Search results
Results From The WOW.Com Content Network
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. The Minimum Wage Since 1988 ...
The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [78] [7] By 1950 the minimum wage had risen to 75¢ per hour. [82] [7] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
$6.00 wage increase August 1988 $4.98 $189.43 3% wage increase ... the federal minimum wage is defined to be the general adult minimum wage rate of the province or ...
The federal minimum wage is currently at $7.25, a number that has stayed the same since 2009. ... 1988. U.S. minimum wage: $3.35. In 2020 dollars: $7.47. Andrey_Popov / Shutterstock.com.
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.
Although minimum wage is higher now than it was years ago, it isn't keeping up with the cost of living. Look at how minimum wage has changed over the years.
In 1989, Senator Edward M. Kennedy introduced a bill to increase the minimum wage from $3.35 per hour to $4.55 per hour in stages. [48] Secretary of Labor Elizabeth Dole supported increasing the minimum wage to $4.25 per hour along with allowing a minimum wage of $3.35 an hour for new employees' first ninety days of employment for an employer. [48]
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers. ... Meanwhile, the federal minimum wage of $7.25 an hour hasn't ...