Dean Baker: President Obama's Inequality Story

The advance word is that inequality is going to be the central theme in President Obama’s State of the Union Address on Tuesday. That’s certainly good news, since it is a huge problem. The question is whether President Obama is prepared to talk about inequality in a way that gets to the core of the problem as opposed to just clipping away at the edges.

It’s a safe bet that we will see the latter. Obama has indicated that he will redouble his efforts to push for a $10.10 minimum wage. This is good news. This will mean a substantial increase in the wages for people at the bottom of the income ladder. The bulk of the gains from a higher minimum wage will go to people who really need it.