Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
Example of Real Wage. Imagine that in 2010, your nominal wage was $18.00 per hour, and you received a two percent pay increase in 2011, making your nominal wage $18.36 per hour. The consumer price index for 2010, was 218.056 and in 2011 was 224.939.