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Business, 18.05.2021 19:20 justin20080

b) In 1968 the Federal Minimum Wage was $1.60, and the CPI was 34.8. How much would the minimum wage have to be today to have the same purchasing power $1.60 in 1968. The CPI today is 260. How does your answer compare with today's actual minimum wage of $7.25

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b) In 1968 the Federal Minimum Wage was $1.60, and the CPI was 34.8. How much would the minimum wage...

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