Who Does a $15 Minimum Wage Help? | 5 Minute Video
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- Опубліковано 19 вер 2024
- Would a nationwide $15 minimum wage help or hurt American workers? Andy Puzder, former CEO of the parent company of Hardee's and Carl's Jr., explains.
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Script:
Progressive politicians love to talk about raising the minimum wage.
It makes them sound caring, compassionate, concerned. They’re on the side of the worker, standing against the greedy employer.
The current call is for a national $15-an-hour minimum wage - more than double the current federal rate of $7.25.
A number of cities and states are already there - including New York, California, Washington D.C. and Seattle. Others are considering it.
The left casts the minimum wage debate as a war between employee and employer. But most business owners pay their workers as much as they can. Finding and keeping good people is the hardest part of any employer’s job.
I know. For 17 years, I ran CKE restaurants, the parent company for Carl’s Jr. and Hardees. Our company and franchised restaurants employed over 75,000 people, but, as with most retail businesses, our profit margins were razor thin.
Based on my experience, if we adopt a national minimum wage of $15, here’s what will happen:
1. A lot of people will lose their jobs or have their hours reduced. According to a 2014 Congressional Budget Office study, just a $10 minimum wage would cost half a million jobs as businesses terminate employees. Obviously, far more jobs would be lost at $15 an hour. To survive, employers would have to reduce hours even for workers who manage to keep their jobs. That’s a pay cut.
2. Businesses will close, and the jobs they created will disappear. A recent report from researchers at the Harvard Business School found that each $1 increase in the minimum wage results in a 4-10% increase in the likelihood of restaurants closing. An over $7 an hour increase, to $15, would be devastating not only for restaurants, but for small businesses and their employees.
3. Young people will lose that entry-level job opportunity. My first job was scooping ice cream at a Baskin-Robbins in Cleveland, Ohio in the 1960s. I was paid just $1 an hour. But it taught me valuable lessons - like the importance of showing up on time, teamwork, and presenting a happy demeanor to customers. No one can get that better job until they have their first job.
4. The cost of all workers will have to go up. If you hire a dishwasher at $15 an hour, your cooks will be unhappy with their wages. You’re going to have to pay everybody more, which increases labor costs across the board. That’s more pressure on profits. Too much pressure and you’re out of business.
5. Fewer people will open businesses. $15 an hour is a very steep hill to climb. Would-be entrepreneurs will do the math on labor costs and realize it’s just not worth the risk. This is a real cost to the economy that we can’t measure. A company that never exists never employs anyone.
6. Prices for everything will go up as businesses pass higher labor costs along to consumers. One of two things will happen: Either consumers won’t pay the higher prices and businesses will lay off workers or close, or consumers will pay higher prices and have less money to spend elsewhere. Either way, the higher minimum wage will represent a drag on the overall economy.
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Pro-Tip: If your job can be replaced by a touch screen, you shouldn't push your boss into investing in one.
mariokarter13 Good point
mariokarter13 Why not? Those jobs are without dignity and purpose, they are better suited for emotionless machines.
Neal Kelly I disagree, being serviced by good waiters or friendly bartenders makes a world of difference when comparing to a bar with sodapop machines and automatic beer glass fillers. And they are actually very fun and rewarding jobs! It's way better than sitting in a cubical, behind a computer screen at an insurance company all day.
mariokarter13 Zelda sucks! Ps4 master race
Neal Keyll, your two comments above reflect an elevated level of arrogance that is uncommon even in our increasingly narcissistic society.
The $15.00 Minimum Wage helps the Robotics Industry.
no way, the erase of jobs, will end in no money to spend.
XDelta _ - Because people become more expensive than robots
@@owosnake5413 in the obama administration, a lot people get fire, later get in black market, and get less money and the companies get less profit, other workers ask for help to government, and get money, the destroy of companies don't help the company to become technology better, you can look on UA-cam the minimum wage 15 in car washers in New York, trump say that the minimum wage haves to go out, you can also see on UA-cam the the theory of capital, thanks a lot
@@owosnake5413 because increasing the cost of labour will make automation a better alternative. Therefore a sudden huge increase in labour costs will result in compaies firing people and hiring robots. If people think companies will just 'give employers more money' without any sort of consequence then they're living in fantasy land. Businesses aren't charities, they're businesses. Once manual labour will become more expensive then automation will be right around the corner
One thing that isn't discussed in this video is the transformation of human jobs, to those done by machines. In most large cities, kiosks or self-checkouts have replaced humans who require $15/hour.
The 1$ an hour you made in the 60's had the buying power of 8$ an hour today.
