Gasoline was 28.9 cents a gallon

Minwage3

Minwage3 (Photo credit: Wikipedia)

This was back in 1965* and when you pulled in to get your gas one or two young men came out to pump your gas, check your oil, clean your windows and check your tires. The tires were usually only checked if you asked but the other services were provided without question.

Minimum wage back then was $1.25 an hour. It was not long after this time when self pumping came along in Michigan. When it first started I believe you would get a penny or two off on the price of gas if you self pumped. Today minimum wage is $7.25 and everyone pumps their own gas at 10 to 12 times the price. Had minimum wage kept pace with gas prices it would be somewhere around $12 to $14 an hour right now.

A loaf of bread costs an average of 21 cents in 1965 compared to $2 to $3 today. Again the minimum wage failed to keep pace.

*Why 1965 you ask, well I wanted to go back to a time before “Saint Ronnie” started the trickle down economic policies that have destroyed the middle class in this country; a policy that George H.W. Bush referred to as “Voodoo economics”. Did not expect to ever agree with a Bush but, time has proven him right.

Way to go Spartys and Go Lions!! 🙂

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2 thoughts on “Gasoline was 28.9 cents a gallon

  1. Just curious how Are the policies of President Obama any less trickle down that those used by former Presidents? He gave billions to business to stimulate the economy. How would those businesses stimulate the economy, by spending that money on investments, and hiring new people. So the plan was the government give a lot of money to a corporation, it then gives some of that money to its employees. That sounds like it is trickling down. I don’t mean to be disrespectful to you sir, or get into a huge economic debate, but this is one of those terminology things that just grinds my gears.

    It is interesting to see what inflation does to the American consumer. I only hope that we are able to stave off hyper inflation, with all the quantitative easing that the federal reserve has been doing.

    Like

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