Elizabeth Warren displays her academic stupidity in this friendly exchange with a fellow academic.

Updated for content:  Elizabeth Warren is the perfect example of an academic who believes that data is all one needs to correctly and wisely determine what is right and wrong for the workers of America as they struggle to make a living in our society. She lied her way into Harvard and won an election in which the voting demographic was so partisan,  they did not care about her proven distortions.  She has never worked a serious, public sector job,  in her life,  and joins Obama's horde of advisers and partners in the quest for restructuring this great nation.  

In the video, she is concerned about a living wage for the "workers of America."  She posits that if  "we" had increased the minimum wage commensurate with the increase in national productivity,  since the 1960’s,  that wage would be somewhere around $22.75 per hour. 

Further,  she posits that a raise in federally required wage minimums,  to $10.10 per  hour over the course of three years,  would only add 4 cents to a McDonald’s meal costing   $7.19.  Her point?    “We”  (she includes herself in reference to the business community) can certainly absorb such increases. 

The entire video discussion is about Warren dealing with increases in the fast food industry and the mutten-head on the opening screen,  agreeing with her.  

She does not care that a minimum wage of 10.10 per hour,  effects different industries,  differently. In fact,  she ignores the comments of a restaurant association representative/owner trying to point out that McDonalds is better suit for a minimum wage increase than other businesses.  She has no clue as to the fact that a three dollar raise in hourly  wages,  translates into  6 dollars per hour, to a building contractor,  when workman’s comp is figured,  when insurances based on total wages is figured, when liability insurance is recalculated, and when benefit packages are refigured.   

More than that,  she is talking about a minimum wage,  originally designed as a safety net,  not as a guaranteed "living wage."  To keep qualified people on the payroll,  wages well above the minimums must be paid.  

At any rate,  her approach to justifying wage increases is laughable and incomptent,  all at the same time.