Federal Minimum Wage Increase History, Pay Is Rising Fastest For Low Earners One Reason Minimum Wages The New York Times

This is a history of minimum wage increases under the 1938 act.

Federal minimum wages 2020. The minimum wage was raised to 380 an hour beginning april 1 1990 and to 425 an hour beginning april 1 1991. The minimum wage is referred to as the lowest wage an employer can legally pay their employees. Since july 24 2009 the federal minimum wage is 725 per hour.

The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009. Labor law and a range of state and local laws. Over the course of the uss 81 year history of a federal minimum wage congress has never introduced an automatic adjustment technique to let the minimum wage rise or fall in line with price.

However critics argue that there are many adverse effects on small businesses and the general economy of the country. Federal minimum wage. This new federal minimum wage results in an income of 1160 a month or close to 14000 a year.

With the minimum wage was higher relative to living costs luce says. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum. This is current as of december 2019 with the inflation adjustment going to the same month.

Economic policymakers and academic researchers base minimum wage discussions in the context of poverty and increasing the wages. The federal minimum wage peaks in purchasing power at 160 per hour the equivalent of 1153 in 2019 dollars. The magnitude of the impacts of federal minimum payments has been a typical topic of discussion for years.

History of federal minimum wage rates under the fair labor standards act 1938 2009. The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version. However some states cities and counties have a higher minimum wage rate.

Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. The amendments also established a training wage provision at 85 of the minimum wage but not less than 335 an hour for employees under the age of twenty a provision that expired in 1993. The federal minimum wage was first introduced in 1938 during the great depression under president franklin roosevelt and since first being introduced it has changed several times by congress.

The measure affects 29 states while other states already have an equal or superior minimum wage note that employers are required to pay whichever is the highest. In order to view andor print pdf documents you must have a pdf viewer.