Warren thinks 22 bucks is fine for a minimum wage, but will start with $10.20 and go from there. She has no clue what business "profits" fund and is not asking.

It is hard to believe that the people of Massachusetts would have so little commonsense or disregard for moral character as to elect Elizabeth Warren to any position of leadership.  This is a woman who literally lied her way into Harvard,  and has qualified herself to speak on business issue by avoiding hard labor in the private sector business community.  She knows nothing but what she has learned as academic theory and from reading Marx and Engels.  As a freshman Senator,  she recently made these statements concerning minimum wage levels:

"'If we started in 1960, and we said [that] as productivity goes up...then the minimum wage was going to go up the same...if that were the case, the minimum wage today would be about $22 an hour,' the senator said."   . . . . . .  "The current minimum wage is $7.25 per hour. 'What happened to the other $14.75?' 'It sure didn't go to the worker.'"

She went on to claim that the cost of a seven dollar meal at McDonalds,  would increase just four cents if we instituted a minimum wage of $10.20 over the course of the next three years.  (Obama campaigned on an 11 dollar minimum wage back in 2008,  but has not mentioned this bit of political stupidity since  -  not even once in a serious way). 

In answer to her question, “What happened to the other $14.75,”  it went to fund the salaries of the remaining skilled labor force,  a collective that demands far more than minimum wage.  It went to pay the increased employment taxes,  when wages are increased.  It went to sustain increased health care costs demanded by the government and the three trillion per year the business community has to pay for regulatory compliance.  It went to cover litigation insurance costs and judgments.  We should not forget the benefit packages of the full time and skilled labor force and the increased costs of those packages.  What about vacation pay and pregnancy pay,  and forced sensitivity forums?  Then there is the rising costs of inventory and the demand to reward business owners and inventors and patent owners  -  a class of labor Ms Sitting Full of Bull Warren despises.   

Warren believes the whole world is about the unskilled labor force working at McDonalds,  a labor collective that moves out of “minimum wage” limitations precisely because of “minimum wage.”  Want more money?  Learn a trade !!  It is that simple. 

Warren’s own philosophy works against her "concerned" pretense.  When you pile on regulation over regulation,  when you demand less time spent in labor for higher wages,  when you demand a free ride for those who do not work but live off the profits of the business community,  what happens?  Business’s hire more and more part time labor,  work fewer people over-all,  reduce benefit packages and often go broke.  That is the world the Marxist Warrens of this world are creating right before our eyes.