Graph and download economic data for Federal Minimum Wage Rate under the Federal Fair Labor Standards Act (STTMINWGFG) from 1968 to 2025 about minimum wage, federal, labor, wages, rate, and USA.

This statistic shows the real hourly minimum wage in the United States from 2001 to 2022 (in PPP U.S. dollars). In the United States in 2022, the real minimum wage was *** U.S. dollars per hour.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

The minimum wage is a basic labour standard that sets the lowest wage rate that an employer can pay to employees who are covered by the legislation. Today, one of its main purposes is to protect non-unionized workers in unskilled jobs, although it can also influence, directly or indirectly, the level of compensation of other employees as well. A minimum wage constitutes a floor above which employees or their unions may negotiate with management for higher remuneration. However, it is rarely static: adjustments are required from time to time to maintain its relevance in changing economic and social conditions.

In 1979, about 3.99 million workers were paid hourly rates at the official minimum wage. In 2023, about 81,000 workers were paid hourly rates at the prevailing minimum wage. The prevailing Federal minimum wage was 7.25 U.S. dollars per hour in 2023.

Minimum Wages in Russia increased to 22440 RUB/Month in 2025 from 19242 RUB/Month in 2024. This dataset provides - Russia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for State Minimum Wage Rate for Massachusetts (STTMINWGMA) from 1968 to 2025 about minimum wage, MA, wages, rate, and USA.

Minimum Wages in Morocco increased to 3111.39 MAD/Month in 2023 from 2990 MAD/Month in 2022. This dataset includes a chart with historical data for Morocco Minimum Wages.

Minimum Wages in Belarus increased to 726 BYN/Month in 2025 from 626 BYN/Month in 2024. This dataset provides - Belarus Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for State Minimum Wage Rate for Colorado (STTMINWGCO) from 1968 to 2025 about minimum wage, CO, wages, rate, and USA.

State Minimum Wage Rate for Texas was 7.25000 $ per Hour in January of 2025, according to the United States Federal Reserve. Historically, State Minimum Wage Rate for Texas reached a record high of 7.25000 in January of 2010 and a record low of 1.40000 in January of 1973. Trading Economics provides the current actual value, an historical data chart and related indicators for State Minimum Wage Rate for Texas - last updated from the United States Federal Reserve on July of 2025.

In April 2025, the UK minimum wage for adults over the age of 21 in will be 12.21 pounds per hour. For the 2025/26 financial year, there will be four minimum wage categories, three of which are based on age and one for apprentice workers. Apprentices, and workers under the age of 18 will have a minimum wage of 7.55 pounds an hour, increasing to ten pounds for those aged 18 to 20. When the minimum wage was first introduced in 1999, there were just two age categories; 18 to 21, and 22 and over. This increased to three categories in 2004, four in 2010, and five between 2016 and 2023, before being reduced down to four in the most recent year. The living wage The living wage is an alternative minimum wage amount that employers in the UK can voluntarily pay their employees. It is calculated independently of the legal minimum wage and results in a higher value figure. In 2023/24, for example, the living wage was twelve pounds an hour for the UK as a whole and 13.15 for workers in London, where the cost of living is typically higher. This living wage is different from what the UK government has named the national living wage, which was 10.42 in the same financial year. Between 2011/12 and 2023/24, the living wage has increased by 4.80 pounds, while the London living wage has grown by 4.85 pounds. Wage growth cancelled-out by high inflation 2021-2023 For a long period between the middle of 2021 and late 2023, average wage growth in the UK was unable to keep up with record inflation levels, resulting in the biggest fall in disposable income since 1956. Although the UK government attempted to mitigate the impact of falling living standards through a series of cost of living payments, the situation has still been very difficult for households. After peaking at 11.1 percent in October 2022, the UK's inflation rate remained in double figures until March 2023, and did not fall to the preferred rate of two percent until May 2024. As of November 2024, regular weekly pay in the UK was growing by 5.6 percent in nominal terms, and 2.5 percent when adjusted for inflation.

Minimum Wages in Ireland increased to 13.50 EUR/Hour in 2025 from 12.70 EUR/Hour in 2024. This dataset provides - Ireland Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Kazakhstan remained unchanged at 85000 KZT/Month in 2025 from 85000 KZT/Month in 2024. This dataset provides - Kazakhstan Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for State Minimum Wage Rate for Texas (STTMINWGTX) from 1972 to 2025 about minimum wage, TX, wages, rate, and USA.

The minimum wage as a percentage of the median full-time salary of other countries in the Organization for Economic Co-operation and Development is slowly catching up to that of Australia. Figures show that from 2016 to 2019, the difference was equal to or below three percent between Australia and other OECD member countries. The proportion of minimum wage compared to the median full-time salary of Australia has fallen from 58 percent in 2000 to 54 percent in 2019.

Minimum Wages in Benin remained unchanged at 52000 XOF/Month in 2025 from 52000 XOF/Month in 2024. This dataset includes a chart with historical data for Benin Minimum Wages.

From April 2025 onwards, the UK's main national minimum wage category, the national living wage, will rise to ***** pounds per hour, up from ***** pounds per hour in the previous financial year. This amount will apply to workers aged 21 and over, compared with 2022 and 2023 when it was only for workers aged 23 and over, and for those aged 25 and over between 2016 and 2021. The main minimum wage from 2010 to 2015 was the 21+ rate, and 22+ rate between 1999 and 2009. Evolution of the minimum wage Since its introduction in 1999, the minimum wage has had various rate categories, usually based on age. For the first five years, there were two categories, one for workers 18 to 21, and another for workers aged 22 and over. In 2004, a minimum wage for under 18s was introduced, and between 2010 and 2015 there were three rates based on age, and one for apprenticeships. Another age based-rate was added in 2016, but from 2024 onwards, the model will revert to four rate categories overall. In addition to the legal minimum wage, there is also a voluntary real living wage, which for 2024/25 is **** pounds per hour, rising to ***** pounds per hour for workers in London. Wages continue to outpace inflation in 2024 Since July 2023, wages have grown faster than inflation in the UK with December 2024 seeing regular weekly earnings grow by *** percent, compared with the CPI inflation rate of *** percent that month. For almost two years between November 2021 and June 2023, wage growth struggled to keep up with inflation, with the biggest gap occurring in October 2022 when inflation peaked at **** percent. The fall in real earnings in one of the most important factors in the UK's ongoing cost of living crisis. At the height of the crisis, around ** percent of UK households were reporting a monthly increase in their cost of living, with this falling to ** percent by March 2024.

Graph and download economic data for State Minimum Wage Rate for Ohio (STTMINWGOH) from 1968 to 2025 about minimum wage, OH, wages, rate, and USA.

Graph and download economic data for State Minimum Wage Rate for Arkansas (STTMINWGAR) from 1970 to 2025 about AR, minimum wage, wages, rate, and USA.