nominal wage

Examples (10)

• The union negotiated a 5% increase in the nominal wage for all workers.
• Economists often differentiate between nominal wage and real wage.
• A higher nominal wage does not necessarily mean an increase in purchasing power.
• Due to inflation, the value of his nominal wage had significantly decreased over time.
• Many workers were disappointed to find their nominal wage gains eroded by rising prices.
• The government report detailed the average nominal wage growth across various sectors.
• Understanding the difference between nominal wage and real wage is crucial for economic analysis.
• His nominal wage appeared high, but the cost of living in the city was equally high.
• The annual adjustment only affected the nominal wage, not the real buying power.
• Policymakers are concerned about stagnant nominal wage growth in the current economic climate.