| The best time to have been on the minimum wage was the mid-'60s, when the minimum wage had the greatest buying power - $10.11 in 2008 inflation adjusted dollars. Since the mid-60s, the inflation adjusted value of the minimum wage has been dropping steadily, with an uptick in 2008 from its adjusted increase to $6.55. Another increase to $7.25 is scheduled for 2009, but that still keeps its buying power far below historical amounts. Minimum Wage | |
| 1938 | $0.25 |
| 2008 | $6.55 |
| 2009 | $7.25 |
| Highest value of the minimum wage in 2008 inflation adjusted dollars was in 1968 | $10.11 |
| Number of US workers paid hourly | 75.9 million |
| Percentage of workforce paid hourly | 58.50% |
| Percent making minimum wage | 2.30% |
| Number of workers making minimum wage | 1,748,000 |
Minimum Wage Adjusted for Inflation 1938 - 2008
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