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.

Minimum Wages in the United States remained unchanged at 7.25 USD/Hour in 2025 from 7.25 USD/Hour in 2024. This dataset provides - United States Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 Virginia (STTMINWGVA) from 1976 to 2025 about minimum wage, VA, wages, rate, and USA.

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 Portugal increased to 1015 EUR/Month in the second quarter of 2025 from 957 EUR/Month in the fourth quarter of 2024. This dataset provides - Portugal Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States - Employed part time: Paid total at or below prevailing federal minimum wage: Wage and salary workers: 16 years and over was 471.00000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, United States - Employed part time: Paid total at or below prevailing federal minimum wage: Wage and salary workers: 16 years and over reached a record high of 2716.00000 in January of 2010 and a record low of 423.00000 in January of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed part time: Paid total at or below prevailing federal minimum wage: Wage and salary workers: 16 years and over - last updated from the United States Federal Reserve on March of 2025.

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

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.

Graph and download economic data for Employed: Percent of hourly paid workers: Paid total at or below prevailing federal minimum wage: Wage and salary workers: 16 years and over (LEU0203127200A) from 1979 to 2024 about paid, minimum wage, salaries, workers, hours, 16 years +, federal, wages, percent, employment, and USA.

In December 2024, inflation amounted to 2.9 percent, while wages grew by 4.2 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.

Minimum Wages in Venezuela remained unchanged at 13000000 VEF/Month in 2025 from 13000000 VEF/Month in 2024. This dataset provides - Venezuela Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 Colorado (STTMINWGCO) from 1968 to 2025 about minimum wage, CO, wages, rate, and USA.

Minimum Wages in Brazil increased to 1518 BRL/Month in January from 1412 BRL/Month in December of 2024. This dataset provides - Brazil Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Employed full time: Paid below prevailing federal minimum wage: Wage and salary workers: 16 years and over: Women (LEU0253129900A) from 2000 to 2024 about paid, minimum wage, females, full-time, salaries, workers, 16 years +, federal, wages, employment, and USA.

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.

United States - Employed: Paid below prevailing federal minimum wage: Wage and salary workers: 16 years and over: Women was 478.00000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, United States - Employed: Paid below prevailing federal minimum wage: Wage and salary workers: 16 years and over: Women reached a record high of 2394.00000 in January of 1981 and a record low of 478.00000 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed: Paid below prevailing federal minimum wage: Wage and salary workers: 16 years and over: Women - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Employed part time: Paid total at or below prevailing federal minimum wage: Wage and salary workers: 16 years and over: Women (LEU0263130100A) from 2000 to 2024 about part-time, paid, minimum wage, females, salaries, workers, 16 years +, federal, wages, employment, and USA.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2024, workers in the Central American country enjoy a basic monthly wage of over 687 U.S. dollars, an increase of 1.83 percent compared to the previous year and over 100 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than three dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.