Elizabeth Warren: Hey, why isn’t the minimum wage $22/hour?

posted at 1:21 pm on March 18, 2013 by Erika Johnsen

Oh, minimum wage — the simple- and friendly-sounding yet actually regressive and economy-damaging populist throwback that just refuses to die. President Obama once again resurrected the timelessly terrible idea in his State of the Union speech in February, and it’s been percolating among the Democrats as a potential 2014-oriented rallying cry for how those obstructionist Republicans must really, really hate poor people because there’s no other possible explanation for their opposition (except that, you know, minimum wage hikes are actually counterproductive to an inclusive and prospering economy, but let’s just rid ourselves of any lingering school-girl notions that facts are what matter here, shall we?).

Last week in a hearing of the Senate Committee on Health, Education, Labor, and Pensions, Sen. Elizabeth Warren wondered, “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. And, if that were the case, the minimum wage today would be about $22 an hour. So, my question, Mr. Dube, is what happened to the other $14.75?” National Review picked up on it:

Oof. Last month, HuffPo pointed out a 2012 ‘study’ that concluded pretty much the same thing:

President Obama’s call to increase the federal minimum wage to $9 an hour was one of the more significant proposals he laid out in his State of the Union address Tuesday night. But $9 an hour is still a far cry from what workers really deserve, a 2012 study finds.

The minimum wage should have reached $21.72 an hour in 2012 if it kept up with increases in worker productivity, according to a March study by the Center for Economic and Policy Research. While advancements in technology have increased the amount of goods and services that can be produced in a set amount of time, wages have remained relatively flat, the study points out. …

Between the end of World War II and the late 1960s, productivity and wages grew steadily. Since the minimum wage peaked in 1968, increases in productivity have outpaced the minimum wage growth.

I’m calling shenanigans. That is one wildly flawed premise, because the value of productivity is not a constant. As HuffPo’s writeup cedes, “advancements in technology have increased the amount of goods and services that can be produced in a set amount of time,” not to mention with fewer resources and at a lower cost — should in the increase in crop yield from a farmer using a donkey and plow versus a farmer using a tractor be directly proportional to an increase in those crops’ market worth because of some sort of imagined moral law about productivity and wages? No, because the market value of those crops has diminished as the ease of production has increased, and if that was the way the world worked, we’d all be paying a heck of a lot more for food right now.

Again, raising the minimum wage to some arbitrarily-determined level of ostensible just deserts is just another way of throwing market signals under the bus in exchange for more top-down control, which might benefit a few in the short run, but bogs down the entire economy in the long run. As Christina Romer, former head of President Obama’s Council of Economic Advisers, put it:

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists. …

First, what’s the argument for having a minimum wage at all? Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving. If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone — perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers’ bottom lines.


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GLWT

22044 on March 18, 2013 at 1:23 PM

Why stop at $22? Make it an even $100.

vityas on March 18, 2013 at 1:24 PM

I’ll go her one better. Why isn’t minimum wage a nice even $100 per hour? What’s wrong with Lizzy? Does she hate poor people?

dirtseller on March 18, 2013 at 1:24 PM

Hey, why not a $1000. an hour?

Why not $10,000?

Why don’t we just write everyone a million dollar tax free check and end poverty?

JellyToast on March 18, 2013 at 1:24 PM

“Minimum wage should be $100/hr! Why does Warren hate the poor?” -flaming liberal.

nobar on March 18, 2013 at 1:24 PM

Better question – why is Elizabeth Warren paid anything?

Chuck Schick on March 18, 2013 at 1:24 PM

Hey let’s do it…$22.00/Hr.

L.I.B…

PatriotRider on March 18, 2013 at 1:24 PM

Go ahead and raise the minimum wage, then low skilled and entry level workers will be replaced by machines.
Your next WalMart greeter may look like Ed-209, kinda cool, and it would reduce shoplifting.

