WELCOME TO YOU I Heartfully welcome you to read this post. Let us begin. ------------------------------ Introduction In the previous post we've already discussed about the different types of wages. So, with that knowledge let us move to another small topic which is about factors influencing real wages. that means how the real wages can increase or decrease for a labour. To read more about real wages: visit  https://economics-subject.blogspot.com/2021/06/meaning-and-types-of-wages.html Factors to influence or determine or change Real wages an individual can have more real wages than others based on various reasons such as type of Job, Salary, Area of work, Reputation, etc. Let us now have a clear look on different aspects. Price level  Price level also determines the real wages. if price level is more, real wages  are less and vice versa. Similarly if price level is less, real purchasing power of money will be high. So, Here the Price level refers to the value or cost of a...