What was the minimum wage in 1938 adjusted for inflation?
Table of Contents
- 1 What was the minimum wage in 1938 adjusted for inflation?
- 2 What was minimum wage back in 1980?
- 3 How much was minimum wage in 1970?
- 4 What was the US minimum wage in 1968?
- 5 What was minimum wage in 1940?
- 6 What was the minimum wage in 2006?
- 7 What was minimum wage in 1992?
- 8 What was minimum wage 1998?
What was the minimum wage in 1938 adjusted for inflation?
In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($4.60 in 2020 dollars). Its purchasing power peaked in 1968 at $1.60 ($11.91 in 2020 dollars). Since 2009, it has been $7.25 per hour.
What was minimum wage back in 1980?
$3.10
Minimum hourly wage of workers in jobs first covered by
| Effective Date | 1938 Act 1 |
|---|---|
| Jan 1, 1978 | $2.65 for all covered, nonexempt workers |
| Jan 1, 1979 | $2.90 for all covered, nonexempt workers |
| Jan 1, 1980 | $3.10 for all covered, nonexempt workers |
| Jan 1, 1981 | $3.35 for all covered, nonexempt workers |
How much was minimum wage in 1970?
The minimum wage went to $1.00 an hour effective February 1967 for newly covered nonfarm workers, $1.15 in February 1968, $1.30 in February 1969, $1.45 in February 1970, and $1.60 in February 1971. Increases for newly subject farm workers stopped at $1.30.
What was the minimum wage in 1982?
3.35 5.78
The value of the dollar
| Value of the minimum wage | ||
|---|---|---|
| Year | Current dollars | Constant (1996) dollars 1 |
| 1980 | 3.10 | 5.90 |
| 1981 | 3.35 | 5.78 |
| 1982 | 3.35 | 5.78 |
What was minimum wage in 1996?
$4.75
History of California Minimum Wage
| Effective Date | New Minimum Wage | Old Minimum Wage |
|---|---|---|
| October 1, 1996 | $4.75 | $4.25 |
| July 1, 1988 | $4.25 | $3.35 |
| January 1, 1981 | $3.35 | $3.10 |
| January 1, 1980 | $3.10 | $2.90 |
What was the US minimum wage in 1968?
$1.60 an hour
When adjusted for inflation, the “best” the minimum wage has ever been was in 1968. Though it was $1.60 an hour, today, that’s the equivalent of more than $12 an hour.
What was minimum wage in 1940?
$ 4.43
| Actual minimum wage (2016$) | |
|---|---|
| 1938 | $ 3.67 |
| 1939 | $ 4.46 |
| 1940 | $ 4.43 |
| 1941 | $ 4.22 |
What was the minimum wage in 2006?
$5.15
According to Current Population Survey estimates for 2006, 76.5 million American workers were paid at hourly rates, representing 59.7 percent of all wage and salary workers. Of those paid by the hour, 409,000 were reported as earning exactly $5.15, the prevailing Federal minimum wage.
What was minimum wage in 2011?
$8.00
Federal Minimum Wage Information
| State | 2011 | |
|---|---|---|
| California | $8.00 | Order Poster |
| Colorado | $7.36 | Order Poster |
| Connecticut | $8.25 | Order Poster |
| Delaware | $7.25 | Order Poster |
What was minimum wage back in 1985?
Barack Obama says the minimum wage was higher during Ronald Reagan’s first State of the Union
| Year | Minimum wage | Wage in 2013 dollars |
|---|---|---|
| 1982 | $3.35 | $8.09 |
| 1983 | $3.35 | $7.84 |
| 1984 | $3.35 | $7.51 |
| 1985 | $3.35 | $7.25 |
What was minimum wage in 1992?
Changes in Basic Minimum Wages in Non-Farm Employment Under State Law: Selected Years 1968 to 2020
| State or other jurisdiction | 1988 | 1992 |
|---|---|---|
| Federal (FLSA) | $3.35 | $4.25 |
| Alabama | … | … |
| Alaska | 3.85 | 4.75 |
What was minimum wage 1998?
$5.75
History of California Minimum Wage
| Effective Date | New Minimum Wage | Percentage of Increase Over Previous Wage |
|---|---|---|
| January 1, 2001 | $6.25 | 8.70 percent |
| March 1, 1998 | $5.75 | 11.65 percent |
| September 1, 1997 | $5.15 | 3.00 percent |
| March 1, 1997 | $5.00 | 5.26 percent |