Economic Lesson

added December 24, 2008

ECONOMIC LESSON--A man owned a small contracting business in Salem, Oregon. The Oregon Wage &Hours Department claimed he was not paying proper wages to his help and sent an agent out to interview him. 'I need a list of your employees and how much you pay them,' demanded the agent. 'Well,' replied the owner, 'there's my framer who's been with me for 3 years. I pay him $600 a week plus free room and board. The sider has been here for 18 months, and I pay him $550 per week plus free room and board. Then there's the half-wit. He works about 18 hours every day and does about 90% of all the work around here. He makes about $10 per week, pays his own room and board, and I buy him a bottle of bourbon every Saturday night. He also sleeps with my wife occasionally.' 'That's the guy I want to talk to...the half-wit,' says the agent. 'That would be me,' replied the owner.

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