CEO says ‘mentally retarded’ could work for $2: ‘You’re worth what you’re worth’

[Gracie]

I can't count the times I went to Carl's Jr or Wendy's and a downs syndrome employee took my order. Polite, no repeats necessary, FAST, helpful, kind. If I could have a dozen of them over one asshole, gimme TWO dozen.

 

[Luddly Neddite]

What kind of stupid question is this ALERT^^

It was your hero who said that kids should be cleaning toilets at their schools.

Oh wait. I forgot I was talking to rc (not)christian who never knows wtf he's yammering about.

Never mind.

 

[Luddly Neddite]

I can't count the times I went to Carl's Jr or Wendy's and a downs syndrome employee took my order. Polite, no repeats necessary, FAST, helpful, kind. If I could have a dozen of them over one asshole, gimme TWO dozen.

I don't eat at those places but yes, I agree that people of all levels of intelligence can hold down paying jobs and they should be paid for the work they do.

And, saying that teens or others should be paid less for the same job as a 30yo is odious, to say the least.

 

[R.C. Christian]

What kind of stupid question is this ALERT^^

It was your hero who said that kids should be cleaning toilets at their schools.

Oh wait. I forgot I was talking to rc (not)christian who never knows wtf he's yammering about.

Never mind.

I must have missed something here. I don't have any "heroes".

 

[Katzndogz]

There is nothing wrong with kids cleaning toilets at school.

 

[JOSweetHeart]

May the Lord have special plans in store for that CEO person if they are not sorry for being so hurtful.

God bless you and the mental challenged always!!!

Holly

P.S. I have a cousin who is in that group of people and she will be 45 this year.

 

[Quantum Windbag]

CEO tells Daily Show ?mentally retarded? could work for $2: ?You?re worth what you?re worth? | The Raw Story


Another out of touch high class person spewing shit.

He's right about a few things, but also is out of touch with ALOT of other things.

1. The CEO of Euro Pacific Capital argued that government programs, not low wages, were trapping Americans in poverty, and claimed that paying workers twice as much would double the cost of some goods – such as fast-food hamburgers.

Well, Mr. CEO. That's simply not true. Low wages are whats keeping people in poverty. Walmart? Mc Donalds? Any of those ringing a bell?
I have a solution for that. Bill the employers what their employees are using up through government subsidies and throw people like yourself in the slammer if you don't cough up.

Also, prices wouldn't be risen more than 1 1/2 at the most. You know why? Because their wage had little to do with your "prices". A $2-$3 addition wouldn't bare significant impact on your products, and demand would go up because people would have MONEY.

“Did you ever go into a McDonald’s or Burger King?” he said. “I don’t really eat there, but they don’t seem desperate and hungry to me. They’re young kids, they seem to be enjoying themselves mostly.”

Way to contradict yourself there, Mr. CEO.
You don't eat or visit those places, but you happen to know all about their employees and how things are run.

"Kids enjoying themselves" happens to be 16-40 year olds trying to make some money to support themselves. You know, on EBT and wellfare? Maybe a few live in with family, but thats probably because they have nowhere else to go since they can't support themselves.

Schiff argued that eliminating the minimum wage law would allow more people entry to the workforce, and Bee asked him to identify someone whose work might be worth just $2 an hour.

“You know someone that might be? Maybe someone who is – what’s the politically correct word, you know, for mentally retarded,” Schiff said. “I believe in the principles this country was founded on.”

“I’m not going to say that we’re all created equal,” he said. “You’re worth what you’re worth.”

Can we just force this guy to work in chinese labor for pennies on the Yuan?
Preferably a foxconn job or something with forced labor.


Do YOU, the average class citizen want to be working for $5 or less an hour, with an extremely hostile work environment that will do what they please on a whim because there are no laws or rules protecting you?

Let me guess, you think a comedy show made a point here.

They did, but it wasn't the one you think.

 

[Zander]

Peter Schiff is calling bullshit.

Anyway, they taped over 4 hours with Schiff and used 45 seconds. Some people really enjoy being mislead by television shows .....

