NR 433-Real vs Nominal Wages Discussion
NR 433-Real vs Nominal Wages Discussion
ORDER NOW FOR AN ORIGINAL PAPER!!NR 433-Real vs Nominal Wages Discussion! .
Below is an excerpt from a table posted on the website of the Economic Policy Institute. Do the figures describe real or nominal wages? Explain how you know.
Note: Sample based on all workers ages 18–64.
Source: EPI analysis of Current Population Survey Outgoing Rotation Group microdata
4. Continuing to use the data from the previous question:
Whose average earnings were higher in 2000, people with less than a high school education, or people with some college? How about in 2017?
How much did average wages change, in dollars AND in percentage terms, between 2000 and 2017 for people with less than a high school education?
How much did average wages change, in dollars AND in percentage terms, between 2000 and 2017 for people with some college?
Is the gap between average wages for those with less than a high school education and those with some college smaller or larger in 2017 than it was in 2000?
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