Refer to Table 9-23. The table above lists the actual minimum wage and CPI in 1974 and in 2019. Using the above table, calculate the real minimum wage for 1974 and 2019. Calculate the rate of growth of the real minimum wage from 1974 to 2019. Are workers better off in terms of the purchasing power of a dollar in 1974 or 2019? Explain why. Year 1974 2019 Nominal Minimum Wage $2.00 7,25 CPI (1982-1984 =100) 49.3 255.7