What is the change in real wage
Problem
The minumum wage was $9.65 in 2011 and $12.50 in 2019. When 2002 is the CPI base year, the CPI is 118.7 for 2011 and 136.4 for 2019. What is the change in real wage for 2011 in 2019?
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When 2002 is the CPI base year, the CPI is 118.7 for 2011 and 136.4 for 2019. What is the change in real wage for 2011 in 2019?
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