Earlier this week we showcased Elizabeth Warren engaging in weapons grade jackassery regarding the minimum wage. We had some fun razzing her idiocy. It was just so very, very brazen.
The muggles, however, are celebrating here. Check this out.
Elizabeth Warren was the only senator on the Health, Education, Labor, and Pensions (HELP) Committee, aside from the chair and ranking minority, to show up at last Thursday’s hearing on indexing the minimum wage to inflation. This was unfortunate for the two witnesses representing the National Restaurant Association in opposition of the idea, because it meant that every 15 minutes it was Warren’s turn to ask questions again.
She carved them up like a Thanksgiving turkey. Has their association ever, in its history, supported an increase in the minimum wage, Warren asked — and if not, does that mean they believe it should still be one dollar an hour? Where, she inquired, had the extra $14.75 per hour gone, representing the difference since 1960 between increased worker productivity and the increase in the minimum wage? And which should we take as more meaningful, your speculation about what might happen at your store, or this study of what did happen at tens of thousands of companies in states that adopted minimum-wage indexing?
The writer is incorrect to the point of absurdity. Warren wasn’t indexing minimum wage to inflation at all. Minimum wage is pretty much the same today as it was in 1960 indexing for inflation. Indexed for inflation, the $1.00 an hour minimum wage in 1960 would be $7.84 today. Actual federal minimum wage is $7.25. Warren was indexing to something else completely with her fantasy $22.00 per hour number.
Warren took economic productivity gains and, for some reason, tied them to minimum wage. It is manifestly false that minimum wage workers work harder today than in 1960. Productivity increases have nothing to do with workers and everything to do with automated production, computer controls, network communications, high speed supply chain distribution, etc. Warren was making the Marxist argument that technology steals the the value of labor from workers because all value is produced by labor; never capital or technology.
In other words, Warren made a radical leftist argument that has been widely discredited, the writer didn’t understand what she said, imagined she said something else completely and then he praised her for it. He then went on to say that, “she carved them up like a Thanksgiving turkey”, showing that he clearly doesn’t have the first clue as to what he is talking about. A fool being praised by a bigger fool…
Sadly, the article commentators are even more depressing.
Elizabeth Warren is without question the best thing going in the Senate.
We need more like her in government at all levels. I’m fed up with empty suits who spout whatever platitudes their handlers feed them from corporate approved talking points. You go, EW. Fight the powers that be.
This dude loves Ms. Elizabeth Warren..she’s is my heroine .. I donated to her campaign from here in CA and will again as millions more of us will do….Warren will do nothing to to not get re-elected in 2018…certainly not doing what Warren is dong now, ripping up & talking down to the lazy greedy, keep the status quo lawyers, lobbyist and CEOs NONE of whom represents working people, the aforementioned who only speak & represent the richest 1% who they themselves are. Eat shit and die republicans! Cheers to the great Elizabeth Warren!!
Ms Warren is the best thing going in the government.
They go on like that.
This is what we are dealing with folks. Profound economic ignorance, deep misunderstanding of the facts tied with hero worship for the purveyors of nonsense.
We are in big trouble.