Business
Business, 23.10.2021 05:20, sindy35111

A firm says it cut its labor costs by 35 percent between 2014 and 2019. Workers were paid a wage rate, including benefits, of $80 an hour in 2014 and $58 an hour in 2019. If the CPI was 202 in 2014 and 218 in 2019, did the real wage rate fall by more or less than 35 percent?

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A firm says it cut its labor costs by 35 percent between 2014 and 2019. Workers were paid a wage rat...

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