LincolntheHun on March 18, 2013 at 1:25 PM

The House must quickly vote for a bill that raises minimum wage to $100 an hour, and dare the Senate to oppose it. If it passes, we’ll have an instant reboot of the country’s economy in about a month.

Archivarix on March 18, 2013 at 1:25 PM

So, my question, Mr. Dube, is what happened to the other $14.75?

Nobody got it. You moronic twit.

LoganSix on March 18, 2013 at 1:26 PM

The minimum wage should have reached $21.72 an hour in 2012 if it kept up with increases in worker productivity

Productivity has increased due to capital investment – mostly new technology as of late. Workers are not better or faster, but the computers and robots etc “the bosses” bought sure are speeding things up.

forest on March 18, 2013 at 1:26 PM

Do it! Do it! I wanna see 2016 where a BigMac is $28.50. Milk, $58.24. DO IT!

Limerick on March 18, 2013 at 1:26 PM

Better question – why is Elizabeth Warren paid anything?

Chuck Schick on March 18, 2013 at 1:24 PM

High cheekbones. And, of course, the foot between them.

Archivarix on March 18, 2013 at 1:27 PM

And while we’re at it, lets make crime illegal. And lets ban poverty and hunger. Oh.. and war. We have to ban war.

Why didn’t we think of this centuries ago?

JellyToast on March 18, 2013 at 1:27 PM

Warren is a crackpot … as most liberals are.

darwin on March 18, 2013 at 1:27 PM

Yes I’d like the $10.00 single cheeseburger off of your value menu.

iceman1960 on March 18, 2013 at 1:28 PM

Stupid people playing grownup.

tom daschle concerned on March 18, 2013 at 1:28 PM

Let’s raise it to $1 million/hour! Why shouldn’t everyone be a millionaire? Why does Lizzy “Borden” Warren hate poor people? Of course, a Starbucks latte would cost $500,000, but hey, let’s not just emulate Cyprus but Zimbabwe too.

rbj on March 18, 2013 at 1:29 PM

You really didn’t expect anything intelligent to come out of Fauxahontas’ mouth, did you?

GarandFan on March 18, 2013 at 1:29 PM

“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. And, if that were the case, the minimum wage today would be about $22 an hour.

If you are going to increase wages in proportion to increases in production then you haven’t increased productivity at all. So, why would you risk the capital necessary to increase production?

tommyboy on March 18, 2013 at 1:29 PM

Your #11 might be $7.10 at your favorite McDonald’s but not elsewhere you useless pathetic excuse for an educated person!

LoganSix on March 18, 2013 at 1:30 PM

That is one wildly flawed premise, because the value of productivity is not a constant.

This is the real money quote. Liberal economics depend on many constants and this is one of them.

nobar on March 18, 2013 at 1:30 PM

Let’s be fair. Why should a neurosurgeon make any more than a teenager flippin’ burgers?

iceman1960 on March 18, 2013 at 1:30 PM

Yeah! The poor need more wampum! Never mind that unemployment thingy. That’s just evil white man talk.

The Rogue Tomato on March 18, 2013 at 1:30 PM

YES! $22 an hour! Lets do it! Hope! Change!

El_Terrible on March 18, 2013 at 1:31 PM

that would buy a lot of Wig-Wams…..

SDarchitect on March 18, 2013 at 1:31 PM

Don’t miss the part of the video where they say take to be fair, it could or should be as high as $33 per hour.

I say … why not $50 per hour .. or better yet $5 million per hour ?

J_Crater on March 18, 2013 at 1:31 PM

Better question – why is Elizabeth Warren paid anything?

Chuck Schick on March 18, 2013 at 1:24 PM

Yeah, libs are saying doctors shouldn’t profit for helping the sick. Then why should politicans profit?
Isn’t there just something evil about polticans profitting off the backs of the people?

Should “running the country” be a service instead of a career? Should they really receive millions in retirement while the nation is suppose to rely only on social security?

