Three Years Ago, When the CPI Was at 102

question 160

Short Answer

Three years ago, when the CPI was at 102.6, the members of a union were earning $22.25 per hour. Now, with the current CPI at 108.4, they are negotiating for a new hourly rate that will restore their former purchasing power. What hourly rate are they seeking?

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Definitions:

Earthworms

Invertebrate creatures that belong to the class Oligochaeta and play a key role in improving soil fertility by aerating and enriching it.

Nauseating

Causing or liable to cause a sensation of unease or disgust.

Flooding

A psychological therapy technique aimed at treating phobias and anxiety disorders by exposing the patient to their feared object or situation in a controlled environment.

Snakes

Limbless, elongated reptiles belonging to the suborder Serpentes, known for their unique method of slithering locomotion.