“Unemployment is supposed to be wage replacement,” the Treasury secretary told ABC’s Martha Raddatz. “So it should be tied to some percentage of wages.”
“We want to fix the issue where in some cases people are overpaid,” he continued. “And we want to make sure there’s the right incentives.”
“Do you do think it’s a disincentive to find a job if you have that extra $600?” Raddatz asked.
“There’s no question,” Mnuchin replied. “In certain cases, where we’re paying people more to stay home than to work, that’s created issues in the entire economy.”
Raddatz interrupted by pointing out a Yale study which found that there is no evidence that the $600 weekly payment is a disincentive to return to work.
“I went to Yale,” Mnuchin replied. “There are certain things, I don’t always agree.”
As RMJ points out, "Most people trying to survive on $600.00 a week never darkened the campus of Yale. Asshole".
So many points to be made, one being the one so many affluent jerks, especially the kind who went to Ivy and the equivalent of it, that people can't live on the official minimum wage - the obvious thing that the Mnuchin's fear is that the plebs who have to will find out what it's like to not have to live a life of employed poverty and refuse to put up with that anymore, forcing wages up. That's probably the reason that the ultra rich and trashy worry about the minimum wage level workers when they don't express such worries about the merely mid-range affluent, so far below the Mnuchin levels of wealth, being given far higher levels of financial benefit from the government. And they are, regularly.
Mnuchin is vile and he plays the part by making himself ever viler, though we don't seem to hear much of that from his wife these days. I am hoping that he is prosecuted for any and all crimes he committed as a part of the most blatantly criminal presidential regime if Democrats take control. And we are being ruled by a regime, not an administration. Crooks don't administer anything, they steal everything they can manage to.
I'd not known about Mnuchin's adventures as a Hollywood financier, apparently mostly of superhero movies. I'd ask why that doesn't surprise me but the answer is obvious. I should expect lots of that lot to have Hollywood connections, the combination Rome and Jerusalem and Mecca of American Mammonism.
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