Figure C
At $15 in 2024, the federal minimum wage would no longer be a poverty wage: Annual wage income for a full-time minimum-wage worker, compared with various poverty thresholds (2016$), 1964–2016 and 2017–2024 (projected)
| Annual full-time minimum wage income | Projected | Two-person family | Three-person family | Four-person family | |
|---|---|---|---|---|---|
| 1964 | $ 17,596 | $16,020 | $20,160 | $24,300 | |
| 1965 | $ 17,317 | $16,020 | $20,160 | $24,300 | |
| 1966 | $ 16,836 | $16,020 | $20,160 | $24,300 | |
| 1967 | $ 18,292 | $16,020 | $20,160 | $24,300 | |
| 1968 | $ 20,129 | $16,020 | $20,160 | $24,300 | |
| 1969 | $ 19,260 | $16,020 | $20,160 | $24,300 | |
| 1970 | $ 18,374 | $16,020 | $20,160 | $24,300 | |
| 1971 | $ 17,607 | $16,020 | $20,160 | $24,300 | |
| 1972 | $ 17,091 | $16,020 | $20,160 | $24,300 | |
| 1973 | $ 16,077 | $16,020 | $20,160 | $24,300 | |
| 1974 | $ 18,277 | $16,020 | $20,160 | $24,300 | |
| 1975 | $ 17,722 | $16,020 | $20,160 | $24,300 | |
| 1976 | $ 18,365 | $16,020 | $20,160 | $24,300 | |
| 1977 | $ 17,260 | $16,020 | $20,160 | $24,300 | |
| 1978 | $ 18,620 | $16,020 | $20,160 | $24,300 | |
| 1979 | $ 18,602 | $16,020 | $20,160 | $24,300 | |
| 1980 | $ 17,891 | $16,020 | $20,160 | $24,300 | |
| 1981 | $ 17,657 | $16,020 | $20,160 | $24,300 | |
| 1982 | $ 16,651 | $16,020 | $20,160 | $24,300 | |
| 1983 | $ 15,971 | $16,020 | $20,160 | $24,300 | |
| 1984 | $ 15,337 | $16,020 | $20,160 | $24,300 | |
| 1985 | $ 14,829 | $16,020 | $20,160 | $24,300 | |
| 1986 | $ 14,569 | $16,020 | $20,160 | $24,300 | |
| 1987 | $ 14,090 | $16,020 | $20,160 | $24,300 | |
| 1988 | $ 13,592 | $16,020 | $20,160 | $24,300 | |
| 1989 | $ 13,029 | $16,020 | $20,160 | $24,300 | |
| 1990 | $ 14,080 | $16,020 | $20,160 | $24,300 | |
| 1991 | $ 15,200 | $16,020 | $20,160 | $24,300 | |
| 1992 | $ 14,825 | $16,020 | $20,160 | $24,300 | |
| 1993 | $ 14,465 | $16,020 | $20,160 | $24,300 | |
| 1994 | $ 14,169 | $16,020 | $20,160 | $24,300 | |
| 1995 | $ 13,835 | $16,020 | $20,160 | $24,300 | |
| 1996 | $ 15,058 | $16,020 | $20,160 | $24,300 | |
| 1997 | $ 15,981 | $16,020 | $20,160 | $24,300 | |
| 1998 | $ 15,764 | $16,020 | $20,160 | $24,300 | |
| 1999 | $ 15,437 | $16,020 | $20,160 | $24,300 | |
| 2000 | $ 14,930 | $16,020 | $20,160 | $24,300 | |
| 2001 | $ 14,522 | $16,020 | $20,160 | $24,300 | |
| 2002 | $ 14,294 | $16,020 | $20,160 | $24,300 | |
| 2003 | $ 13,977 | $16,020 | $20,160 | $24,300 | |
| 2004 | $ 13,611 | $16,020 | $20,160 | $24,300 | |
| 2005 | $ 13,168 | $16,020 | $20,160 | $24,300 | |
| 2006 | $ 12,754 | $16,020 | $20,160 | $24,300 | |
| 2007 | $ 14,086 | $16,020 | $20,160 | $24,300 | |
| 2008 | $ 15,188 | $16,020 | $20,160 | $24,300 | |
| 2009 | $ 16,871 | $16,020 | $20,160 | $24,300 | |
| 2010 | $ 16,600 | $16,020 | $20,160 | $24,300 | |
| 2011 | $ 16,092 | $16,020 | $20,160 | $24,300 | |
| 2012 | $ 15,765 | $16,020 | $20,160 | $24,300 | |
| 2013 | $ 15,537 | $16,020 | $20,160 | $24,300 | |
| 2014 | $ 15,290 | $16,020 | $20,160 | $24,300 | |
| 2015 | $ 15,271 | $16,020 | $20,160 | $24,300 | |
| 2016 | $ 15,080 | $ 15,080 | $16,020 | $20,160 | $24,300 |
| 2017 | $ 18,800 | $16,020 | $20,160 | $24,300 | |
| 2018 | $ 20,071 | $16,020 | $20,160 | $24,300 | |
| 2019 | $ 21,369 | $16,020 | $20,160 | $24,300 | |
| 2020 | $ 22,773 | $16,020 | $20,160 | $24,300 | |
| 2021 | $ 24,096 | $16,020 | $20,160 | $24,300 | |
| 2022 | $ 24,445 | $16,020 | $20,160 | $24,300 | |
| 2023 | $ 25,209 | $16,020 | $20,160 | $24,300 | |
| 2024 | $ 25,923 | $16,020 | $20,160 | $24,300 |
Notes: Inflation measured using the CPI-U-RS. Inflation projections calculated using CBO (2017).
Source: EPI analysis of Fair Labor Standards Act and amendments, the Raise the Wage Act of 2017, and CBO (2017)
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