Business and Finance > Economy > Labor and EmploymentFederal Minimum Wage Rates, 1955–2009  Value of the minimum wage Value of the minimum wageYear Currentdollars Constant(1996)dollars1 Year Currentdollars Constant(1996)dollars11955 $0.75 $4.39 1983 3.35 5.281956 1.00 5.77 1984 3.35 5.061957 1.00 5.58 1985 3.35 4.881958 1.00 5.43 1986 3.35 4.801959 1.00 5.39 1987 3.35 4.631960 1.00 5.30 1988 3.35 4.441961 1.15 6.03 1989 3.35 4.241962 1.15 5.97 1990 3.80 4.561963 1.25 6.41 1991 4.25 4.901964 1.25 6.33 1992 4.25 4.751965 1.25 6.23 1993 4.25 4.611966 1.25 6.05 1994 $4.25 $4.501967 1.40 6.58 1995 4.25 4.381968 $1.60 $7.21 1996 4.75 4.751969 1.60 6.84 1997 5.15 5.031970 1.60 6.47 1998 5.15 4.961971 1.60 6.20 1999 5.15 4.851972 1.60 6.01 2000 5.15 4.691973 1.60 5.65 2001 5.15 4.561974 2.00 6.37 2002 5.15 4.491975 2.10 6.12 2003 5.15 4.391976 2.30 6.34 2004 5.15 4.281977 2.30 5.95 2005 5.15 4.141978 2.65 6.38 2006 5.15 4.041979 2.90 6.27 2007 5.85 4.411980 3.10 5.90 2008 6.55 1981 $3.35 $5.78 2009 7.25 1982 $3.35 $5.78 1. Adjusted for inflation using the CPI-U (Consumer Price Index for All Urban Consumers).

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