Minimum Wage in 1950 Adjusted for Inflation

Minimum wage was $0.75/hour in the United States in 1950. 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 1950.
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$0.75 from 1950 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 0.75 in 1950 worth in current dollars?
What was the rate of inflation since 1950 on 0.75?
How has the cost of living changed since 1950?
What was the value of $0.75 in 1950? Every year, the US dollar is usually worth less due to inflation. We calculate what $0.75 in 1950 is worth now.