Pregunta 17 8 pts To compare the $1-an-hour your grandfather earned in 1950 with the $8-an-hour you earn today, you would need to: calculate real wages in both 1950 and today. add the inflation rates in each year since 1950 until today and add this to your grandfather's wage. simply compare $1-an-hour to $8-an-hour. calculate your grandfather's nominal wage in 1950 and compare it to your wage today