$1.25.
Minimum hourly wage of workers in jobs first covered by
| Effective Date | 1938 Act 1 | 1961 Amendments 2 |
|---|---|---|
| Sep 3, 1963 | $1.25 | |
| Sep 3, 1964 | $1.15 | |
| Sep 3, 1965 | $1.25 | |
| Feb 1, 1967 | $1.40 | $1.40 |
What was the US minimum wage in 1955?
$0.75
The value of the dollar
| Value of the minimum wage | Value of the minimum wage | |
|---|---|---|
| Year | Current dollars | Current dollars |
| 1955 | $0.75 | $7.25 |
| 1956 | 1.00 | 7.25 |
| 1957 | 1.00 | 7.25 |
What was the US minimum wage in 1966?
In 1966, Congress enacted legislation to raise the federal minimum wage from $1.25 an hour to $1.40 in February 1967 and then to $1.60 in February 1968.
What was the minimum wage in the US in 1967?
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.
What was minimum wage in the 1920s?
16 cents an hour
In the 1920s, American lawmakers sought to improve working conditions in their states. By 1925, fifteen states had passed minimum wage laws, including California at 16 cents an hour. The U.S. Supreme Court later ruled several of the laws unconstitutional. (By 1929, every state had passed laws limiting child labor.)
What was minimum wage in 1940?
$ 4.43
| Actual minimum wage (2016$) | |
|---|---|
| 1940 | $ 4.43 |
| 1941 | $ 4.22 |
| 1942 | $ 3.81 |
| 1943 | $ 3.59 |
What was the minimum wage in 1938?
$0.25
Minimum hourly wage of workers in jobs first covered by
| Effective Date | 1938 Act 1 |
|---|---|
| Oct 24, 1938 | $0.25 |
| Oct 24, 1939 | $0.30 |
| Oct 24, 1945 | $0.40 |
| Jan 25, 1950 | $0.75 |
What was the minimum wage in 1950?
$0.75 per hour
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 the minimum wage in 1957?
Annual inflation over this period was 3.57%. In the year 1957, the United States minimum wage was $1.00. This is equivalent to $9.44 in 2021 dollars.
What was minimum wage in 1930?
$0.25/hour
In the depths of the 1930s depression, both unemployed and union workers mobilized to successfully support the passage of the Fair Labor Standards Act, which established the first national minimum wage at $0.25/hour (equivalent to $4.31/hour in 2017 dollars).
What was the average wage in the 1940s?
The 16th decennial census of population began on April 1, 1940. The average income was $1,368, and the average unemployment rate in the 1930s was 18.26 percent, up from the average of 5.2 percent in the 1920s.
What was the average salary in 1942?
Of course, the average American’s yearly income in 1942 was $1,885, so $420 was a big chunk of change in those days.
What was the average household income in 1950?
Average family income in 1950 was $3,300, or $200 higher than in 1949, according to estimates issued today by Roy V. Peel, Director, Bureau of the Census, Department of Commerce.
What was the average hourly wage in 1930?
In total, the average entrance rate for common labor was $0.45 an hour, with a low of $0.15 and a high of $0.95. The study also looked at geographical differences, which showed that workers in the North made significantly more (average of $0.48 per hour) than those in the South ($0.34 per hour on average).
What was the average income in 1929?
Middle-income families—those in the middle fifth of the aggregate income distribution— saw their average annual incomes, measured in constant dollars, increase from more than $15,000 in 1929 to more than $47,000 in 1998. National data on family or household income were not available before 1929.
What was the average income in 1943?
From the early part of 1940 to the middle of 1943, average weekly wages in manufacturing establishments covered by State unemployment compensation laws increased 71 percent, from $26 to $45; average weekly wages in the combined group of industries we have classified as white-collar increased 21 percent, from $24 to $29
What was minimum wage in 1900?
Minimum wage was set at 25 cents an hour, which works out to about $4 per hour in today’s money. That minimum wage was introduced as part of the Fair Labor Standards Act (FLSA).
What was the average salary in 1944?
The median total money income of urban and rural-nonfarm families and individuals in pri- vate households shifted slightly upward from 1944 to 1946. The figures were $2,410 in 1944, $2,595 in 1945, and $2,659 in 1946.
What state has lowest minimum wage?
Georgia
The two states with the lowest minimum wage are Georgia ($5.15) and Wyoming ($5.15). However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.
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 state has the highest minimum wage?
The 10 States with the Highest Minimum Wage Rates in 2022
- Maine $12.75 (tie)
- Arizona $12.80.
- New Jersey $13 (tie)
- Connecticut $13 (tie)
- New York $13.20.
- 8. California $14.
- Massachusetts $14.25.
- Washington $14.49. Washington has been a leading state when it comes to high minimum wages for quite some time.
