What Was The Federal Minimum Wage Before 2009 That s down from 392 000 in 2019 And while many states have taken the initiative to increase the minimum wage into their own hands twenty US states still only require employers to pay 7 25 an
The most recent hike to the federal minimum wage occurred on July 24 2009 back when former President Barack Obama was still in his first year in office and the Black Eyed Peas topped the 2009 Thanks to legislation passed two years earlier the federal minimum wage rises to 7 25 States Fed Raise Minimum Wage 2021 A bid to advance an increase the federal minimum wage to 15 an
What Was The Federal Minimum Wage Before 2009
What Was The Federal Minimum Wage Before 2009
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The most recent change became effective July 24 2009 increasing the federal minimum wage to 7 25 Despite numerous efforts there have been no federal minimum wage increases since then Table 1 highlights federal minimum wage increases over time in nominal dollars compared with what that wage would be in inflation adjusted 2023 dollars The federal minimum wage introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt was initially set at 0 25 per hour The federal minimum wage has been increased by Congress 22 times most recently in 2009 from 6 55 to 7 25 an hour Most states plus DC have a minimum wage higher than the federal minimum wage
The minimum wage increased to 2 00 an hour in 1974 2 10 in 1975 and 2 30 in 1976 for all except farm workers whose minimum initially rose to 1 60 Parity with nonfarm workers was reached at 2 30 with the 1977 amendments The 1977 amendments by eliminating the separate lower minimum for large agricultural employers although retaining A MART NEZ HOST Fourteen years ago this month the federal minimum wage was raised to 7 25 an hour and it hasn t gone up since Thirty states have a higher minimum wage but even that may not
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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 Graph and download economic data for Federal Minimum Wage Rate under the Federal Fair Labor Standards Act STTMINWGFG from 1968 to 2024 about minimum wage federal wages labor rate and USA
The federal minimum wage was introduced in 1938 when Congress passed the Fair Labor Standards Act Pub L 75 718 When the act became effective on October 24 1938 the minimum hourly wage was 0 25 hour The federal minimum wage in the United States was set at the current rate of 7 25 per hour on July 24 2009 and many states and territories The federal minimum wage was raised to 5 15 an hour effective September 1 1997 It remained at that level for nearly a decade The value of 5 15 in 1997 was equal to the buying power of 8 24
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What Was The Federal Minimum Wage Before 2009 - The minimum wage increased to 2 00 an hour in 1974 2 10 in 1975 and 2 30 in 1976 for all except farm workers whose minimum initially rose to 1 60 Parity with nonfarm workers was reached at 2 30 with the 1977 amendments The 1977 amendments by eliminating the separate lower minimum for large agricultural employers although retaining