How Many Years From 1975 To 2021
. The value of the dollar. The last increase to the minimum wage was in 2009 when it was set at the current rate.In 2021 that minimum wage is 725 per hour. The value of the dollar. This means that todays prices are 518 times higher than average prices since 1975 according to the Bureau of.
This means that todays prices are 518 times higher than average prices since 1975 according to the Bureau of.
The dollar had an average inflation rate of 356 per year between 1975 and today producing a cumulative price increase of 41822. Accounting for inflation this value was decreased quite a bit. This guaranteed a basic level of income for all workers in the country which helped keep families afloat during the Depression. The last increase to the minimum wage was in 2009 when it was set at the current rate.