Why Poverty Has Increased

Posted June 10, 2013
By Clay Cerny

Huffington Post offers a great chart that contrasts the minimum wage and productivity since 1947.  The picture is stunning.  The poorest working people tread water while they contribute to consistent increased productivity.  According to the article, a minimum wage that kept up with productivity would be $21.72 per hour. Instead, it remains at $7.25.

Where does the extra value poor working have produced go?  Maybe we should ask the billionaires.