Thanks for reading and replying.

In response to poverty some people will certainly work harder, but the minimum wage makes it harder to escape for all. The scope of this article was only that the minimum wage is a fallacy. The much bigger question of why there is such great inequality in the world is too big to answer here, but it is related to central banking and interest rate price fixing.

What I would say to you is, remember not to confuse correlation with causation. There have been many overlapping ideas simultaneously in existence over the past years. Reganomics is just one, and it may or may not have lead to a certain outcomes, the world is a complex system. There has also been activist central banks, out of control big banks and socialist politicians all of which could have some connection to poverty.