Labor Economics 5th Edition by George Borjas

Exercise 13

Table 630 of the 2008 U.S. Statistical Abstract reports the federal nominal (current dollar) hourly minimum wages from 1960 through 2009. Use the consumer price index in Table 702 to create the real hourly minimum wages from 1960 through 2009 using year 2000 dollars. Under which president did the nominal minimum wage increase the most the least Under which president did the real minimum wage increase the most the least