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What would minimum wage be adjusted for inflation 2019?

Averaging across all of these federal, state and local minimum wage laws, the effective minimum wage in the United States the average minimum wage binding each hour of minimum wage work will be $11.80 an hour in 2019. Adjusted for inflation, this is probably the highest minimum wage in American history.

What would minimum wage be adjusted for inflation 2018?

In 2018, the federal minimum wage of $7.25 was worth 14.8 percent less than when it was last raised in 2009, after adjusting for inflation, and 28.6 percent below its peak value in 1968, when the minimum wage was the equivalent of $10.15 in 2018 dollars.

What would minimum wage be if adjusted for inflation?

The US minimum wage through the years Adjusted for inflation, that would be worth about $4.45 today.

What is inflation adjusted wage?

Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought. This term is used in contrast to nominal wages or unadjusted wages. In such a situation, real wage increases no matter how inflation is calculated.

When was the last time minimum wage was adjusted for inflation?

Measured in real terms (adjusted for inflation) using 1984 dollars, the real minimum wage was $3.35 in 1984, $2.33 in 1994, $1.84 in 2004, and $1.46 in 2014.

What would minimum wage be if kept up with inflation?

In such a world, a full-time minimum wageworker would be earning $48,000 a year in the United States. If the minimum wage had kept pace with inflation since 1968, it would be close to $12 an hour today, more than 65 percent higher than the national minimum wage of $7.25 an hour.

How much would minimum wage be if it kept up with inflation?

In such a world, a full-time minimum wageworker would be earning $48,000 a year in the United States. If the minimum wage had kept pace with inflation since 1968, it would be close to $12 an hour today, more than 65 percent higher than the national minimum wage of $7.25 an hour.

What would minimum wage be if it kept up with productivity?

In more recent decades, Congress has badly slacked off about raising it, and today's minimum wage is actually lower than 1968's once you adjust for inflation. In fact, if Congress had kept step with productivity growth, the minimum wage would've been $18.42 in 2014.

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