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Proposed Minimum Wage Increase Well Above Historical Rates

Created on December 5, 2013

Proposed Minimum Wage Increase Well Above Historical Rates

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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