Federal Minimum Wage Us History, Minimum Wage Bloomberg

The history of the federal minimum wage is one of political struggle and labor conflict and it actually begins in europe at least a century before the law was passed in the united states.

California minimum wage 15 dollars. The bill introduced by house democrats in january aims to gradually raise the federal minimum wage to 15 by 2025 more than doubling it from the current rate of 725. This page provides united states minimum wages actual values historical data forecast chart statistics. Minimum wage in america isnt as old as you might think.

Federal minimum wage. Labor law and a range of state and local laws. Before the minimum wage was introduced during the great depression of the 1930s there was no national minimum wage or indeed any legislation to protect workers from.

The table of federal minimum wage rates under the fair labor standards act 1938 2009 is also available in a pdf version. 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. This new federal minimum wage results in an income of 1160 a month or close to 14000 a year.

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 in 2020 is 725 per hour and has not increased since july 2009. However the united states hasnt always had a minimum wage.

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. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law.

Minimum wages in the united states remained unchanged at 725 usdhour in 2020 from 725 usdhour in 2019. The first federal minimum wage was first introduced by franklin delano roosevelt in 1938. 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. However some states cities and counties have a higher minimum wage rate. The minimum wage is a cornerstone of the united states labor system and has been a cutting edge labor law topic among employers and workers alike for decades.

Minimum wage was set at 25 cents an hour which works out to about 4 per hour in todays money. When the state city or county minimum wage rate is higher than the federal rate employers are required to pay workers the higher amount.