In 2010, many unskilled workers in the United States earned the Federal minimum

Question

In 2010, many unskilled workers in the United States earned the Federal minimum wage of $7.25 per hour. By contrast, average earnings in 2010 were about $18.00 per hour, and certain highly skilled professionals, such as doctors and lawyers, earned $160.00 or more per hour.

a. If we assume that wage differences are caused solely by differences in productivity, how many times more productive was the average worker than a worker being paid the Federal minimum wage?

Instructions: Round your answer to two decimal places.

times more productive than a minimum wage worker

How many times more productive was a $160-per-hour lawyer compared to a worker earning minimum wage?

Instructions: Round your answer to two decimal places.

times more productive than a minimum wage worker

Explanation / Answer

a)minimum wage =7.25

average worker wage=18

=>18/7.25=2.48 times

b)wage of lawyer =160

=>160/7.25=22.07 times

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