A dozen eggs costs $o.88 in January 1980 and 2.11 in January 2015. The average wage for production workers was $7.58per hour in January 1980 and $19.64 in January 2015 By what percentage did the price of eggs rise? By what percentage did the wage rise? In each year, how many minutes did a worker have to work to earn enough to buy a dozen eggs? Did workers’ purchasing power in terms of eggs rise or fall?

Question
  1. A dozen eggs costs $o.88 in January 1980 and 2.11 in January 2015. The average wage for production workers was $7.58per hour in January 1980 and $19.64 in January 2015
  2. By what percentage did the price of eggs rise?
  3. By what percentage did the wage rise?
  4. In each year, how many minutes did a worker have to work to earn enough to buy a dozen eggs?
  5. Did workers’ purchasing power in terms of eggs rise or fall?

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