Federal Minimum Wage Changes Over Time, What Are The Annual Earnings For A Full Time Minimum Wage Worker Center For Poverty And Inequality Research
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Since the last federal minimum wage hike to 725 an hour starting july 24 2009 the cost of living has increased 20 while the price of essentials such as housing and health care have.
Federal minimum wage per hour. In 2019 823 million workers age 16 and older in the united states were paid at hourly rates representing 581 percent of all wage and salary workers. The federal minimum wage has remained unchanged at 725 an hour for 3614 days marking the longest period in history without an increase in the base pay for us workers. The minimum wage in the united states is set by us.
With the minimum wage was higher relative to living costs luce says. Scroll over cnns interactive chart to see the minimum wage by year through history. At that time the minimum acceptable pay rate was set at 025hour though its increased gradually over the years.
The us minimum wage which started at 25 cents in 1938 has been raised by congress 22 times. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum. Since july 24 2009 the federal minimum wage is 725 per hour.
In order to view andor print pdf documents you must have a pdf viewer eg adobe acrobat reader v5 or later available on your workstation. A 1955 amendment increased the minimum wage to 100 an hour with no changes in coverage. The federal minimum wage was first enacted under franklin roosevelt in 1938.
Today the federal minimum wage is 725 the same rate its been since it was last raised in 2009. In fact just yesterday the federal minimum wage increased by 070 from 585hour to 655hour. Among those paid by the hour 392000 workers earned exactly the prevailing federal minimum wage of 725 per hour.
Labor law and a range of state and local laws. The first federal minimum wage law enacted in 1938 set minimum hourly rates at 025 across. The 1961 amendments greatly expanded the flsas scope in the retail trade sector and increased the minimum for previously covered workers to 115 an hour effective september 1961 and to 125 an hour in september 1963.
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