Advanced A term referring to wages that considers purchasing power, reflecting the actual value of income after accounting for inflation or changes in the cost of living. Clear All
2 Example Sentences Showcasing the Meaning of 'Real Wages'
My grandfather often reminisces about the time when his real wages allowed him to buy a new car without worrying about financial strain.
The labor union tirelessly advocated for fair wages, emphasizing the need for an annual adjustment to real wages to keep pace with economic changes.
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