Labor Force Use the graph below, which shows the minimum wage in the United States (in
Chapter 1, Problem 60(choose chapter or problem)
Labor Force Use the graph below, which shows the minimum wage in the United States (in dollars) from 1950 to 2004. (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 2004. (c) Use the percent increase from 1995 to 2004 to predict the minimum wage in 2008. (d) Do you believe that your prediction in part (c) is reasonable? Explain.
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