The real wage is the amount of goods and services someone can purchase when they are paid. If wages are increased, but prices for goods remain the same, the real wage increases. Conversely, if wages stay the same but prices increase, the real wage decreases.
Americans are earning less than they were in the 1970s. For example, real wages for workers without college degrees have fallen by about 10% over 40 years. This has led to the growing income gap. Lower-income Americans are no longer able to afford basic necessities, like shelter, because their wages are not enough to pay for them.
This calculator looks at your real wage from a socio-economic perspective. It considers all the cost implications of activities that you do in order to get to work as well as the opportunity cost of exhaustion from work. It helps put into perspective the time and energy consumed by your work.