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Table #9
Annual Earnings at the Minimum
Wage Compared to the Poverty Guideline for a Family of Three: 1970-1996
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Years
| Minimum Wage ($/Hour)
| Annual Earnings at Minimum Wage
| Federally Defined Poverty Level (Family of 3)
| 1970
| $1.60
| $3,200
| $3,100
| 1975
| 2.15
| 4,300
| 4,450
| 1976
| 2.35
| 4,700
| 4,650
| 1977
| 2.35
| 4,700
| 5,050
| 1978
| 2.65
| 5,300
| 5,200
| 1979
| 2.90
| 5,800
| 5,800
| 1980
| 3.10
| 6,200
| 6,600
| 1981
| 3.35
| 6,700
| 7,300
| 1982
| 3.35
| 6,700
| 7,760
| 1983
| 3.35
| 6,700
| 8,220
| 1984
| 3.35
| 6,700
| 8,460
| 1985
| 3.35
| 6,700
| 8,850
| 1986
| 3.35
| 6,700
| 9,120
|
1987
| 3.35
| 6,700
| 9,300
|
1988
| 3.35
| 6,700
| 9,690
|
1989
| 3.35
| 6,700
| 10,060
|
1990
| 3.80
| 7,600
| 10,560
|
1991
| 4.25
| 8,500
| 11,140
|
1992
| 4.25
| 8,500
| 11,570
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1993
| 4.25
| 8,500
| 11,890
|
1994
| 4.25
| 8,500
| 12,320
|
1995
| 4.25
| 8,500
| 12,590
|
1996
| 4.25
| 8,500
| 12,980
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Note: Annual earnings at the minimum wage calculated by
multiplying the minimum wage by 2000 hours worked (assumes person
works 40 hrs/wk and 50 wks/year).
Source: U.S. Department of Health and Human Services
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