[quote=The-Shoveler]Most of the wealth Gap is being caused by wages not keeping up with inflation at the lower end of the wage spectrum.
Of course the ultra rich will still be ultra rich, just that the just that the lower would stop falling behind.[/quote]I actually don’t mind having minimum wage being tied with inflation. However, I don’t think minimum wage will affect wealth gap. I define wealth gap as net worth. People in the bottom quintile will most like spend all that they make, so giving them more will only put more money in the system. I don’t think it will allow them to save more. They will either live better or increase the cost of goods faster (inflation).
