Interestingly you made five bucks an hour in 1978. Doing what ?

29 years ago I assume you were young.

People still make 5 dollars an hour. Adults.

Consider increases in the cost of products overtime.

Doesn't that wage seem wrong to you ?

Its not a free market if companies have undue power over employees (which they do) and can keep wages low (which they do) its inefficient and unfairly benefits them. Its a spiral it took society centuries to get out of. Wealth of the ruling class does not indicate wealth of the nation.

Therefore it will harm society, as the brilliant shape of the US economy has indicated. You're missing out on a great deal of consumption that would lead to job creation.

I should probably find some papers but no one would read them anyway.