JellyToast on March 18, 2013 at 1:31 PM

Go ahead and raise the minimum wage, then low skilled and entry level workers will be replaced by machines.
Your next WalMart greeter may look like Ed-209, kinda cool, and it would reduce shoplifting.

LincolntheHun on March 18, 2013 at 1:25 PM

I’d like to see a machine say “Welcome to Costco. I love you!”

22044 on March 18, 2013 at 1:31 PM

As Christina Romer, former head of President Obama’s Council of Economic Advisers, put it:

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists. …

First, what’s the argument for having a minimum wage at all? Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving. If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone — perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers’ bottom lines.

Now that Christina Romer no longer works for King Barry, it appears she retook possession of her intellect.

Bitter Clinger on March 18, 2013 at 1:32 PM

I’m calling shenanigans. That is one wildly flawed premise, because the value of productivity is not a constant.

Except that inflation isn’t the issue here. Consider that the article also says this:

Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study.

…Meaning that if you had no increase in productivity, based strictly on the value of output alone, it should be higher. Once you include the higher output along with its higher value, that’s how you get to $22.

Stoic Patriot on March 18, 2013 at 1:32 PM

A GREAT way to add 25 million to the unemployed rolls- and have 25 million illegal aliens enter the country to take the jobs at WELL under the minimum wage.

michaelo on March 18, 2013 at 1:33 PM

Ummmmm…has anyone asked how much border security we would need if the MW was $22.50. Anyone?

Limerick on March 18, 2013 at 1:34 PM

This woman and all the rest of them are F’n nuts
We are all screwed

Delsa on March 18, 2013 at 1:34 PM

“The actions of labor unions can have effects similar to those of minimum wages, leading to structural unemployment.”

- Macroeconomics, 2nd ed., by Paul Krugman and Robin Wells, Worth Publishers, 2009 (page 210)

Resist We Much on March 18, 2013 at 1:34 PM

Keep in mind, if we were to raise the minimum wage to $33 per hour that there would only need to be unemployment, because anybody with a job would be above the Poverty Level.

J_Crater on March 18, 2013 at 1:34 PM

Why not raise the minimum wage to $100,000 an hour. Everybody could work an hour and take off the rest of the year?

IndieDogg on March 18, 2013 at 1:35 PM

If Fauxcahontas has her way we’ll all end up working for shells and beads.

trigon on March 18, 2013 at 1:35 PM

She is just so damn earnest whilst expressing her concern.

Evil fools like this HATE the poor, HATE minimum wage earners, HATE opportunity for them to move up in economic class.

I bet she pays her maids and lawncare people as little as possible.

Evil fools like warren getting elected to the US senate is an indicator that the electorate is ignorant and cynical.

tom daschle concerned on March 18, 2013 at 1:35 PM

Lets tie productivity to compensation.

Since Congress hasn’t produced anything of value in decades, their wage should be 0.

BobMbx on March 18, 2013 at 1:35 PM

Dear Ms. Warren,

The answer to your question is because we (as a nation) are not intelligent enough to keep shysters and frauds, such as people who pretend to be Native American psuedo-intelligentsia, from being elected to the Senate.

EB

EdmundBurke247 on March 18, 2013 at 1:35 PM

Why not raise the minimum wage to $100,000 an hour. Everybody could work an hour and take off the rest of the year?

IndieDogg on March 18, 2013 at 1:35 PM

Or hand everyone a $1T platinum coin?

BobMbx on March 18, 2013 at 1:36 PM

LET IT BURN ! Thiis ignorant woman is weapons grade stupid.

stormridercx4 on March 18, 2013 at 1:36 PM

$22 an hour!!!

That’s some HEAP BIG WAMPUM!

Pork-Chop on March 18, 2013 at 1:37 PM

Future headlines;

“Seniors retire from entry level jobs.”

antipc on March 18, 2013 at 1:37 PM

I bet she pays her maids and lawncare people as little as possible.

tom daschle concerned on March 18, 2013 at 1:35 PM

Blankets, glass beads, and whiskey. Good, honest compensation for the savages.

