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Definitions for "Real Wage"
Keywords:  wage, nominal, inflation, unadjusted, labor
Related Terms: Cost of living adjustment, Cost-of-living adjustment, Efficiency wage, Indexing, Real, Employment cost index, Indexing, Cola, Compensation rate, Escalator clause, Nairu, Natural rate of unemployment, Inflation rate, Deflator, Base pay, Escalation, Underlying inflation, Phillips curve, Minimum wage, Indexation, Merit increase, Retail price index, Taxable wage base, Prevailing wage, Real rate of interest, Real income, Regular rate of pay, Consumer price index, Real interest rate, Cost-of-living index, Full employment, Cpi, Wage, Salary, Payroll, Total compensation, Inflation, Form w-4, Wages, Payroll tax, Futa, Index lease, Rpi, Constant dollars, Indexed rate, Aww , Average weekly wage, Payroll taxes, Real interest rates
The wage of labor -- or more generally the price of any factor -- relative to an appropriate price index for the goods and services that the worker (or factor owner) consumes.
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the nominal wage divided by the (consumer) price level
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the wage or price of labor adjusted for inflation; in contrast, the nominal wage has not been adjusted for inflation.
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