The current federal minimum wage is $7.25 per hour and has not increased since July 2009. The
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The current federal minimum wage is $7.25 per hour and has not increased since July 2009. The cumulative inflation from July 2009 to September 2022 has been approximately 37.83%. Other things the same, what should be the minimum wage in 2022 such that minimum wage workers observe am increase of 2% in their purchasing power?
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ISBN: 978-1118301173
1st Canadian Edition
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi
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