Us Minimum Wage Graph, Minimum Wage Change Charts Business Insider
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The real wage has basically hovered between 650 and 800 ever since.
Minimum wage florida 16 year old. Graph and download economic data for state minimum wage rate for colorado sttminwgco from 1968 to 2020 about minimum wage co wages rate and usa. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum. However some states cities and counties have a higher minimum wage rate.
When the state city or county minimum wage rate is higher than the federal rate employers are required to pay workers the higher amount. Paid minimum wage 1979 2018 ratio of military expenditure to gross domestic product gdp in united states 2018 infographic newsletter. Adjusted for inflation the minimum wage has been above the current rate for large parts of the 20th century with 1968 marking the peak.
The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. The wage rates are set for particular industries not.
Back then the minimum hourly earnings for us. This page provides united states minimum wages actual values historical data forecast chart statistics. Since july 24 2009 the federal minimum wage is 725 per hour.
Minimum wages in the united states remained unchanged at 725 usdhour in 2020 from 725 usdhour in 2019. Federal minimum wage. Scroll over cnns interactive chart to see the minimum wage by year through history.
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. Labor law and a range of state and local laws. The minimum wage in the united states is set by us.
The us minimum wage which started at 25 cents in 1938 has been raised by congress 22 times. Wage and salary workers in the us. The minimum wage the lowest hourly amount that an employee may be paid for their labor is determined by both state and federal labor laws in the united statesunder the federal fair labor standards act states and localities are permitted to set their own minimum wage rates which will take precedence over the federal minimum wage rate if they are higher.
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