Average Minimum Wage In Us Per Year The effective nationwide minimum wage the wage that the average minimum wage worker earns was 11 80 in May 2019 this was the highest it had been since at least 1994 the earliest year for which effective minimum wage data are available The federal minimum wage in the United States has been 7 25 per hour since and 12 50 for rural
Federal and State Minimum Wage Rates Annual Add to Data List Add to Graph Expand All Collapse All Please select a date range 1968 2025 Dollars per Hour Name Period Value Preceding Period Year Ago from Period Federal Minimum Wage Rate 2025 7 25 7 25 This report presents highlights and statistical tables describing workers whose earnings were at or below the federal minimum wage in 2023 In 2023 80 5 million workers age 16 and older in the United States were paid hourly rates representing 55 7 percent of all wage and salary workers Among those paid by the hour 81 000 workers earned exactly the prevailing federal minimum wage of 7 25
Average Minimum Wage In Us Per Year
Average Minimum Wage In Us Per Year
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This guaranteed a basic level of income for all workers in the country which helped keep families afloat during the Depression In 2021 that minimum wage is 7 25 per hour The value of the dollar The last increase to the minimum wage was in 2009 when it was set at the current rate Accounting for inflation this value was decreased quite a bit 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
The federally mandated minimum wage in the United States is 7 25 U S Average daily time spent on social media worldwide 2012 2024 there will be a uniform minimum wage of 12 per hour for Characteristics of minimum wage workers 2021 In 2021 76 1 million workers age 16 and older in the United States were paid at hourly rates representing 55 8 percent of all wage and salary workers Among those paid by the hour 181 000 workers earned exactly the prevailing federal minimum wage of 7 25 per hour
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In 2022 78 7 million workers age 16 and older in the United States were paid at hourly rates representing 55 6 percent of all wage and salary workers Among those paid by the hour 141 000 workers earned exactly the prevailing federal minimum wage of 7 25 per hour About 882 000 workers had wages below the federal minimum Minimum wage is the lowest hourly rate that employers are legally required to pay their employees In the United States the federal minimum wage is 7 25 U S dollars per hour which when adjusted
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Average Minimum Wage In Us Per Year - 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