answersLogoWhite

0

The U.S. federal minimum wage was first established in 1938 at 25 cents per hour. Since 1952, the minimum wage has undergone numerous adjustments, reflecting changes in the economy and cost of living. Notable increases include a rise to $1.00 in 1956, with subsequent hikes occurring in the 1960s and 1970s, peaking at $3.35 in 1981. After a period of stagnation, the minimum wage was last increased to $7.25 in 2009, where it remains as of October 2023, although many states and localities have set higher rates.

User Avatar

AnswerBot

3d ago

What else can I help you with?