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The last increase to the minimum wage was in 2009, when it was set at the current rate. For workers with more than 35 years of covered wages, the Average Indexed Monthly Earnings will only take the average of the 35 highest years of indexed covered wages. .agency-blurb-container .agency_blurb.background--light { padding: 0; } Cigarettes averaged47.9per pack (including tax)in 1975. Occupations in this industry include production workers and professionals such as biologists, chemists, engineers, and science technicians. Aggregate household money income increased 8 percent between 1973 and 1974 resulting from a 2 percent increase in the number of households (1.3 million additional households) and a 6 percent increase in the average (mean) household money income. COMMUNICATION WebWage rates are for January 1 of each year except 1968 and 1972, which show rates as of February. WebMoney Income in 1973 of Families and Persons in the United States (Advance report) Author: U.S. Census Bureau Subject: Current Population Reports, Consumer Income In short, workers, on average, have not seen their pay keep up with productivity. The maid servents were getting around Rs.60 per month This source also tells the prices for dental services (fillings, extractions and cleaning) and for eyeglasses (exam, prescription, and eyeglasses). Pew Research Center does not take policy positions. (d) - Rates applicable to employers of six or more. Health care costs averaged$297per person in 1970. In nominal terms, the production and nonsupervisory worker made $4.05 per hour in 1973. For women, the median was $224, or 65 percent of that for men. Salaries An official website of the United States government. Annual data for 1968-1998 plus narrative information on historical gold prices back to the 1700s. But despite the strong labor market, wage growth has lagged economists expectations. US Average Household Income by Year - multpl.com Dorado, PR 00646, Metro Office Park US Median Income by Year - multpl.com A recent Pew Research Center report, based on an analysis of household income data from the Census Bureau, found that in 2016 Americans in the top tenth of the income distribution earned 8.7 times as much as Americans in the bottom tenth ($109,578 versus $12,523).