In the longterm the wealth differential between the first world and developing countries is going to level out. Wealth grows at the developing side faster than at ours, and wages will eventually follow.
As for increasing wages: enforce higher wages by raising minimum wage to a level sufficient to make ends meet.
What's happening now with working people needing welfare and food stamps to survive is perverting the job market. It allows companies to cut costs by having people do stuff for a low wage, rather than making their operation more efficient or automating the task. Having the government fill the gap between their wage and surviving is effectively a subsidy for businesses.
11-Mar-2014 00:05:30