[OPE-L:2896] Defining real wages

Gerald Lev (glevy@pratt.edu)
Wed, 28 Aug 1996 02:14:11 -0700 (PDT)

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Alan's #2894 question:

> Could someone define 'real wage' for me?

What's wrong with the following?

* Money wages statistically adjusted for changes in the average price of
commodities (i.e. to calculate, using index numbers, the
non-inflationary or non-deflationary purchasing power of wages).

In OPE-L Solidarity,