[raddad]

In 1966 we had a middle class. In 1966 minimum wage was $1.20 which is $8.29 in 2012 dollars.(1)

(1) https://www.dol.gov/featured/minimum-wage/chart1

[erikpukinskis]

I am unsatisfied with the state of things, but I don't think low wages is fundamentally a problem. Ideally we are able to do more and more with less and less money. In an ideal society you don't need money at all unless you want to do a long-term project that requires a financial instrument.