Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “real wages”

real wages

noun [plural]     (also real income [C or U])
ECONOMICS the value of money earned by workers in an economy at a particular time, after taking into account the effect of inflation on what can be bought with that money: A decrease in real wages and disposable incomes means that mortgage-payers are really suffering from recent interest rate rises. Real wages have fallen behind inflation, and the income gap between rich and poor continues to widen.
(Definition of real wages noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of real wages

More Business English definitions for “real wages”

Word of the Day

warm-up

something that you do to prepare yourself for an activity, especially gentle exercises before a physical activity

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More