Thirteen Reason why it’s Time for a Raise – #4 Raising the federal minimum wage will help reduce income inequality

While minimum wage workers have lost one third of their inflation-adjusted value, CEO compensation has skyrocketed over 900 percent. Doug McMillon of Wal-Mart makes $12,000 per hour, surpassing the country’s lowest paid workers yearly salary by noon on his first day of work.  The Top 100 CEOs all made more than $15 million last year, raking in a wage of $7,000 per hour. A 2015 study by MIT showed that raising the federal minimum wage can help eliminate income inequality and allow working class Americans to join the middle class.