Us Minimum Wage History Graph, Evolution Of Minimum Wage Gdp Per Capita And Average Wage In Real Terms Download Scientific Diagram

Scroll over cnns interactive chart to see the minimum wage by year through history.

Whats minimum wage in texas right now. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. 125 sep 3 1964 115 sep 3 1965 125 feb 1 1967. The us minimum wage which started at 25 cents in 1938 has been raised by congress 22 times.

The first federal minimum wage was first introduced by franklin delano roosevelt in 1938. 025 oct 24 1939. Minimum wage in the united states.

Minimum wages in the united states remained unchanged at 725 usdhour in 2020 from 725 usdhour in 2019. Effective date 1938 act 1 1961 amendments 2 1966 and subsequent amendments 3. 030 oct 24 1945.

Minimum wage was set at 25 cents an hour which works out to about 4 per hour in todays money. Wages in the united states increased 053 percent in september of 2020 over the same month in the previous year. 040 jan 25 1950.

The minimum wage last increased in three 070 increments to 585 in. 100 sep 3 1963. 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. Labor law and a range of state and local laws. Since july 24 2009 the federal minimum wage is 725 per hour.

This page provides the latest reported value for united states wages and salaries growth. Minimum hourly wage of workers in jobs first covered by. 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.

100 sep 3 1961. The real dollar minimum wage red squares falls when congress does not raise the minimum wage to keep up with inflation. Adjusted for inflation the minimum wage has been above the current rate for large parts of the 20th century with 1968 marking the peak.

This page provides united states minimum wages actual values historical data forecast chart statistics. Annual federal minimum wage rates adjusted for inflation from 1955 to 2015. Minimum wage in america isnt as old as you might think.

The minimum wage in the united states is set by us. 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.