Sunday, September 16, 2012

World's richest woman on wages

[The world's richest woman, Australian mining tycoon Gina Rinehart, drew international scorn recently after saying that people who are jealous of the wealthy should drink less and work harder....

Speaking at the Sydney Mining Club, Rinehart said her country's mining industry couldn't compete with nations that are willing to pay workers less than $2 a day for their sweat and labor.

The implicit suggestion: Employers should be free to pay workers whatever they please.

This echoes Rinehart's earlier to-do list, in which she urged Aussie lawmakers to cut the minimum wage so that, well, she wouldn't have to spend so much money on things like workers' salaries and benefits....

Rinehart knows what it means to pull yourself up by the bootstraps. She inherited a fortune now estimated to be worth about $18 billion. That's a heavy burden to bear.]
http://www.latimes.com/business/money/la-fi-mo-richest-woman-pay-20120905,0,6971046.story

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