Dollars per Hour 6. Historical Perspective a. Analyze Visual 2: Historical Minimum Wage Data. . What trends do you observe in the minimum wage over time? Why do you think the government has increased the minimum wage over time? FRED-Federal Minimum Wage Rate under the Federal Fair Labor Standards Act 1970 1975 Shaded areas indicate U.S. recessions. 1980 1985 1990 1905 Source: U.S. Department of Labor 2000 2005 2010 2015 fred.stlouisfed.org

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Dollars per Hour
6. Historical Perspective
a. Analyze Visual 2: Historical Minimum Wage Data.
.
What trends do you observe in the minimum wage over time?
• Why do you think the government has increased the minimum
wage over time?
FRED-Federal Minimum Wage Rate under the Federal Fair Labor Standards Act
1
1970
1975
Shaded areas indicate U.S. recessions.
1980
1985
1990
1905
2000
2005
2010
2015
O
Source: U.S. Department of Labor
fred.sticuisted.org
Transcribed Image Text:Dollars per Hour 6. Historical Perspective a. Analyze Visual 2: Historical Minimum Wage Data. . What trends do you observe in the minimum wage over time? • Why do you think the government has increased the minimum wage over time? FRED-Federal Minimum Wage Rate under the Federal Fair Labor Standards Act 1 1970 1975 Shaded areas indicate U.S. recessions. 1980 1985 1990 1905 2000 2005 2010 2015 O Source: U.S. Department of Labor fred.sticuisted.org
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