money wages

(redirected from nominal wages)
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Money Wages

The dollar amount of an hourly wage, without regard for purchasing power, inflation, or other factors that may affect a wage's value. See also: Real Income, New York Dollar.

money wages

WAGE RATES expressed in terms of current MONEY values. An increase in the general level of prices that is not matched by an equivalent rise in money wages, either because of MONEY ILLUSION on the part of the labour force or because employers refuse to grant money wage increases, will cause REAL WAGES to fall; that is, an unchanged money-wage rate will now buy fewer goods and services at the higher level of prices.