how was wage in 1940s, 1950s, and 1960s?

Question

does anybody know...
were people making more or less money than the previous or later years?
whats was the average wage and the minimum wage?
any corruptions?

Answer 1

In the 1940's, my Father made approximately $125 dollars a month, we lived well. There was no minimum wage law.

My first job as an adult in the 1950's was for $275.00 a month and I lived okay. By 1959, I was making $700.00 a month, married, one child, new home, car, furniture and still able to save money. In 1949, the minimum wage was raised from 40 cents an hour to 75 cents an hour.

Minimum wages only covered certain occupations, not all of them. For a history of their development, see:

http://www.dol.gov/esa/minwage/coverage.htm

It was raised to $1.00 per hr in 1955 and to $1.25 by 1963.

By the 1960's, my salary was $900.00 per month, the average salary then was half that amount or less. As a manager of nearly 200 people, my salary increased to $1000 a month in 1965, it put me on top of the world.

The average social security benefit in the early 1960's was under $100.00 per month. People did not have Medicare until the middle 1960's.

Answer 2

Minimum Wage In 1960

Answer 3

This Site Might Help You.

RE:
how was wage in 1940s, 1950s, and 1960s?
does anybody know...
were people making more or less money than the previous or later years?
whats was the average wage and the minimum wage?
any corruptions?

Answer 4

Wages during WWII were somewhat controlled however the number of jobs in manufacturing swelled and those jobs were paid at Gov. set rates which were higher than general industry had been. Employee benefits were also a part of the jobs. Many people moved to the cities to get in on the "war jobs" the high salaries that they paid and the benefits they provided.. A minimum wage was a part of the Great Society programs of the Kennedy-Johnson era however the first minimum wage laws had little effect except for part time high school jobs. Everyone else was already making more than minimum wage and some industries such as food service were exempt.

Answer 5

I believe wages were fairly stable in the 40s because of the war, however, the boom of the 1950s may have changed that. I believe minimum wage was instituted under kennedy/LBJ in the 60s

Answer 6

Graph of real (adjusted for inflation) median family income for 1,2,3 and 4 earners is at
http://www.visualizingeconomics.com/2006/10/29/income-by-number-of-earners/
The one earner family would be a good approximation for median wage. Average would be a little higher but behave the same way over time.

Answer 7

In 1963 my first job that I got was in working in a machine shop. I brought home after taxes $42.42 dollars a week.I was making $1.15 cents an hr. that was a 40 hr work week.

Answer 8

When I was growing up in North Carolina and Mississippi, Mexicans and Hispanics were considered WHITE.---and treated as such.---Treating them as Minorities, came about in the late 60s by politicians trying to isolate them from the mainstream society and cultivating them for votes as they have done the blacks soon before.--They then became "Hispanics", a separate group. helped along by removing incentives for them to NOT have to learn English.--further isolating them from the mainstream, and making "welfare cases" out of many of them.

Answer 9

laura jane neff jaroszl