Inflation eroded a 5% gain in nominal wages.

通货膨胀侵蚀了名义工资5%的增长。

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。

Across the G10 group of countries, nominal wages are growing by 4% year on year, a bit higher than before the pandemic (see chart 2).

在十国集团中， 名义工资同比增长4％，略高于疫情之前（见图2）。

Like, I have devoted my career to caring about the living standards of low- and middle-income workers, and yet, I'm very happy to see nominal wage growth come down over this recent period.

比如，我的职业生涯致力于关心中低收入工人的生活水平，但我很高兴看到最近一段时间名义工资增长下降。