To get to its inflation adjusted all-time high, the minimum wage in 2016 would have to be at least
A)$5.50.
B)$11.00.
C)$14.00.
D)$20.00.

Question

Quizplus · Accepted Answer

According to the Bureau of Labor Statistics' inflation calculator, the minimum wage reached its highest point on January 1, 1968, at $1.60 per hour. Adjusted for inflation, that amount would be $11.00 in 2016. Therefore, to reach its inflation-adjusted all-time high, the minimum wage in 2016 would have to be at least $11.00.

To Get to Its Inflation Adjusted All-Time High, the Minimum