Part 2: Scott Galloway’s Viral TED Talk on How the Old Are Stealing from the Young

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  • Опубліковано 24 гру 2024

КОМЕНТАРІ • 345

  • @MikeFoxGolf
    @MikeFoxGolf 20 днів тому +43

    The first time, in years, where I’ve been able to listen to someone who’s political slant is different than mine and not get pissed. I don’t agree with some of what he says but I agree enough to know that we could have a very productive conversation about what’s happening today and what will happen down the road. He’s not my enemy, he’s the opposition. And opponents can find the best way to do the most good for the greatest number of people.

    • @xsanitarx
      @xsanitarx 15 днів тому

      Wait, who're you again?

    • @Peter-nu8st
      @Peter-nu8st 12 днів тому +2

      If you oppose what hes saying youre part of the problem.

  • @WLDnatureBOY
    @WLDnatureBOY 3 місяці тому +339

    Bernie Sanders talked about a lot of this stuff and had a HUGE buy in from young Americans. The DNC stepped on him. We need change desperately.

    • @itsm3th3b33
      @itsm3th3b33 3 місяці тому +3

      BS.
      DNC didn't step on Sanders. They decided to support the other candidate because ultimately they want to win.
      Young people had their chance. Why didn't y'all vote for Sanders in the primaries?

    • @wodthehunter8145
      @wodthehunter8145 3 місяці тому +7

      but here we find ourselves, happy the 90 yo man dropped out to be replaced by a...... cop. After BLM, occupy wallstreet, free palestine and a thousand other protests. Your choice is a fascist or a cop and people wonder why young people dont vote.

    • @Ir0nFrog
      @Ir0nFrog 2 місяці тому +9

      @@itsm3th3b33 that’s an awfully loaded argument.

    • @itsm3th3b33
      @itsm3th3b33 2 місяці тому

      @@Ir0nFrog
      Explain why loaded.
      The original comment, which I replied to is not loaded?

    • @jonasmiller5755
      @jonasmiller5755 2 місяці тому

      ​​​@@itsm3th3b33
      To be fair, even if what you say is true about him not winning, because of a lack of voters, it's not really refuting the problem.
      The problem is the boomer electorate itself, they make up a very large portion of the population and they won't vote for either younger people or politicians that make things easier for them.

  • @Mary-xt9jg
    @Mary-xt9jg 3 місяці тому +85

    This is what common sense and empathy looks and sounds like when they come together. The brain and heart working together ❣️

    • @itsm3th3b33
      @itsm3th3b33 3 місяці тому

      @@Mary-xt9jg
      Sorry to tell you... wrong.
      He's been debunked. His evidence does not support his facts. Check it out. Video is on UA-cam.

  • @PatsPsychologyMSc
    @PatsPsychologyMSc 3 місяці тому +293

    Scott is so right, but to the older people that agree with him - will you actually do anything about it?

    • @lolitadoss8079
      @lolitadoss8079 3 місяці тому +14

      Nope .I’ve bn saying this for years. It’s bn a struggle in certain fields.

    • @Crux69
      @Crux69 3 місяці тому +38

      It's almost always up to the young to revolt against the old. When we don't, this happen.

    • @gammaraygem
      @gammaraygem 3 місяці тому

      Nope. But I am European. This is mostly an American problem.Their indoctrinated knee-jerk reaction to the word socialism. Europe has more billionaires than the US, free or heavily subsidised healthcare, decent minimum wages and affordable housing. Oh, and mostly multi party democracies.

    • @TheGravygun
      @TheGravygun 3 місяці тому +8

      The party's not over for the Boomers.

    • @anonamos225
      @anonamos225 3 місяці тому +11

      Of course not. Another classic case of showing up to protest and saying not in my back yard when it comes to actually doing anything. It's all performative.

  • @CollinRutherford
    @CollinRutherford 3 місяці тому +58

    So true! Addressing challenges like education and Social Security is essential for the future.
    Scott's emphasis on civil dialogue is refreshing and necessary in today’s polarized world.

  • @annkohnstamm4379
    @annkohnstamm4379 2 місяці тому +22

    Thank you to Scott Galloway and TED. I love his direct way of speaking and these types of much needed conversations/TED Talk, etc will bring change. We need him and others like him with this kind of thinking, change, openness, empathy, and courage in the world.

  • @Dwestern177
    @Dwestern177 Місяць тому +7

    Ive never felt more spoken for in my life. Thank you Scott

  • @renaetaylor18
    @renaetaylor18 2 місяці тому +23

    I have really enjoyed listening to the TED Talk and this follow-up conversation. The thing that keeps coming to me is your comments about Social Security. Most states have not raised the minimum wage from $7.25 since 2009. So how can Social Security even benefit the Americans who hope to benefit from it 30-40 years from now? Prices of houses, cars, and healthcare continue to rise, shouldn't our government have ensured that we do not drive ourselves over the cliff that seems to be right in front of us?

  • @annefurman33
    @annefurman33 Місяць тому +4

    As a retired elementary teacher, my public school system taught children to eat over processed fast food. In the school lunch line - Monday is hot dogs, Tuesday is pizza, Wednesday is hamburgers, Thursday is spaghetti, and Friday is fish sticks.

  • @DiegoMarquesBrazil
    @DiegoMarquesBrazil 3 місяці тому +44

    Scott Galloway’s rethoric got him in trouble many times, but I love it lol

    • @emotionalideas
      @emotionalideas 3 місяці тому +5

      See but Diego here's the thing...he's very VERY wealthy -so what kind of trouble could cause him any real hardship? He's got all the FU money to speak whatever he likes no?

    • @masteryacademics7612
      @masteryacademics7612 2 місяці тому

      Truth hurts!

    • @CJBroonie
      @CJBroonie 29 днів тому +1

      @@emotionalideasyes, THIS!

  • @JessicaLeist-oh9go
    @JessicaLeist-oh9go 27 днів тому +3

    Preach! Wow! Yes! I sure hope I’m not the only one who hears this! Thank you! Thank you for being a voice to everything I see and hear and experiences in my life!
    I have been Walmart free for almost 3 years now. We can do this on small levels in our own personal lives! We can hold the line!

  • @ryanschneer
    @ryanschneer Місяць тому +10

    Thank you for fighting for us Scott

    • @joannehelm4432
      @joannehelm4432 Місяць тому

      I couldn’t agree more. He is fighting for us hence we must fight for us.!

    • @CJBroonie
      @CJBroonie 29 днів тому

      @@joannehelm4432what’s he doing other than bitching about stuff? I’d rather see him put his incredible wealth to use. Actions speak louder than words…

  • @paxdriver
    @paxdriver 3 місяці тому +37

    14:16 allow me to clarify before I even finish listening - I'm a guy who loves cuisine, loves exercise to cope with ADHD and insomnia. I was born diabetic and suffered several hospitalizations and crippling side effects of undiagnosed diabetes until finally at 27 I started getting insulin. My savings, my businesses, the career changes, my social life, everything suffered from the crippling conditions of diabetes and autoimmune disorders my free healthcare failed to diagnose and treat my whole life.
    Scott's comments are not offensive even to diabetics who have endured tremendous suffering. Don't be wanker. Just because a photon lands here and not there doesn't mean God's trying to snipe you from another dimension. It's just part of a world that exists because of the forces of entropy as a function of time.
    When a policy is enacted to exploit a population, that's victimhood, like capital gains income annual social security contributions (cpp/ei/qpip here in Canada), that creates victims. Being diabetic or not diabetic is not offensive just like short tall black white young or female or gay are not offensive.
    In life if you can't find a laugh then you're definitely missing something, no matter how much or little you're suffering there's no justification to be offended by stating a fact like "type II diabetes is genetic and preventable", "type I diabetes is genetic", or "borderline type I can be delayed but can also cause colitis, psoriasis, optic neuritis, fibromyalgia, arthritis and mental illness if unchecked, so keep an eye on things"
    If you can't afford a vacation and marginal cost of larger orders is greater in higher quantities then I'm gonna eat more for more enjoyment. All humans think like that, it's not just fat people even skinny men like me love food for the same reason. We are evolved to seek sugar and variety, of course à surge in wealth worldwide and synergy of population growth this century would induce pathological nutrition issues in a portion of the species.
    That's not shaming its compassion!

    • @Lolcoca
      @Lolcoca 3 місяці тому

      Oublie les idéologies à la con C’est juste pour exploiter les gens depuis des siècles ! Et de créer la guerre !
      Vis ta vie comme tu le veux !

  • @smallstudiodesign
    @smallstudiodesign Місяць тому +4

    I agree that if you’re over 65 years old and you’re financially stable/independent/wealthy then eligibility for social security benefits should be limited - that same money should be transferred to younger people who are struggling.

  • @rorymcleod1
    @rorymcleod1 Місяць тому +16

    Australian Prime Minister has just proposed banning social media for kids under 16.

  • @ruthokelley5833
    @ruthokelley5833 3 місяці тому +11

    Scott’s way with words forces us to think harder and deeper! As we should…
    However, I know there will be those that will turn away as soon as Scott’s force is put upon us. But, what about the people who can think and understand and can start acting in a different manner?
    Thanks Scott!

  • @dm-31024
    @dm-31024 Місяць тому +12

    I think it’s very good that Scott spoke strongly about diet & weight. Too bad if it’s called fat shaming. it’s speaking for health. Physical health.

  • @LeanneGodfried-jp5uh
    @LeanneGodfried-jp5uh 3 місяці тому +12

    Why is Scott not in place of Kamala and/or Trump? As a parent, Scott is someone who truly loves and in motivated the love for children and their future. This should be the top priority for any leader, even those of their own loving household. The best leader is someone who does not want the position. Please reconsider running for President. For your child and our nation’s children.

    • @r65a11
      @r65a11 Місяць тому +1

      OMG! I was thinking the same thing. He's not interested though. This stuff is really important and most 99.9% of our leaders don't even give it a second thought. That's what's so scary about it.

    • @scrumptiousjdp
      @scrumptiousjdp 27 днів тому +1

      He didn't want that job

  • @millsfinancialgroup
    @millsfinancialgroup Місяць тому +2

    I 100% appreciate your speech, Scott. I agree with about 99% of what you said, and am willing to listen on the other 1%

  • @Andy-br1hq
    @Andy-br1hq Місяць тому +4

    My daughter plays with cars and dolls equally, but she’s always had ready access to both

  • @bryceproberts
    @bryceproberts 3 місяці тому +2

    15:20 is absolute gold. Love Scott’s candor which is so rare these days.

  • @darinmason6999
    @darinmason6999 3 місяці тому +15

    A note of optimism, but as I approach 40 I am dubious that any real change can happen. Perpetually single and with dissolving chances of owning a home or starting a family, stripped of anything to care about. We are dealing with an intrenched hegemony that has its own interests at heart. It feels like being on the wrong side of a government bailout, robbing from the poor to give to the wealthy. This presentation has me reconsidering leaving America. It seems we have already peaked, and I dont want to be here as things unravel. I had a nightmare; I was trapped in Themepark America, where all we are is fodder for the economic grist mill. Misery for profit. All I wanted to do was escape this place with no future.

    • @aaronkamakaze2967
      @aaronkamakaze2967 Місяць тому +2

      The rest of the world is mostly like this also. Except a select few places. The places Americans love to flock to like Mexico, Thailand, Philippines, Peru, Brazil etc are only good because you’re taking advantage of an economy that pays their local population absurdly low wages which only benefits westerners. And then the other countries that Americans flock to like Australia, Canada, UK, Germany etc suffers from all the same problems that the US suffers from economically. If you move to a more affordable developing country remember why you can live better there. Remember that the locals make absurdly low wages, don’t just take advantage of them and their country. Try and give back as much as possible, while also building a better life for yourself.

  • @scottfitzpatrick1939
    @scottfitzpatrick1939 23 дні тому +1

    Speaking truth to power. We need more and more of it.

  • @SunnyDayStyle1
    @SunnyDayStyle1 Місяць тому +2

    Agree 100% on Chris's observations about Scott's speaking style. I will seek out anything Scott does - podcasts, interviews, shows - you name it. Don't love the F- Bombs but love everything else.

  • @brandontruong9172
    @brandontruong9172 11 днів тому

    This was the first TED I've ever heard and wow that guy hit the nail on the head from a world away. Unfortunately, I, as a young person, and many people I grew up with and have encountered throughout my life have no faith, no hope, and no comfort in waking up every day knowing even though this should all be common sense, nothing will be done about it. I'm 26, I have a 3 1/2 year old son and live just to work to pay bills to only repeat the next day with no hope of being able to create generational wealth or even own a home for that matter. This world and country are seriously screwed up, and as long as the people that are wealthy and in power or have influence aren't stopped, then it's only a matter of time before something terrible happens. God save us all.

  • @dz-gj6nx
    @dz-gj6nx 3 місяці тому +7

    Love these intellectual ethical discussions

  • @dallenpowell2745
    @dallenpowell2745 3 місяці тому +21

    Losing at Capitalism shouldn't cost you your life, health, safety, privacy, or human rights. We can and should have both a free market and a foundational safety net for people who fall through the cracks. A country worth fighting for invests in its citizens so the economy can take care of itself. We need to break down the monopolies and invest in local businesses. Tiktok isn't the problem it's the coping mechanism for the problem which is rugged individualism, social darwinism, Neoliberalism, and internalized capitalism. We need disruption and churn. We need critical education. We need proactive democracy. We need subsidized healthcare. We need election and property tax reform.

    • @Lolcoca
      @Lolcoca 3 місяці тому +1

      Ça me fait rire le commentaire 😂😂

    • @STL-sl7zv
      @STL-sl7zv 3 місяці тому

      A country cannot "invest." A country can merely tax and distribute. I find arguments like this odd. What country are you living in currently? We are tens of trillions of dollars in debt and roughly 85% of that debt has come from the social safety net programs you are acting like we don't have. The emphasis of this conversation is always on what society owes to the citizens. There's hardly ever any discussion about what responsibilities the citizens have to themselves

    • @dallenpowell2745
      @dallenpowell2745 3 місяці тому

      @@STL-sl7zv Money is made up. It doesn't exist. Its whole purpose is to decentralize the economy for everyone in the form of value tokens. The government orders currency to be printed by the Federal Reserve to balance inflation against the national deficit. If money isn't being used to provide a better quality of life for the people then what is it for?! We absolutely can and should be "investing" in the long-term well-being of our citizens in America and every country.

    • @brostoevsky22
      @brostoevsky22 3 місяці тому

      Are you sure most of America's debt comes from it's social services? It seems that the Military Industrial Complex spending and wars might be at the root of this.

    • @dallenpowell2745
      @dallenpowell2745 Місяць тому

      @@STL-sl7zv Debt isn't real. It's a made up system to keep you enslaved to the banking model that's propped up by the private institution, the Federal Reserve. Read Stephanie Kelton or read up on Modern Monetary Theory. This whole system we're stuck in is a rigged game designed to keep us working forever to pay off debts that don't matter to institutions that don't need money for doing things that don't benefit society.

  • @littleninjai222
    @littleninjai222 Місяць тому +1

    I can't stop listening to the things Scott Galloway has to say and how he says it. One man trying to make a difference.

  • @tracykirsch851
    @tracykirsch851 6 днів тому +1

    I 100% agree. How refreshing 👏

  • @JohnnysWorld777
    @JohnnysWorld777 2 місяці тому +22

    In 2008, no company should have been bailed out. They all should have been allowed to fail. A) We'd be better today and B) The idiots running these companies would have learned a lesson. Allow capitalism to work.

    • @MJ-ho5ex
      @MJ-ho5ex 25 днів тому +2

      I agree and the unions like the UAW should have been bailed either. If Ford, GM, and the other go out of business then there members can find a new job. Same way with the idiots that bought houses that they couldn’t afford. There should be no personal bankruptcy and they should be required to pay back all the money that is owed after liquidation of Their home. Garnish all their future wages. No government bail outs for anyone.

    • @JohnnysWorld777
      @JohnnysWorld777 24 дні тому +1

      @MJ-ho5ex That's the beauty of bankruptcy, you default on your creditors ,clean house, and come out a much stronger and more competitive company

  • @carlosgabin5215
    @carlosgabin5215 2 місяці тому +7

    This guy is amazing

  • @JacksonHole-ve4iu
    @JacksonHole-ve4iu Місяць тому +6

    First, college tuition should be based upon the expected earnings a graduate would make in their line of study. Second, there should not be a wage limit on withholding social security taxes. Third, there should be term limits on all public offices. Fourth, 25% of all political contributions should be made available from the existing two parties to help fund and support legitimate "third" political parties across the country. Fifth, tax codes need to be changed to encourage Employee Owned Companies ("ESOPS") so that employees can accumulate more long-term wealth. Sixth, the tax code needs to be changed to encourage people without wealth to pool their money together to start a legitimate business venture. Seventh, all trust accounts need to be taxed 1% each year based upon their current valuation. Eight, trade schools should be encouraged as a career path and the tuition should be free. Ninth, Medicare premiums should be adjusted for people with obesity. Tenth, stop printing money at such a torrid space.

  • @ExterminatorElite
    @ExterminatorElite 3 місяці тому +25

    14:00 This is one of those where the tenor is criticized because the content is very uncomfortable for some. Tenor is important insofar as you want to come across clearly and change minds effectively. But I think Scott isn't being judgemental, he's urging people to become disenchanted with consumption-as-identity. Consumption to the point of disease is so deeply embedded in our culture* that it's essentially invisible until you point it out, and when you point it out people get uncomfortable (* yes, with a big asterisk for people with genetic conditions and people with socioeconomic backgrounds that predispose them to poor nutrition).
    I've been in shape, I've been out of shape, and being in shape in a real tangible way is far more liberating. It's liberating in a most basic and essential sense of the relationship my mind has with my body, of physical movement and ability. And it's liberating for my wallet, because it turns out the simplest way to lose weight and reduce disease is to consume less, not to reorient all my consumption toward weight loss brands or grind it out at the gym to justify Starbucks.

    • @conscioussubconscious
      @conscioussubconscious 3 місяці тому +2

      So true. We are constantly seeking instant grat and this = food, buying stuff, and more stuff, always looking for the next thing... Can't even enjoy a nice day outdoors or even realize that there is a nice day outside. Wait, outside? There's something out there? Omg, it's a whole world out there! Lol😂

    • @Baaaaaaaaaaaamm
      @Baaaaaaaaaaaamm 8 днів тому

      @@conscioussubconscious😢

  • @tonywilliams6068
    @tonywilliams6068 16 днів тому

    3:25 That's the end game but he's right, we need more hard yet genuine talks from people like Scott. 👏🏽

  • @SavannaBoston
    @SavannaBoston 6 днів тому

    My issue with social security, as mentioned in the beginning of this video, is that our older population feels ENTITLED to it because they used to pay it for their own parents/grandparents.
    I do not believe I will ever see a penny of social security when I am older, and I would never want to put that burden on my own children. I plan my retirement contributions as if social security will no longer be available to me in 45-50 years. It should not be their responsibility to see me to retirement. And yet, I still pay towards the retirement of others in the form of social security right now. Notice how I am paying others social security, without the assumption that it will be available to me when I am older…
    And that is how it should be. Just because they paid it in the past does not mean they’re automatically entitled to it. And as Scott mentioned in his original video, social security should be based on need-not age.
    This sense of entitlement around social security is a large part of the issue.

  • @donnahenson93
    @donnahenson93 Місяць тому +4

    SS problem with push up age to draw SS is it doesn't just effect the people who don't really need it but creates a real hardship for people who have ran their bodies into the ground to work additional years. While those same people have barely been able to make ends meet while paying those SS taxes.

  • @masonr1666
    @masonr1666 4 дні тому

    Here is something that everyone needs to remember:
    In 2008 we had a massive recession that delayed many young people from their careers. Then in 2020 people were not allowed to work for 2 years, and not allowed to make any social connections.
    There were two categorical catastrophes in 12 years.
    With prices ever increasing, people are having to work longer and longer hours just to afford rent. If you are spending hours at work, you don't have time to spend on other things.

  • @DinoSvanhvit
    @DinoSvanhvit 26 днів тому +1

    This is a good guy.Worthy of trust,.

  • @LeanneGodfried-jp5uh
    @LeanneGodfried-jp5uh 3 місяці тому +2

    @31:00 segment 🙏🏻🏆 The Most Pround fact and concern for men and the fabric and success of the the entire nation.

    • @olawiberg76
      @olawiberg76 3 місяці тому

      Hes spitting truths! Brutally honest, like it should be, sadly tough, its unique

  • @axelolsson341
    @axelolsson341 22 дні тому +1

    The thing that stands out that I think is clearly wrong is the stance on Unions. When cronyism is so rampant, the weights on the scales are not Capital vs. Labor but Capital + Political Power vs. Labor. Collective action against companies is the only thing giving Labor a fighting chance. When Union membership is at an all time low (and the great times you speak of had high union membership!) and these problems are exploding, the evidence does not suggest any problems with Unions

  • @stephenbelsheim9109
    @stephenbelsheim9109 Місяць тому +3

    Preach brother!

  • @ikartik90
    @ikartik90 Місяць тому +5

    Dear Scott Galloway, run for President you fucking genius! You have what it takes to inspire a whole generation.

  • @maverick1spark
    @maverick1spark 3 місяці тому +7

    Got to take our medicine, things we don't want to do are likely the things we neeeeed to do he's great no bs

  • @dm95422
    @dm95422 3 місяці тому +11

    He was right about the "Negative Income Tax". If UBI was billed as NIT, republicans & dems would've have approved the bill & low income people would be receiving monthly cheques right now.

    • @millsfinancialgroup
      @millsfinancialgroup Місяць тому

      Not necessarily. They would want the negative rates for the highest earners and it would be hijacked by the matrix. They would pass an inversion of the current income tax scale to benefit rich.

    • @nateureo5428
      @nateureo5428 Місяць тому +1

      I thought a negative income tax was a small fund for people whose wages are inadequate to their living costs-didn’t realize it was did people who didn’t work at all

  • @Aung1988
    @Aung1988 Місяць тому +1

    When markets crash the top 1% swoops in to further extend their wealth while the bottom people lose their jobs/houses and get further deep into debt. That’s total opposite of wealth distribution.

  • @terryjohnson3479
    @terryjohnson3479 13 днів тому +1

    I'm 70 and started paying into Social Security when I was 15. I waited until I was 66 years old to start collecting even though when the government started forcefully taking my money the CONTRACT Said full retirement at 65. When I was self employed I paid an extra 10% income tax to pay for Social Security and Medicare and then Congress used my money as a slush fund for whatever they wanted. If you want to fix Social Security stop paying those who came from other places and never paid in.

  • @mrsjayrez2627
    @mrsjayrez2627 Місяць тому +2

    I love this guy!

    • @KMx108
      @KMx108 Місяць тому

      Yes!!

  • @really-shouldnt-be-here
    @really-shouldnt-be-here 3 місяці тому +41

    If a business goes out of business for paying livable wage, then it had not been a sustainable business.

    • @jamesbrenner5982
      @jamesbrenner5982 Місяць тому +1

      That’s a paraphrased FDR quote. It was the justification for establishing a minimum wage.

    • @really-shouldnt-be-here
      @really-shouldnt-be-here Місяць тому +1

      @@jamesbrenner5982 Thank you for letting me know! May I ask what the exact quote was?

    • @really-shouldnt-be-here
      @really-shouldnt-be-here Місяць тому +2

      Nevermind; I found it! It goes as follows:
      “It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.”

    • @nateureo5428
      @nateureo5428 Місяць тому

      I’m genuinely confused, in California many fast food chains shut down leaving many without employment, my only job experience so far has been in fast food.
      But now with less job opportunity for those with less job experience, how does this equate to a good thing for the lowest income and least advantaged people?
      I’m not expected an answer here just asking in case someone maybe sees and replies quickly.
      I’m looking into this right now because I’ve always been skeptical on minimum wage but hearing this from Galloway has me looking at it again in case I need to change my mind

    • @really-shouldnt-be-here
      @really-shouldnt-be-here Місяць тому

      ​@@nateureo5428 I understand where you are coming from. It would be frustrating to see the available options for employment dwindle. The political push in the name of a "livable wage" when it is so difficult to have any wage in the first place must be despicable. Needless to say, I hadn't taken into account your perspective. However, I still do believe that a "livable" wage is an ideal worth fighting for.
      It is irresponsible to slap on regulations forcing businesses to pay a higher minimum wage, and call it growing pain, especially when that pain is not at least shared by those who afflicted it. It often puts breaking strain on not only small businesses especially but also their workers. But I know that one thing's for sure: Corporate is not on your side.
      Let's say a restaurant has to close doors and blames the $1 increase in minimum wage. Let's play along and say this restaurant is open 24/7 and staffed full at 4 people. That's $96 extra per day, $2,880 extra per month. That would mean the restaurant was staying afloat thanks to a less than $2,880 profit margin. In the US, on average, that's less than living wage for a single adult. I can only imagine what kind of life that money means in CA.
      Not a lot of people can afford to keep this kind of restaurant open, except for corporations. The corporation was not keeping that restaurant open as long as possible, paying minimum wage and employing as least as possible, out of determination to provide the area with "job opportunities." It is a corporation. Their sole existence is to make money, even if less than livable wage per over-exerted such restaurant, because corporate owns 1,000 more of them. Corporate entrance is devastating to any local economy; small mom & pop shops can't compete. After monopolizing and leeching as much money as taxes and regulations allow, they pack up and leave. Was it really the $1 increase in minimum wage that shut down the restaurant?
      As long as the economy grows, people make more money. The more money people spend, the higher the prices climb. To keep up with such inflation, wages increase. This is the natural cycle. Some businesses would rather opt not to pay their employees more, however, disrupting the balance. That's when the state/fed minimum-wage laws kick in.
      I know you (and I) aren't left with much choice. Corporations barge in whenever and however they like, and we either suffer or tap out. You don't need to change your mind on behalf of anyone, but I admire that you are willing to ask and listen. I'm glad I could have this conversation with you, and I hope you feel the same.
      Best wishes!

  • @chefdarel
    @chefdarel 3 місяці тому +3

    Preach professor!

  • @Larimerst
    @Larimerst 2 місяці тому +9

    Yes but..... Prof Galloway seems to have missed the point. In contemporary America, generational theft, the upward transfer of wealth and extreme wealth inequality are a feature, not a bug. Works exactly as intended.

    • @titolovely8237
      @titolovely8237 2 місяці тому

      exactly. there's no accident here. we didnt do an oopsy and kill young peoples futures. it's 100% intentional.

    • @kty3727
      @kty3727 Місяць тому +1

      It wasn't that way during the 30 years post FDR, the time during which boomers grew up.

    • @beth3535
      @beth3535 Місяць тому +1

      I’m 72 and have been paying SS for 56 of those years. I understood who it was meant for and how important it was. And is. I’ve lived carefully and conservatively, making do until important repairs could be made or a car replaced. SS is above the average and I depend on it. Should it continue to be taxable, probably, though at a preferred rate. I still work part time because the income is important and I’m needed. I do expect, however, to lose the work once some of the proposed economic measures kick in.

  • @TheEpioch
    @TheEpioch 3 місяці тому +5

    Change is hard when our civilization and the powers that be have mastered "Bread and circuses" so well

  • @1LegoAdventures
    @1LegoAdventures Місяць тому +9

    Scott is 100% right the overweight issue. Stop glorifying a health problem.

    • @kathiefleming2830
      @kathiefleming2830 17 днів тому +1

      Food esp carbs medicated/soothes the emotions that’s probably why they feed their feelings. It works.

  • @yusufcorker7580
    @yusufcorker7580 6 днів тому

    As an Economist....this guy has the answers to saving America! His message needs to get out because it's gonna be desperately needed in the years to come. His platform is the next Progressive Movement in the US. If he can survive the BS that's about to come His way.

  • @cream0502
    @cream0502 Місяць тому +1

    WHEN MINIMUM WAGE GO UP THE PRICE OF GOODS AND SERVICES GO UP, THAT'S HOW THE SYSTEM IS DESIGNED

  • @araceliv4710
    @araceliv4710 3 місяці тому +8

    Abolishing unions and replacing them with a single overarching union in Washington D.C. would not be a solution without problems. I could be wrong, but that concept seems to have communistic vibes. For example, in the public sector, there will be employers who will be overjoyed to have the freedom to decide employees’ benefits so long as they abide by the minimum standard of federally mandated minimum wage and employees won’t be allowed to negotiate a collective bargaining agreement. It will be illegal for them to negotiate. In state with low cost of living, this may be fine, but the working class in states with high costs of living needs a certain amount of income to survive and be able to save money to have the hope of being able to have a house & family in the future. Think about it, conservatives want to conserve the ways of the past, but, when it comes to working conditions and compensation (for which unions form a collective bargaining agreement), do we want to go forward or backward? Why do you think Labor Day exists? Do we want to empower the working class or the elite? Also, if small businesses would fail as a result of federally mandated minimum wage, then will there be additional job opportunities for them elsewhere?
    University-educated elite look at blue-collar workers like we’re the scum of the earth, like we’re peasants, and we deserve what we receive because we’re either inferior to them intellectually or we’re underachievers who didn’t go to college or lacked the intelligence or gratification delay to obtain a degree. However, in the end of the day, we come from dust and we will return to dust. Being intelligent is great for technological advancements but not for shattering the illusions that our own minds create or for discerning between compulsive decisions and conscious decisions.

  • @woodspriteful
    @woodspriteful Місяць тому +2

    Old people believe in the system and / or its reform, but that is no longer a reasonable expectation.

  • @doublebuttamaui
    @doublebuttamaui Місяць тому +1

    32:00-33:00 is so right it hurts

  • @yamuiemata
    @yamuiemata 3 місяці тому +2

    So many topics being addressed... wonderful 👏

  • @syrinereese8722
    @syrinereese8722 14 днів тому

    I Thoroughly enjoy him!

  • @duje618
    @duje618 3 місяці тому +2

    Thanks Scott

  • @appendix_gang2245
    @appendix_gang2245 3 місяці тому +18

    Saying the only union we need is one in Washington DC shows that Scott doesn’t understand the struggles of working people. Unions fight for better benefits, safer working conditions, and to give employees more agency within their workplace. Protecting workers is about so much more than just increasing wages

    • @dougmauter1825
      @dougmauter1825 3 місяці тому +4

      But only 10% of people belong to a union.

    • @trentntb5437
      @trentntb5437 3 місяці тому +17

      This is talking about the deeper point that we need people working for people in Congress rather than the people who are most advantaged. He isn't saying to not have unions, but any union that is not delivering results and have turned into useless bureaucracy need to be shaken up, not dispatched.

    • @osamaismymama7907
      @osamaismymama7907 2 місяці тому +1

      I would like to know what union you've experienced that isn't corrupt and a net societal drain.

    • @whateverhappend
      @whateverhappend Місяць тому +3

      @appendix_gang2245: how shortsighted. Scott obviously wants unity at governmental levels, he understands the problems of working people better than you do. He wants us to achieve a situation where unions are no longer necessary because wealth, taxes and opportunities are equally divided. 😉

    • @KMx108
      @KMx108 Місяць тому

      ​@@whateverhappenddon't forget safety

  • @MorelifeMu5ic
    @MorelifeMu5ic 2 місяці тому +3

    This is just late stage capitalism. We need social programs for all human rights. Capitalism is for wants socialism is for needs. Doesn't have to be one or the other.

  • @kimb5629
    @kimb5629 3 місяці тому +1

    Amazing, this was great. Thank you both, Sincerely.

  • @LeanneGodfried-jp5uh
    @LeanneGodfried-jp5uh 3 місяці тому +1

    Imagine Scott on the Presidential Debate. He would eradicate every nanomicron of the opposing side’s argument and unveil how their ego and self interest is their true driving force. I hope the loved ones of Scott convinces him to reconsider, like volunteering to go to war for his loved ones… for our loved ones.
    In the famous words of Nike: “Just Do IT.”

  • @kepmorvant1579
    @kepmorvant1579 3 місяці тому +6

    Bravo!!! This dude gets it.

  • @HelloHi-g2u
    @HelloHi-g2u 3 місяці тому +2

    I agree with basically everything he said!

  • @John-nh6lp
    @John-nh6lp Місяць тому

    He’s right about Big College-lay off 90% of the administrators, cut tuition, increase admissions. He’s wrong about social security-workers paid in to it, they deserve a return, but he’s right about capping it at $160K. Remove the cap. He’s wrong about taxing private elementary and high schools. School vouchers will make public schools better. Every time taxes increase, not much improves but the bureaucracy gets bigger.

  • @chetcalhoun613
    @chetcalhoun613 3 місяці тому +2

    Interesting video. Thanks.

  • @JohnnysWorld777
    @JohnnysWorld777 2 місяці тому +1

    We need people to build or fix something. The trades are wide open, tons of opportunities, but nobody wants to work hard anymore. That is the core of our problem as a society. Bankers, big finance, big tech, big pharma, professors, even tech sales people and managers (of which I was one), I don't consider real work. Someone who builds a house or repairs a car, that I consider real work.

  • @daimendd1264
    @daimendd1264 12 днів тому

    The system is broken and we need a fix primarily by young people who will be the ones living through it

  • @KMx108
    @KMx108 Місяць тому +1

    YES. Normalizing / celebrating obesity is the problem. Fat shaming isn't helpful when it's caused by economic, genetic or environmental factors. That's a problem our society should strive to impact in a positive way vs. accept as normal for the sake of making profits off these people.

  • @kylebeaton5604
    @kylebeaton5604 15 днів тому +1

    This ignores global competition

  • @scottvonasek3706
    @scottvonasek3706 11 днів тому +2

    Sorry but have to disagree with minimum wage existing at all. I am not against people earning more. I am against the over simplistic view of prices and the role they play in markets. Relative wage levels need to reflect scarcity. Low wages in the fast food industries are not a punishment, they are a blinking red light telling workers to do something else.

  • @lennart266
    @lennart266 7 днів тому +2

    Bernie Sanders gave you the chance to change something...

  • @DAWGnROADIE
    @DAWGnROADIE 29 днів тому +1

    We, as a nation, did better when taxes were higher. The wealthy had to invest in and create new businesses that employed people, provided education assistance, and provided pensions. These were not only ways to lower taxes, but forced the wealthy to create businesses that created more income for them. Today, the wealthy benefit from dividends from monster corporations. The worker just an expense and the consumer only a revenue stream. Until we turn from Stockholder driven economy back to Stakeholder driven economy, we will continue to decline. The wealthy must take the responsibility of building up all citizens instead of predating on them.

  • @really-shouldnt-be-here
    @really-shouldnt-be-here 3 місяці тому +3

    if we can't celebrate fitness, we shouldn't be able to celebrate any level of fitness

  • @TheElectronPusher
    @TheElectronPusher 25 днів тому

    Go Scott!

  • @masteryacademics7612
    @masteryacademics7612 2 місяці тому

    Remarkable rhetoric is correct!

  • @timothycardoso1364
    @timothycardoso1364 2 місяці тому +2

    I simply hate Tik Tok because it's immediately obnoxious when you open the app. I don't use TiK Tok.

  • @IrresistibleWitch
    @IrresistibleWitch 3 місяці тому +5

    Older person here. I will keep working til I die. Till I can’t.

  • @CharlesAdams-x4o
    @CharlesAdams-x4o 20 днів тому +2

    First step to get involved...look in mirror. Be quick to hear, slow to speak and slow to anger. Work on yourself, change your thinking. Be reason.

  • @canadiandrumer
    @canadiandrumer 3 місяці тому +1

    Raising the minimum wage is not good for low income people, reducing inflation is the most important thing for those people, which means limiting government spending. But no one really wants to talk about that

  • @Studeb
    @Studeb 6 днів тому

    The part about fat shaming is that you should never encourage people to say that it is good to be overweight, it is not, but also admit that the individual who is trying to lose weight has a massive obstruction of bad foods made to break your diet against them. Drugs like Wegovy should be paid for mostly through the tax subsidies, it will save so much money in the end, cause overweight is what causes most sickness, especially at the later parts of life.

  • @webbhunt5465
    @webbhunt5465 Місяць тому +1

    The world changed when Engineers were replaced in the boardroom with Accountants/Financial advisors.

  • @i89wut
    @i89wut 2 місяці тому

    yes, full stop.

  • @sreekuttan8496
    @sreekuttan8496 3 місяці тому +1

    I don't see myself pompous but yeah I loved this

  • @kathiefleming2830
    @kathiefleming2830 17 днів тому

    What’s the step we can take?

  • @michelleaguilar7336
    @michelleaguilar7336 20 днів тому

    "Maybe there is some truth to some of their disappointment" 5:45

  • @AshonteWrites
    @AshonteWrites 25 днів тому

    Where can we see this Zoom call?

  • @TheSoaphippo
    @TheSoaphippo 2 місяці тому +1

    I think minimum wage conversations are pointless, noone pays minimum wage, capitalism has pushed wages almost double that…i live in the middle of nowhere in iowa, and dairy queen hired my 16yr old daughter at 10. An hour, and around here, you can rent a nice apartment for 550 a month…. wages are already getting pushed up because people are just going to whoever pays. The most money and companies are being forced to pay more money so that they can make money and be open. There’s a big difference between a factory that produces a whole bunch of trinkets that are able to be sold, a small town grocery store… minimum wage was $25 an hour. I am pretty sure our grocery store would close down and then all of us are going to be forced to spend eight bucks in gas to drive 35 minutes to get groceries every week…. Food can’t get more expensive. People can’t even afford to eat.

  • @millsfinancialgroup
    @millsfinancialgroup Місяць тому +1

    33:45 guardians of gotcha 😂

  • @ashliego
    @ashliego 2 місяці тому

    6:09 Hard times create strong men. Strong men create good time. Good times create weak men. Weak mean create hard times.

  • @knowone6558
    @knowone6558 3 місяці тому +9

    Tax the rich and protect the future!

  • @michelleaguilar7336
    @michelleaguilar7336 20 днів тому

    32:46 “who don’t like themselves much less have the opportunity to like other people” WTF IS ANY OF THIS FOR!!

  • @doublebuttamaui
    @doublebuttamaui Місяць тому

    Speaking of the stock market, its much harder to find big growth companies because all the game changing stocks that once would have been super cheap to buy and watch grow are now all Zombie stocks at high prices. You have to buy something and HOPE that it eventually becomes worth its price much less grow and become worth more.

  • @kwyatt261
    @kwyatt261 3 місяці тому

    Intrapersonal benefit of the doubt is gone from society. Every stranger is assumed to not have your best interest in mind. Im not sure the ethos was like that in generations past

  • @marcusviniciusdoprado7508
    @marcusviniciusdoprado7508 3 місяці тому +6

    "Ban or divest TikTok", maybe all social media in general then? Funny that if you are critical of your country's actions, you are posing them as harmful. That's the harm you are doing to these kids, besides the positives I see in most of your comments. That's why I love some bands as Rage Against the Machine or System of a Down. Criticizing the USA is not supposed to be "unpatriotic". Everyone must criticize his own country. After this BS, I believe you may be right in almost every aspect of the discussion

  • @truhhhhhhhokIII3
    @truhhhhhhhokIII3 3 місяці тому +9

    22:40 he is so close then he says something as stupid af like that, not realizing instagram, youtube etc is all the same and none of those make you hate america, it feeds you the content you like. Not understanding social media seems to be the most boomer thing

    • @thesatsui
      @thesatsui 3 місяці тому

      Just sounding smart doesn’t make you smart. There are numerous psychological studies proving that social media, including UA-cam, have, on a very general level, been negatively impactful on mental health.

    • @VanessaMarieBooks
      @VanessaMarieBooks 3 місяці тому +1

      I was thinking the same thing. If all he sees on TT is cute dance videos and people who hate America, it's cause he taught the algorithm that's what he wants to see. While TT has a lot of fun, silly videos, it also has a lot of educational videos & resources on many different topics including history, science, politics, religions, etc. Anyone who doesn't see the beneficial sides of TT clearly doesn't know how to use the app or how the algorithm works. Sometimes, I end up having so much educational content on my feed, I have to go looking for some fun, silly videos just to break it up a bit.

    • @Sunsetbeach48
      @Sunsetbeach48 3 місяці тому

      Social media has been a huge downfall. Living prior to it & now living with it, I’d take life without it 100%. The cons of social media outweigh the pros. And, no, I’m not a boomer.

  • @lisarobinson5226
    @lisarobinson5226 Місяць тому

    Yup preach

  • @AntecGreeno83
    @AntecGreeno83 Місяць тому

    The minimum is a sticky wicket sure it’s nice to be paid more but some companies are really struggling to make money, it could lead to companies going under.
    It should come into play with mega companies whose board of directors and ceos get paid many millions in bonuses.