"Thus the undisputed rise in nominal or money wages following the Black Death was literally ‘swamped’ by the post-Plague inflation, so that real wages fell." https://ideas.repec.org/p/tor/tecipa/munro-04-04.html
"Thus the undisputed rise in nominal or money wages following the Black Death was literally ‘swamped’ by the post-Plague inflation, so that real wages fell." https://ideas.repec.org/p/tor/tecipa/munro-04-04.html