Monday, June 24, 2013

Elizabeth Warren and the Minimum Wage

The newest Senator from Massachusetts is Harvard faculty member -- a native American according to her resume (as opposed to her true heritage) -- Elizabeth Warren.  Her main claim to fame is villifying Wall Streeters for lining their pockets, a practice she seems especially adept at.  No wonder she notices it in others.

Senator Warren was singing the praises of the minimum wage last week during Senate hearings.  According to Senator Warren, increasing the minimum wage actually increases jobs.  Employers, I presume, get excited, knowing that employees now cost more than before and therefore expand their hiring.  I guess that's Senator Warren's logic, since she didn't offer any logic during the hearing.

Using Senator Warren's logic, I propose we cut to the chase.  Increase the minimum wage to $ 1,000 per hour.  That way, it will impact fat cats like Senator Warren, not just minorities and high school graduates. 

People like Senator Warren have a noblesse oblige approach to the unemployed.  Let them eat cake (or better yet, raise the minimum wage).

Employers really are a silly lot if the they behave as Senator Warren thinks they behave.  Wonder why they didn't think of raising wages themselves so that they can then offer more jobs?

Warren's absurd statements should be good fodder for a comedy show not a Senate hearing.

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