Top Leaderboard, Site wide
Truthdig: Drilling Beneath the Headlines
February 24, 2017 Disclaimer: Please read.
x

Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.






The Other 43 Percent
What We Do Now

Truthdig Bazaar
Mixed Race 3.0: Risk and Reward in the Digital Age

Mixed Race 3.0: Risk and Reward in the Digital Age

Ulli K. Ryder and Marcia Alesan Dawkins
$4.49

more items

 
A/V Booth
Email this item Print this item

Elizabeth Warren Debunks GOP Talking Points on Minimum Wage

Posted on Mar 18, 2013
Screenshot

Sen. Elizabeth Warren, D-Mass., continues her crusade against big financial institutions and businesses, this time tearing apart an argument by a restaurant owner who testified before a Senate panel Thursday that raising the minimum wage would force businesses like his to fire employees. Much like former Labor Secretary Robert Reich did in this video, Warren dismantled that popular right-wing talking point on why the minimum wage should not be increased.

When Warren pointed out during the hearing that McDonald’s could raise its wages to $10.10 an hour simply by increasing the cost of its meals 4 cents, David Rutigliano tried to argue that his full service restaurant doesn’t run the same way.

“McDonald’s has efficiencies and they operate completely differently than I do. I have many jobs, many jobs that pay well above minimum wage,” Rutigliano said. “We have a retirement plan. We offer health insurance to our salaried employees. So my business is a little different. I can’t raise a 4 cent price. I mean I don’t have, I don’t operate like a fast food restaurant. I would hope you appreciate the distinction.”

But Warren wasn’t having any of that. “I do appreciate the distinction and I’m not going to be in the business of being a McDonald’s representative but they would talk about having some higher paid jobs and some opportunities for management and advancement as well,” she responded. “But I get your point, maybe it’s only 4 cents on $7.19. But if your entrees are $14.40 we’ll see how fast I can do the math—are you telling me you can’t raise your prices by 8 cents?”

Warren also noted that wages have not been keeping up with productivity, and if they had, the minimum wage would be about $22 today. That’s $14.75 higher than the actual federal minimum wage.

(h/t BoldProgressives

—Posted by Tracy Bloom.

 

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Join the conversation

Load Comments
Right Top, Site wide - Care2
 
Right 3, Site wide - Exposure Dynamics
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide

Like Truthdig on Facebook