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Author Question: Table 9-23 Refer to Table 9-23.The table above lists the actual minimum wage and CPI in 1974 and in ... (Read 153 times)

vinney12

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Table 9-23









Refer to Table 9-23. The table above lists the actual minimum wage and CPI in 1974 and in 2012. Using the above table, calculate the real minimum wage for 1974 and 2012. Calculate the rate of growth of the real minimum wage from 1974 to 2012. Are workers better off in terms of the purchasing power of a dollar in 1974 or 2012? Explain why.



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Marked as best answer by vinney12 on Mar 16, 2019

kaylee05

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vinney12

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review


carojassy25

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Reply 3 on: Yesterday
:D TYSM

 

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