i recall it as $1.60; substantially higher than the $0.35 when i lived as a teen in japan - but it did not go as farMinimum wage in 1970 was $1.25/hour, if I remember correctly, and adjusted for infltion that is now about $7.40/hour.
minimum wage graph.jpg
minimum wage rate adjusted.jpgWhen I worked at that wage I needed a roommate to get a small appartment and afford a barely running used car. After four and a half years I had a much better job and an AA degree in Comptuer Data Processing from a local community college. I worked full time and took classes part-time, still lived with roommates and bought a small 3/bedroom 1/bath house - renting out two rooms.
CPI Inflation Calculator
appears Obama is trying to return the minimum wage to an effective rate similar to what you and i "enjoyed" in our youth; still less than a living wage