Japan's real wages in April fell 0.7 percent from a year earlier for the 25th straight month of decline, the longest since comparable data became available in 1991, as wage growth failed to keep pace with inflation, government data showed Wednesday. The size of the decline was smaller than a…
  • tsonfeir@lemmy.worldEnglish
    3·
    6 months ago

    FYI

    A “real wage” refers to the purchasing power of an individual’s income, adjusted for inflation. Unlike nominal wages, which represent the amount of money earned without considering changes in the price level, real wages account for the cost of living and inflation. This adjustment provides a clearer picture of an individual’s true economic well-being, indicating how much goods and services their income can actually buy.