What is another word for real wages?
Pronunciation: [ɹˈi͡əl wˈe͡ɪd͡ʒɪz] (IPA) 
Real wages refer to the purchasing power of an individual's earnings after adjusting for inflation. There are many synonyms for real wages, including inflation-adjusted wages, purchasing power wages, adjusted compensation, and constant-dollar earnings. These terms all describe the same concept: the amount of money earned that can actually buy goods and services, rather than simply reflecting a nominal increase in dollars earned. Other related terms include real income and real earnings. It is important to consider real wages in any discussion of compensation or economic policy, as they provide a more accurate picture of an individual's economic well-being than nominal wages alone.