BobMbx on March 18, 2013 at 1:38 PM

Heap big wampum! Ugh!

profitsbeard on March 18, 2013 at 1:38 PM

Where’s bayam with some of that half-vast libtard economics logic?

dentarthurdent on March 18, 2013 at 1:38 PM

Let’s be fair. Why should a neurosurgeon make any more than a teenager flippin’ burgers?

iceman1960 on March 18, 2013 at 1:30 PM

Back when I was in college… when there were still a few good instructors around, my ceramics intructor visited the Soviet Union. He came back just ridiculing communism. I remember one thing he said.. he visited a power plant and discovered that the man who swept the floor made nearly the same amount of money as the guy who supervised the whole plant. And no one got paid much of anything.

It was customary for people to always walk around with cloth bags too. The purpose was you never knew when some small amount of bread or meat would suddenly arrive at the grocery store. So you always had to be prepared to run to the store and buy food. The shelves were never stocked. The food came in.. the mob hit the stores and the food would run out. That was how they lived.

JellyToast on March 18, 2013 at 1:38 PM

If minimum wage were tied to productivity, Congress would be making $2 per hour.

MichaelGabriel on March 18, 2013 at 1:39 PM

If such a bill passes…

McDonald’s Worker: “Woohoo! I’m gonna git me some $22 per hour now! Huh? What’s this pink slip for?”

The Rogue Tomato on March 18, 2013 at 1:40 PM

Make every taxpayer pay into a Minimum Wage Solidarity Fund, and create another multi-trillion dollar ponzi scheme.

That was easy.

OhEssYouCowboys on March 18, 2013 at 1:40 PM

From the National Review comments, maybe we can start a list of things that have changed due to minimum wage:

*No more produce clerk who weighed, bagged and tagged your selection
*Less full service lanes, more self checkout
*Full Service gas stations
*More self-service drink stations
*25-30% teenage unemployment
*5 cent hamburger now costs 99 cents

….

LoganSix on March 18, 2013 at 1:40 PM

Why stop at $22? Make it an even $100.

Make it $250/hr and a federally mandated and guaranteed:

30 hour workweek,
90 days sick and 8 weeks vacation per year,
200% annual salary paid by employers to one’s retirement account,
100% no deductables medical plan,
and eligibility for retirement after 15 years service or 40th birthday,
just to settle the matter once and for all.

hawkeye54 on March 18, 2013 at 1:41 PM

She is one of the dumbest “smart” people out there. Productivity is how many units of work than can be accomplished over a given period of time. Therefore a factory worker producing 100 widgets in 1 hour is twice as productive as a factory worker producing 50 widgets in an hour. Why is a worker able to produce twice as many widgets in a hour is the key to understanding productivity and the gains in productivity. Because an overall economy is more productive year over year does not mean that every job in that economy is more productive. Computer, automation, the internet have resulted in huge gains in productivity. These gains have not allowed a burger flipper to become more productive at flipping burgers but has allowed the manager to be more productive in managing the restaurant. Most of the minimum wage jobs have not become more productive because of their very nature. Stupid “smart” people pandering to stupid “dumb” people.

turbeda on March 18, 2013 at 1:41 PM

If minimum wage were tied to productivity, Congress would be making $2paying every taxpayer $10,000 per hour.

FIFY

hawkeye54 on March 18, 2013 at 1:42 PM

Hey, whaddaya suppose the ‘productivity value’ is of the 50% of America that pays no income tax?

ghostwalker1 on March 18, 2013 at 1:42 PM

What does Warren pay her staff and domestic help?

Just wond’ring aloud . . .

Adjoran on March 18, 2013 at 1:43 PM

what happened to the other $14.75?

It’s the cost of not having China owning your ass.

