@krnel - 100% agree. Great article, decided to follow you

Maybe from a bit different angel, I work in a finance world and see how the majority companies in the UK after the minimum wage hike started big headcount reductions because they need to show profits. They also started passing these increased costs on to customers.

Clearly, with all these minimum wages you can not overcome poverty that now exists. In fact, I think that we are now very close to the 2nd Great Depression which will start in 2017. Tried to explain why in my article I just published today

https://steemit.com/money/@conspi-theorist/why-global-crisis-is-inevitable-part-4-finale-the-2nd-great-depression-will-start-in-2017