(Source: thebalance, US Department of Labor)
You might be wondering:
“What’s the minimum wage in the US?”
The first minimum wage in the United States was $0.25/hour in 1938, which should be about $4.36/hour in 2018, adjusted for inflation. By 1956, it was $1/hour. Today, it’s $7.25/hour.
Most states also have regulations on minimum wage. The employer is entitled to the lower of the two minimum wages in situations where an employee is subject to both state and federal minimum wage laws. The terms of the federal minimum wage were set out in the Fair Labor Standards Act (FLSA).
The FLSA does not provide wage compensation or collection measures above those provided by the FLSA for the regular or agreed wages or commissions of an employee.
Which brings us to:
How many people make minimum wage?