On Wed, 28 Aug 1996, Gerald Levy wrote:
> Alan's #2894 question:
>
> > Could someone define 'real wage' for me?
>
> What's wrong with the following?
>
> * Money wages statistically adjusted for changes in the average price of
> commodities (i.e. to calculate, using index numbers, the
> non-inflationary or non-deflationary purchasing power of wages).
Jerry, you must mean not "average price of commodities" in general, but
rather commodities consumed by workers. Paul Z.