Mitt Romney's Chance To Create Some Jobs

Moneybox
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

Technocracy

Forget Oculus Rift

This $25 cardboard box turns your phone into an incredibly fun virtual reality experience.

The Congressional Republican Digging Through Scientists’ Grant Proposals

Renée Zellweger’s New Face Is Too Real

Sleater-Kinney Was Once America’s Best Rock Band

Can it be again?

Whole Foods Is Desperate for Customers to Feel Warm and Fuzzy Again

The XX Factor

I’m 25. I Have $250.03.

My doctors want me to freeze my eggs.

The XX Factor
Oct. 20 2014 6:17 PM I’m 25. I Have $250.03. My doctors want me to freeze my eggs.
Politics

Smash and Grab

Will competitive Senate contests in Kansas and South Dakota lead to more late-breaking races in future elections?

George Tiller’s Murderer Threatens Another Abortion Provider, Claims Free Speech

These Companies in Japan Are More Than 1,000 Years Old

  News & Politics
The World
Oct. 21 2014 3:13 PM Why Countries Make Human Rights Pledges They Have No Intention of Honoring
  Business
Moneybox
Oct. 21 2014 4:33 PM Walmart Is Killing the Rest of Corporate America in Solar Power Adoption
  Life
The Vault
Oct. 21 2014 2:23 PM A Data-Packed Map of American Immigration in 1903
  Double X
The XX Factor
Oct. 21 2014 3:03 PM Renée Zellweger’s New Face Is Too Real
  Slate Plus
Behind the Scenes
Oct. 21 2014 1:02 PM Where Are Slate Plus Members From? This Weird Cartogram Explains. A weird-looking cartogram of Slate Plus memberships by state.
  Arts
Brow Beat
Oct. 21 2014 1:47 PM The Best Way to Fry an Egg
  Technology
Future Tense
Oct. 21 2014 4:14 PM Planet Money Uncovers One Surprising Reason the Internet Is Sexist
  Health & Science
Climate Desk
Oct. 21 2014 11:53 AM Taking Research for Granted Texas Republican Lamar Smith continues his crusade against independence in science.
  Sports
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.