In 2021, the minimum wage in the United States would be 22.88 U.S. dollars an hour if it grew with productivity. However, the current federal minimum wage in the United States 7.25 U.S. dollars an hour and has remained unchanged since 2009.
Value of the minimum wage if it grew with productivity in the United States from 1968 to 2021
(in 2021 U.S. dollars)
The 'real' minimum wage refers to the value of that wage in 2021 U.S. dollars. The federal minimum wage has been 7.25 since 2009, but due to inflation, the real value of that wage has changed overtime.
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Center for Economic and Policy Research (U.S.). (August 19, 2021). Value of the minimum wage if it grew with productivity in the United States from 1968 to 2021 (in 2021 U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1056023/value-minimum-wage-grew-productivity-us/
Center for Economic and Policy Research (U.S.). "Value of the minimum wage if it grew with productivity in the United States from 1968 to 2021 (in 2021 U.S. dollars)." Chart. August 19, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1056023/value-minimum-wage-grew-productivity-us/
Center for Economic and Policy Research (U.S.). (2021). Value of the minimum wage if it grew with productivity in the United States from 1968 to 2021 (in 2021 U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1056023/value-minimum-wage-grew-productivity-us/
Center for Economic and Policy Research (U.S.). "Value of The Minimum Wage If It Grew with Productivity in The United States from 1968 to 2021 (in 2021 U.S. Dollars)." Statista, Statista Inc., 19 Aug 2021, https://www.statista.com/statistics/1056023/value-minimum-wage-grew-productivity-us/
Center for Economic and Policy Research (U.S.), Value of the minimum wage if it grew with productivity in the United States from 1968 to 2021 (in 2021 U.S. dollars) Statista, https://www.statista.com/statistics/1056023/value-minimum-wage-grew-productivity-us/ (last visited November 21, 2024)
Value of the minimum wage if it grew with productivity in the United States from 1968 to 2021 (in 2021 U.S. dollars) [Graph], Center for Economic and Policy Research (U.S.), August 19, 2021. [Online]. Available: https://www.statista.com/statistics/1056023/value-minimum-wage-grew-productivity-us/
