In 1987, the federal minimum wage was $3.35 per hour. After adjusting for inflation and productivity in the fast-food sector, that figure would equate to $7.67 per hour today— just above the current federal minimum wage of $7.25 per hour and the average minimum wage of $7.57 across all the states.
In 1987, the federal minimum wage was $3.35 per hour. After adjusting for inflation and productivity in the fast-food sector, that figure would equate to $7.67 per hour today— just above the current federal minimum wage of $7.25 per hour and the average minimum wage of $7.57 across all the states.