What was the average hourly wage in 1980?
$3.10
Minimum hourly wage of workers in jobs first covered by
| Effective Date | 1938 Act 1 |
|---|---|
| Jan 1, 1979 | $2.90 for all covered, nonexempt workers |
| Jan 1, 1980 | $3.10 for all covered, nonexempt workers |
| Jan 1, 1981 | $3.35 for all covered, nonexempt workers |
| Apr 1, 1990 4 | $3.80 for all covered, nonexempt workers |
What was a good salary in 1983?
Median family income in 1983 increased faster than the rate of inflation for the first time in 4 years, according to results of the March 1984 Current Population Survey (CPS) conducted by the Bureau of the Census. In 1983, median family income was $24,580, an increase of 4.9 percent over the 1982 median of $23,430.
What was average income 1970?
$9,870
The median money income of families in the United States was $9,870 in 1970, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $440, or 4.6 percent higher than the 1969 figure of $9,430.
What was a good salary in 1980?
The 1980 median family income of $21,020 was 7.3 percent higher than the 1979 median, however, a 13.5-percent increase in consumer prices between 1979 and 1980 caused a net decline of 5.5 percent in real median family income.
What was a good salary in 1979?
Money Income in 1979 The median money income of households in the United States was $16,530 in 1979, an increase of 10 percent over the 1978 median of $15,060. However, after adjusting for the 11.3-percent increase in prices between 1978 and 1979,1 the 1979 median was slightly lower than the 1978 median.
What was middle class income in 1980?
Median household income in the United States from 1970 to 2014, by income tier (in U.S. dollars)
| Characteristic | Lower income class | Middle income class |
|---|---|---|
| 2000 | 26,496 | 76,819 |
| 1990 | 23,081 | 68,856 |
| 1980 | 21,336 | 61,832 |
| 1970 | 18,799 | 54,682 |
What was a good salary in 1988?
They earned about $89,000 in today’s dollars. A decade later, a household with the same profile was doing better, earning about $93,000; by 2001, their income hit six figures. But then progress stalled. In 2007, on the eve of the recession, our typical 1988 household earned about $98,000.
What was a high salary in 1980?
Indexing yearly income
| Year | Wage Index |
|---|---|
| 1977 | $9,779.44 |
| 1980 | $12,513.46 |
| 1983 | $15,239.24 |
| 1986 | $17,321.82 |
How much was the minimum wage in 1981?
On this day in 1981, President Jimmy Carter signed legislation raising the federal minimum wage from $2.30 to $3.35 an hour. In the period between 1912 and 1920, 13 states and the District of Columbia had enacted minimum wage laws.
What was the average annual income in 1980?
In 1980 the average income per year was $19,170.00 and by 1989 was $27,210.00. In 1980 a gallon of gas was $1.19 and by 1989 was 97 cents. In 1980 the average cost of new car was $7,210.00 and by 1989 was $15,400.00. A few more prices from the 80’s and how much things cost.
What was the US minimum wage in 1988?
1988 United States Minimum Wage in Today’s Dollars. In the year 1988, the United States minimum wage was $3.35.
What was the average salary in 1988?
In 1988, the average wage rate was $9.45 an hour and in 2008 the average wage rate was $18.00 an.