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> With inflation, he was actually being paid less 10 years later. I looked this up and Neil Alan Smith's wages grew by 41% from 2001 to 2010, outpacing inflati
by BobbyH 16y ago
> With inflation, he was actually being paid less 10 years later.
I looked this up and Neil Alan Smith's wages grew by 41% from 2001 to 2010, outpacing inflation of 23%.
Inflation from Aug. 2001 to Aug. 2010 increased prices by 23% (http://inflationdata.com/inflation/inflation_Rate/historicalinflation.aspx http://inflationdata.com/inflation/inflation_Rate/historical...).
Neil Alan Smith's wages started in 2001 at the federal minimum wage of $5.15. The federal minimum wage was constant from 1997 to 2007, but Florida passed a minimum wage law increasing its state minimum wage to $6.15 in 2005. Other adjustments to the Florida minimum wage increased his wage to $7.25 by 2010. (http://wiki.answers.com/Q/What_is_Florida_minimum_wage_history http://wiki.answers.com/Q/What_is_Florida_minimum_wage_histo... and http://www.floridajobs.org/minimumwage/index.htm http://www.floridajobs.org/minimumwage/index.htm)