Top White House Economic Adviser Says Minimum Wage Is a "Terrible Idea"

[tymorial]

2. Do you know what the terrible idea, a truly terrible idea

The rapidly accelerating disparity of wealth in this country. The whole point of the minimum wage was to allow for opportunity of growth, an expanding middle class and potential for financial stability. We see exponential increase in earnings among the top 10%, destruction of the middle class, and generational poverty with no end in sight. And yet with all of that we are supposed to believe that an elimination of minimum wage is somehow going to improve the financial future of American workers? We are already seeing a massive increase in earnings among the wealthiest 10% over the past 50 to 60 years and that includes a periodically increased federal minimum wage. I'm not buying it and anyone that does is a complete f****** idiot