J_Crater on March 18, 2013 at 1:44 PM

Remember who calls the shots in America, today:

Keep Obama In President

OhEssYouCowboys on March 18, 2013 at 1:44 PM

Why stop at $22? Make it an even $100.

vityas on March 18, 2013 at 1:24 PM

Because people would take those jobs and then there would be less unemployment benefits and food stamps stimulating the economy by magically turning $1 into $1.66.

forest on March 18, 2013 at 1:45 PM

Where’s bayam with some of that half-vast libtard economics logic?

dentarthurdent on March 18, 2013 at 1:38 PM

Or triple…

22044 on March 18, 2013 at 1:45 PM

The ‘unintended consequence’ of this measure would be to immediately spur an enormous wave of illegal immigration.

If minimum wage for legal employees went up to an eye watering $22/hr. anyone able to offer the same services for $15/hour… would get immediately hired….even if it meant ‘breaking the rules’ and ‘bending the law’ for employers to do it.

Should illegal aliens or employers fear the intervention of the authorities or even arrest and prosecution?

Don’t make me laugh. Look at the current state of affairs on illegal immigration and BOTH political parties and chambers of the congress bending over backward to accommodate, make exception to the law for, and give preferential treatment under the law to, illegal aliens and those who have employed them.

After a SECOND round of amnesty for all concerned… why should any illegal alien or employer bother themselves with a little thing like breaking the law in the future?

The precedent has been established. The law, when it comes to illegal aliens, illegal immigration, and illegally employing illegal aliens… means nothing.

thatsafactjack on March 18, 2013 at 1:45 PM

Let’s be fair. Why should a neurosurgeon make any more than a teenager flippin’ burgers?

iceman1960 on March 18, 2013 at 1:30 PM

Better yet to present to fauxcahontas – let’s make sure teenage burger flippers make as much as college professors.
I’d like to see the libtard’s response to that one.

dentarthurdent on March 18, 2013 at 1:46 PM

I looked up Mr. Dube. He’s this : http://freebeacon.com/mr-minimum-wage/

29Victor on March 18, 2013 at 1:47 PM

Hey Ms Dingbat, take a look at North Dakota and see why McD’s is starting at $15 per hour…then copy what they are doing in the other 49 states….yeah, I know, the horror of the words Oil & Exploration.

hillsoftx on March 18, 2013 at 1:48 PM

If she wants to base it on productivity then federal jobs should be in the negative.

ctmom on March 18, 2013 at 1:48 PM

When a liar interviews a liar they push the country into a ditch.

29Victor on March 18, 2013 at 1:48 PM

What does Warren pay her staff and domestic help?

Just wond’ring aloud . . .

Adjoran on March 18, 2013 at 1:43 PM

Fauxahontas pay staff in wampum!

pilamaye on March 18, 2013 at 1:49 PM

Was only a matter of time before the “fake Indian” would show her lack of judgement. A one termer on full display.

Amazingoly on March 18, 2013 at 1:51 PM

hillsoftx on March 18, 2013 at 1:48 PM

If it wasn’t so dagblamed cold in winter that lasts 6 months, I move up there!!

I can flip a burger for that! :-)

Scrumpy on March 18, 2013 at 1:51 PM

Your next WalMart greeter may look like Ed-209, kinda cool, and it would reduce shoplifting.

LincolntheHun on March 18, 2013 at 1:25 PM

And I can write the software for that bad boy.

dogsoldier on March 18, 2013 at 1:52 PM

Was only a matter of time before the “fake Indian” would show her lack of judgement. A one termer on full display.

Amazingoly on March 18, 2013 at 1:51 PM

I wouldn’t be so sure about that one term deal – Taxachusetts seems to like having these semi-functional idiots representing them. (Ted Kennedy, Bawny Fwank,…..)

dentarthurdent on March 18, 2013 at 1:52 PM

Why stop at $22? And, why not make banks pay 10% annual interest on a savings account, too? At 10%, the account holder’s money will double in seven years. Then government can come confiscate it.

