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By October 1, 2026, the minimum wage will be tied to yearly inflation. Afterwards, the minimum wage will be re-adjusted by a Commonwealth Commissioner annually. Washington: $16.66 [309] $16.66 [309] $13.84 [309] The minimum wage increased to $16.66 in 2025.
Inflation Adjusted Minimum Wage by Year. Compares minimum wage adjusted for inflation by year. History of Federal Minimum Wage United States Department of Labor Wage and Hour Division. Maps and charts of minimum wage vs. housing costs – National Low Income Housing Coalition (advocacy group).
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.
FRED version of this chart updated through December 2019 ... with the inflation adjustment going to the same month. ... 1=This is a history of minimum wage increases ...
A well-known factoid in American economic debates is that wages used to grow with productivity, but they don't anymore. There's a particularly famous chart, courtesy of the Economic Policy ...
While the federal minimum wage remains at $7.25 per hour, many states have their own rates. More than half of U.S. states have announced adjustments to their minimum wages in 2023 to help residents...
History of the US federal minimum wage. Lower line is nominal dollars.Top line is inflation-adjusted. [1] [2]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.
A bill in New York would raise the state’s minimum wage to $21.25 by 2026, and then adjust it each year going forward for inflation. Right now, minimum wage workers in New York City get paid $15 ...