The Minimum Wage, Income Inequality and Presidential Politics

Two years ago New York City, 200 fast food workers demanded a minimum wage of $15 an hour. They started something. Since then, legal minimums have been raised in red states as well as blue. The current federal floor is $7.25, and President Obama has proposed $10.10. Democrats in Congress are now pushing a federal floor of $12 an hour. Some Republican presidential hopefuls are talking about working class beginnings and cheap off-the-rack sweaters. Are we seeing a political movement? With voters still suffering in the aftermath of the Recession, we look at how income inequality is emerging as a major issue in next year’s campaign.