1. Chart of the Day. Hillary Clinton’s speaking fee (give or take $100,000) is more than the average CEO salary in the US last year, and more per hour than even the highest paid CEOs in the US. Together, the Clintons’ income was at least $136.5 million from 2001 to 2012 – $11.4 million per year on average — and ironically about the same compensation received by America’s 350 highest-paid CEOs that is used by the AFL-CIO t0 calculate its CEO-to-worker pay ratio of 331-to-1. And yet Hillary has the audacity to claim that CEOs are overpaid (see news reports here and here)?
2. Memo to Fast Food Workers: You Don’t Deserve $15 an Hour to Flip Burgers, from Matt Walsh:
It’s come to my attention that many of you, supposedly in 230 cities across the country, are walking out of your jobs and protesting for $15 an hour. You earnestly believe — indeed, you’ve been led to this conclusion by pandering politicians and liberal pundits who possess neither the slightest grasp of the basic rules of economics nor even the faintest hint of integrity — that your entry-level gig pushing buttons on a cash register at Taco Bell ought to earn you double the current federal minimum wage.
I want to talk to those of you who actually consider yourselves entitled to close to a $29,000 a year full-time salary for doing a job that requires no skill, no expertise and no education; those who think a fry cook ought to earn an entry-level income similar to a dental assistant; those who insist the guy putting the lettuce on my Big Mac ought to make more than the emergency medical technician who saves lives for a living; those who believe you should automatically be able to “live comfortably,” as if “comfort” is a human right.
3. Wisconsin’s Shame: Disturbing Home Invasions by the Government, in National Review:
For dozens of conservatives, the years since Scott Walker’s first election as governor of Wisconsin transformed the state into a place where conservatives have faced early-morning raids, multi-year secretive criminal investigations, slanderous and selective leaks to sympathetic media, and intrusive electronic snooping.
4. Markets in Everything: “Heal” Wants To Be the ‘Uber’ for Doctors Making House Calls, via TechCrunch.
5. Why do Progressives/Liberals Hate Uber So Much? After all, it helps average people earn extra money without having to buy a $1 million taxi medallion, and helps average people save money with a consumer-friendly service, and yet here’s an example of Slate slamming Uber? Do progressive hate Uber because it’s a market-solution instead of a government solution? Because it empowers the average person? It’s hard to figure out why so many liberals hate Uber.
6. Saudi Arabia’s Biggest Fear? It’s not “peak oil,” it’s “peak demand.”
7. Heather Mac Donald explains in Time, why it’s time to shut down the costly higher education diversity bureaucracy and allow faculty to hire on merit alone.
8. Classic Milton Friedman: Writing in the New York Times magazine in 1970, Professor Friedman observed that the social responsibility of business does not differ in philosophy from the most explicitly collectivist doctrine, and is therefore a “fundamentally subversive doctrine.”
9. Who Would Complain that an Arkansas Dentist’s Prices Are too Low? You can probably guess, find out here.
10. Video of the Day. Find out how every company in America can save 23% on wages in the video below.
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