Of Minimum Wage: Buying Power

: The federal minimum wage reached its historical peak in purchasing power in 1968.

: To match the 1968 standard today, the minimum wage would need to be between $12 and $14.81 per hour . buying power of minimum wage

: If the minimum wage had kept pace with worker productivity growth, it would be closer to $17 per hour . Economic & Social Impact Review : The federal minimum wage reached its historical

The purchasing power of the federal minimum wage in the United States has reached its when adjusted for inflation. Since its last increase in July 2009 to $7.25 , its real value has dwindled to roughly $4.81 in current terms. Historical Context & Peak Power buying power of minimum wage