In this video Elizabeth Warren raises an incredibly important question, and it isn't simply the question of raising the minimum wage. She says that over the years, if you were to index the minimum wage to productivity it would now be $22. So where did the other $14.75 go? Well, productivity is the dollar value produced per hour by a worker's labor. Much of what doesn't go to the worker becomes profit. This is precisely why there is a massive and growing wealth divide in this country.
Workers at McDonald's, Wendy's, Burger King and others are all producing far more wealth for the richest in this country than they are compensated for. Fast food workers throughout the country have been going on strike demanding $15/hour and a union. Sign up here if you'd like to help bring that fight to Rochester!