[Joe K]

Originally Posted by old31

I actually remember getting that gas for 25 cents a gallon. I told my son that I used to buy gas for a quarter, and he thought I was kidding.

Key Federal Minimum Wage Milestones
Historically, Congress increased the minimum wage fairly regularly to adjust for the cost of living, but that changed in the 1980s. Key historical rates: [1]

• 1938: \(\$0.25\) per hour (introduced by the Fair Labor Standards Act)
• 1968: \(\$1.60\) per hour (its highest inflation-adjusted peak)
• 1981: \(\$3.35\) per hour
• 1991: \(\$4.25\) per hour
• 1997: \(\$5.15\) per hour
• 2007: \(\$5.85\) per hour
• 2008: \(\$6.55\) per hour
• 2009–2026: \(\$7.25\) per hour

I remember $1.25 which is what it was when gasoline was $0.26 per gallon. (About 1964) 9 years old and allowed to mow with a "power" reel mower.

I remember the step change to $1.60. We all thought we were rich!

Joe K