Sam steward is a freelance web page designer listed below are his yearly wages for the years through 2011 also included is an industry index for computer programmers that reports the rate of wage inflation in the industry this index has a base of 1995.

Compute Sam's real income for the period. Did his wages match the increase/decline in the industry?

Year Wage ($ thousands) Index (1995 100) 2006 $175 148.3 2007 2008 140.6 175 150 120.9 2009 120 110.2 2010 120 105.3 105.0 2011 130