At a Senate hearing on March 14th, Sen. Elizabeth Warren (D-MA) said if the minimum wage had been tied to gains in productivity since 1960, it would now be $22/...hour. Warren is the new liberal heart throb, and believes a $22/hour minimum wage "is only logical if you look at the numbers".
The current minimum wage is $7.25 per hour, and the Senator asks “What happened to the other $14.75?”
If the Senator had gone back to 1946, then by her calculation the minimum wage should be $33/hour. She is currently writing a book called "Rigged!" A better title for her memoir would be "Idiot!"
The current minimum wage is $7.25 per hour, and the Senator asks “What happened to the other $14.75?”
If the Senator had gone back to 1946, then by her calculation the minimum wage should be $33/hour. She is currently writing a book called "Rigged!" A better title for her memoir would be "Idiot!"
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