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.

Comments

Post a Comment

Popular posts from this blog

Exclusive Interview: 2011 8TV Hot Chef (美食型男) Jason Cha

Image
Dubbed as one of the most handsome guy among the participants of popular 8TV shows Hot Chef ( 美食型男 ), Jason emerged as the ultimate winner, not by his look, but his cooking skills. Since then, he became a familiar face in Malaysia. Did you recognize Jason shopping at Mid Valley lately? In order for us to understand more about him, below are some of the his personal details: Full Name            : Cha Kian Heng Age                      : 34 Hometown           : Ipoh, Perak Status                  : Married Hobby                  : Collecting Thai Amulets Favourite Foods : Italian Pizza with many many cheese Favourite Sports : Badminton Favourite Sportsman : Fernando Torres (football player of Spain and Chelsea currently) The Interview: Q: What makes you decided to join the 8TV's 2011 Hot Ch...
Read more

Career Lessons from Breaking Bad

Image
AMC's Breaking Bad ended with a bang last Sunday, leaving viewers generally content and definitely shell shocked. Though the ride is over, we can finally look back at the series and reflect on how we can learn from both Heisenberg's victories and mistakes. How can a meth kingpin help you and your future careers? Here are some takeaways : 1. Be hard to replace   : Find a specific skill set and make sure you are good enough that nobody can quickly take your place. Whether it be modeling, analysis, writing, communication, or even a certain product with a 99.1% purity, having a specific niche or strength can ensure job security. Just try not to kill fellow associates to eliminate competition. 2. Associate with the right people : If you are the smartest person in the room, you're in the wrong room. Surround yourself with people who you believe can bring out the best in you. Doing business with a high school dropout and drug addict will certainly lead to complications in the fut...
Read more

Things We Now Know

The poor are losing ground in the new Obama world.  The facts are showing up even in the halls of collectivist extremes like the New York Times.  The rich are getting richer and poor are being locked in place.  Big government is throttling the economy and the hopes and dreams of lower and middle class Americans. Today's Wall Street Journal's article by Simon Constable lays out some of the simple and obvious facts of the Obama era: "The richest 20% of households account for 38% of spending, according to government data for 2011, the latest available.  Compare that with 2003 when the top earners spent 26% of the total."  The article goes on to say..."it could get even worse."  It will. Who really benefits when the regulators strangle the banks?  Do banks really need to get much more conservative in their lending practices?  Why does the government know best?  How far can you stretch the FDIC guarantees before American banking is simply a subsid...
Read more