2.8K views · 93 reactions | In 1968, the federal minimum hourly wage...
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2.8K views · 93 reactions | In 1968, the federal minimum hourly wage...
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Use the graph below, which shows the minimum wages in the United States (in dollars) from 1950 through 2011 . (Source: U.S. Department of Labor) (a) Which decade shows the greatest increase in minimum wage? (b) Approximate the percent increases in the minimum wage from 1990 to 1995 and from 1995 to 2011 . (c) Use the percent increase from 1995 to 2011 to predict the minimum wage in 2016 (d) Do you believe that your prediction in part (c) is reasonable? Explain. | Numerade
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