Examlex
Inequality becomes stratification when it is institutionalized and:
Money Wages
The nominal wages received by employees, measured in units of currency rather than purchasing power.
Consumer Price Index
The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Real Wages
These are wages adjusted for inflation, representing the purchasing power of the income received by workers for their labor.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.
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