The purchasing power of the federal minimum wage in the United States has reached its when adjusted for inflation. Since its last increase in July 2009 to $7.25 , its real value has dwindled to roughly $4.81 in current terms. Historical Context & Peak Power
: The federal minimum wage reached its historical peak in purchasing power in 1968. buying power of minimum wage
: To match the 1968 standard today, the minimum wage would need to be between $12 and $14.81 per hour . The purchasing power of the federal minimum wage
: If the minimum wage had kept pace with worker productivity growth, it would be closer to $17 per hour . Economic & Social Impact Review buying power of minimum wage