Billionaire Charles Koch, sage to the Tory right in the UK and provider of support to just about every tea party-esque group (including, obviously, the Tea Party) in the US, wants to eliminate the minimum wage because it creates a “culture of dependency” and he says that it prevents people with limited capital from starting their own business.
To comply with copyright restrictions in order to watch the clip you need to type or copy and paste the password: imincorrigible
Video © Comedy Central
If the Vimeo clip is not working you can watch Colbert on the minimum wage HERE
As ever, he’s talking nonsense. The truth is that he wants to pay his employees less; as do many of the global corporations like Apple, Starbucks and McDonald’s . There is no philosophical or intellectual underpinning to this limiting of wages for the lowest paid. Just greed.
The less they pay the staff the more that they can take home in bonuses at the end of the year. Simples.
Stephen Colbert helps out Koch with a few interesting ideas and shares some of his own McWisdom as he examines the motivations of the helpful numpties from McDonald’s when they came up with their budgeting journal website rather than, say, a pay rise.
The McDonald’s Budget: Could You Feed Your Family on This Wage (or yourself!)?
Video: © Comedy Central