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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). [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.
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.
Minimum wage by state by year. In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. [208] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. [209]
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 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 ...
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.
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Look at how minimum wage has changed over the years. 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 ...