As he points out, real wages are still falling.

他指出，工资会持续下降。

Real wages are beginning to emerge from their long slump, making people feel, if not richer, at least not poorer.

实际工资正渐渐从漫长的经济不景气中复苏，使民众觉得：既然没有更富，那至少也没再穷下去。

American real wages are growing on a monthly basis but they remain lower than a year ago.

美国人的实际工资每月都在增长，但仍低于一年前的水平。

To ensure that inflation does not continue to accelerate, the authorities need to curb real wages.

为了确保通货膨胀不会继续发展，当局需要抑制实际工资水平。

US inflation has been at historically high levels for several months, while real wages have fallen for the 15th consecutive month.

美国通胀水平已连续数月处于历史高位，实际工资却连续第 15 个月下降。

Indeed, large cuts in real wages help explain why the jobs market has hummed along in an otherwise sluggish economy.

事实上，实际工资大削减有助于解释为什么就业市场在萧条的经济中仍高歌猛进。

So now we're seeing workers seeing real wage growth.

所以现在我们看到工人的实际工资增长。

Sinking real wages can act as a drag on spending and inflation.

实际工资下降会拖累支出和通胀。

I mean, real wages have pretty much flatlined for about a decade.

我的意思是， 大约十年来实际工资基本持平。

Real wage growth in many rich economies has been disappointing for much of the past two decades.

在过去20年的大部分时间里，很多发达经济体实际工资的增长都令人失望。

People are grappling with a decline in real wages, meaning their money buys less.

人们正在努力应对实际工资的下降，这意味着他们的钱买得更少。

The greater part of the apparent profit is, in this case too, real wages.

在这种情况下， 表观利润的大部分也是实际工资。

If prices rise and the nominal wage remains constant, the real wage falls.

【nominal】如果物价上涨而名义工资保持不变，其实等于工资降低。

And yet there's people that say in Japan, well, real wages aren't going up.

然而，在日本，有人说，好吧，实际工资不会上涨。

The greater part of the apparent profit is real wages disguised in the garb of profit.

大部分表观利润是披着利润外衣的实际工资。

That money-wages should be more stable than real wages is a condition of the system possessing inherent stability.

货币工资应该比实际工资更稳定， 这是制度具有内在稳定性的条件。

Labor was in short supply, and real wages were much higher than they were in England.

劳动力不足，需要支付的实际工资又比英国高得多。

However, the pessimistic estimation halts  the real wage growth at about 15 percent, which is below the GDP growth.

然而，悲观估计将实际工资增长率定在 15% 左右，低于 GDP 增长率。

Thus the attribution of relative stability to real wages is not merely a mistake in fact and experience.

因此，将相对稳定性归因于实际工资不仅是事实和经验上的错误。

Does it follow from this that the existing level of real wages accurately measures the marginal disutility of labour?

由此是否可以得出现有的实际工资水平准确地衡量了劳动力的边际负效用？