Federal Minimum Wage In 1980, Election Issues Minimum Wage Facts Informed Voters Should Know Federalist Forum
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1981 united states minimum wage in todays dollars.
Nz minimum wage 2020. In the year 1981 the united states minimum wage was 335. 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 federal minimum wage was raised to 515 an hour effective september 1 1997.
Inflation calculator in. With the minimum wage was higher relative to living costs luce says. In 1980 minimum wage was 310 in the us.
The federal minimum wage in 1980 was 310 per hour. The value of 515 in 1997 was equal to the buying power of 824. The minimum wage in the united states is set by us.
As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum. However when adjusted for the current year the amount would be 1039. Minimum wage workers have actually lost ground.
That same 725 today has the spending power that 258 had back in 1980. It is now 725 an hour. The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version.
Labor law and a range of state and local laws. It remained at that level for nearly a decade. In order for a minimum wage earner to have the same spending power that he had 30 years ago.
The federal minimum wage peaks in purchasing power at 160 per hour the equivalent of 1153 in 2019 dollars. Since july 24 2009 the federal minimum wage is 725 per hour. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law.
The inflation rate over that period was about 351. This is equivalent to 1039 in 2020 dollars.
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