Report: Fight for $15 wins $62 billion in raises over 4 years

The Fight for $15 marked its fourth anniversary this week with strikes, protests and civil disobedience from coast to coast. A report from the National Employment Law Project says since the movement’s launch in New York in 2012, the Fight for $15 has won nearly $62 billion in raises.

 

“The Fight for $15’s impact towers over past congressional action because it has been propelled by what workers need — not what moderate compromise might allow,” said Christine Owens, executive director of the National Employment Law Project, in a news release. “As a result, workers have been fighting for and winning much bigger raises for much more of the workforce than ever before.”

The NELP analysis quantifies the impact of the Fight for $15. Some key findings:

• Since the Fight for $15 launched in 2012, underpaid workers have won $61.5 billion in raises from a combination of state and local minimum wage increases from New York to California and action by employers ranging from McDonald’s to Walmart to raise their companies’ minimum pay scales. This includes the additional annual income that workers will receive after the approved increases fully phase in.

  • Of the $61.5 billion in additional income, two-thirds is the result of $15 minimum wage laws that the Fight for $15 pressed for in California, New York, Los Angeles, San Francisco, Seattle, SeaTac and Washington, D.C.
  • At least 19 million workers nationwide will benefit from raises sparked by the Fight for $15.
  • 2.1 million workers won raises in November, when voters approved minimum wage ballot initiatives in Arizona ($12 by 2020), Colorado ($12 by 2020), Maine ($12 by 2020), Washington State ($13.50 by 2020), and Flagstaff, Arizona ($15 by 2021).

The raises sparked by the Fight for $15 are beginning to reverse decades of wage declines that have resulted in 43 percent of the workforce, or 60 million workers, being paid less than $15 per hour.

Across the United States, the median wage rose 5.6 percent last year, the largest increase since at least the 1960s, according to the report.