What was minimum wage in 1960?
Table of Contents
What was minimum wage in 1960?
$1.00
Value of the minimum wage, 1960–2011
| Minimum wage | ||
|---|---|---|
| Current dollars | 2011 dollars | |
| 1960 | $1.00 | $6.65 |
| 1967 | 1.40 | 8.25 |
| 1973 | 1.60 | 7.24 |
What was California’s minimum wage in 1961?
The minimum for workers newly subject to the Act was set at $1.00 an hour effective September 1961, $1.15 an hour in September 1964, and $1.25 an hour in September 1965.
What was California’s minimum wage in 1966?
covered before 1966: $1.40 (2/1/67) and $1.60 (2/1/68). $1.30 (2/1/69), $1.45 (2/1/70), and $1.60 (2/1/71).
What was California minimum wage in 1968?
In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($4.81 in 2021 dollars). Its purchasing power peaked in 1968, at $1.60 ($12.47 in 2021 dollars). Since 2009, it has been $7.25 per hour.
What was a decent salary in 1960?
For the country as a whole, the average (median) income of families in 1960 was $5,600; but, for families headed by persons 65 years and over, the average was only $2,900, according to estimates released today by the Bureau of the Census, Department of Commerce.
What was California minimum wage in 1965?
$1.25
History of California Minimum Wage
| Effective Date | New Minimum Wage | Old Minimum Wage |
|---|---|---|
| March 4, 1974 | $2.00 | $1.65 |
| February 1, 1968 | $1.65 | $1.30 |
| August 30, 1964 | $1.30 | $1.25 |
| August 30, 1963 | $1.25 | $1.00 |
What was California minimum wage in 1967?
History of California Minimum Wage
| Effective Date | New Minimum Wage | Old Minimum Wage |
|---|---|---|
| October 18, 1976 | $2.50 | $2.00 |
| March 4, 1974 | $2.00 | $1.65 |
| February 1, 1968 | $1.65 | $1.30 |
| August 30, 1964 | $1.30 | $1.25 |
What was middle class income in 1960?
$5,600
However, consumer prices have risen substantially during the period so that only about one-half of the increase in current-dollar incomes represented an increase in purchasing power. In terms of constant (1960) dollars, the median family income increased from $4,000 in 1947 to $5,600 in 1960, or by 40 percent.
What was the average family income in 1960?
For the country as a whole, the average (median) income of familiesin1960 was $5,600; but, for families headed by persons 65 years and over, the average was only $2,900, according to estimates released today by the Bureau of the Census, Department of Comnerce.
How much did the average house cost in 1960?
$11,900
In 1960, the median home value in the U.S. was $11,900, which is the equivalent of around $98,000 in today’s dollars, and in 2000, SLH notes, it rose to over $170,000. And it has only kept rising. As of April 2018, the median home value has ballooned to over $210,200, according to Zillow.
How much was a haircut in the 60s?
keyboardguy Supporting Member. I too remember early 60’s haircut about $1.25.
How much was a pair of shoes in 1960?
Buying power of $20.00 since 1935
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1960 | $58.67 | 3.49% |
| 1961 | $59.16 | 0.84% |
| 1962 | $60.01 | 1.43% |
| 1963 | $60.68 | 1.12% |
