Examlex
The term newshole refers to the
CPI
The Consumer Price Index is an indicator that calculates the weighted average price of a selection of consumer goods and services, including food, medical care, and transportation.
Real Wages
The purchasing power of wages, taking into account inflation, reflecting the amount of goods and services that can be bought with the wages earned.
Minimum Wage
The lowest legally allowable pay per hour for workers.
Real Wage Rate
The purchasing power of wages when adjusted for inflation, indicating the quantity of goods and services that can be bought.
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