Monday, March 18, 2013

Elizabeth Warren Thinks The Minimum Wage Should Be $22/hour?

Yeah, she really is that stupid.
In a hearing of the Senate Committee on Health, Education, Labor and Pensions last week on “indexing the minimum wage,” Massachusetts senator Elizabeth Warren inquired of University of Massachusetts professor economics Arindrajit Dube, “If we started in 1960, and we said that, as productivity goes up — that is, as workers are producing more — then the minimum wage is going to go up the same. And, if that were the case, the minimum wage today would be about $22 an hour. So, my question, Mr. Dube, is what happened to the other $14.75?”

1 Comments:

Anonymous Anonymous said...

Is there anyone out there who actually thinks this would help the nation as a whole? Doesn't she realize the amount of unemployment that would occur overnight? Wish I could say things that were absolutely foolish while on the job. Then, not only keep my job, but get praised by some in the media.

7:42 PM  

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