"I can pay those employees at least five times as much" I understand that as he's talking about five times minimum wage or about $70K/yr, not five times a real

"I can pay those employees at least five times as much" I understand that as he's talking about five times minimum wage or about $70K/yr, not five times a real wage. Nobody offers five times a real wage. Nobody. Everyone has their weird false beliefs. Most middle and lower class see themselves as temporarily disadvantaged millionaires and that weird false belief can be very profitably exploited. The similar weird belief from the upper classes is that economic destruction has been so successful over past decades that there is an infinite pool of infinitely highly talented labor willing to work for minimum wage so anyone asking for more than minimum wage is the cheeky nail standing up that must be pounded down, and its socialism or letting the terrorists win to ever pay someone without direct reports more than the minimum wage. Sure, managers earn millions and CEOs earn billions but conventional upper class wisdom is there's an infinite pool of neurosurgeons willing to work minimum wage for 80 hrs a week while repeating "thank you sir may I have another" as their morally and ethically superior manager paddles them. To some extent you can profitably exploit them by letting them screw up, then offering Very expensive consulting fees to fix the mess they created for themselves. Never, ever work for people like that if you can possibly avoid it, always consult to clean up their messes at like $300/hr.