U.S. hourly minimum wage calculated in 1994$ from 1938 as compared with the average hourly manufacturing wage. Note minimum wages peaked in 1968. It appears that since that time declining minimum wages may be responsible for dragging the manufacturing wage down too.
[graph]
Source: Statistical Abstract of the United States and Survey of Current Business
The real annual minimum wage income as a ratio of the poverty level for a family of four shows general decline and loss of purchasing power since 1968.
[graph]
Source: Statistical Abstract of the United States and Survey of Current Business. Future projections based on Oregon Economic and Revenue Forecast
For details: Smith 1988

Wealth &
Poverty
Page
Top Links Court's World OSU

contact info

Updated:Monday, 03-Jan-2005 13:39:01 PST
URL is http://oregonstate.edu/instruct/anth484/minmanwg.html