Web14 apr. 2015 · The federal minimum wage reached its highest inflation-adjusted value in 1968, when it was worth $9.54 per hour in 2014 dollars. Since that time, infrequent or inadequate increases have allowed inflation to eat away at the minimum wage’s value such that today’s federal minimum of $7.25 has lost roughly one quarter of its purchasing power. Web9 apr. 2024 · The US minimum wage, which started at 25 cents in 1938, has been raised by Congress 22 times. Scroll over CNN’s interactive chart to see the minimum wage by year, through history.

Lislejoem/Minimum-Wage-by-State-1968-to-2024 - Github

Web7 sep. 2024 · If the minimum wage had kept pace with gains in the economy's productivity over the last 50 years, it would be nearly $26 an hour today, or more than $50,000 a year in annual income, one economist ... Web51 rijen · The real value of the federal minimum wage in 2024 dollars has decreased by 46% since its inflation-adjusted peak in February 1968. The minimum wage would be $13.46 … embassy beachwood

Adjusted for inflation, the federal minimum wage is worth less

Web18 jun. 2013 · The federal minimum wage of $7.25 is worth $2 less today than it was in 1968 when adjusted for inflation. That's one of the findings in a June study by the non-partisan Economic Policy Institute on the economic position of Blacks in America. Today, the minimum wage, which hasn't increased since 2009, falls short of a living wage. Web13 apr. 2024 · Minimum wage (federal), 1938-2024 Source: US Dept of Labor. Get downloadable data from FRED. Minimum wage set by states, 1968-current Source: U.S. Department of Labor. Median annual earnings for full time workers, 1969 Shows nationwide figures averaged across all occupations, broken out by sex. Web25 jul. 2016 · As the figure below shows, at its high point in 1968, the federal minimum wage was equal to $9.63 in today’s dollars 1. That means that workers at the minimum … embassy belgium ethiopia