THE NARROWING Gender Gap Since the founding of the Equal Employment Opportunity Commission and the passage of equal-pay laws, the gulf between men’s and women’s earnings has continued to close gradually. At the beginning of 1990 (t = 0), women’s wages were 68% of men’s wages, and by the beginning of 2000 (t = 10), women’s wages were projected to be 80% of men’s wages. If this gap between women’s and men’s wages continued to narrow linearly, then women’s wages were what percentage of men’s wages at the beginning of 2008?
Source: Journal of Economic Perspectives.
To find: The women’s wages when time in 2008.
Women’s wages were of men’s wages when time in 1990.
Women’s wages were of men’s wages when time in 2000.
The formula used to calculate the equation of line passes through the points and and has slope is,
Assume the point and .
Substitute for , for , for and for in equation (1)
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