What was the minimum wage back in 1971?

What was the minimum wage back in 1971?

The minimum wage went to $1.00 an hour effective February 1967 for newly covered nonfarm workers, $1.15 in February 1968, $1.30 in February 1969, $1.45 in February 1970, and $1.60 in February 1971.

What was the first minimum wage UK?

£3.60 an hour
The 1998 National Minimum Wage Act provided for the establishment of a Low Pay Commission that now sets Britain’s first ever National Minimum Wage (NMW). The first rate, set in April 1999, was £3.60 an hour for adults aged over 22, covering as many as 1.2 million adults, who had an average pay rise of 10%.

What has the minimum wage been in the past?

In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($4.81 in 2021 dollars). Its purchasing power peaked in 1968, at $1.60 ($12.47 in 2021 dollars). Since 2009, it has been $7.25 per hour.

What was minimum wage in 1972?

1.60
The value of the dollar

What was minimum wage 2012 UK?

What was the minimum wage in 1970 UK?

Wages increased significantly for most jobs in the 1970s. Price also rose, but people were still better off in 1979 than they were in 1970. The average weekly wage in 1970 was £18.37, in 1979 it was £68.92. The 1979 wage in 1970 money was £23.79.

What was the salary in 1972?

Reflecting the resurgence of the economy, median family money income of the 54.4 million families in the United States climbed to $11,120 in 1972, an increase of 8.1 percent over the 1971 median family income of $10,290.

What was the average wage in 1972?

Indexing yearly income

What was UK minimum wage 2013?

£6.31 an hour
We recommend that the adult rate of the National Minimum Wage be increased by 1.9 per cent, or 12 pence, to £6.31 an hour, from 1 October 2013.