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

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.

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

Wages in the United States increased 4.72 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Minimum Wages in Australia increased to 948 AUD/week in 2025 from 915.90 AUD/week in 2024. This dataset provides - Australia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 Hungary remained unchanged at 707 EUR/Month in the second quarter of 2025 from 707 EUR/Month in the first quarter of 2025. This dataset provides - Hungary Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

The minimum wage per day guaranteed by law in Mexico was decreed to increase by approximately 12 percent between 2024 and 2025, reaching 278.8 Mexican pesos in 2025. The Northern Free Zone located near the northern border was the exception, where the minimum daily wage increased to 419.88 Mexican pesos. Education and income disparity The income distribution is entirely a new story than minimum wages, in fact, there are many factors that influence the level of salaries for Mexican workers. One of the main differences is by the number of schooling years, someone with more than 18 years of study earns on average double than employees with seven to nine years. Moreover, the area of study, while statistics and finance mean salaries, the highest wages by degree, are above 30,000 Mexican pesos per month, others such as performing arts and theology rank as the lowest paying degrees in Mexico.
Poverty still among the main problems
Despite one of the main reasons for minimum wage increases being moving people out from poverty conditions, poverty continues to be one of the main problems Mexican society faces. The number of people living under poverty conditions has decreased by 8.54 million inhabitants from 2014 to 2022, nonetheless, the figure is still higher than 46.5 million. The poverty rate varies among states, with Chiapas leading the ranking with 67.4 percent of the population under such conditions, while both Baja California and Baja California Sur recorded less than 14 percent.

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.

Minimum Wages in Chile increased to 529000 CLP/Month in 2025 from 500000 CLP/Month in 2024. This dataset provides the latest reported value for - Chile Minimum Monthly Wages - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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.

Graph and download economic data for State Minimum Wage Rate for Virginia (STTMINWGVA) from 1976 to 2025 about minimum wage, VA, wages, rate, and USA.

Since 2007, gross minimum wages in Romania have constantly increased. As of 2025, the gross minimum wage peaked at 4,050 Romanian lei. The growth rate of the gross minimum wage fluctuated over the years. However, in the past year, the rate increased more significantly.

In January 2025, the minimum monthly wage in Romania was 22.7 percent higher than in the corresponding month of the previous year. The national minimum wage stood at 4,050 Romanian lei. A year prior, it was 3,300 Romanian lei.

Minimum Wages in Indonesia increased to 5.40 IDR Million/Month in 2025 from 5.07 IDR Million/Month in 2024. This dataset provides - Indonesia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Standard of Monthly Minimum Wage data was reported at 1,060.000 RMB in 2011. This records an increase from the previous number of 870.000 RMB for 2010. China Standard of Monthly Minimum Wage data is updated yearly, averaging 641.000 RMB from Dec 2005 (Median) to 2011, with 6 observations. The data reached an all-time high of 1,060.000 RMB in 2011 and a record low of 367.500 RMB in 2005. China Standard of Monthly Minimum Wage data remains active status in CEIC and is reported by Ministry of Human Resources and Social Security. The data is categorized under China Premium Database’s Labour Market – Table CN.GC: Standard of Monthly Minimum Wage.

Graph and download economic data for Federal Minimum Hourly Wage for Nonfarm Workers for the United States (FEDMINNFRWG) from Oct 1938 to Jun 2025 about per hour, minimum wage, nonfarm, workers, hours, federal, wages, and USA.