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Its purchasing power peaked in 1968, at $1.60 ($14.00 in 2023) [6] [7] [8] In 2009, it was increased to $7.25 per hour, and has not been increased since. [9] Employers have to pay workers the highest minimum wage of those prescribed by federal, state, and local laws.
Dec 31, 2021 · CNN —. Workers in 21 states will see a rise in the minimum wage in the new year. As 2022 begins, some states will enact pay bumps ranging from cents to dollars per hour. Many of the increases...
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.
Jan 10, 2023 · Source: © lotus_studio/stock.adobe.com. The federal minimum wage, introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt, was initially set at $0.25 per hour. The federal minimum wage has been increased by Congress 22 times, most recently in 2009 from $6.55 to $7.25 an hour.
Jul 31, 2023 · Fourteen years ago this month, the federal minimum wage was raised to $7.25 an hour, and it hasn't gone up since. Thirty states have a higher minimum wage, but even that may not be...
May 7, 2024 · 2024 marks a significant year for minimum wage increases across various states. Some states stand out with substantial hikes, adjusting wages to better align with living costs and economic...
The federal minimum wage has not been raised since 2009. In the absence of action at the national level, many states and localities have raised their own minimum wages. Explore the map to see how these rapidly changing laws differ across the country. Values as of March 1, 2024.
