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The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [77] [5] By 1950 the minimum wage had risen to 75¢ per hour. [82] [5] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above.
[2] [3] US federal minimum wage if it had kept pace with productivity. Also, the inflation-adjusted minimum wage. The Fight for $15 is an American political movement advocating for the minimum wage to be raised to USD$15 per hour. The federal minimum wage was last set at $7.25 per hour in 2009.
The federal minimum wage is currently at $7.25, a number that has stayed the same since 2009. ... 2015. U.S. minimum wage: $7.25. In 2020 dollars: $8. a katz / Shutterstock.com. 2016.
Iowa also uses the federal minimum wage for most workers, but it is slightly more generous with tipped workers. ... While West Virginia’s minimum wage jumped to $8.75 from $8 at the end of 2015 ...
The federal minimum wage has been stuck at $7.25 since 2009, not even close to the buying power it once brought workers — which peaked all the way back in the 1960s.
In the United States workers generally must be paid no less than the statutory minimum wage.As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.47 per hour in Washington as of January 1, 2015. [5]
In the most recent election, Missouri voted to raise its minimum wage to $15 an hour by 2026, and Alaska voted to hike its minimum to $15 by mid-2027. The last federal minimum increase was in July ...