Gen Z has had the lowest average minimum wage since the minimum wage was introduced
data is from the department of labor and BLS. I made it myself so there could be something I'm missing. Greatest Generation doesn't entirely count since they came of age before the minimum wage was introduced so their data is skewed. For the range I decided to get the average REAL minimum wage for each year that each generation is between 16-21 years old since thats the age range that one would normally recieve minimum wage. So for example Gen X would be between the ages of 16 and 21 from 1981-2001 and I'd get the average for that range.
Also I projected this forward by 4 years to 2028 on the assumption that we see no increase to the federal minimum wage (which seems likely) and that we experience 3% yoy inflation which has been the average.
data is from the department of labor and BLS. I made it myself so there could be something I'm missing. Greatest Generation doesn't entirely count since they came of age before the minimum wage was introduced so their data is skewed. For the range I decided to get the average REAL minimum wage for each year that each generation is between 16-21 years old since thats the age range that one would normally recieve minimum wage. So for example Gen X would be between the ages of 16 and 21 from 1981-2001 and I'd get the average for that range.
Also I projected this forward by 4 years to 2028 on the assumption that we see no increase to the federal minimum wage (which seems likely) and that we experience 3% yoy inflation which has been the average.