Mitt Romney's Chance To Create Some Jobs

A blog about business and economics.
Dec. 2 2012 4:45 PM

Mitt Romney's Chance To Create Some Jobs

157161651
WASHINGTON - NOVEMBER 29: In this handout from the White House, Former Republican presidential candiate and Massachusetts Gov. Mitt Romney (L) shakes hands with U.S. President Barack Obama in the Oval Office following their lunch November 29, 2012 in Washington, DC.

Photo by Pete Souza/White House Photo via Getty Images

Mitt Romney's been running for president more or less constantly since some time in 2006, and Philip Rucker reports that he's having some difficulty adjusting to the life of the ordinary mult-millionaire. For example, "there’s no aide to make his peanut-butter-and-honey sandwiches."

But why doesn't Romney just hire someone to do this? Mitt Romney had a $13,696,951 income in 2011 and he didn't even work. He's so rich, he can count on over $10 million in annual income just from what his investments accrue. He just needs to drive 15-20 minutes inland from La Jolla and get to the nearest Walmart where employees are averaging less than $9 an hour in wages. For about $87,000 Romney could offer $10 an hour to a team of people to sit around the hous 24 hour a day, 7 days a week, 52 weeks a year ready to make a sandwich if Romney wants one. Is that a lot of money to spend on sandwich servants? Yes it is. But we are talking less than one percent of Romney's annual income here. And, heck, realistically Romey could probably get the team to learn to make some other sandwiches or even perform other household chores.

Advertisement

Rich guys are supposed to be big-time job creators, but it only works if they actually step up and create some jobs.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

War Stories

The Right Target

Why Obama’s airstrikes against ISIS may be more effective than people expect.

The One National Holiday Republicans Hope You Forget

It’s Legal for Obama to Bomb Syria Because He Says It Is

I Stand With Emma Watson on Women’s Rights

Even though I know I’m going to get flak for it.

Should You Recline Your Seat? Two Economists Weigh In.

Doublex

It Is Very, Very Stupid to Compare Hope Solo to Ray Rice

Or, why it is very, very stupid to compare Hope Solo to Ray Rice.

Building a Better Workplace

In Defense of HR

Startups and small businesses shouldn’t skip over a human resources department.

Why Is This Mother in Prison for Helping Her Daughter Get an Abortion?

Politico Wonders Why Gabby Giffords Is So “Ruthless” on Gun Control

Behold
Sept. 23 2014 4:45 PM An Up-Close Look at the U.S.–Mexico Border
  News & Politics
Foreigners
Sept. 23 2014 6:40 PM Coalition of the Presentable Don’t believe the official version. Meet America’s real allies in the fight against ISIS.
  Business
Moneybox
Sept. 23 2014 2:08 PM Home Depot’s Former Lead Security Engineer Had a Legacy of Sabotage
  Life
Outward
Sept. 23 2014 1:57 PM Would a Second Sarkozy Presidency End Marriage Equality in France?
  Double X
The XX Factor
Sept. 23 2014 2:32 PM Politico Asks: Why Is Gabby Giffords So “Ruthless” on Gun Control?
  Slate Plus
Political Gabfest
Sept. 23 2014 3:04 PM Chicago Gabfest How to get your tickets before anyone else.
  Arts
Brow Beat
Sept. 23 2014 8:38 PM “No One in This World” Is One of Kutiman’s Best, Most Impressive Songs
  Technology
Future Tense
Sept. 23 2014 5:36 PM This Climate Change Poem Moved World Leaders to Tears Today
  Health & Science
Science
Sept. 23 2014 4:33 PM Who Deserves Those 4 Inches of Airplane Seat Space? An investigation into the economics of reclining.
  Sports
Sports Nut
Sept. 23 2014 7:27 PM You’re Fired, Roger Goodell If the commissioner gets the ax, the NFL would still need a better justice system. What would that look like?