US minimum wage by year

US minimum wage by year

[ad_1]

When President Franklin D. Roosevelt signed America’s first federal minimum wage into law in 1938, it was 25 cents per hour. 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: Bureau of Labor Statistics and Department of Labor

Note: Figures adjusted to 2018 dollars using the CPI-U

Throughout history, Congress has raised the minimum wage 22 times. The current level, at $7.25 an hour, was set in 2009.

Cities and states have the option of setting their own minimum wages. As of January 2019, 29 states had a minimum wage rate above the federal level.

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/all.js#xfbml=1”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

[ad_2]
Source link

About milonshil

Check Also

The next big test for Elon Musk arrives this week

The next big test for Elon Musk arrives this week

[ad_1] Editor’s Note: This story originally published on September 30, 2018. New York CNN Business …

Leave a Reply