Our Economy Is Being Killed By Employers Who Can’t Do Arithmetic?

Back in the late sixties, a typical minimum wage worker would have a high school degree or less. Now, according to Friedman, we have CEO’s who think that they can get highly skilled workers at the some productivity adjusted wage as someone who would have had limited literacy and numeracy skills 45 years ago. If we applied the same standard to doctors, they would be averaging around $100,000 a year today instead of around $250,000.

via Thomas Friedman Says That Our Economy Is Being Killed By Employers Who Cant Do Arithmetic | Beat the Press.