Since the 1970s, the real dollar value of the minimum wage has
A) increased
B) declined
C) been determined by the states themselves
D) remained constant

Question

Quizplus · Accepted Answer

Since the 1970s, the real dollar value of the minimum wage has declined. In other words, the minimum wage has not kept pace with inflation and the cost of living, resulting in a decrease in purchasing power for those earning the minimum wage.

Since the 1970s, the Real Dollar Value of the Minimum