Suppose we expect consumer prices to increase by about 30 percent between 2010 and 2020, and the minimum wage was $7.25

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answerhappygod
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Suppose we expect consumer prices to increase by about 30 percent between 2010 and 2020, and the minimum wage was $7.25

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Suppose we expect consumer prices to increase by about 30
percent between 2010 and 2020, and the minimum wage was $7.25 per
hour in 2010. What should be the minimum wage in 2020 if it is set
to maintain the same purchasing power as in 2010?
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