Cody'sLab so you're saying the minimum wage should be $8 then?
its always easy to spend other people's money. You are easily fooled
Hey Cody it was a surprise finding you on comments. Somehow my eyes noticed your profile picture. I have been watching you since 2013. Wish I was your neighbor.
Which actually checks out. The minimum wage hasn't gone anywhere in relation to the purchasing power.
Cost of living increased as well
It only helps politicians that make a minimum of $174,000 a year... 🤦🏽♂️🤦🏽♂️🤦🏽♂️
It Be True Yo! Imagine if they made the minimum wage, they’d raise it lol
Not all jobs require the same skill idiot.
@@reginaldkung416 so why raise the minimum wage to $15 an hour, if all jobs don't require the same skills? For example, if a Internet Technician right now gets paid $15 an hour (I would know, I got paid $15 an hour starting out), why would I want to go through the 3-4 months of training for it when I could go through about a week or two worth of training for the same exact pay at Dairy Queen? different skills, same pay, what is the incentive for going for a more difficult job when I can get paid the same amount at a less skillful job? Here's a better question, the politicians that want this raise for the minimum wage don't seem to want to alter the tax bracket for those making $15 an hour, why is that? It's almost like they are saying, "we want you to make more so that we can take more." remember, the more money you make, the more get taken in taxes. Politicians don't have the people's best interest at heart, if they did, they'd be proposing a reduction of taxes instead of an required increase in pay.
@@tsipher That's exactly what I mean, I'm against advocating for the increase in minimum wage. As you heard in the video, raising the minimum wage for low skill workers raises the living costs for everybody else in the area. I completely agree it with you but I also want to say that its called a minimum wage which means it s the absolute lowest you can earn. If you are still earning 7.25 which is the minimum wage in Texas, then you must be a really bad worker. And also in answer to your tax bracket plan, I'm pretty sure no one proposing the minimum wage to be higher would be elected as one is a creep and the other a "democratic socialist." Have a great day bud
Yes because these politicians who make more then that would totally advocate for something that doesnt benefit them I'm sure. Not like these people are being payed by large oil companies to say these things hahahaha.
minimum wage can be a livable wage. Minimum wage is not a wage to raise a family, own a fancy car or smartphone. It is a wage to get you to a better position.
sgreen4 it is a necessary evil in wage management
no minimum wage means "if we could pay you less, we would" most jobs where I live pay above minimum wage because people refused to work chump change. Now even mc'nasties starts you off at at least $11 an hour and prices aren't that much higher. This whole argument against raising the minimum wage is bs on both sides. And it wouldn't be an issue if landlords weren't greedy dumbfucks who can't comprehend that owning one apartment building won't make you a millionaire. Rent has more than doubled in the last decade, in NH anyways.
Revisit the actual minimum wage law passed in the depression.
15,000 dollars a year is not a livable wage! Even if you are a single person that’s ridiculous!
Unfortunately, few do, because the mindset of them simply doesn't align with any higher social class. It's a sad reality. Marketers know that the prime target market is the bottom wage earners. They are the easiest to exploit emotionally, which is why they never do rise up.
At the beginning on the year the teachers in my local school district went on strike. They got what they wanted and got bigger paychecks. Guess what happened? The district had to lay off teachers.
Thats another thing that bothers me. They CHOSE that job knowing what it paid so dont complain about not getting paid enough.
no, your district did not have to lay off teachers. It chose to. Honestly, public education should be one of the priorities of government of any level. If the current budget isn't enough, they should fight for more. Everyone here is saying "everyone on a minimum wage job should just take initiative to learn new skills and get a better job", and while there is some truth to that, the government should also fight to not just keep but constantly improve the quality of education, even if it means cutting expenses elsewhere or they themselves taking initiative and learn to better optimize their budgets
@@notricky1680 hahaha no
NotRicky in my district, the townspeople vote on what the education budget will be. If they vote to lower the budget, then there isn’t just “more” money to be invested in schools. But this is the effect of direct democracy, which all local governments in the US are based on. Employees in school districts can argue for higher wages all they want, but that money comes directly from local pockets, and not every local pocket opens so generously.
Lol 😆 they reduce hours and school buses, so i was forced to learn to drive
Instead of increasing minimum wage, how about we reduce the cost of living?
Didn't the housing market crash in 2008 though? How much lower should the cost of living drop?
Sure eat you can start by never eating out cutting the internet and all luxuries
Clay Mooney America's overconfidence is doing that one. Sure, huge landmass but when all that land is used up (you could build numerous apartments in the same amount of land you could build a single house in, which, if you've got 8 homes in there, cuts down land use by 87.5% per family. You could house 8x more people! And with how common housing is, you could cut rent multiple times.
