Minimum Wage in 1947 Adjusted for Inflation

Minimum wage was $0.40/hour in the United States in 1947. How much is that worth in today's dollars when taking inflation into account? This calculates how much inflation there has been on the minimum wage since 1947.
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$0.40 from 1947 to 2024 adjusted for inflation. We use the Consumer Price Index provided by the Bureau of Labor Statistics. They aggregate prices over time to determine the CPI.
How much is 0.40 in 1947 worth in current dollars?
What was the rate of inflation since 1947 on 0.40?
How has the cost of living changed since 1947?
What was the value of $0.40 in 1947? Every year, the US dollar is usually worth less due to inflation. We calculate what $0.40 in 1947 is worth now.