noun
nominal wages
Economic term referring to wages expressed in current monetary value, not adjusted for inflation. Contrasts with 実質賃金 (real wages).
名目賃金が上がっても、物価も上がれば実質的な生活は変わらない。
Even if nominal wages rise, if prices also rise, real living standards remain unchanged.
実質賃金 (real wages) is adjusted for inflation, reflecting actual purchasing power, while 名目賃金 is the face value of wages.
Compound of 名目 (めいもく, 'nominal') and 賃金 (ちんぎん, 'wages').