Federal Minimum Wage Graph
The federal minimum wage for covered nonexempt employees is 725 per hour effective july 24 2009.
Federal minimum wage graph. Wage and hour division whd history of federal minimum wage rates under the fair labor standards act 1938 2009. The table of federal minimum wage rates under the. A minimum wage is the lowest remuneration that employers can legally pay their workers. Equivalently it is the price floor below which workers may not sell their labor.
A federal minimum wage was first set in 1938. The graph shows nominal blue diamonds and real red squares minimum wage values. Nominal values range from 025hr. In the united states the federal minimum wage is the lowest wage rate that an employer can pay per hour to workers covered by the minimum wage law the flsa.
Here is a list of the current federal minimum wage and the rates for each state for 2019 as well as future scheduled increases in the minimum wage. Graph and download economic data from 1968 to 2019 about public domain. Citation requested minimum wage wages labor federal rate and usa.
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