Nominal wage

Nominal wage,

Definition of Nominal wage:

  1. Dollar amount of wage, as distinct from its true value in terms of what it will buy in goods and services.

How to use Nominal wage in a sentence?

  1. Joe believed that the nominal wage that the company paid him for his work was fair and competitive for his job description.
  2. I wondered what the nominal wage was and how much it could buy because I was really interested in everything to do with wages.
  3. The nominal wage did not take into account the inflation that would be critical to understand the spending habits of the region.

Meaning of Nominal wage & Nominal wage Definition