If you are wondering what you would earn working minimum wage we have this neat little calculator for you. Just fill in the blanks and the calculated result reveals what your gross earnings. This does not account for taxes, and Social Security. Thinking of moving and want to move to a new state? Check out the results in multiple states and see the results. You may be surprised.
Even working a minimum wage job your also earning credits for Social Security for disability or retirement. A person needs a minimum of 10 years of work to qualify for a social security benefit. You can check your Social Security benefits online.
History of the United States Minimum Wage
President Franklin D. Roosevelt signed America’s first federal minimum wage into law in 1938. The rate was $0.25 cents per hour. In 1950 the minimum wage had risen to $0.75 per hour. By 1968 it was $1.60 per hour. The rate was frozen at $3.35 per hour from January 1981 to April 1990. In 1997 was $5.15 per hour. In 2009 the minimum wage was raised to $7.25 where it remains to this day.
Contrast this to the other term the Living Wage. Or the wage one needs to accommodate rent, food, utilities just to live. The nation wide consensus is that one would have to earn $16.40 per hour to have a living wage. This wage varies by local and there is a great deal if interest in its establishment.