Figure C
In 2022 the value of Alaska's minimum wage compared with low-wage workers' wages reached its lowest point since at least 1991: State minimum wage and minimum wage as share of 10th percentile wage in Alaska, 1991–2023
| Year | Alaska minimum wage | Minimum wage share of 10th percentile wage |
|---|---|---|
| 1991 | $4.75 | 80.5% |
| 1992 | $4.75 | 80.4% |
| 1993 | $4.75 | 78.1% |
| 1994 | $4.75 | 77.7% |
| 1995 | $4.75 | 78.4% |
| 1996 | $4.75 | 75.2% |
| 1997 | $5.25 | 80.4% |
| 1998 | $5.65 | 87.3% |
| 1999 | $5.65 | 81.2% |
| 2000 | $5.65 | 80.3% |
| 2001 | $5.65 | 75.4% |
| 2002 | $5.65 | 74.6% |
| 2003 | $7.15 | 89.3% |
| 2004 | $7.15 | 90.3% |
| 2005 | $7.15 | 84.8% |
| 2006 | $7.15 | 86.1% |
| 2007 | $7.15 | 83.9% |
| 2008 | $7.15 | 79.3% |
| 2009 | $7.25 | 81.2% |
| 2010 | $7.75 | 85.8% |
| 2011 | $7.75 | 85.7% |
| 2012 | $7.75 | 85.3% |
| 2013 | $7.75 | 85.1% |
| 2014 | $7.75 | 82.1% |
| 2015 | $8.75 | 88.4% |
| 2016 | $9.75 | 97.8% |
| 2017 | $9.80 | 97.7% |
| 2018 | $9.84 | 93.6% |
| 2019 | $9.89 | 95.4% |
| 2020 | $10.19 | 87.5% |
| 2021 | $10.34 | 85.4% |
| 2022 | $10.34 | 73.8% |
| 2023 | $10.85 | 76.8% |
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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