Math  /  Data

QuestionWhat would the minimum wage in 2015 be if it grew with inflation from \$1.25 in 1965? Round to the nearest cent.

Studdy Solution
Calculate the expected minimum wage in2015.
Expectedminimumwage2015=$1.25times7.524=$9.41Expected\, minimum\, wage_{2015} = \$1.25 \\times7.524 = \$9.41The expected minimum wage in2015, if it had grown with inflation, would have been \$9.41.

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