Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
How Bad Has Income Inequality Become?
Posted
April 11, 2015
Views
41,832
Likes
1,370
Comments
357
Engagement
4.13%
April 11, 2015
41,832
1,370
357
4.13%
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1:57Now PlayingCenk Uygur () host of The Young Turks discusses the state of income inequality that is only expected to rise in the next few decades.
How does minimum wage worker's income stack up against just the bonuses that Wall Street workers on average? They come nowhere near each other, with some Wall Street workers sitting on a wealth tower four times larger than the average annual wage of minimum wage workers.
A recent article by the Boston Globe stated that Atlanta, Georgia currently has the highest rates of income inequality within the United States. This is a trend that has risen in the last few years and is only expected to rise in the coming century. Twenty-one of fifty of the largest cities in the country saw larger gaps in income in 2013 than they did even a few short years before in 2007. With the rise of prices the minimum wage is not keeping up, and law makers both Republican and Democrat seem to fight to keep it from rising to what would be anywhere close to a minimum wage."
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