Proposed Minimum Wage Increase Well Above Historical Rates
Created on December 5, 2013
DOWNLOAD a high-resolution version of this graphic.
READ the original report, "Unprecedented Minimum-Wage Hike Would Hurt Jobs and the Economy."
VIEW all graphics for this report.
Keywords: proposed, minimum wage, historical, rates, inflation, adjusted
Note: The proposed increases are expressed in 2013 dollars, not current dollars, and are thus lower than the proposed nominal statutory rates of $8.20, $9.15, and $10.10 per hour. Source: Heritage Foundation calculations using data on historical minimum wage rates and the Personal Consumption Expenditure (PCE) deflator. Future years are projected assuming a 2.0 percent increase in the PCE deflator.
CHART 1 • IB 4102 • heritage.org
Article ID: minimum-wage-proposal-2013