What was the US minimum wage in 2008?
$6.55 per hour
The 2007 amendments increased the minimum wage to $5.85 per hour effective July 24, 2007; $6.55 per hour effective July 24, 2008; and $7.25 per hour effective July 24, 2009.
Why Raising the minimum wage is bad?
Increasing it would raise the earnings and family income of most low-wage workers, lifting some families out of poverty—but it would cause other low-wage workers to become jobless, and their family income would fall.
How much was a soldier paid in ww2?
7. World War II. In 1944, privates serving in World War II made $50 a month, or $676.51 in 2016 dollars.
What was considered rich in 1950?
Average family income in 1950 was $3,300, or $200 higher than in 1949, according to estimates issued today by Roy V. Peel, Director, Bureau of the Census, Department of Commerce.
What states have increased minimum wage?
Arizona—$12.15/$12.80
How do you calculate minimum wage?
Titled the Living Wage Act of 2022, the measure would require businesses with 26 or more employees to raise their base pay by a dollar each year until it hits $18 an hour by January 1, 2025. Smaller businesses would be given an additional year to reach the $18-an-hour level. Thereafter, California’s minimum wage would be adjusted for inflation.
What state has the lowest minimum wage?
The minimum wage in Maryland is $12.20; in Delaware, $10.50; New York, $13.20; New Jersey, $13; and Ohio, $9.30. Even West Virginia, among the poorest states in the United States, has a higher minimum wage, at $8.75. A Franklin & Marshall College poll says 67 percent of eligible voters throughout the country support raising the minimum wage.
What is the current minimum wage rate?
The federal minimum wage is currently at $7.25, a number that has stayed the same since 2009. But even with no recent changes from the federal government, things appear to be moving in the right direction.