ELIZABETH WARREN WONDERS: WHY AREN’T EMPLOYERS PAYING $22-AN-HOUR MINIMUM WAGE RATES?
Democrat Senator Elizabeth Warren during a hearing of the Senate Committee on Health, Education, Labor and Pensions last week asked why the current federal minimum wage rate is only $7.25 and not $22 an hour.
“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,” the Massachusetts senator said during the hearing.
“And, if that were the case, the minimum wage today would be about $22 an hour. So, my question … is what happened to the other $14.75?” she asked University of Massachusetts professor of economics Arindrajit Dube
First she fakes being Native American and now she’s faking being an economist? She fails on both fronts.
Massachusetts, you elected a moron.
See also: Minimum Wage, a Synopsis and its follow-up.
- Posted 11 months ago
- Reblogged from stuff-that-irks-me with
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- politics
- minimum wage
- pay
- bad idea
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