# 1940 United States Minimum Wage in Today's Dollars

Amount
\$
From
To
\$5.97
Adjusted for inflation, \$0.30 in 1940 is equal to \$5.97 in 2022.
Annual inflation over this period was 3.72%.

In the year 1940, the United States minimum wage was \$0.30.

This is equivalent to \$5.97 in 2022 dollars.

Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.

More Inflation Items

Has minimum wage kept up with increases in the cost of living?

Here's how much the 1940 minimum wage of \$0.30 would be worth over time, compared to the actual minimum wage from that year.

2022 \$5.97 \$7.25
2021 \$5.58 \$7.25
2020 \$5.51 \$7.25
2019 \$5.38 \$7.25
2018 \$5.28 \$7.25
2017 \$5.17 \$7.25
2016 \$5.07 \$7.25
2015 \$5.03 \$7.25
2014 \$4.99 \$7.25
2013 \$4.92 \$7.25
2012 \$4.84 \$7.25
2011 \$4.70 \$7.25
2010 \$4.63 \$7.25
2009 \$4.50 \$7.25
2008 \$4.50 \$6.55
2007 \$4.32 \$5.85
2006 \$4.22 \$5.15
2005 \$4.08 \$5.15
2004 \$3.95 \$5.15
2003 \$3.88 \$5.15
2002 \$3.79 \$5.15
2001 \$3.73 \$5.15
2000 \$3.61 \$5.15
1999 \$3.51 \$5.15
1998 \$3.46 \$5.15
1997 \$3.40 \$5.15
1996 \$3.29 \$4.75
1995 \$3.21 \$4.25
1994 \$3.12 \$4.25
1993 \$3.04 \$4.25
1992 \$2.96 \$4.25
1991 \$2.87 \$4.25
1990 \$2.70 \$3.80
1989 \$2.58 \$3.35
1988 \$2.47 \$3.35
1987 \$2.37 \$3.35
1986 \$2.34 \$3.35
1985 \$2.26 \$3.35
1984 \$2.17 \$3.35
1983 \$2.09 \$3.35
1982 \$2.01 \$3.35
1981 \$1.85 \$3.35
1980 \$1.64 \$3.10
1979 \$1.45 \$2.90
1978 \$1.33 \$2.65
1977 \$1.25 \$2.30
1976 \$1.19 \$2.30
1975 \$1.11 \$2.10
1974 \$0.99 \$2.00
1973 \$0.91 \$1.60
1972 \$0.88 \$1.60
1971 \$0.85 \$1.60
1970 \$0.81 \$1.60
1969 \$0.76 \$1.60
1968 \$0.73 \$1.60
1967 \$0.71 \$1.40
1966 \$0.68 \$1.25
1965 \$0.67 \$1.25
1964 \$0.66 \$1.25
1963 \$0.65 \$1.25
1962 \$0.64 \$1.15
1961 \$0.64 \$1.15
1960 \$0.63 \$1.00
1959 \$0.62 \$1.00
1958 \$0.61 \$1.00
1957 \$0.59 \$1.00
1956 \$0.57 \$1.00
1955 \$0.57 \$0.75
1954 \$0.58 \$0.75
1953 \$0.57 \$0.75
1952 \$0.57 \$0.75
1951 \$0.54 \$0.75
1950 \$0.51 \$0.75
1949 \$0.52 \$0.40
1948 \$0.50 \$0.40
1947 \$0.46 \$0.40
1946 \$0.39 \$0.40
1945 \$0.38 \$0.40
1944 \$0.37 \$0.30
1943 \$0.36 \$0.30
1942 \$0.33 \$0.30
1941 \$0.30 \$0.30
1940 \$0.30 \$0.30