Suppose we expect consumer prices to increase by about 30 percent between 2010 and 2020, and the minimum wage was $7.25
Posted: Thu May 19, 2022 10:57 am
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?
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?