Difference in wages.
I don't necessarily blame the rich for poor people being poor... but when it is known that many corporate CEO's make $13,700 PER HOUR while those earning minimum wage see less money in single year, how does this seem fair? I mean a hard working person is certainly entitled to their money. I just hope that CEO is paying their staff more than minimum
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What do you do when you have an employee making 5.15 an hour, who started 3 weeks ago, and one who is making 6.00, who has worked for you for a year, when the minimum wage goes up to 6.50? Do they both go to 6.50? or does the one with more experience get an even bigger raise? What about the guy who had been making $7.00? The problem with a minimum wage increase is that we compare our incomes to to it. If the minimum wage in washington doubled, how would you feel about making minimum wage? I would suddenly be tied with 45 other people for lowest paid person at the company.
The federal reserve system is intensely paranoid about inflation. Wage inflation will quickly lead to price inflation (or real growth, but price inflation is more likely). Since everyone who shops at Mcdonalds would be paid twice as much, and mcdonalds labor cost would also double, the cost of all things at mcdonalds would likely double. If the cost of eating at Mcdonalds doubled, how long do you think it would be before the Outback raised it's prices? Next thing you know, rather than less poor people there are more, as you and I suddenly become poor.
Because the federal reserve system exists, and exists for the benefit of the rich, and the federal reserve system actively works to keep some number of people poor, you should perhaps blame the rich. Unfortunately, that system which benefits Donald Trump also benefits you and I (though not nearly so much).
Legitimate wage competition is an effect of labor shortage. The government actively works to keep unemployment at a fixed level. They don't want it too high (recession) but they also don't want to too low (inflation).
In order to create real growth we need serious improvements in education. Education leads to wage inflation that is a result of real growth. Any method of raising people out of poverty that does not involve educating them is simply an illusion. (As corny as it is the whole give a man a fish/teach a man to fish thing is just as true in the US).
In order to create more wealth equality (which is different from wage equality) we could have viscous punitive taxes against the rich, which I favor, but most people think they will someday be rich, and so shy away from the idea.
In the end I would still support a minimum wage hike, but far better would be universal health coverage. Or programs that create minimum standards of living ala welfare, food stamps, section 8, sadly in addition to all of these programs being cut by compassionate conservatism, they only benefit a small number of the people they need to.
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