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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). [76] [5] By 1950 the minimum wage had risen to 75¢ per hour. [81] [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 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.
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.
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 ...
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 2014 and 2015, there were increases, and then a series of significant hikes started in 2020, leading to the current rate of $15.13 per hour as of January 2024. ... Federal Minimum Wage: While ...
The Democratic Caucus's budget proposal had 31 Democrats vote against it. The proposal would have spent $3.1 trillion in 2015 and was considered similar to the plan offered by President Obama. The plan had provisions to extend unemployment insurance for another year and raise the federal minimum wage to $10.10. Rep.
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.