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Price Floors

History of the Federal Minimum Wage

History of the Federal Minimum Wage

History of the federal minimum wage in real and nominal dollars. The federal minimum wage is one example of a price floor.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "History of US federal minimum wage increases."
    http://en.wikipedia.org/wiki/File:History_of_US_federal_minimum_wage_increases.svg Wikipedia Public domain.

Related Terms

  • free-market equilibrium price
  • price floor
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