Federal minimum wage:
2009: $7.25
2020: $7.25
The wealth of 400 richest Americans:
2009: $1,270,000,000,000
2020: $3,200,000,000,000
Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers
Luxembourg ($13.78)
Australia ($12.14)
France ($11.66)
New Zealand ($11.20)
Germany ($10.87)
Netherlands ($10.44)
Belgium ($10.38)
United Kingdom ($10.34)
Ireland ($9.62)
Canada ($9.52)
Luxembourg has the highest minimum wage in the world of $13.78 per hour. The minimum wage rises 20% for individuals classed as skilled workers (must be 18 or older) and decreases by 20-25% for individuals classed as adolescent workers (17-18 years old). Salaries, wages, and minimum wage are all adjusted in line with the evolution of Luxembourg's cost; therefore, if the consumer price index falls by a certain percentage, salaries are adjusted by the same percentage.
The US minimum wage through the years
By Annalyn Kurtz, Tal Yellin and Will Houp, CNN Business
Published April 9, 2019
When President Franklin D. Roosevelt signed America’s first federal minimum wage into law in 1938, it was 25 cents per hour. Adjusted for inflation, that would be worth about $4.45 today.
Unadjusted wage
Source: Bureau of Labor Statistics and Department of Labor
Note: Figures adjusted to 2018 dollars using the CPI-U
Throughout history, Congress has raised the minimum wage 22 times. The current level, at $7.25 an hour, was set in 2009.
Cities and states have the option of setting their own minimum wages. As of January 2019, 29 states had a minimum wage rate above the federal level.
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