news

Warren Buffet Thinks That Anyone Who Works 40 Hours a Week Deserves a Good Life

Pinterest LinkedIn Tumblr

During a chat with Yahoo Finance, Warren Buffett was asked how we can repay the “war veterans” of the COVID-19 outbreak — the grocery clerks, health care providers, and other essential workers — who’ve kept the country pushing forward in a crisis.  

His answer was simple:

Reimagine our labor laws and social programs to enhance their quality of life. 

“We are a rich, rich, rich country,” the Berkshire Hathaway CEO said. “The people who are [in working-class roles], they are contributing a whole lot more than some of the people who came out of the right womb.”

Warren Buffett and President Obama

Buffett said we should be aiming for a reality where “anybody who works 40 hours a week can have a decent life without a second job. … Nobody should be left behind.”

Although the billionaire businessman noted we’ve made big investments toward economic equality before — such as the creation of social security in the 1930s — more needs to be done to curb the 21st-century wealth gap. 

Warren Buffett in a meeting

“I hope we, as a country, move in a direction where [working class] people get treated better,” Buffett said, noting those investments won’t hinder economic prosperity for others. “It isn’t going to hurt the country’s growth.”

Watch the full video at Yahoo Finance.

Lauren is a writer based out of Atlanta, Ga., who has previously dabbled in politics, media and public affairs. She is passionate about carbohydrates, social policy and community development. Lauren is always busy and isn’t really sure how it happens.