Question 21.97

67. According to state law introduced by Governor Scott Walker in 2011, teachers and state employees in Wisconsin can negotiate only salary increases and only up to the level of inflation. A typical elementary school teacher who began teaching in Wisconsin in 2015 at age 22 earned a salary of about $35,000. What would be the purchasing power in today’s dollars of her salary when she retires in 2055 at age 62 if each year her salary increase matches inflation?

67.

No more than $35,000