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In surveys, secondary questions can be used to discover reasons for strong approval or disapproval.
Real Wages
Nominal wages corrected for inflation.
Money Wages
The current dollar amount of a person’s wages.
Consumer Price Index
The most important measure of inflation. This tells us the percentage rise in the price level since the base year, which is set at 100; represented by CPI.
Effective Minimum Wage
The lowest wage that an employer can legally pay an employee, adjusted for factors such as living costs and inflation.
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