Of the more than four hours of taped discussion I conducted, the producers chose to only use about 75 seconds of my comments. Of those, my use of the words “mentally retarded” (when Samantha Bee asked me who might be willing to work for $2 per hour – a figure she suggested) has come to define the entire interview. Although I had no intention of offending anyone, I just couldn’t remember the politically correct term currently in use (it is “intellectually disabled”). Assuming she knew it, Bee could have prompted me with the correct term, but she chose not to. By including those comments in the final package, “The Daily Show” proved that they did not care who they offended, as long as they could make me look bad in the process. The volume of hate mail I have received in the show’s aftermath confirms their success on that front.

When asked the $2 per hour question, I responded that very few individuals would take a job at that pay, even if it were legal. In a free market, businesses compete for customers by keeping prices down, and for labor by keeping wages up. Any employer offering even low-skilled workers just $2 per hour would be outbid by others offering to pay more.

However I did suggest two groups of people who might be willing to work for $2 per hour. The first group — which was edited out — was the unpaid interns who tend to value work experience and connections more than pay. (In fact, “The Daily Show” staffer who booked me, and who was present during the interview, had been thrilled to start there as an unpaid intern). Since many interns work for free, $2 per hour would be an improvement. Some interns are even willing to pay to work. Since employers are afraid to hire them without pay for fear of violating labor laws or inviting lawsuits, they often hire young people working for college credit. These individuals are forced to pay college tuition to get a job they could have had for free had there been no minimum wage.

The other group was the intellectually disabled, who are in fact already exempt from the current minimum wage law by federal regulation. Although many have taken my support for this exemption as some sort of advocacy for modern slavery, I offered good reasons for the rule. While saying nothing about any person’s value as an individual or a human being, it is undeniable that the intellectually disabled have, in general, fewer marketable skills than the general population. Anyone arguing otherwise is just speaking from emotion. If an intellectually disabled person can’t perform work that produces a minimum wage level of output, then no employer seeking to make a profit could afford to pay that person the official minimum wage.

I further explained that since such individuals typically live with their parents or other caretakers, they are not working to support themselves or anyone else. They are working for the self-esteem associated with having a job — the pride of working and making a contribution. Many of the jobs they perform may seem mundane to those of normal intelligence, but they are often the most enjoyable and rewarding aspects of the lives of people with intellectual disabilities. I pointed out that if the federal minimum wages were to apply to them, a great many of those opportunities would vanish. Others may disagree, but I believe a job for such a person at $2 per hour is better than no job at all.

Businesses are not charities, and employers are not in business to lose money. If they do not make a profit, they go out of business — and all of their employees lose their jobs. Of course, for “The Daily Show,” all of that boiled down to my comment that “you are worth what you’re worth,” which left the impression I believe some people have little or no value.

http://www.marketoracle.co.uk/Article44232.html

 

[waltky]

How CEO's fared in 2013...

CEO pay: biggest raises and biggest cuts of 2013
May 27,`14 -- Here's a look at the CEOs who received the biggest raises and the biggest pay cuts in 2013 compared with 2012, as calculated by the executive pay research firm Equilar and The Associated Press.

Whose pay rose the most:

1. Rodney Sacks, Monster Beverage, $6.2 million, up 679 percent

2. Stephen Kaufer, TripAdvisor, $39 million, up 510 percent

3. Sandeep Mathrani, General Growth Properties, $22.1 million, up 424 percent

4. Richard Adkerson, Freeport McMoRan Copper & Gold, $55.3 million, up 294 percent

5. Anthony Petrello, Nabors Industries, $68.3 million, up 246 percent

Whose pay fell the most:

1. Willard Oberton, Fastenal, $794,761, down 79 percent

2. Stephen Chazen, Occidental Petroleum, $6.9 million, down 76 percent

3. Michael Duke, Wal-Mart, $5.6 million, down 73 percent

4. John Richels, Devon Energy, $3.7 million, down 71 percent

5. Mark Zuckerberg, Facebook, $653,165, down 67 percent(asterisk)

(asterisk)Zuckerberg elected to take a symbolic $1 salary in 2013, down from $503,205 in 2012.

AP Newswire | Stars and Stripes