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Suppose Stan Musial Earned $115,000 in 1947

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Suppose Stan Musial earned $115,000 in 1947. If the CPI was 82 in 1947, and was 246 in 1990, what is Stan Musial's 1947 salary in 1990 dollars?


Definitions:

Ruling Class

The social group possessing the dominant power in a societal hierarchy, often controlling resources and institutions.

False Consciousness

A term used in Marxist theory to describe the way in which material, ideological, and institutional processes in capitalist society mislead the proletariat about their own interests.

Class Consciousness

The awareness of one's place in a social class system, especially in terms of shared interests and political identity among members of the same social class.

Analytic Marxism

A school of thought that seeks to reexamine Marxist theory using tools of analytical philosophy and rational choice theory.

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