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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] [7] By 1950 the minimum wage had risen to 75¢ per hour. [81] [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 highest state minimum wage in 2024 will be Washington state, at $16.28, up from $15.74. ... The federal minimum wage has been stuck at $7.25 since 2009. ... “Every minimum wage increase ...
With the 2024 presidential election upon ... Harris has made clear she would like to raise the federal minimum wage to $15 an hour to combat income inequality and give millions of low-wage workers ...
President Joe Biden and most Democrats have been calling for a drastic increase in the federal minimum wage, to $15 from $7.25. ... Workers will get yearly 75-cent raises until July 2024, bringing ...
The first federal minimum wage was created as part of the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but declared unconstitutional. In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars).
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.
Additionally, Florida's minimum wage will increase by $1 to $13, effective Sept. 30, 2024. Nevada increases its minimum wage to $12 an hour from $11.25 on July 1.
More than 1 million workers nationwide earn the federal minimum wage of $7.25 or less. ... California also has plans to raise the minimum wage for healthcare employees between Oct. 15, 2024, and ...