Value of the Minimum
Wage,
1960-2002
| Minimum
Wage |
| |
Current
Dollars |
1997
Dollars |
| 1960 |
$1.00 |
$4.99 |
| 1961 |
$1.15 |
$5.80 |
| 1962 |
$1.15 |
$5.74 |
| 1963 |
$1.25 |
$6.16 |
| 1964 |
$1.25 |
$6.08 |
| 1965 |
$1.25 |
$5.98 |
| 1966 |
$1.25 |
$5.82 |
| 1967 |
$1.40 |
$6.19 |
| 1968 |
$1.60 |
$6.81 |
| 1969 |
$1.60 |
$6.52 |
| 1970 |
$1.60 |
$6.22 |
| 1971 |
$1.60 |
$5.96 |
| 1972 |
$1.60 |
$5.78 |
| 1973 |
$1.60 |
$5.44 |
| 1974 |
$2.00 |
$6.18 |
| 1975 |
$2.10 |
$6.00 |
| 1976 |
$2.30 |
$6.21 |
| 1977 |
$2.30 |
$5.84 |
| 1978 |
$2.65 |
$6.30 |
| 1979 |
$2.90 |
$6.29 |
| 1980 |
$3.10 |
$6.05 |
| 1981 |
$3.35 |
$5.97 |
| 1982 |
$3.35 |
$5.62 |
| 1983 |
$3.35 |
$5.40 |
| 1984 |
$3.35 |
$5.17 |
| 1985 |
$3.35 |
$5.00 |
| 1986 |
$3.35 |
$4.91 |
| 1987 |
$3.35 |
$4.73 |
| 1988 |
$3.35 |
$4.55 |
| 1989 |
$3.35 |
$4.34 |
| 1990 |
$3.80 |
$4.67 |
| 1991 |
$4.25 |
$5.01 |
| 1992 |
$4.25 |
$4.85 |
| 1993 |
$4.25 |
$4.72 |
| 1994 |
$4.25 |
$4.60 |
| 1995 |
$4.25 |
$4.48 |
| 1996 |
$4.75 |
$4.86 |
| 1997 |
$5.15 |
$5.15 |
| 1998 |
$5.15 |
$5.07 |
| 1999 |
$5.15 |
$4.99 |
| 2000 |
$5.15 |
$4.85 |
| 2001 |
$5.15 |
$4.68 |
| 2002 |
$5.15 |
$4.63 |