What was minimum wage in 1969?

What was minimum wage in 1969?

$1.30
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 year was the minimum wage raised?

2009
The federal minimum wage was last raised on July 24, 2009, when it rose from $6.55 to $7.25 per hour, the last step of a three-step increase approved by Congress in 2007. Before 2007, the minimum wage had been stuck at $5.15 per hour for 10 years.

What was min wage in 1975?

$2.10
Minimum hourly wage of workers in jobs first covered by

Effective Date 1938 Act 1 1961 Amendments 2
May 1, 1974 $2.00 $2.00
Jan. 1, 1975 $2.10 $2.10
Jan 1, 1976 $2.30 $2.30
Jan 1, 1977

What is the history of minimum wage in the united states?

The federal minimum wage was introduced in 1938 at the rate of $0.25 per hour (equivalent to $4.81 in 2021). By 1950 the minimum wage had risen to $0.75 per hour. The purchasing power of the federal minimum wage has fluctuated; it was highest in 1968, when it was $1.60 per hour (equivalent to $12.47 in 2021).

What was minimum wage in 1999?

History of California Minimum Wage

Effective Date New Minimum Wage Amount of Wage Increase
January 1, 2002 $6.75 $0.50
January 1, 2001 $6.25 $0.50
March 1, 1998 $5.75 $0.60
September 1, 1997 $5.15 $0.15

What was minimum wage in 1992?

Changes in Basic Minimum Wages in Non-Farm Employment Under State Law: Selected Years 1968 to 2021

State or other jurisdiction 1988 1992
Federal (FLSA) $3.35 $4.25
Alabama
Alaska 3.85 4.75

What is the highest minimum wage in the world?

Governments usually base the minimum wage on one hour of work, but some countries calculate their minimum wages on daily, weekly, or monthly employment. Overall, Australia has the highest minimum wage in the world at about 14.54 USD an hour.

Who started minimum wage?

Overview. The national minimum wage was created by Congress under the Fair Labor Standards Act (FLSA) in 1938. Congress enacted this legislation under its authority in Article I, Section 8 of the U.S. Constitution: “The Congress shall have power to . . .

What was minimum wage in 1972?

1.60
The value of the dollar

Value of the minimum wage Value of the minimum wage
Year Current dollars Constant (1996) dollars 1
1972 1.60 4.69
1973 1.60 4.56
1974 2.00 4.49

What was minimum wage in 1986?

$3.35
Barack Obama says the minimum wage was higher during Ronald Reagan’s first State of the Union

Year Minimum wage Wage in 2013 dollars
1985 $3.35 $7.25
1986 $3.35 $7.12
1987 $3.35 $6.87
1988 $3.35 $6.60

Recent Posts

Categories