The total amount of wages received by a country corrected by inflation.
Is basically the average monthly wage multiplied by the number of people in the labor force.
Real Wage = Money Wage / Price Index Real wage measures purchasing power, that is what an hour's labor can buy.
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
real wage is
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the wage measured in dollars of constant purchasing power; the wage measured in terms of the quantity of good and services it buys.
Southampton Football Club is one of the clubs currently playing in the English Premier League. The wage bill of Southampton FC is 64 million pounds.
individual's actual purchasing power
$6.00
purchasing power of maney
The hourly wage was not enough to cover the bill.
Bill Goldberg's real name is William Scott " Bill " Goldberg.