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If for years 1 and 2 (possibly a span of 20 years apart), the nominal wage and price level P of goods are respectively nominal wage rate: $10 in year 1 and $16 in year 2 price level: 1.00 in year 1 and 1.333 in year 2, then real wages using year 1 as the base year are respectively: $10 (= $10/1.00) in year 1 and $12 (= $16/1.333) in year 2.
A time clock, sometimes known as a clock card machine, punch clock, or time recorder, is a device that records start and end times for hourly employees (or those on flexi-time) at a place of business. In mechanical time clocks, this was accomplished by inserting a heavy paper card, called a time card
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For example, the following code defines two 88-level condition-name items that are true or false depending on the current character data value of the wage-type data item. When the data item contains a value of 'H', the condition-name wage-is-hourly is true, whereas when it contains a value of 'S' or 'Y', the condition-name wage-is-yearly is ...
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