The "Why" in Wage Segregation

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When minimum wage was at its highest in comparison with today's dollar value (1970-1974 I believe), it would be the equivalent of over $11.00 an hour.  Today worker productivity is up 20% and the minimum wage is much lower at $7.25/hour.  Combine that with the fact that the top 1% owns 30% of the wealth and the top 20% owns 80% of the wealth, there's a big gap.  I propose minimum wage go up to $10.55/hour for minors and those who work less than 28 hours a week.  Anyone working more than 28 hours a week would have a minimum wage of $11.25/hour with annual increases to keep up with the cost of inflation.  Seriously, if you look at what minimum wage was just over 40 years ago and add the increase of worker productivity, you'd have a minimum wage of over $18.00/hour!  Current minimum wage isn't even enough to raise one child and 1/5 of children in this country are living in poverty.  Our economy works best with balance and the average Joe having money in his pocket.