Minimum wage, federal · per hour · 1988 Verified
$3.35in June 1988 — about $9.48 in today's money.
- Figure in 1988$3.35
- Same money today$9.48
- Latest figure (2026) · June 2026$7.25
- Change since 1988+116%
History
Record & method
This is an observed price. The U.S. Bureau of Labor Statistics recorded it in June 1988; we have not adjusted the figure.
- Source
- U.S. Bureau of Labor Statistics via FRED. Public domain.
- Series
- FEDMINNFRWG
- Observed
- June 1988
- Coverage
- October 1938 – June 2026
- Adjusted by
- CPIAUCNS · 118 → 333.952 (June 2026)
- License
- Public domain