But I'm just a potato... I couldn't know for sure :3
Bill Anderson Yep... As little as 90 years ago, there was the rich and the people who slaved away for them, earning miniscule but survivable amounts of money for unsafe and unfair work in far worse conditions than today's workplace... Everyone think yourselves lucky...
instead of trying to push up the lowest paid wages, focus on limiting the profits of the highest paid...
cap the profits of big corporations and ceo's and executives, because thats where 90% of the money goes,
when they hit a limit, any extra profit is spread to the lowest paid employees or its taxed heavily
This is the lecture Bernie Sanders slept through
Probably coz its horse shit mate
And not worth the time it takes to listen too
He knows exactly what he's doing.
@@danhall6922 only if you're an idiot Bernie supporter.
@@billbright100 if your working class and you don't support Bernie your the idiot
@@danhall6922 Yessir ready for cuba 2.0 to takeover
They missed one of the most glaring ones... namely that it will make automation that much more lucrative. There's a reason Amazon picked Seattle for a grocery store with no cashiers. And there's a reason McDonald's is testing automated cashiers in California.
John Jason Lucas robots can't do everything. I work for Amazon and robots simply help us. But they can't fully replace humans
ASMRyouVEGANyet? Not yet. My point was that they're making the investment worth it. It wasn't long ago that they couldn't replace cashiers. Now, they're suddenly making the investments to make RFID chips cheaper so they can replace cashiers. The process will continue.
Your sadly mistaken. They have forklifts that run entire warehouses. No more pickers. Automation is even making its way into construction. They have machines that lay brick sorry bricklayers.
ASMRyouVEGANyet? They did replace some of you. That's all automation has to do. Allow 1 human employee to do the job of 3 but still pay that employee as 1. 2 jobs lost. Sure their are the manufacturer jobs for the machines and the maintenance jobs but it doesn't add up to The total jobs lost.
They don't. But @Chris Quas already answered this question. Instead of hiring 8 people at $15, you can hire 1 IT Person at $20, and one support person, and come out ahead. That's basic math.
If everyone is a millionaire, then no one is.
Elijah Edwards I'll sell my inventions so that everyone can be superheroes. *Everyone* can be super! And when everyone's super...
No one will be
TheScaryBerry lol that’s actually what I was thinking of when I said that. It’s true though.
If you look at the data, today's younger generation is actually the poorest generation of people living since the great depression. Minimum wage could rise to a billion dollars an hour tomorrow and it makes no difference when the cost of living outpaces the wages of the general population. In order to earn the same amount of money in "real dollars" (time-independent dollars) that your grandparents or parents earned, you would need to be making an average income of about $80,000/yr today.
To give you a more recent example:
My Dad worked as a tradesman. He was making $30/hr ....... back in the 1980's. Wrap your head around that. A tradesman is your average Joe who has a skill at something. It's one step above unskilled labour. This is not a doctor or lawyer or accountant or whatever. We're talking a year or two of schooling beyond high school and on-the-job training to gain experience. Today, the average Joe is working at Wal-Mart for $14/hr and getting part time hours. So basically half the pay rate, fewer hours, and then having to live in a world where the cost of living is 3-4x higher than it was in the 80's.
If we all live long happy lives... no one does... therefore kill the majority so the select can feel better? Great logic bro...
@@churck2267 When minimum wage gets raised, COSTS go up. I can't believe people still fall for this sh*t, but then again, the people pushing for a higher minimum wage are idiots. It doesn't benefit them in any way to have a higher minimum wage, but people are stupid. They think having more money in their pocket means they are wealthier. They don't understand that the cost of all products and services goes UP to pay for the increased minimum wage salaries of workers. It's like they can't make the connection. They see only more $$$ going into their pocket and have no f**king clue where the money comes from. A minimum wage increase does NOTHING.
If a higher minimum wage meant more wealth, then we should be the richest generation ever because we earn FAR MORE MONEY than our grandparents did. We're all millionaires compared to our grandparents, living in the land of luxury. We have the money to buy a gigantic mansion, have multiple cars, boats, our own private plane, etc.... IF we could spend the money we make TODAY in a world with 1940's COSTS. We can't!!!
This is what minimum wage hikes do:
$5/hr minimum wage: Car: $15,000, Groceries: $50/week, Hotel: $50/night, Gas: $40/tank
$10/hr minimum wage: Car: $30,000, Groceries: $100/week, Hotel: $100/night, Gas: $80/tank
How high do you want to raise it? $20/hr? Okay then....
