Figure B
During the recovery Alaska's minimum wage value has not kept up with median wage growth: State minimum wage and minimum wage as share of median wage in Alaska, 1991–2023
| Year | Alaska minimum wage | Minimum wage share of median wage |
|---|---|---|
| 1991 | $4.75 | 38.3% |
| 1992 | $4.75 | 37.8% |
| 1993 | $4.75 | 37.3% |
| 1994 | $4.75 | 38.2% |
| 1995 | $4.75 | 37.3% |
| 1996 | $4.75 | 36.3% |
| 1997 | $5.25 | 38.7% |
| 1998 | $5.65 | 41.8% |
| 1999 | $5.65 | 42.9% |
| 2000 | $5.65 | 40.0% |
| 2001 | $5.65 | 37.8% |
| 2002 | $5.65 | 37.0% |
| 2003 | $7.15 | 46.2% |
| 2004 | $7.15 | 47.3% |
| 2005 | $7.15 | 44.4% |
| 2006 | $7.15 | 43.3% |
| 2007 | $7.15 | 41.9% |
| 2008 | $7.15 | 40.6% |
| 2009 | $7.25 | 40.4% |
| 2010 | $7.75 | 44.5% |
| 2011 | $7.75 | 43.2% |
| 2012 | $7.75 | 41.4% |
| 2013 | $7.75 | 42.1% |
| 2014 | $7.75 | 40.7% |
| 2015 | $8.75 | 45.9% |
| 2016 | $9.75 | 48.8% |
| 2017 | $9.80 | 47.3% |
| 2018 | $9.84 | 49.0% |
| 2019 | $9.89 | 48.0% |
| 2020 | $10.19 | 46.1% |
| 2021 | $10.34 | 43.2% |
| 2022 | $10.34 | 43.6% |
| 2023 | $10.85 | 43.4% |
Source: EPI analysis of Current Population Survey Outgoing Rotation Group microdata. Alaska minimum wage data from Alaska Department of Labor website (AK DOLWD 2024).
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