After the longest period in history without an increase, the federal minimum wage today is worth 21% less than 12 years ago—and 34% less than in 1968. : Real value of the minimum wage (adjusted for inflation)

After the longest period in history without an increase, the federal minimum wage today is worth 21% less than 12 years ago—and 34% less than in 1968. : Real value of the minimum wage (adjusted for inflation)

Notes: All values are in June 2021 dollars, adjusted using the CPI-U-RS

Source: Reproduced from Ben Zipperer, “The Minimum Wage Has Lost 21% Of Its Value Since Congress Last Raised the Wage,” Working Economics Blog, Economic Policy Institute, July 22, 2021. Data sources are Fair Labor Standards Act and amendments.

View the underlying data on epi.org.