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A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.28 per hour
A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.28 per hour in December 2000 and $21.26 in December 2015.
By what percentage did the price of a dozen eggs rise?
By what percentage did the wage rise?
In order to earn enough to buy a dozen eggs, a worker had to work(0.25, 4.03, 14.88) minutes in December 2000 and (0.13,7.73,7.77)minutes in December 2015.
Workers' purchasing power in terms of eggs(rose/fell) between 2000 and 2015.
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