Year 1968 saw the highest minimum wage in real (inflation-adjusted) terms.
In which year was the real minimum wage the highest?
- The purchasing power of the federal minimum wage keeps fluctuated; it was most spaced-out in 1968 when it was $1.60 per hour (equivalent to $12.47 in 2021).
- The real significance of the Federal minimum wage in 2016 dollars has dropped by one-third since 1968.
- The federal minimum wage was final grown in 2009 when it rose to its existing level of $7.25 per hour.
- When revised for inflation, the high-water mark for minimum compensation appeared in 1968, when it was the counterpart of about $12 per hour in today's dollars.
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