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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). [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.
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 other states with minimum wage increases put into effect by their own residents were New York, which now has a $15.50 hourly rate — $16.50 for those working in New York City, Long Island ...
The federal minimum wage has been stuck at $7.25 since 2009, ... Minimum wage: $7.25. The minimum wage today is exactly $7 more than it was when the concept first revolutionized labor in 1938 ...
The minimum wage under federal law is $7.25 an hour, though many states set higher minimums. Four states and several cities have a minimum wage of at least $15. ... New York; Editing by Will ...
In 1989, Senator Edward M. Kennedy introduced a bill to increase the minimum wage from $3.35 per hour to $4.55 per hour in stages. [51] Secretary of Labor Elizabeth Dole supported increasing the minimum wage to $4.25 per hour along with allowing a minimum wage of $3.35 an hour for new employees' first ninety days of employment for an employer. [51]
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. In the late 1960s, minimum ...