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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 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. ... 2009. Minimum wage: $7.25 .
The federal minimum has held at $7.25 an hour since 2009, ... Meanwhile, the federal minimum wage of $7.25 an hour hasn't budged since 2009, and it remains the law in 20 states. Since then time ...
Looking ahead: Georgia’s minimum wage has flatlined at $5.15 since 2001, though it was effectively raised in 2009, when the federal minimum wage reached $7.25. An ambitious effort to raise the ...
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 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.
As of July 24, 2009, U.S. federal law requires a minimum wage of at least $7.25 per hour. [137] In 2011 5.2% of all hourly-paid workers age 16 or over earned an hourly wage at or below the federal minimum wage.
The federal minimum wage was last raised in July 2009. At the time, $7.25 was the equivalent of $10.58 adjusted for inflation today, according to the Bureau of Labor Statistics’ inflation ...