Federal Minimum Wage Chart By Year, Consequences Of Federal 15 Minimum Wage Outlined In New Book Employment Policies Institute
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Labor law and a range of state and local laws.
Marijuana legalization bill us. The us minimum wage which started at 25 cents in 1938 has been raised by congress 22 times. Year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1. The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version.
This chart shows state minimum wage rates in effect as of jan. 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. The minimum wage in the united states is set by us.
Scroll over cnns interactive chart to see the minimum wage by year through history. Since july 24 2009 the federal minimum wage is 725 per hour. The minimum wage the lowest hourly amount that an employee may be paid for their labor is determined by both state and federal labor laws in the united statesunder the federal fair labor standards act states and localities are permitted to set their own minimum wage rates which will take precedence over the federal minimum wage rate if they are higher.
This page provides united states minimum wages actual values historical data forecast chart statistics. The federal minimum wage is applicable nationwide and overrides any state laws that provide a lower minimum wage rate to ensure that the local minimum wage in. However some states cities and counties have a higher minimum wage rate.
Annual federal minimum wage rates 1955 2015. Minimum wages in the united states remained unchanged at 725 usdhour in 2020 from 725 usdhour in 2019. The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009.
As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum. Data in current dollars and constant 1996 dollars. Value of the minimum wage value of the minimum wage value of the minimum wage.
With the minimum wage was higher relative to living costs luce says. Twenty one states begin the new year with increased minimum wages. The federal minimum wage of 725 per hour is the minimum hourly pay any non exempt worker in the united states can be paid for his work.
The federal minimum wage peaks in purchasing power at 160 per hour the equivalent of 1153 in 2019 dollars. The federal minimum wage was last changed in 2008 when it was raised 070 from 655 to 725. Minimum wages in the united states averaged 313 usdhour from 1938 until 2020 reaching an all time high of 725 usdhour in 2009 and a record low of 025 usdhour in 1938.
1 2020 as well as future enacted increases.
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