Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
But as in the 1970s with double-digit inflation, nominal wages rose, but families got financially crushed because prices were rising so much faster.
Source: https://www.worldtribune.com/a-look-at-the-numbers-why-americans-are-not-celebrating-bidenomics/
Japan suffered a textbook case of genuine deflation – a term that is often misused, experiencing widespread and deep declines in the general price level, by which we mean not just consumer prices, but real assets, financial assets, and nominal wages.
Maybe it means nominal wages, because when you look at wage increases and inflation together, wage inflation is not our issue.
Source: https://www.pressenterprise.com/2023/03/04/a-conversation-with-ai-on-the-inland-empires-economy/
Service inflation, including labour costs, increased from 5.1% to 5.2% in April, suggesting growth in nominal wages to combat rising prices.
Source: https://www.irishexaminer.com/business/economy/arid-41141068.html
This is in part due to people earning higher nominal wages being pushed into higher tax brackets (aka bracket creep).
Total cash earnings, or nominal wages, grew 4.8 percent year-on-year in December, posting the biggest hike since January 1997’s 6.6 percent.