Thom Hartmann: A Tale of Two Minimum Wages in America

[thomhartmann]

Run time: 07:29 https://www.youtube.com/watch?v=PQRqHa5UKBM   Posted on YouTube: June 02, 2011 By YouTube Member: TheBigPictureRT Views on YouTube: 43   Posted on DU: June 02, 2011 By DU Member: thomhartmann Views on DU: 660

 
There are two minimum wages in America. There’s one for working men and women
that’s roughly seven or eight dollars an hour depending on what state you live
in. And then there’s one for corporate executives that’s about $11 million a
year including stock options and bonuses.

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[texshelters]

1. It's good to see

that Thom is doing well.

Peace,
Tex Shelters

[TrollBuster9090]

2. I seriously regret that I can only give this video ONE thumbs up.

However, the $11 000 000 executive minimum wage and the $6/hr regular person minimum wage are not just quantitatively different. I can see at least two qualitative differences.

1. The lower paying jobs tend to be a hell of a lot harder, and the higher up the pay scale you go the easier the jobs tend to get. and,

2. If the $6/hr guy does a bad job, his ass gets fired. If the $11 000 000 guy does a REALLY bad job (ie-bankrupts the company and crashes the world economy, requiring massive govt. intervention), he gets an even BIGGER bonus.