Family Income, 1936 and 1962; Median Family Income; Federal Minimum Wage, 1938-97
| By Fifths |
1936 |
1962 |
| Top 20 % |
51.7% |
45.5% |
| Next 20% |
20.9% |
22.7% |
| Middle 20% |
14.1% |
16.3% |
| Lower 20% |
9.2% |
10.9% |
| Bottom 20% |
4.1% |
4.6% |
Median Family Income (1984 dollars)
| Year |
$ |
| 1959 |
5,660 |
| 1969 |
9,586 |
| 1979 |
19,917 |
Federal Minimum Wage Rates, 1938-1997*
1938 $0.25 1975
$2.10
1939 $0.30 1976
$2.30
1945 $0.40 1978
$2.65
1950 $0.75 1979
$2.90
1956 $1.00 1980
$3.10
1961 $1.15 1981
$3.10
1963 $1.25 1990
$3.80
1967 $1.40 1991
$4.25
1968 $1.60 1996
$4.75
1974 $2.00 1997
$5.15
*The 1938 covered employees involved interstate commerce or producing goods for
interstate commerce. In 1961, coverage was extended to employees large retail and service
businesses as well as to transit, construction, and gas station employees. In 1966,
coverage was again extended, this time to state and local government employees, farms,
restaurants and hotels, etc. In 1997, a sub minimum wage of $4.25 a hour was created for
employees under 20 years of age for the first 90 days of employment with an employer, thus
creating discrimination based on age. See the U.S. Department of Labor website on Minimum Wage.
8702
