stockstudioX / iStock.com
Although the minimum wage is not nearly as low as it used to be, America still has a long way to go to fairly paying workers. The federal minimum wage is currently at $7.25, money that’s stayed the same since 2009.
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Even with no recent changes from the federal government, things appear to be moving in the right direction. In July 2019, the U.S. House passed a bill that would raise the minimum wage to $15 per hour by 2025, which could increase the incomes of 17 milli on to 27 million minimum wage workers, according to Bloomberg.
In the meantime, many states and localities are taking it upon themselves to increase their minimum wages. However, due to inflation and the rising cost of living, it might not be enough to sustain workers.
Take a look at how minimum wage has dramatically morphed throughout the years.
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1938
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U.S. minimum wage: $7.25
In 2020 dollars: $7.25
Chase Brock / GOBankingRates.com
2021
AndreyPopov / Getty Images/iStockphoto
2022
Gabrielle Olya and Amen Oyiboke-Osifo contributed to the reporting for this article.
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This article originally appeared on GOBankingRates.com : Here’s What the US Minimum Wage Was the Year You Were Born
