Has income inequality really gotten worse in America or is it liberal spin to promote socialism? Professor Don Boudreaux suggest the statistics on wages and income inequality have commonly been interpreted incorrectly. To make matters worse, Obama is using these misleading statistics to increase the minimum wage and levy new taxes on the American people.
In this video, Professor Boudreaux shows how hourly wages for working Americans have in fact increased as much as 26% since the 1980s. He reiterates the importance of free markets and capitalism in order to achieve a strong economy. Social welfare is not the solution for retaining this countries excellence.