Minimum Wage Graph
The purchasing power of the minimum wage peaked in the late 1960s at.
Minimum wage graph. 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. The national minimum wage act 1998 creates a minimum wage across the united kingdom which from 1 april 2018 was 783 per hour for workers aged over 25 738 per. Minimum wage laws in the states.
Use the legend on the left to highlight different mw categories and click on any state to learn about applicable minimum wage laws. While the idea of raising the minimum wage is broadly popular efforts to do so at the national level have stalled. We gathered key facts looking at the issue. The data below can be saved or copied directly into excel.
Raising the federal minimum wage to 12 by 2020 would lift pay for tens of millions of american workers. I wonder what would happen if the minimum wage was lowered. The conventional wisdom is that its better to look for a new job while you are still working. The rising wage floor has increased the pay of tens of thousands of albertans by a small but significant degree.
A dollar or two an hour may not sound like a lot to. In his state of the union address to congress president obama called for a higher minimum wage.
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