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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 is currently at $7.25 ... minimum wage data to find the minimum wage for every year from 1938 to 2024. ... CPI inflation calculator to find the federal minimum wage in ...
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...
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 $7.25 an hour since 2009, and there have been calls around the country to raise it to $15 an hour. While the $7.25 federal minimum wage remains, there are a ...
$9.20 $9.95 $10.30 ... 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 ...
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 ...
The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...