Suppose you knew that there was going to be 20 percent inflation between now and five years

Question:

Suppose you knew that there was going to be 20 percent inflation between now and five years from now, and suppose you knew that the minimum wage was only enough to get a family of three to 80 percent of the poverty line. How much would you have to raise the minimum wage over that period in order to make the minimum wage earn enough to be at that poverty line?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: