As I explained on Wednesday, Neil Cavuto, Fox News’ senior vice president and managing editor of business news, doesn’t know how inflation works. In a segment about living-wage activists, Cavuto boasted of having once earned $2/hour as a teenager—except that when adjusted for inflation, he was actually making about $9.47/hour, which is $2.22 above the federal minimum wage. (That, and he was a teenager living with his parents, not a 32-year-old woman with two kids; there’s also that.)
On Thursday, the Daily Show‘s John Oliver picked up the ball. Give it a watch:
