Elevate Minimum Wage To Living Wage

Recently the Forbes list of Billionaires reported that, year 2006 showed the maximum jump of 35% over previous year in ave. growth of wealth for the super-rich billionaires class of this world, the highest recorded jump in the history of mankind. The report further states that the mountain of wealth for the top billionaires club has crossed US$3.6 trillion (i.e 35,000 Crore US$) . In comparison the income and expenditure statistics for the people living on the margin/edge/poverty line was reporetd by the alternator columnist Toola Connell that, the increase of their income from 2004 to 2005 worldwide has increased by 3% but without taking inflation into account, which is now on an ave. 6%. Hence their net income has actually decreased by 3% (i.e 6% -3%). Thanks to the free market economy and its proponents, which has propelled the increase in no's of super riches as well as the people living on or below the poverty line/fringe and the middle class is being further displaced from their Theory of Equilibrium. And the reason for that is in the current system of free market economy, whether in U.S or in the third world countries, it is the Game theory that is creating the disparity than achieving the equilibrium. While the top of the income pyramid class's income has been increasing since 2003 but the middle and low income people has not been able to cope with their income and inflation and gradually this class is becoming the decaying income class.