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

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.

This statistic presents the nominal and real value of the statutory minimum wage in the United States from 1938 to 2013, in 2013 U.S. dollars. In 1938, the minimum wage was 0.25 U.S. dollars per hour, the equivalent of 4.06 U.S. dollars in 2013 terms. The real value of the minimum wage peaked in 1968 when minimum wage workers earned 1.60 U.S. dollars per hour, the equivalent of 10.69 U.S. dollars in 2013 terms.

Minimum Wages in Brazil remained unchanged at 1518 BRL/Month in July. This dataset provides - Brazil Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The voluntarily paid living wage in the United Kingdom for 2024/25 is 12.6 pounds per hour, with this rising to 13.85 pounds per hour for workers in London. For the same year the legal minimum wage for those over the age of 21 was 11.44 pounds per hour.

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.

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.

Wages in the United States increased 4.78 percent in June 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.

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 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.

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.

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.

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.

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.

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.

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 to 31.34 USD/Hour in July from 31.26 USD/Hour in June of 2025. This dataset provides - United States Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Mexico remained unchanged at 278.93 MXN/Day in June. This dataset provides - Mexico Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.