General Discussion
In reply to the discussion: THIS is what's killing the US economy: [View all]merrily
(45,251 posts)"Oligarchs" include the rich who wield political power; politicians and those who pull their strings, most of whom are rich in both cases; and media moguls and those who do their bidding.
Anyone who thinks diddling the minimum wage by another $7.75 over a period of years is going to fix all that needs to think again. Sure, it's something, but it's far from a fix. Oh, and a minimum wage increase does not = a cap on executive compensation, so the gap can continue to expand. Morever, despite all the wage increases since the 1970s, buying power has not increased appreciably because prices go up.
To quote the refrain Kucinich used in his speech at the 2008 Democratic National Convention, "Wake up, America."
Of the candidates for POTUS, all give at least lip service to increasing the minimum wage. Only one dares address wealth inequality. Only one turns away from big donors, giving all the power in his campaign to small donors.