Graph provided by UNR economist Elliott Parker showing the median hourly wage for full-time employees, the federal minimum wage (solid red line), Nevada’s minimum wage, and the minimum wage through 2019 if it rose with ‘multifactor’ productivity (a measure of labor productivity weighted with factors like capital investment). These figures are adjusted for inflation and reported in 2023 dollars. This graph shows that the federal minimum wage has fallen behind the cost of living, productivity, and the median wage; even Nevada’s minimum wage, which is higher than the federal minimum, has not caught up with productivity or median wages.

Stories this photo appears in:

Winners and losers: Minimum wage increases July 1

The minimum wage in Nevada will be $12 an hour, a modest bump from the current minimum wage.

• By Scott Neuffer
• June 30, 2024