What is your solution? Will raising the minimum wage a couple of bucks solve “income inequality”?
Picture the scenario. Automation replaces 40 percent of current jobs, including good tech jobs. The jobs leftover have more applicants then openings. Income drops. How do you think the ones who just lost their good paying job to a robot, and now facing prospect of a job with low pay is going to react to a socialist politician? Read how Hitler and Mao came to power. Economic conditions play a key role in their rise. Dems are going to use living wage as an issue, what will the GOP offer the worker?
There’s no such thing s income inequality and low paying jobs are a training ground if you want to learn.
There is income capability. You get paid based on your capabilities to perform and your want and need to get ahead in life.
We’re all born equal, what you choose to do with that is up to you.
Is income inequality a problem to be solved?"In reality it is merely a political opportunity for propagandists.In America, poor people live in more spacious housing than the average European - say nothing of the average Japanese - and, the typical poor American is overweight. An American secretary is better of materially - because of health care that actually works, dramatically better transportation, just as good food - than Queen Victoria was in her day.
There is no obvious reason why people who prepare diligently, then work effectively, should make the same income as someone who follows Obamas prescription and avoids well-paying employment.Keep in mind that the lowest quintile of the income distribution is loaded with young people just starting out. All the so-called minimum wage does is force employers to eliminate entry-level jobs - that is, make the actual wage for those jobs zero. If the pay for entry-level jobs were enough to support a family of four - as some such employees have insisted - those employees would presumably be content to stay in such jobs, making it that much harder for the next cohort of younger people to find entry-level work.