real income

(redirected from Real Incomes)
Also found in: Financial.

real income

or

real wages

the value of the goods and services that can actually be bought with a given money income or given money wages. Thus while money wages may rise, real wages – measured in terms of the RETAIL PRICE INDEX – may fall, or vice versa, unless adjustments are constantly made to keep real incomes in line with inflation. The general tendency in Western economies has been on average for real wages to rise ahead of INFLATION, bringing numerous consequences, variously seen as benign or malign. However, the opposite tendency has also sometimes occurred, at least for some groups, with real wages failing to rise with inflation, leading to a real decline in living standards.
References in periodicals archive ?
Stewart Wilson, of PwC, said: "Consumer spending - supported by recent rises in real incomes - has continued to drive the Scottish economy.
In a bid to capture real incomes of people, the government announced on Friday to make the 'treasure trove' of 53 million persons public, but it has not yet transformed the data into actionable information that may minimise the chances of its effective utility.
QNB analysis delves into the three main channels through which tariffs are expected to affect both the US and China, including net exports, real incomes and financial conditions.
Colmenares, meanwhile, pointed out that decades of allowing regional wage boards to set minimum wages 'have eroded the real incomes of workers,' thus, a law that would abolish the regional wage boards and reestablish a national minimum wage should be legislated.
But with growing signs that low unemployment is fuelling higher wage growth in advanced economies, real incomes probably wouldn't be squeezed that much," said the report.
Real incomes of the bottom 20 percent of Filipinos grew much faster than the rest of the population and unemployment among the poor dropped.
The highest rates of growth in real incomes of the population recorded in Mangystau region and in the city of Astana.
"Employees have seen their real incomes reduced, but more people are in work as a result."
Minimum wages have not been very successful in raising real incomes, as they end up affecting employment, at least at the margin, negatively.
This has allowed cash-strapped households to keep on top of mortgage repayments, despite a fall in real incomes, with lenders also relaxing debt demands through forbearance.
The problem is that of low wages and falling real incomes for working class families, the Government is silent on this critical point.