median wages have grown at similar or even higher...

the country's nominal GDP fell from $5.33 trillion to $4.21 trillion, real wages fell around 11%, while the country experienced a stagnant or decreasing...

home as a result of rising housing prices and interest rate hikes. Real wages (wages adjusted for inflation) for most workers in the United States and...

described as an atmosphere of greed, reduced economic mobility, declining real median wages, and the national debt tripling in eight years which ultimately reversed...

after 1820, but real wages and the standard of living lagged behind. According to Robert Allen, at the end of the Middle Ages, real wages were similar across...

persist in the future, they will increase their (nominal) wages and prices now. (See real vs. nominal in economics.) This means that inflation happens...

From 1943 to 1946, real wages grew by only 4%, but in 1945 Perón established two new institutions that would later increase wages: the "aguinaldo" (a...

manufacturing sector. This typically causes agricultural and unskilled industrial real wages to rise. The term is named after economist W. Arthur Lewis. Shortly after...

2632 percent (4645 percent in the CIS). Unemployment increased and wages fell in real terms, although in Russia and other CIS economies the rate of unemployment...

of industrialization led to real wage growth of 60% from 1860 to 1890, spread across the increasing labor force. Real wages (adjusting for inflation) rose...

population. Increases in wages fail to keep up with inflation for middle-income earners, leading to a relative decline in real wages, while at the same time...

to falling food prices and a peak in real wages around 1500, after which population growth began reducing wages. After 1540, increasing precious metals...

In macroeconomics, rigidities are real prices and wages that fail to adjust to the level indicated by equilibrium or if something holds one price or wage...

and real wages increase in a non-sustainable way leading to inflation, then stagflation and ultimately an economic collapse that drops real wages to lower...

The Theory of Wages is a book by the British economist John Hicks, published in 1932 (2nd ed., 1963). It has been described as a classic microeconomic...

continued to maintain thriving textile industries and relatively high real wages. However, the former was devastated by the Maratha invasions of Bengal...

poorly enforced and did not stop the rise in real wages. However, immediately after the Black Death, real wages did not rise, despite the labour shortage...

shows that Median Real Wages Increased by 2.5% (from $314 to $322). After the Economic Recovery Tax Act of 1981 revenues fell by 6% in real terms. This promoted...

rate of wage increases, giving a smaller effect if any on the changes in real wages. Moreover, the response of inflationary expectations to monetary policy...

domestic nominal and real wages, and the nominal rate of the Spanish peso used at the time continued to fall. However, the real effective exchange rate...