Minimum Wage is literally a scam.
Why hasn't the federal minimum wage increased in over 16 years? While rent, groceries, and corporate profits have skyrocketed?
This video exposes the history, politics, and economic myths behind America’s stagnant wage floor, revealing how poverty became profitable for the rich.
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📚 Sources & Stats Mentioned:
2009: U.S. Department of Labor
Real value of the minimum wage has fallen by ~30% since its 1968 peak (adjusted for inflation)
Productivity up 60% since 1979, but wages up only 17.5% — Economic Policy Institute
CEO pay rose 1,322% (1978–2020) vs. worker pay up just 18% — EPI
Walmart & McDonald’s cost taxpayers $1B+ per year via public assistance — GAO, 2020
Over 50% of working-age adults on public assistance have jobs — GAO Report, 2021
Minimum wage tied to productivity = ~$24/hour today — CEPR estimate
No consistent job loss from wage hikes — 2019 meta-study, Quarterly Journal of Economics
#MinimumWage #EconomicInequality #WageGap #LivingWage #LaborRights #Reaganomics
Keywords: minimum wage, wage stagnation, federal minimum wage 2025, cost of living, poverty wages, economic inequality, working poor, Reaganomics, corporate profits, productivity vs wages, living wage, wage gap in America