1947 United States Minimum Wage in Today's Dollars

In the year 1947, the United States minimum wage was $0.40.

This is equivalent to $4.49 in 2017 dollars.

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Equivalent of $0.40 in 1947:
Year
Amount
Yearly Inflation
1947
$0.40
8.84%
1948
$0.44
2.99%
1949
$0.45
-2.07%
1950
$0.44
5.93%
1951
$0.47
6.00%
1952
$0.49
0.75%
1953
$0.50
0.75%
1954
$0.50
-0.74%
1955
$0.50
0.37%
1956
$0.50
2.99%
1957
$0.51
2.90%
1958
$0.53
1.76%
1959
$0.54
1.73%
1960
$0.55
1.36%
1961
$0.55
0.67%
1962
$0.56
1.33%
1963
$0.57
1.64%
1964
$0.57
0.97%
1965
$0.58
1.92%
1966
$0.59
3.46%
1967
$0.61
3.04%
1968
$0.63
4.72%
1969
$0.66
6.20%
1970
$0.70
5.57%
1971
$0.74
3.27%
1972
$0.76
3.41%
1973
$0.79
8.71%
1974
$0.86
12.34%
1975
$0.97
6.94%
1976
$1.03
4.86%
1977
$1.08
6.70%
1978
$1.16
9.02%
1979
$1.26
13.29%
1980
$1.43
12.52%
1981
$1.61
8.92%
1982
$1.75
3.83%
1983
$1.82
3.79%
1984
$1.88
3.95%
1985
$1.96
3.80%
1986
$2.03
1.10%
1987
$2.06
4.43%
1988
$2.15
4.42%
1989
$2.24
4.65%
1990
$2.35
6.11%
1991
$2.49
3.06%
1992
$2.57
2.90%
1993
$2.64
2.75%
1994
$2.71
2.67%
1995
$2.79
2.54%
1996
$2.86
3.32%
1997
$2.95
1.70%
1998
$3.00
1.61%
1999
$3.05
2.68%
2000
$3.13
3.39%
2001
$3.24
1.55%
2002
$3.29
2.38%
2003
$3.37
1.88%
2004
$3.43
3.26%
2005
$3.54
3.42%
2006
$3.66
2.54%
2007
$3.75
4.08%
2008
$3.91
0.09%
2009
$3.91
2.72%
2010
$4.02
1.50%
2011
$4.08
2.96%
2012
$4.20
1.74%
2013
$4.27
1.50%
2014
$4.34
0.76%
2015
$4.37
0.73%
2016
$4.40
2.07%
2017
$4.49
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