Nominal Wage, the wage received by workers in monetary form. Under capitalism, it is a transmuted form of value and the cost of labour power. The level of the wage is one of the main issues in the economic struggle waged by the working class in capitalist countries. The bourgeoisie tries to reduce the successes scored by the working class in this struggle to the minimum by lowering the real wages. Increasing taxes, soaring prices of consumer goods and tariffs on various services reduce the real content of nominal wage, thereby widening the gap between it and the value of labour power. The modern capitalist state pursues a policy of “ freezing” wages during unbridled inflation. Under socialism, the wages of industrial and office workers, expressed in a certain sum of money, constitute the share of the national income they receive for their personal needs in accordance with the quantity and quality of the work they have done. Article 40 of the Constitution of the USSR says: "Citizens of the USSR have the right to work (that is, to guaranteed employment and pay in accordance with the quantity and quality of their work, and not below the state-established minimum)...” Under socialism, wages grow regularly and in a planned way, on the basis of a steady rise of the socialist 253 economy. The policy pursued by the CPSU on incomes and consumption still proceeds from the fact that the growth of payment according to work done, which makes up to 75 per cent of the entire increment in incomes, is the mam way of increasing the population’s incomes. With stable prices of consumer goods and services, an increasing nominal wage ensures a further considerable rise in living standards. The stimulating role of wages is intensifying, and its level depends increasingly on the ultimate results of production and the growth of its efficiency.