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respond to this discussion Real wages represent the purchasing power of wages, adjusted for inflation, meaning what you can actually buy with your wages. Nominal
respond to this discussion Real wages represent the purchasing power of wages, adjusted for inflation, meaning what you can actually buy with your wages. Nominal wages, on the other hand, are the wages stated in current dollars without adjusting for inflation. So, real wages show the actual value of wages, while nominal wages show their face value
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