1. (Price Index) You are offered a job paying $45,000 starting January 2021. Your parent started working at a comparable job in May 1996 for $24,000. If the CPI price index in May 1996 were 188.27 (note: I just made up that value) and the CPI price index is expected to be 251.89 (again, I just make up that value), which one of you will be comparably better paid, all else held equal?

(Note: you may earn bonus points by comparing the numbers as of 1996 and as of 2020.)