Thousands converged in Richmond, Virginia over the weekend to participate in the Fight For $15’s first-ever national convention. Central to the two-day gathering was the historic Richmond Resolution, a statement of purpose and strategy that members approved unanimously on August 13.
When Minimum Wage Buying Power peaked in 1968, that $1.60 an hour bought you EITHER Five Gallons of Gas, Six Gallons of Home Heating Oil (it was cheaper than Gas then), Five Bottles of Beer at a Bar, Four Packs of Cigarettes, Four Pounds of Chuck Steak, Three Tickets to the Movies, Lunch in a Chinese Restaurant (soup, entree, noodles, dish of rice and a pot of tea) with enough left over for another Pack of Cigarettes and a Coke.
Ten Hours of Minimum Wage work could buy you Eight Large Pizzas.
A Hundred Hours of Minimum Wage work could rent you an Apartment in NYC.
A Thousand Hours of work at Minimum Wage bought you a New Toyota Corolla.
Ten Thousand Hours of work at Minimum Wage could buy you a House on Long Island.