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U.S. minimum wage: real and nominal value 1938-2019

Published by Statista Research Department, Jan 20, 2021
When adjusted for inflation, the 2019 minimum wage in the United States is around 31 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 2018 dollars this increases to 10.35 U.S. dollars. The minimum wage in 2019 was 7.25 U.S. dollars, which decreases to 7.13 U.S. dollars when expressed in nominal 2018 dollars.

Real and nominal value of the federal minimum wage in the United States from 1938 to 2019 (in 2018 U.S. dollars)

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Release date

October 2019

Region

United States

Survey time period

1938 to 2019

Age group

Supplementary notes

Nominal figures adjusted to 2018 dollars by the source using the Consumer Price Index for All Urban Consumers.
2019 value calcualted by statisting using the based on the Consumer Price Index for All Urban Consumers change from 2018 to 2019, available here.

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