Year Minimum Wage in 2012 Dollars Real GDP Per Capita
1929 9,249.6
1930 8,362.7
1931 7,760.1
1932 6,702.9
1933 6,577.1
1934 7,247.0
1935 7,836.3
1936 8,803.6
1937 9,199.6
1938 $3.98 8,815.0
1939 $4.85 9,450.2
1940 $4.81 10,182.2
1941 $4.59 11,806.6
1942 $4.14 13,833.5
1943 $3.90 15,877.0
1944 $3.83 16,954.1
1945 $5.00 16,580.6
1946 $4.62 14,613.9
1947 $4.02 14,207.4
1948 $3.74 14,579.3
1949 $3.77 14,255.2
1950 $7.01 15,187.3
1951 $6.50 16,087.2
1952 $6.35 16,419.8
1953 $6.31 16,893.4
1954 $6.28 16,494.2
1955 $6.31 17,372.3
1956 $8.29 17,404.1
1957 $7.99 17,435.8
1958 $7.77 16,992.5
1959 $7.72 17,909.3
1960 $7.59 18,064.4
1961 $8.64 18,181.4
1962 $8.56 18,988.9
1963 $9.18 19,535.9
1964 $9.06 20,381.2
1965 $8.67 21,420.2
1966 $8.92 22,554.3
1967 $9.43 22,873.9
1968 $10.34 23,743.0
1969 $9.81 24,242.6
1970 $9.28 24,007.4
1971 $8.89 24,501.5
1972 $8.60 25,528.6
1973 $8.10 26,750.8
1974 $9.12 26,361.3
1975 $8.78 26,047.6
1976 $9.10 27,185.2
1977 $8.54 28,150.6
1978 $9.14 29,407.6
1979 $8.97 29,993.8
1980 $8.46 29,625.7
1981 $8.29 30,081.1
1982 $7.82 29,216.8
1983 $7.59 30,258.8
1984 $7.34 32,153.8
1985 $7.09 33,188.8
1986 $6.98 34,022.8
1987 $6.74 34,798.7
1988 $6.48 35,901.8
1989 $6.18 36,835.0
1990 $6.66 37,128.5
1991 $7.16 36,646.6
1992 $6.96 37,462.5
1993 $6.77 38,119.7
1994 $6.60 39,284.7
1995 $6.42 39,893.2
1996 $6.97 41,006.7
1997 $7.39 42,425.7
1998 $7.30 43,869.6
1999 $7.14 45,575.4
2000 $6.90 45,868.2
2001 $6.72 45,906.8
2002 $6.62 46,307.7
2003 $6.48 47,077.9
2004 $6.31 48,261.9
2005 $6.10 49,287.6
2006 $5.91 50,112.1
2007 $6.53 50,587.3
2008 $7.02 49,942.2
2009 $7.82 47,986.8
2010 $7.67 48,724.9
2011 $7.40 49,248.5
2012 $7.25 49,965.3
$7.25