Real wages

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The term real wages refers to wages that are? Read answer...
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Also known as "real wages".
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real wages Income of an individual, organization, or country, after taking into consideration... real-time Current, as with quotes or news. Opposite of delayed.

But, although the direct intervention of the state, with the view of raising the nominal rates of wages, is, according to theory and experience, of doubtful advantage, still, when we consider real wages in the evident sense of the term, ...

Using imperfect competitive models, they explain the effect of oil price increases on output and real wages.

Charles Feinstein produced an alternative series of real wages based on a different price index. In the Feinstein series, real wages rose much more slowly than in the Lindert-Williamsons series.

Inflation stimulates business and helps wages to rise, but the increase in wages usually fails to match the increase in prices; hence, real wages diminish.

Classical unemployment occurs when real wages are kept above the market clearing wage rate, leading to a surplus of labour supplied.
Classical unemployment is sometimes known as real wage unemployment because it refers to real wages being too high.

Stolper, Wolfgang and Paul A. Samuelson. 1941. "Protection and Real Wages," Review of Economic Studies 9, (November), pp. 58-73. See Stolper-Samuelson Theorem.

Real wage unemployment - Disequilibrium unemployment caused by real wages being driven up above the market clearing level.

This condition results in the short run because of worker misperceptions about real wages and/or rigid wages and prices.

Other downside effects include possible pay cuts and more expensive repayment of consumer debts. The upside of falling prices is that mild deflation would assure working people (at least those who fend off pay cuts) of steadily rising real wages.

(which has a "cannibalizing" effect on the rest of the economy), causes the rest of the populace to slowly sink into debt slavery, creates volatile hyperinflation in the housing market and deflation in the consumer goods market, squeezes real wages, ...

See also: Real wage, Population, Saving, Administration, Equilibrium