wage growth

Wage growth is a trend of increases in wages, in contrast to wage stagnation. Real wage growth is an increase in wages adjusted for inflation, while nominal wage growth is not adjusted. It is often expressed as an annual percentage increase. In macroeconomics, wage growth is one of the main measures of long-term economic growth, since it reflects the consumer's purchasing power in the economy as well as the level of living standards. Positive wage growth is often accompanied by price inflation,