U.S. minimum wage: real and nominal value 1938-2018

When adjusted for inflation, the 2018 minimum wage in the United States is around 29.9 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 2018 was 7.25 U.S. dollars.

Real and nominal value of the federal minimum wage in the United States from 1938 to 2018

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Sources

Release date

April 2019

Region

United States

Survey time period

1938 to 2018

Age group

Supplementary notes

* Nominal figures adjusted to 2018 dollars by the source using the CPI for All Urban Consumers.

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Statistics on "Minimum Wage in the United States"

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