Low bank wages costing the public millions, report says

[Warpy]

26. The only thing that will work is a substantial rise in the minimum wage

and by substantial I don't mean Obama's measly $9.00/hour, it should be all the way to $12-15/hour.

That's the only way to raise wages across the board and get the economy out of this hole it's in. Marginal businesses that should have gone under years ago will die. The rest will thrive as the money moves through the economy.

It will also help to cap executive salaries to a multiple of the lowest paid worker's pay, and by that, I mean what they're paid by agencies if those bastards try to fire everybody and hire temps.

The new minimum wage law has got to be indexed to inflation.

That's what was wrong with the old one, no indexing.

That also killed the progressive tax structure that made us so prosperous, no indexing.

This time we have a chance to do it the smart way.