Is there no idea that isn’t too stupid for a liberal? (rhetorical question here)

Liam on March 18, 2013 at 1:53 PM

What would we have to raise our prices to in order to pay our 15 year olds $22 an hour?
Never mind the Obama care crunch coming…..?
I agree
Let them BURN

Delsa on March 18, 2013 at 1:54 PM

A one termer on full display.

You’d like to think so, but since shes a lefty fem, along with being a compliant dem, she has the makings of a career Sen.

All on has to look at for comparison is another lefty fem from a blue state: Barbara Boxer.

hawkeye54 on March 18, 2013 at 1:54 PM

Better yet to present to fauxcahontas – let’s make sure teenage burger flippers make as much as college professors.
I’d like to see the libtard’s response to that one.

dentarthurdent on March 18, 2013 at 1:46 PM

“I’m a tenured drive-through cashier”

BobMbx on March 18, 2013 at 1:55 PM

If Congressional/Senatorial salaries were determined by “productivity”,
the Members would have to pay us – A LOT!

Another Drew on March 18, 2013 at 1:56 PM

Amongst many other things she ignores or glosses over is the fact that an average increase does not mean everything increased equally.

JadeNYU on March 18, 2013 at 1:57 PM

All on has to look at for comparison is another lefty fem from a blue state: Barbara Boxer.

hawkeye54 on March 18, 2013 at 1:54 PM

I thought you were going to say Bawny Fwank….

dentarthurdent on March 18, 2013 at 1:57 PM

$22/Hr will bring:

$9.95 loaf of Bread
$14.99 Gallon of Milk
$11.99 Dozen Eggs
$22.99 Bag of Sugar
$39.95 Lb. Ground Beef

This woman is insane.

portlandon on March 18, 2013 at 1:57 PM

This witch is from a Democrat strong hold and will be in that seat for life!
What a disgrace! I am ashamed of our government. Actually, I don’t think it is “ours” anymore.
We have lost it!

Delsa on March 18, 2013 at 1:57 PM

Elizabeth Warren: Hey, why isn’t the minimum wage $22/hour?

I dunno, maybe ObamaCare was already enough incentive for employers to use more robots and/or outsource jobs to China?

Marxism is for dummies on March 18, 2013 at 1:57 PM

Worker productivity is not a measure of wages nor will it ever be. It is like using gallons to measure distance. Productivity goes up inversely to the labor force. The greater productivity, the less one hires. This is a concept that seems to elude all liberals. Bill Clinton in particular seemed unable to recognize that his call for productivity increases culls labor. Increases in productivity reflect a demand for less labor. Increase the minimum wage and you will see a significant cut in employment as manufacturers move overseas (thus increasing the productivity of the remaining labor force) or by culling labor in favor of devices or by adopting a passive investment (shutting down the business).

pat on March 18, 2013 at 1:58 PM

“I’m a tenured drive-through cashier”

BobMbx on March 18, 2013 at 1:55 PM

But his cashier’s assistant actually does the work…..

dentarthurdent on March 18, 2013 at 1:58 PM

I can’t wait for the taxpayers to give me a cherry, 1970 426 Hemi Cuda – orange with a black, shaker hood.

Allow me to thank you all in advance. Really, thanks, everybody!

Ain’t this America somethin’!

OhEssYouCowboys on March 18, 2013 at 1:59 PM

Liz Warren is a real dope. I just cannot understand how she got elected.

LincolntheHun on March 18, 2013 at 1:25 PM

A further thought on that. A completely automated store would not need shoplifting protection. Product selection would be performed from catalog terminals or over the internet and pickup at a centralized check out.

In the back a completely automated product picker similar in many respects to the cart robots used by the networks a few years ago to setup their programming. I saw a very large example of a system like this last year.

Each store might need two human monitors per shift.

dogsoldier on March 18, 2013 at 1:59 PM

Ohh, another academic falling victim to the assumptions of the linear regression model — assuming every observable phenomenon can be fit to a constant line.

And yes, I work in academia, I see it almost daily.

