Problem
Jane Smith is a freelance IT consultant. Her yearly wages for the years 2009 through 2014 are listed below. An industry index for computer programmers that reports the rate of wage inflation in the industry is also included. This index has a base of 1998.
Year Wage ($ thousands) Index (1998 = 100) 2009 $165 148.3 2010 167 140.6 2011 150 120.9 2012 128 110.2 2013 120 105.3 2014 131 105.0
(a) Compute Jane's real income for the period.
(b) Did her wages match the increase or decline in the industry?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.