Figure A
Nominal and real federal minimum wage, 1960–2013
| Nominal | Real (2013 dollars) | |
|---|---|---|
| 1960 | $1.00 | $6.9215 |
| 1961 | $1.15 | $7.8805 |
| 1962 | $1.15 | $7.8028 |
| 1963 | $1.25 | $8.3658 |
| 1964 | $1.25 | $8.2534 |
| 1965 | $1.25 | $8.1285 |
| 1966 | $1.25 | $7.9044 |
| 1967 | $1.40 | $8.5847 |
| 1968 | $1.60 | $9.4408 |
| 1969 | $1.60 | $9.0378 |
| 1970 | $1.60 | $8.6135 |
| 1971 | $1.60 | $8.2519 |
| 1972 | $1.60 | $8.0116 |
| 1973 | $1.60 | $7.5397 |
| 1974 | $2.00 | $8.5679 |
| 1975 | $2.10 | $8.3130 |
| 1976 | $2.30 | $8.6094 |
| 1977 | $2.30 | $8.0983 |
| 1978 | $2.65 | $8.7318 |
| 1979 | $2.90 | $8.7203 |
| 1980 | $3.10 | $8.3902 |
| 1981 | $3.35 | $8.2787 |
| 1982 | $3.35 | $7.8076 |
| 1983 | $3.35 | $7.4880 |
| 1984 | $3.35 | $7.1935 |
| 1985 | $3.35 | $6.9547 |
| 1986 | $3.35 | $6.8311 |
| 1987 | $3.35 | $6.6078 |
| 1988 | $3.35 | $6.3739 |
| 1989 | $3.35 | $6.1103 |
| 1990 | $3.80 | $6.6020 |
| 1991 | $4.25 | $7.1282 |
| 1992 | $4.25 | $6.9520 |
| 1993 | $4.25 | $6.7842 |
| 1994 | $4.25 | $6.6424 |
| 1995 | $4.25 | $6.4862 |
| 1996 | $4.75 | $7.0614 |
| 1997 | $5.15 | $7.4941 |
| 1998 | $5.15 | $7.3909 |
| 1999 | $5.15 | $7.2399 |
| 2000 | $5.15 | $7.0051 |
| 2001 | $5.15 | $6.8138 |
| 2002 | $5.15 | $6.7055 |
| 2003 | $5.15 | $6.5591 |
| 2004 | $5.15 | $6.3864 |
| 2005 | $5.15 | $6.1793 |
| 2006 | $5.15 | $5.9831 |
| 2007 | $5.85 | $6.6089 |
| 2008 | $6.55 | $7.1259 |
| 2009 | $7.25 | $7.9175 |
| 2010 | $7.25 | $7.7889 |
| 2011 | $7.25 | $7.5498 |
| 2012 | $7.25 | $7.3971 |
| 2013 | $7.25 | $7.2500 |
Note: Real values are as of December 31 of each year, in 2013 dollars adjusted using the CPI-U-RS.
Source: Authors’ analysis of Fair Labor Standards Act and amendments
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