The average hourly wage rate for construction laborers in 2001 was $13.36. In 2017 construction laborers made

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The average hourly wage rate for construction laborers in 2001 was $13.36. In 2017 construction laborers made $18.70 per hour. The CPI for 2001 was 177.1 and for 2017, 245.1. Calculate the percentage change in real hourly wages from 2001 to 2017.

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Statistics For Business & Economics

ISBN: 9781337901062

14th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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Question Posted: Sep 18, 2019 12:50 PM

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The average hourly wage rate for construction laborers in 2001 was $13.36. In 2017 construction laborers made

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Statistics For Business & Economics

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