 |
Federal Minimum Wage Rates, 1955–2007| | Value of the
minimum wage |
|---|
| Year | Current
dollars | Constant
(1996)
dollars1 |
|---|
| 1955 | $0.75 | $4.39 | | 1956 | 1.00 | 5.77 | | 1957 | 1.00 | 5.58 | | 1958 | 1.00 | 5.43 | | 1959 | 1.00 | 5.39 | | 1960 | 1.00 | 5.30 | | 1961 | 1.15 | 6.03 | | 1962 | 1.15 | 5.97 | | 1963 | 1.25 | 6.41 | | 1964 | 1.25 | 6.33 | | 1965 | 1.25 | 6.23 | | 1966 | 1.25 | 6.05 | | 1967 | 1.40 | 6.58 | | 1968 | $1.60 | $7.21 | | 1969 | 1.60 | 6.84 | | 1970 | 1.60 | 6.47 | | 1971 | 1.60 | 6.20 | | 1972 | 1.60 | 6.01 | | 1973 | 1.60 | 5.65 | | 1974 | 2.00 | 6.37 | | 1975 | 2.10 | 6.12 | | 1976 | 2.30 | 6.34 | | 1977 | 2.30 | 5.95 | | 1978 | 2.65 | 6.38 | | 1979 | 2.90 | 6.27 | | 1980 | 3.10 | 5.90 | | 1981 | $3.35 | $5.78 | | 1982 | 3.35 | 5.45 | | 1983 | 3.35 | 5.28 | | 1984 | 3.35 | 5.06 | | 1985 | 3.35 | 4.88 | | 1986 | 3.35 | 4.80 | | 1987 | 3.35 | 4.63 | | 1988 | 3.35 | 4.44 | | 1989 | 3.35 | 4.24 | | 1990 | 3.80 | 4.56 | | 1991 | 4.25 | 4.90 | | 1992 | 4.25 | 4.75 | | 1993 | 4.25 | 4.61 | | 1994 | $4.25 | $4.50 | | 1995 | 4.25 | 4.38 | | 1996 | 4.75 | 4.75 | | 1997 | 5.15 | 5.03 | | 1998 | 5.15 | 4.96 | | 1999 | 5.15 | 4.85 | | 2000 | 5.15 | 4.69 | | 2001 | 5.15 | 4.56 | | 2002 | 5.15 | 4.49 | | 2003 | 5.15 | 4.39 | | 2004 | 5.15 | 4.28 | | 2005 | 5.15 | 4.14 | | 2006 | 5.15 | 4.04 | | 2007 | 5.85 | 4.41 |
1. Adjusted for inflation using the CPI-U (Consumer Price Index for All Urban Consumers). Source: U.S. Department of Labor. Web: http://www.dol.gov/esa/whd/flsa/. Information Please® Database, © 2007 Pearson Education, Inc. All rights reserved.
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