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1939. Minimum wage: $0.30 In 2025 money: $6.81 The very next year, as the Depression was finally drawing to a close, the minimum wage was raised by a nickel an hour to $0.30, where it would remain ...
Effective January 1, 2025, the minimum wage increased to $15.01 and the tipped minimum wage increased to $7.01. In future years, the state minimum wage will be indexed to increase with inflation. Virginia: $12.41 [308] $2.13 The minimum wage in Virginia increased from $11.00 to $12.00 on January 1, 2023. [308]
Although minimum wage is higher now than it was years ago, it isn't keeping up with the cost of living. Look at how minimum wage has changed over the years.
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.
See how the minimum wage has changed — or not — over the years.
FRED version of this chart updated through December 2019 = Description: English: This is a history of minimum wage increases under the 1938 act. This is current as of ...
1939. Minimum wage: $0.30 In 2024 money: $6.63 The very next year, 24as the Depression was finally drawing to a close, the minimum wage was raised by a nickel an hour to $0.30, where it would ...
Over the years, the minimum wage continued to rise, with several revisions along the way. In 2022, the Spanish government set the minimum wage at 33.33 euros per day or 1,000 euros per month, effective from January 1. This represents a 47% increase from the previous minimum wage set in 2018 at 735.90 euros. [202]