The dotted line below shows the value of the minimum wage in 1968, and the blue line shows the projected value of the minimum wage under current law. By checking the boxes below, you can compare the effects of a variety of different proposals for changing the minimum wage. If you hover your mouse over any of the lines, you can see the projected value of the minimum wage for that specific scenario (properly adjusted for inflation).
You can also design your own proposal.
* Future inflation adjustments are calculated using CBO projections of the Consumer Price Index for all Urban Consumers (CPI-U) with a lagthat is, each fall the state would calculate an increase based on the year-to-year change in the CPI-U for the preceding July-June period preceding and then the increase would take effect in January.
** In this model, "phased" adjustments are phased in over a three-year period.