More Inflation Items. Graph and download economic data for State Minimum Wage Rate for Massachusetts (STTMINWGMA) from 1968 to 2021 about MA, minimum wage, wages, rate, and USA. The minimum wage wasn’t officially instituted until 1938 (5 years after that quote), but his feelings about the intent behind what would ultimately become the minimum wage seem pretty clear. Minimum Wage (for Employers with 25 Employees or Less) Percentage of Increase Over Previous Wage (26 Employees or More) Percentage of Increase Over Previous Wage (25 employees or Less) January 1, 2018: $11.00/hour: $10.50/hour: 4.76 percent: 5 percent: January 1, 2017: $10.50/hour: $10.00/hour: 5 percent: No Change: Effective Date New Minimum Wage Old Minimum Wage Amount of Wage … To offset the impact of inflation, Congress has raised the minimum wage 22 times since it was first introduced in 1938. The adjusted $10.74 minimum wage was unprecedented and has not been seen since. Although minimum wage is not nearly as low as it used to be, America still has a long way to go when it comes to compensating its workers.The federal minimum wage is currently at $7.25, a … Wages -- England. The minimum wage is a basic labour standard that sets the lowest wage rate that an employer can pay to employees who are covered by the legislation. General Hourly Adult Minimum Wage: Youth Minimum Wage: 1921: $0.25 (Up until 1931 this rate applied to women only. Graph and download economic data for State Minimum Wage Rate for Ohio (STTMINWGOH) from 1968 to 2021 about minimum wage, OH, wages, rate, and USA. These low-wage workers are far more educated and are older than low-wage workers in 1968. Sample: Adults 25–55, black or white, who worked more than 13 weeks last year and three hours last week, not self-employed, not in group quarters, not unpaid family worker, no missing industry or occupation code. From January 1981 to April 1990, the minimum wage was frozen at $3.35 per hour, then a record-setting minimum wage freeze. Source: Data compiled from Hon. Instead, it’s $7.25. In the year 1950, the United States minimum wage was $0.75. Today, the real value of the minimum wage is indeed below what it was in the 1960’s. Nigeria's Minimum Wage is the lowest amount a worker can be legally paid for his work. Workers who earn a minimum wage today are paid around 27% less than their counterparts almost 50 years ago. The minimum wage since 1906 in $2012. Minimum wage: $0.75/hour Gas: $0.27 or 22m Movie ticket: $0.48 or 38m Rent: $42 or 56hrs (All figures represent the average cost of a movie ticket, a gallon of gas, and the median rent.) America’s minimum wage was raised to $7.25 per hour on July 24, 2009. So while the comparisons to 1968 may be entirely accurate, the 1968 numbers ought not be considered representative of the … Today, one of its main purposes is to protect non-unionized workers in unskilled jobs, although it can also influence, directly or indirectly, the level of compensation of other employees as well. Prior to 1960, state minimum wage rates varied from industry to industry. This is the base level of the federal minimum wage system in Aus $2012. It’s a number, and we can do math with numbers. Which workers receive that minimum—and how much—has remained a political issue. If the minimum wage had been raised since 1968 at the same growth rate as average wages of typical U.S. workers, it would be $11.62 today. For most jobs and for much of the decade, the minimum wage was $1.25 per hour. Regardless, the intent is irrelevant here. Minimum Wages in Mexico averaged 23.34 MXN/Day from 1960 until 2021, reaching an all time high of 141.70 MXN/Day in January of 2021 and a record low of 0.01 MXN/Day in January of 1960. In order to view and/or print PDF documents you must have a PDF viewer (e.g., Adobe Acrobat Reader v5 or later ) available on your workstation. Since 1938, the U.S. federal government has established that workers are entitled to a base hourly wage.