Boost min wage to reduce inequality

The BBC are covering today research which shows the top 10% of earners are accelerating away from the population as a whole. If those 10% were taxed more this wouldn't be so bad under the last 10 years of Labour government.

The top 10% do not really matter that much, it's the average of the population that has to be improved. If the minimum wage was increased above 20% per annum this wouldn't be so pronounced after 10 years. Currently the min wage is £5.52, if increased at 20% for the next too years that would take it up to £7.94 per hour, taking the lowest salary up to £16,000.