If instead the federal minimum wage had grown at the same rate as one-percenter earnings, it would sit at $22.62 per hour today 212 percent higher than the current wage floor.
More like $23.50/hr.
Where The Minimum Wage Would Be If The Top One Percent Didn't Leave Workers Behind
60% - Where the US unemployment rate would with a $22.62 minimum wage.
0% - Where the US manufacturing base would be at $22.62 minimum wage.
$40 - What a Big Mac would cost at a $22.62 minimum wage.
99.5% - The amount of the country's wealth that the 1% would own.
See that last one! When big government socialist take over like in the USSR, the top all gets richer and the rest get poorer. See big regulations that are suppose to hit the large corps actually HELP the large corps. Yes it cost them money, but large corps can absorb the cost and push those costs onto the consumer. Small business that employee the majority of Americans and create the majority of self made "rich" people, can't absorb the cost and can't push the cost onto consumers. They become non-competitive. The large corps thank the government for killing off the pesty competition!