2. The real wage rate in 2006, expressed in dollars of the reference base year, equals ($80 ÷ 202) × 100, or $39.60 an hour. The real wage rate in 2011, expressed in dollars of the reference base year, equals ($58 ÷ 218) × 100, or

$26.61 an hour. The real wage rate of these workers fell by 32.8 percent.