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  2. Real and nominal value - Wikipedia

    en.wikipedia.org/wiki/Real_and_nominal_value

    nominal wage rate: $10 in year 1 and $16 in year 2 price level: 1.00 in year 1 and 1.333 in year 2, then real wages using year 1 as the base year are respectively: $10 (= $10/1.00) in year 1 and $12 (= $16/1.333) in year 2. The real wage each year measures the buying power of the hourly wage in common terms.

  3. Wage unit - Wikipedia

    en.wikipedia.org/wiki/Wage_unit

    The wage unit is a unit of measurement for monetary quantities introduced by Keynes in his 1936 book The General Theory of Employment, Interest and Money (General Theory). [1] A value expressed in wage units is equal to its price in money units divided by the wage (in money units) of a man-hour of labour.

  4. Real wages - Wikipedia

    en.wikipedia.org/wiki/Real_wages

    Following the recession of 2008 real wages globally have stagnated [6] with a world average real wage growth rate of 2% in 2013. Africa, Eastern Europe, Central Asia, and Latin America have all experienced real wage growth of under 0.9% in 2013, whilst the developed countries of the OECD have

  5. Keynes's theory of wages and prices - Wikipedia

    en.wikipedia.org/wiki/Keynes's_theory_of_wages...

    Keynes's simplified starting point is this: assuming that an increase in the money supply leads to a proportional increase in income in money terms (which is the quantity theory of money), it follows that for as long as there is unemployment wages will remain constant, the economy will move to the right along the marginal cost curve (which is ...

  6. Wage curve - Wikipedia

    en.wikipedia.org/wiki/Wage_curve

    The wage curve [1] is the negative relationship between the levels of unemployment and wages that arises when these variables are expressed in local terms. According to David Blanchflower and Andrew Oswald (1994, p. 5), the wage curve summarizes the fact that "A worker who is employed in an area of high unemployment earns less than an identical individual who works in a region with low ...

  7. 5 biggest financial regrets and lessons from baby boomers - AOL

    www.aol.com/finance/5-biggest-financial-regrets...

    2. Invest in stocks, mutual funds and ETFs. While saving money is great, investing your cash in assets such as stocks, mutual funds and ETFs is a tried-and-true way to build wealth for retirement ...

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