• Heritage Action
  • Heritage Libertad
  • More

Minimum wage has followed productivity and prices of minimum wage jobs

Created on January 29, 2014

Minimum wage has followed productivity and prices of minimum wage jobs

DOWNLOAD a high-resolution version of this graphic.

READ the original report, "Minimum Wage Has Followed the Productivity And Prices of Minimum Wage Jobs."

In 1987, the federal minimum wage was $3.35 per hour. After adjusting for inflation and productivity in the fast-food sector, that figure would equate to $7.67 per hour today— just above the current federal minimum wage of $7.25 per hour and the average minimum wage of $7.57 across all the states.

Keywords: minimum wage, federal, productivity

Source: Heritage Foundation calculations based on data from the U.S. Department of Labor, Bureau of Labor Statistics.

heritage.org