You sound really intelligent. You should understand my concern when labor wages are stagnant while the corporations are breaking records. What happens when labor gets left behind?
You can not focus just on wages because an employee's total compensation package in modern day America includes pension(retirement), health insurance, and other perks depending on position(s).
As expenses rise employees have chosen in a lot of cases to get benefits (tax free I might add) instead of wage increases.
Corporations may be breaking records, but are small businesses and middle size businesses. I'm not so sure of that.
I know I just started a business and you wouldn't believe the services I provide for the govt. free of charge. I collect income tax, soc. security taxes, sales taxes, etc. I garnish wages for guys behind on the child payments. I pay licensing fees to operate, I pay property tax, and a whole lot of other expenses that are going up.
Many millions of Americans are like me. Little guys who are risking their wealth (uyes I had to write a check to capitalize my business) and try to build a company.
We hire and pay good wages, we pay health ins., and pension, etc. We don't hire part timers, our people are all fulltime.
My advice to you is look at the entire picture, not just wages. Look at all the expenses involved to employ a person, and not just what his wages are and I think you'll be surprised.
I for one would love to write out one big check which covered everything for that employee and let him see how much he costs me an hour and then let him sit down and pay all the taxes, insurance, and other thing that I pay on his behalf every week.
I think if he saw all the money that he had earned that he didn't keep, he might take more of an active role in society and he'd be apt to be more concerned what the pols did with his money.