Federal Minimum Wage Over Time, Column Trump S Labor Secretary Comes Out Against Giving Workers A Raise Los Angeles Times

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

Nyc minimum wage exempt. 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. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum.

In cases where an employee is subject to both the state and federal minimum wage laws the employee is entitled to the higher of the two minimum wages. Annual federal minimum wage rates 1955 2015. Labor law and a range of state and local laws.

The federal minimum wage peaks in purchasing power at 160 per hour the equivalent of 1153 in 2019 dollars. The us minimum wage which started at 25 cents in 1938 has been raised by congress 22 times. 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.

Many states also have minimum wage laws. 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. Epi according to this worrying minimum wage vs inflation stat people who earned the federal minimum wage 725 10 years ago were paid the equivalent of 870hour inflation adjusted.

The federal minimum wage was first enacted under franklin roosevelt in 1938. The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version. 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. With the minimum wage was higher relative to living costs luce says. 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. The first federal minimum wage law enacted in 1938 set minimum hourly rates at 025 across. The federal minimum wage for covered nonexempt employees is 725 per hour.

Whats worse todays federal minimum earning workers are paid 31 less than the 1054 hour they would have earned in 1968 when the minimum wage hit its peak inflation adjusted level.