Definition of nominal wages
: wages measured in money as distinct from actual purchasing power
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Recent Examples of nominal wages from the Web
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Total nominal wage and salary payments grew by $369 billion over the last year, which works out to about $2,900 per household.
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The Facts One thing that’s confusing in this conversation is that there are different metrics available: hourly wages, weekly wages, nominal wage growth, real wage growth and so forth.
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They are paid a nominal wage, generally up to $1 per hour.
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Annual growth in private-sector nominal wages this year has been around the 2.5% mark.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'nominal wages.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of nominal wages
1814
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