You are offered a job paying $45,000 starting May 2020. Your parent started working at a comparable job in May 1996 for $24,000. If the CPI price index in May 1996 were 188.27 (note: I just made up that value) and the CPI price index is expected to be 244.89 (again, I just make up that value), which one of you will be comparably better paid, all else held equal?

Answer rating: 100% (QA)

To determine who is comparably better paid we need to adjust the salaries ... View the full answer