nominal wages

plural noun

Definition of nominal wages

: wages measured in money as distinct from actual purchasing power

Examples of nominal wages in a Sentence

Recent Examples on the Web The strained labor market has raised annual growth in nominal wages in low-pay industries by 4 to 6 percentage points in the U.S. and U.K. from mid-2020 to late 2021. Eric Martin,, 31 Mar. 2022 Higher nominal wages move more taxpayers more quickly into higher tax brackets even if their real standard of living declines. The Editorial Board, WSJ, 12 Jan. 2022 As nominal wages and prices rise, that adjustment will shield more money from taxation and block inflation—currently above 5% on an unadjusted annual rate—from causing a sharp tax increase. Richard Rubin, WSJ, 23 Oct. 2021 Although nominal wages of some workers have risen, raises are largely canceled by higher prices. Phillip Molnar, San Diego Union-Tribune, 18 June 2021 Sure, on average and given enough time, nominal wages might rise to match the nominal price level. Joseph C. Sternberg, WSJ, 22 Apr. 2021 In the new government jobs report, year-over-year nominal wage growth is 2.7 percent nationwide as of June, a solid but not stellar pace. Laurent Belsie, The Christian Science Monitor, 6 July 2018 Recent data show, however, that the problem rich countries face is not that nominal wage growth has failed to respond to economic conditions. The Economist, 30 June 2018 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. Glenn Kessler, Washington Post, 7 Feb. 2018 See More

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, in the meaning defined above

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The first known use of nominal wages was in 1814

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nominal value

nominal wages

nomina nova

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Cite this Entry

“Nominal wages.” Dictionary, Merriam-Webster, Accessed 28 Jun. 2022.

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