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

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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.

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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.

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