Wednesday, October 2, 2013

Elizabeth Warren Schools a Restaurant CEO on the Actual Effects of a Minimum Wage Hike

I haven't seen a takedown like this in a congressional hearing in a very long time. She breaks down the basic mathematics of the situation and makes it painfully clear that the actual increases in food prices at restaurants would be almost zero compared to the doomsday scenarios put forward by CEO's like this one who don't want to see any increase in the minimum wage.

No comments: