At the beginning of the video below, you can see CNBC’s Larry Kudlow cheering for workers at Facebook for what is probably the first time in his life.
Kudlow is normally seen pounding the table and demanding lower pay for workers, not to mention savage austerity after their jobs have been offshored. Facebook pays its interns $5,600 per month, so Kudlow seized on that as proof that “free market capitalism” is working.
But we don’t have the “free market capitalism” that Kudlow advocates. Kudlow is a globalist and wants wide-open immigration – especially for the science, technology, engineering, and mathematics (STEM) jobs like the ones at Facebook. If Kudlow had his way, every one of those Facebook interns would be from India and getting paid $1,000 per month.
It is the people who fight against mass-immigration who can take credit for these workers getting a larger slice of the pie.
Note: It’s not all peaches and cream for workers in Silicon Valley. See this story.