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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.
Right now, minimum wage workers in New York City get paid $15, while the rest of the state is at $14.20. In Massachusetts, one bill proposes to raise the wage every year until it hits $20 in 2027 ...
For anyone working a minimum wage job in this new year, ... Its minimum wage will hit $20.29 in January, up from $18.99 now. ... The federal minimum wage has been stuck at $7.25 since 2009. And 20 ...
1974. Minimum wage: $2 In 2024 money: $12.46 Had the government not increased the minimum wage in 1974, It would have cratered by almost a full dollar from $12.46 in today's money all the way down ...
Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $7.25 per hour ($14,500 per year) under certain US state laws (or $2.13 for employees who receive tips, which is known as the tipped minimum wage), $16.28 per hour in the U.S. state of Washington, [29] or £11.44 ...
The beginning of 2024 brought good news to certain minimum wage workers, as 22 states and 38 cities and counties raised their own minimums above the federal minimum. As CBS News reported, the pay...
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. This means, for example, that an interprovincial railway company could not legally pay a worker in British Columbia less than $ 10.45 an hour regardless of the worker's experience.