KellyBomelly on March 18, 2013 at 1:59 PM

$22/Hr will bring:

$9.95 loaf of Bread
$14.99 Gallon of Milk
$11.99 Dozen Eggs
$22.99 Bag of Sugar
$39.95 Lb. Ground Beef

This woman is insane.

portlandon on March 18, 2013 at 1:57 PM

Unless Obama issues an EO freezing or capping prices like Nixon did years ago with both wages and prices, in a failed play to curb inflation.

Liam on March 18, 2013 at 1:59 PM

I thought you were going to say Bawny Fwank….

ah yes, a faux-fem :) I was sticking purely within the Senate.

hawkeye54 on March 18, 2013 at 2:00 PM

$9.95 loaf of Bread
$14.99 Gallon of Milk
$11.99 Dozen Eggs
$22.99 Bag of Sugar
$39.95 Lb. Ground Beef

Ya know, the way things are going, we’re likely to see those prices before we see anything close to a $22/hr min wage. Just sayin’.

hawkeye54 on March 18, 2013 at 2:01 PM

Ms. Warren, here are pictures of my employees. In order to raise their salary to the level you ask for, 25% have to be fired and the remaining have to work harder in the same period of time.

Please help me. Who do I fire? Pick the ones from these photos.

kurtzz3 on March 18, 2013 at 2:01 PM

A one termer on full display.

Amazingoly on March 18, 2013 at 1:51 PM

I don’t know. I think she has a strong chance to be the democrat nominee in 2016. Not possible to over-estimate her appeal on the hard Left. She’s a rock star — the real deal to them where Hillary is a hack sell-out. If economy goes to rack and ruin, she will be their class-warfare Athena. And it WILL be all-out war.

rrpjr on March 18, 2013 at 2:01 PM

ah yes, a faux-fem :) I was sticking purely within the Senate.

hawkeye54 on March 18, 2013 at 2:00 PM

Oh well, ok. Bawny does fit the west of the descwiption though…

dentarthurdent on March 18, 2013 at 2:02 PM

If Warren is representative of the intellectual genius of the people of MA, then all the mental giants no longer live in MA or frequent it.

You folks in MA should be ashamed of yourselves for electing such a clueless hoax you have perpetrated on the rest of the country.

belad on March 18, 2013 at 2:03 PM

There are, you know, completely automated fab lines for making printed circuit boards, which are vastly more complex than say a MacDonalds Quarter Pounder or and Angus Swiss and Mushroom burger.

I can imagine tapping out my order on my iPad X and driving up to the McD’s Kiosk in the parking lot. Yeah I see a lot of capitalist creativity happening if the socialists keep pushing their crazy ideas.

dogsoldier on March 18, 2013 at 2:04 PM

Hey, why isn’t the minimum wage $22/hour?

Because most other Democratic legislators aren’t as flamingly stupid as you?

So, my question, Mr. Dube, is what happened to the other $14.75?

It got redistributed to all those welfare recipients.

Egad, it’s so irritating that this stuff even sees the light of day. You know that the people who work on papers that tout this sort of thing know that it doesn’t work that way. But they put it out anyway, enabling looters like Lieawatha to blather about how we’re just not doing enough.

GWB on March 18, 2013 at 2:04 PM

You folks in MA should be ashamed of yourselves for electing such a clueless hoax you have perpetrated on the rest of the country.

belad on March 18, 2013 at 2:03 PM

I hope she keeps this up all the way to the next election.
Advertising bonanza for the Republicans.

Too bad Ted Cruz wasn’t in the room to have at her….

dentarthurdent on March 18, 2013 at 2:05 PM

Ohh, another academic falling victim to the assumptions of the linear regression model — assuming every observable phenomenon can be fit to a constant line.

KellyBomelly on March 18, 2013 at 1:59 PM

When you are talking about Elizabeth Warren, the term “academic” is used in the loosest possible terms- meaning she worked for a college. It has been well documented that her employment was more related to her native-American heritage than any discernible ability as an academic.

Happy Nomad on March 18, 2013 at 2:05 PM

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