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The year of the video was 1992. In the video, they say that the average worker pay at Lincoln Electric was $45,000 per year. Assuming
The year of the video was 1992. In the video, they say that the average worker pay at Lincoln Electric was $45,000 per year. Assuming that their salaries kept place with inflation, how much would their average salary be today (i.e., 2022)? Use publicly available cost of living data to show that if their salary kept pace with inflation, how much their salaries would be in each year from 1993 to 2022. Write your results in a business memo that explains the source of your data and provides specifics about how you performed your calcuations.
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