Saturday, April 11, 2020

Wage Gouge Now

When minimum wage has increased historically, the middle class boomed, and the wealthiest were rich, but not 10% of people own 80% of all stocks rich. In 20 years Minimum Wage has increased $2.10 per hour. In that same time the top 10% went from owning 71% to 80%+. After this financial meltdown and SECOND bailout of the wealthiest among us, how can those numbers reverse? Undoubtedly the poor are even poorer. $15 an hour would drive innovation, sure we’d lose jobs but most employees are dissatisfied with their position so the sooner we can liberate them, the better for all.