Over the last 30 years income inequality has exploded. Real wages for the average worker have been stagnant and executive pay has grown enormously. This inequality is directly harming the economy by redistributing wealth from the spending class to the hoarding class. One of the reasons real wages are stagnant is the outdated setting of the minimum wage. It is time that the minimum wage be set as a percentage of per capita GDP. This will ensure that each year as the economy grows and inflation goes up real wages will also go up. However, executive pay must be reined in. CEO's making $100 million while their workers live in poverty is unamerican. Executive pay should be capped at 50 times the average worker's pay. This will encourage executives to focus on real growth.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
