Figure A
The federal minimum wage is currently a poverty wage: Annual wage income for a full-time federal minimum wage worker compared with various poverty thresholds (2017$), 1964-2017
year | Full-time federal minimum wage income | Two-person family threshold | Three-person family threshold | Four-person family threshold |
---|---|---|---|---|
1964 | $18012.00 | 15903.82 | 19515.86 | 25091.24 |
1965 | 17726.10 | 15903.82 | 19515.86 | 25091.24 |
1966 | 17233.71 | 15903.82 | 19515.86 | 25091.24 |
1967 | 18723.85 | 15903.82 | 19515.86 | 25091.24 |
1968 | 20604.04 | 15903.82 | 19515.86 | 25091.24 |
1969 | 19715.04 | 15903.82 | 19515.86 | 25091.24 |
1970 | 18808.05 | 15903.82 | 19515.86 | 25091.24 |
1971 | 18022.56 | 15903.82 | 19515.86 | 25091.24 |
1972 | 17494.88 | 15903.82 | 19515.86 | 25091.24 |
1973 | 16457.04 | 15903.82 | 19515.86 | 25091.24 |
1974 | 18708.39 | 15903.82 | 19515.86 | 25091.24 |
1975 | 18140.81 | 15903.82 | 19515.86 | 25091.24 |
1976 | 18798.15 | 15903.82 | 19515.86 | 25091.24 |
1977 | 17667.89 | 15903.82 | 19515.86 | 25091.24 |
1978 | 19059.70 | 15903.82 | 19515.86 | 25091.24 |
1979 | 19051.20 | 15903.82 | 19515.86 | 25091.24 |
1980 | 18314.15 | 15903.82 | 19515.86 | 25091.24 |
1981 | 18083.74 | 15903.82 | 19515.86 | 25091.24 |
1982 | 17053.89 | 15903.82 | 19515.86 | 25091.24 |
1983 | 16355.32 | 15903.82 | 19515.86 | 25091.24 |
1984 | 15701.92 | 15903.82 | 19515.86 | 25091.24 |
1985 | 15180.74 | 15903.82 | 19515.86 | 25091.24 |
1986 | 14919.62 | 15903.82 | 19515.86 | 25091.24 |
1987 | 14423.44 | 15903.82 | 19515.86 | 25091.24 |
1988 | 13920.58 | 15903.82 | 19515.86 | 25091.24 |
1989 | 13337.48 | 15903.82 | 19515.86 | 25091.24 |
1990 | 14418.11 | 15903.82 | 19515.86 | 25091.24 |
1991 | 15559.43 | 15903.82 | 19515.86 | 25091.24 |
1992 | 15181.92 | 15903.82 | 19515.86 | 25091.24 |
1993 | 14808.54 | 15903.82 | 19515.86 | 25091.24 |
1994 | 14505.64 | 15903.82 | 19515.86 | 25091.24 |
1995 | 14164.40 | 15903.82 | 19515.86 | 25091.24 |
1996 | 15420.15 | 15903.82 | 19515.86 | 25091.24 |
1997 | 16364.93 | 15903.82 | 19515.86 | 25091.24 |
1998 | 16146.27 | 15903.82 | 19515.86 | 25091.24 |
1999 | 15809.62 | 15903.82 | 19515.86 | 25091.24 |
2000 | 15290.76 | 15903.82 | 19515.86 | 25091.24 |
2001 | 14867.48 | 15903.82 | 19515.86 | 25091.24 |
2002 | 14636.76 | 15903.82 | 19515.86 | 25091.24 |
2003 | 14311.74 | 15903.82 | 19515.86 | 25091.24 |
2004 | 13935.25 | 15903.82 | 19515.86 | 25091.24 |
2005 | 13478.68 | 15903.82 | 19515.86 | 25091.24 |
2006 | 13055.48 | 15903.82 | 19515.86 | 25091.24 |
2007 | 14421.04 | 15903.82 | 19515.86 | 25091.24 |
2008 | 15549.37 | 15903.82 | 19515.86 | 25091.24 |
2009 | 17271.19 | 15903.82 | 19515.86 | 25091.24 |
2010 | 16990.89 | 15903.82 | 19515.86 | 25091.24 |
2011 | 16471.65 | 15903.82 | 19515.86 | 25091.24 |
2012 | 16130.02 | 15903.82 | 19515.86 | 25091.24 |
2013 | 15894.54 | 15903.82 | 19515.86 | 25091.24 |
2014 | 15629.86 | 15903.82 | 19515.86 | 25091.24 |
2015 | 15602.98 | 15903.82 | 19515.86 | 25091.24 |
2016 | 15404.30 | 15903.82 | 19515.86 | 25091.24 |
2017 | 15080.00 | 15903.82 | 19515.86 | 25091.24 |
Source: Author’s calculations from historical federal minimum wage values, and average 2016 poverty thresholds inflation-adjusted to 2017 dollars from U.S. Census Bureau, “Income and Poverty in the United States: 2016”, September 2017.
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