The average hourly wage rate for construction laborers in 2001 was $13.36. In 2011 construction laborers made

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The average hourly wage rate for construction laborers in 2001 was $13.36. In 2011 construction laborers made $16.43 per hour. The CPI for 2001 was 177.1 and for 2011, 224.9. Calculate the percentage increase or decrease in real hourly wages from 2001 to 2011.
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Statistics For Business & Economics

ISBN: 9781285846323

12th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran

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