Raising the floor.
Position | GRAPH: COVER STORY - Cover story |
In his 2013 State of the Union address, President Obama asked Congress to raise the federal minimum wage from $7.25 to $9 per hour, sparking a national debate (see article, p. 8). But the fuss is hardly new. When Franklin D. Roosevelt signed the first minimum wage into law in 1938, he saw the measure as a way to ensure workers were paid fairly. His critics argued it would constrain employers and cripple the economy. Since then, the minimum wage has been increased 22 times--each time provoking both cheers and jeers.
ANALYZE THE GRAPH
(1) The first federal minimum wage was 25 cents per hour. The minimum wage passed in 1963 was __.
a half that rate
b double that rate
c three times that rate
d five times that rate
(2) In 1990, the federal minimum wage __.
a did not change
b jumped from $3.35 to $3.80
c jumped from $3.80 to $4.25
d was a quarter of what it is today
(3) Since 1963, the most the federal minimum wage has increased at once is __.
a 55 cents
b 70 cents
c 85 cents
d $1.00
(4) Since 1963, the longest the federal minimum wage has gone without an increase is __.
a four years
b five years
c 10 years
d 12 years
(5) If calculated in 2012 dollars, the value of the minimum wage passed in 1968 was $3.25 greater than today's minimum wage. You can infer that the 1968 wage was worth __ in 2012 dollars.
a about $10.50
b about $12.25
c about $14.75
d about $15.50
DISCUSSION QUESTIONS
(1) Do you think the federal minimum wage should be changed every year or so to keep up with inflation...
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