In 1982, the average hourly earnings of private nonagricultural production workers were $7.87 per hour. By 2008, the average hourly earnings had risen to $18.08. In 2008, the CPI was 215.3, compared...

In 1982, the average hourly earnings of private nonagricultural production workers were $7.87 per hour. By 2008, the average hourly earnings had risen to $18.08. In 2008, the CPI was 215.3, compared with 96.5 in 1982. What were the real earnings of private nonagricultural production workers in 2008 measured in 1982 dollars?



May 26, 2022
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