Minimum wage, federal · per hour · 1949 Verified
$0.40in June 1949 — about $5.59 in today's money.
- Figure in 1949$0.40
- Same money today$5.59
- Latest figure (2026) · June 2026$7.25
- Change since 1949+1713%
History
Record & method
This is an observed price. The U.S. Bureau of Labor Statistics recorded it in June 1949; we have not adjusted the figure.
- Source
- U.S. Bureau of Labor Statistics via FRED. Public domain.
- Series
- FEDMINNFRWG
- Observed
- June 1949
- Coverage
- October 1938 – June 2026
- Adjusted by
- CPIAUCNS · 23.9 → 333.952 (June 2026)
- License
- Public domain