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$11.76
- That is equivalent to $11.76 in today’s dollars, which is well above today’s minimum wage level and an all-time high when adjusted for inflation.
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In the United States, the federal minimum wage is 7.25 U.S. dollars per hour which, when adjusted for inflation, is approximately 40 percent lower than what it was in 1970.
Nov 18, 2021 · For sake of comparison, we've converted all of the minimum wage rates to 1996 dollars (the year Infoplease hit the web) based on the Department of Labor's Consumer Price Index. The value of the minimum wage today is about 20% lower than when it was changed in 1996.
Aug 31, 2023 · Table 1 highlights federal minimum wage increases over time in nominal dollars compared with what that wage would be in inflation-adjusted 2023 dollars. Congress raised the minimum wage fairly consistently for decades, but that began to change in the 1980s, with increases becoming fewer and farther between.
Apr 9, 2019 · Adjusted for inflation, that would be worth about $4.45 today. Scroll over the chart to see the US federal minimum wage through history, and what it would be worth in today’s dollars. Source:...
Sep 5, 2023 · In America, the idea of a federal minimum wage gained traction when Samuel Gompers, the founding president of the American Federation of Labor, published an article in 1898 called “A Minimum Living Wage,” which called for a standard base hourly wage that workers could live upon. Initial calls for a minimum wage were in response to sweatshop ...
Sep 27, 2021 · Additionally, two states (Georgia and Wyoming) have state minimum wage rates that are lower than the federal minimum wage rate. But this lower rate doesn't apply to the average worker, and most ...
Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
