Use the information in the following table to determine the percentage changes in the U.S. and French real minimum wages between 1957 and 2016. Does it matter for your answer that you have not been told the base year for the U.S. CPI or the French CPI? Was the percentage increase in the price level greater in the United States or in France during these years?

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United States France Minimum Minimum Wage Wage (dollars (euros per Year per hour) CPI hour) CPI 1957 $1.00 27 0.19 8 2016 7.25 240 9.76 106