At $5.15 per hour the 2007 inflation adjusted minimum wage was
A)nearing a 50-year low.
B)at an all-time high.
C)slightly above the historical average.
D)statutorily constant.

Question

Quizplus · Accepted Answer

The 2007 inflation adjusted minimum wage of $5.15 was nearing a 50-year low, adjusted for inflation. This means that it was relatively low compared to the historical minimum wage levels, even when taking into account inflation.

At $515 Per Hour the 2007 Inflation Adjusted Minimum Wage Was