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
(in 2018 U.S. dollars)
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CNN. (April 9, 2019). Real and nominal value of the federal minimum wage in the United States from 1938 to 2018 (in 2018 U.S. dollars) [Graph]. In Statista. Retrieved April 09, 2020, from https://www.statista.com/statistics/1065466/real-nominal-value-minimum-wage-us/
CNN. "Real and nominal value of the federal minimum wage in the United States from 1938 to 2018 (in 2018 U.S. dollars)." Chart. April 9, 2019. Statista. Accessed April 09, 2020. https://www.statista.com/statistics/1065466/real-nominal-value-minimum-wage-us/
CNN. (2019). Real and nominal value of the federal minimum wage in the United States from 1938 to 2018 (in 2018 U.S. dollars). Statista. Statista Inc.. Accessed: April 09, 2020. https://www.statista.com/statistics/1065466/real-nominal-value-minimum-wage-us/
CNN. "Real and Nominal Value of The Federal Minimum Wage in The United States from 1938 to 2018 (in 2018 U.S. Dollars)." Statista, Statista Inc., 9 Apr 2019, https://www.statista.com/statistics/1065466/real-nominal-value-minimum-wage-us/
CNN, Real and nominal value of the federal minimum wage in the United States from 1938 to 2018 (in 2018 U.S. dollars) Statista, https://www.statista.com/statistics/1065466/real-nominal-value-minimum-wage-us/ (last visited April 09, 2020)
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