What year was minimum wage the highest? The answer is not now.
In 1938 the United States set the federal minimum wage at 25 cent an hour. Since then, the minimum wage has been making small discrete jumps to today’s rate of $7.25 an hour. But after adjusting for inflation, the minimum wage has been decreasing ever since the peak value (in today’s dollars) on February 1968 at $11.09 per hour. The lowest …