Noun
Stroke 0 / 32
Nominal wages are wages that do not take into account price fluctuations.
In economics, it is important to understand the difference between nominal wages and real wages.
During periods of high inflation, even if nominal wages rise, real purchasing power may decrease.
Companies are considering raising nominal wages, but need to carefully evaluate the impact.
According to statistical data, last year's nominal wages showed only a slight increase compared to the previous year.
Kumi's KMT system tracks your mastery across kanji, vocabulary, grammar, and reading. Create a free account to use it on 220,000+ concepts.