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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 — money that has stayed the same since 2009. Read More: The Salary Needed To Afford America’s 50 Biggest Cities Check Out: 9 Things You Must Do ...
[2] [3] US federal minimum wage if it had kept pace with the average worker's productivity. Also, the inflation-adjusted minimum wage. [4] 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 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. That is because the main table does not use the rate for cities or regions.
1956. Minimum wage: $1 In 2024 money: $11.29 On Mar. 1, 1956, the minimum wage was raised by one-third, just as it had been in 1945. For the first time in history, those entering the workforce ...
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]
The federal minimum wage has remained stuck at $7.25 since 2009, the longest period without an increase since the Fair Labor Standards Act first established a minimum wage in 1938.
The federal government could theoretically set its own minimum wage rates for workers in federal jurisdiction industries (interprovincial railways, for example). As of 2006 however, the federal minimum wage is defined to be the general adult minimum wage rate of the province or territory where the work is performed.