Question: The average hourly wage rate for construction laborers in 2011 was $13.36. In 2011 construction laborers make $16.43 per hour. The CPI for 2001 was

The average hourly wage rate for construction laborers in 2011 was $13.36. In 2011 construction laborers make $16.43 per hour. The CPI for 2001 was 177.1 and for 2011, 224.9. Calculate the percentage increase or decrease in real hourly wages from 2001 to 2011.

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