Why has the real value of the minimum wage declined since 1968, even though the nominal value

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Why has the real value of the minimum wage declined since 1968, even though the nominal value of the minimum wage has increased several times since then?

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 08:37 AM

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Why has the real value of the minimum wage declined since 1968, even though the nominal value

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The real value of the minimum wage has declined since 1968 despite multiple increases in the nominal value of the minimum wage due to the effects of i...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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