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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. ... 1980. Minimum wage: $3. ...
The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [77] [5] By 1950 the minimum wage had risen to 75¢ per hour. [82] [5] 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.
3.2% wage increase January 1980 $3.24 $123.49 4.5% wage increase ... the federal minimum wage is defined to be the general adult minimum wage rate of the province or ...
The federal minimum wage is currently at $7.25 — money that has stayed the same since 2009. In the late 1960s, minimum wage was worth over $14 in today’s dollars. ... 1980. Rawpixel.com ...
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. [207] In 1938, the Fair Labor Standards Act established it at 25¢ an hour ($5.58 in 2024). [208] Its purchasing power peaked in 1968, at $1.60 ($14.00 in 2024).
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. ... 1980. Minimum wage: $3. ...
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$16.66 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 231 ] [ 232 ] [ 233 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.