The federal minimum wage in 1981 was $3.35; in 2018, it was $7.25. Yet some people say

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The federal minimum wage in 1981 was $3.35; in 2018, it was $7.25. Yet some people say the federal minimum wage in place in 2018 was lower than the federal minimum wage in 1981. On what basis could that be true?

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Survey Of Economics

ISBN: 9781429259569

1st Edition

Authors: David A. Anderson

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Question Posted: May 16, 2023 10:23 AM

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The federal minimum wage in 1981 was $3.35; in 2018, it was $7.25. Yet some people say

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On the surface it may seem counterintuitive to claim that the federal minimum wage in 2018 was lower ...View the full answer

Survey Of Economics

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