The graph in Figure 3.41 shows the federal minimum wage in the United States, together with its
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The graph in Figure 3.41 shows the federal minimum wage in the United States, together with its purchasing power, which is adjusted for inflation, with 1996 used as the reference year. The graph represents the years from 1955 to 2015. Summarize what the graph shows.
Transcribed Image Text:
Minimum Wage and Its Purchasing Power $8 $7 Purchasing power (1996 dollars) $6 $5 $4 $3 $2 Minimum wage $1 1955 1961 1967 1973 1979 1985 1991 1997 2003 2009 2015 Year
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Statistical Reasoning For Everyday Life
ISBN: 978-0134494043
5th Edition
Authors: Jeff Bennett, William Briggs, Mario Triola
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