https://www.yahoo.com/news/nearly-choked-coffee-fox-news-201830195.html

https://www.huffpost.com/entry/jesse-watters-math-backfires_n_661ced3ce4b0f709554b39b4

Actually it may just be that he doesn’t want to. In his job as a “Newsman,” he wanted to overstate the effect of the $20 an hour California has mandated for fast food workers in some sectors. So, he implied that a single worker would make a 100,000 dollars a year on that salary. Surprisingly there was someone there who correctly stated the actual income.

So, he than claimed that a couple working fast food would earn a 100,000 dollars a year, only to once again be corrected.. Watters found the real figure of 40,000 dollars to be horribly unfair. I’m less sure about this. Let me quote a paragraph from the article:

Someone making $40,000 a year in California brings home about $32,000 after taxes, or about $2,666 a month. Meanwhile, according to Zillow, the state’s median rent sits at $2,790 a month. 

While he may believe that these workers are living lives of unearned luxury, the dollars amounts seem much less impressive against the cost of living and taxes.

Middle and lower class wages have been stagnant for about thirty-five years and the current minimum wage is pitiful. Yet, Watters and Fox News wants to portray these workers as the undeserving while portraying the owners of these huge chains as poor victims of state overreach. But the industry has been recording record profits over the last several years.

I think what the financial press is troubled most by is the empowerment and electoral clout of these workers being effective. In the past wage increases, like those in Washington State have not proven to be the disastert predicted.

And the simple fact is – paying working American a decent salary is a key element of economic growth and simple fairness.

James Alan Pilant