Us Minimum Wage History Chart, 5 Facts About The Minimum Wage Pew Research Center
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The wage rates are set for particular industries not.
What is the minimum wage in new york state 2020. Wages in the united states increased 053 percent in september of 2020 over the same month in the previous year. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. 025 oct 24 1939.
Minimum wage in the united states. Minimum wage in america isnt as old as you might think. Minimum wage was set at 25 cents an hour which works out to about 4 per hour in todays money.
040 jan 25 1950. The minimum wage in the united states is set by us. 030 oct 24 1945.
Labor law and a range of state and local laws. The us minimum wage which started at 25 cents in 1938 has been raised by congress 22 times. 100 sep 3 1961.
Minimum wages in the united states remained unchanged at 725 usdhour in 2020 from 725 usdhour in 2019. This page provides united states minimum wages actual values historical data forecast chart statistics. 125 sep 3 1964 115 sep 3 1965 125 feb 1 1967.
100 sep 3 1963. Wage growth in the united states averaged 611 percent from 1960 until 2020 reaching an all time high of 1378 percent in january of 1979 and a record low of 7 percent in april of 2020. As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum.
Scroll over cnns interactive chart to see the minimum wage by year through history. Effective date 1938 act 1 1961 amendments 2 1966 and subsequent amendments 3. Annual federal minimum wage rates adjusted for inflation from 1955 to 2015.
The fair minimum wage act of 2007 public law 110 28 sets minimum wage rates within american samoa and provides for additional increases in the minimum wage of 050 per hour each year on may 25 until reaching the minimum wage generally applicable in the united states. Back then the minimum hourly earnings for us. 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.
Minimum hourly wage of workers in jobs first covered by. This page provides the latest reported value for united states wages and salaries growth. 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.
075 mar 1 1956.
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