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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CNN. (October 16, 2019). Real and nominal value of the federal minimum wage in the United States from 1938 to 2019 (in 2018 U.S. dollars) [Graph]. In Statista. Retrieved March 05, 2021, 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 2019 (in 2018 U.S. dollars)." Chart. October 16, 2019. Statista. Accessed March 05, 2021. 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 2019 (in 2018 U.S. dollars). Statista. Statista Inc.. Accessed: March 05, 2021. 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 2019 (in 2018 U.S. Dollars)." Statista, Statista Inc., 16 Oct 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 2019 (in 2018 U.S. dollars) Statista, https://www.statista.com/statistics/1065466/real-nominal-value-minimum-wage-us/ (last visited March 05, 2021)