Federal Minimum Wage Increases Over The Years, Cbo Analysis Finds 15 Minimum Wage Could Cost 1 3 Million Jobs Vox

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2020 Federal And State Minimum Wage Rates

The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version. Annual federal minimum wage rates 1955 2015. In other words if the 12 presidents never raised minimum wage over the years then we would still be getting paid a minimum of 25 cents per hour for our work.
federal minimum wage increases over the years

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Year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1.

Minimum wage in california usa. Value of the minimum wage value of the minimum wage value of the minimum wage. David cooper zane mokhiber and ben zipperer minimum wage simulation model technical methodology february 2019. This new federal minimum wage results in an income of 1160 a month or close to 14000 a year.

Scroll over cnns interactive chart to see the minimum wage by year through history. 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. Poverty guidelines established for 2009 indicate that for a family of two 14750 or less or for a family of four 22050 or less are indicators of poverty according to hhs health and human services.

New mexico and nevada also enacted state minimum wage increases to 12 though these changes do not meaningfully affect. Federal minimum wage over the years. Weekly 600 jobless benefit set to expire 0316.

Minimum wage increases over the years. Its been 11 years since the last federal minimum wage hike the longest span the baseline wage has gone without an increase since it began in 1938. Data in current dollars and constant 1996 dollars.

The us minimum wage which started at 25 cents in 1938 has been raised by congress 22 times. Check out the minimum wage over the last 50 years as well as its purchasing power. 025hr 415hr in 2014 dollars october 1939 fdr.

David cooper raising the federal minimum wage to 15 by 2024 would lift pay for nearly 40 million workers economic policy institute february 2019. Roosevelt implemented the minimum wage in 1938 which was just 25 cents 423 in 2015 dollars. Minimum wage can only rise with congressional action.

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.

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Year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1 year current dollars constant 1996 dollars 1.

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