If we've learned anything from the news of the last year, from the BofA settlement being thrown out, or Bernie's improbably successful campaign, to the Panama Papers revealing just how the very rich and connected are hiding their money, it is that there is a enormous disparity in global wealth distribution. Whether it is Ford benefitting from Nazi contracts, Standard Oil cashing in on the Blitzkrieg or TinPot dictators being installed to service US Companies who give marching orders to the state department. More recent examples include the entire first term of the Bush administration being led by a Halliburton CEO to further Middle East conquest for profit. (Oops.)
We are foolish not to realize this discussion of the minimum wage is basically fighting over table scraps.
The minimum wage is just an attempt to balance the scales. The real meat is out of reach.
But this wealth concentration does have powerful effects, and is spread amongst CEOs, owners and politicians who can pay to keep it. There are enormous companies which pay no taxes in the US, yet essentially tax each American on every financial transaction we make, each pill we pop, the programs we use. The real wealth of America (and to a much greater extent, that of the countries we have sucked dry) is out of the grasp of average citizens until the next revolution.