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LSDefine

Simple English definitions for legal terms

real wages

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A quick definition of real wages:

Real wages refer to the amount of money a person earns for their work, taking into account the cost of living. This means that real wages are adjusted for inflation, so that people can see how much their money is actually worth. For example, if someone earns $10 an hour and the cost of living goes up by 2%, their real wage would be $9.80 an hour. Real wages are important because they show how much purchasing power people have and whether their income is keeping up with the cost of living.

A more thorough explanation:

Definition: Real wages refer to the wages that an employee receives in terms of their purchasing power, after adjusting for inflation. It is the actual amount of goods and services that an employee can buy with their wages.

Example: If an employee earns $20 per hour and the inflation rate is 2%, their real wage would be $19.60 per hour. This means that they can buy less with their wages due to the increase in prices caused by inflation.

The example illustrates that real wages take into account the impact of inflation on the purchasing power of an employee's wages. It shows that even if an employee's nominal wage (the amount they earn in dollars) remains the same, their real wage (the amount they can buy with their wages) can decrease due to inflation.

real things | real warrandice

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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