Minimum wage, federal · per hour · 1948 Verified

$0.40in June 1948 — about $5.54 in today's money.

Figure in 1948$0.40
Same money today$5.54
Latest figure (2026) · June 2026$7.25
Change since 1948+1713%

History

1938–2026 · price per hour · 1948 marked

Record & method

This is an observed price. The U.S. Bureau of Labor Statistics recorded it in June 1948; we have not adjusted the figure.

Source: U.S. Bureau of Labor Statistics via FRED. Public domain.
Series: FEDMINNFRWG
Observed: June 1948
Coverage: October 1938 – June 2026
Adjusted by: CPIAUCNS · 24.1 → 333.952 (June 2026)
License: Public domain

See the full history for minimum wage, federal →

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