Car: $60,000, Groceries: $200/week, Hotel: $200/night, Gas: $160/tank
Is anyone getting it yet??? Cars don't build themselves. They get built by people. Groceries don't arrive in the store by magic. Someone drives them there and puts them on the shelves. Hotels don't build and clean themselves. Gas doesn't magically appear in your tank. Someone drives it there, fills the tanks, and someone works at the gas station. How much do all of those people get paid when minimum wage goes up? Is it sinking in yet for advocates of minimum wage hikes?
It still wont increase the VALUE of the labor they provide.
Amen!
Perfect way to put it, seriously. I who am looking for an entry level job do not deserve to make 75% of the hourly wage my mother makes who was been working since she was 16
Fortunate Talisman it may because they have to be good employees to be kept. They may also just still be cunts
You are smart. You figured out something that a lot of people miss. Good job!
Damn right. Pay a plumber, a janitor, a school teacher or a server what they're really worth to the rest of society and they would all be millionaires.
You know what would be a good idea is to take the minimum wage out of the hands of politicians and leave it to the states economist and have them evaluate it every year or six months.
The only smart comment I see so far
@@mercedbread9045 agreed
As far as I know, in my state, no one makes minimum wage, aside from some wait staff and some work study jobs at college. If the min wage was needed, employers would pay every entry job the min wage. But they don't because the free market has already compensated for low wages. So maybe the states economists don't need to evaluate a min wage. Maybe we don't need one at all.
Or to take your logic further. Let the individual businesses decide for themselves
If it wasn't for the 20y old $7 federal min wage in ga we would be at the state 5.25 limit as cost of living and inflation increases so should the min wage believe it or not alot of big biz is greedy .
When u have to apaze stockholders and investors who's only concern is profit there's a lot of room for greed
$15 minimum wage will also accelerate automation.
no way, reduce the liberty, destroy the industry, the correct minimum wage is $ 0.0 a hour, you can listen in UA-cam economic in one lesson by Henry hasliit
efficiency is always better, in got nothing to do with employment.
That’s terrific! Less liability for companies. No more personnel injuries.
automation is coming no matter what the minimum wage is. Tell me why a person working should not be able to afford the American dream? And that answer is the reason for keeping wages artificially low.
Anthony Pritchard not really I live in ct and it’s 15 and nothing bad happed I think u conservative people are dumb
A $15/hour minimum wage does not guarantee employers must hire them for 40 hours per week. Their hours will be slashed.
The hours are already slashed to avoid giving benefits
But you don't consider employers needing more employees that would want help. Higher wages means more customers which needs more employees to make a bigger profit. You won't get the same amount of profit when you're one handed.
Just look around, morons are everywhere! Thanks minimum wage. Now we don't get benefits!
Tokenetta Businesses need one thing to stay afloat, profit. When minimum wages increase two things have to happen and normally in combination. One you raise the price of your service or product and two you slash hours and fire employees while increasing work load. It is simple economics. When you start paying your employees twice as much it has to come from somewhere. Either you thin the herd and give them more work or you pass that burden to the consumer and raise product prices.
Milan finally a person that makes a valid statement.
people go for paragraphs trying to sound like a buisness can take a 50% reduction in their work force most of the jobs I see being cut long-term are jobs like office jobs and other mid level mgt type jobs like there won't be a need for HR dept because through all this they still need the products made to be sold.and everybody has mid to high lev mgt positions that are way over paid and have usually already used min wage as a tool to bargain down salaries for years and have probably already cut tons of jobs over the years to acquire their wealth streamlining a company while passing the work load to already burdened employees so we overall would benefit from them being reduced anyway.
one of the reasons it's being rough in areas where it's applied already is because most buisness has bargaining power with the threat of leaving the area and has gained enough capitol from profits to freeze extra labor costs. making job numbers look dismal as a result.
there is another video floating around with a restraunt owner going through the whole feel sorry for me video telling he will fire many employees due to this all the while paying his employees less than minimum wage and letting his servers rely on tips from customers to survive.
he's a multimillionaire that has made that money for years of underpaying employees, paying less in payroll tax and passing the cost to consumers and employees.
but once these are perm and everywhere and the outacountry tax loopholes fixed buisness will be forced to comply to standards.
The greedy employers take all the risks n pay your salary
God forbid you don’t have the right to demand another human pay whatever salary you want for whatever labor you want for an infinite amount of time...... you have all the power in the world to start your own business kiddo, then maybe YOU can finally set the example that all of these filthy, greedy bosses should follow.
I'm having trouble figuring out if this is sarcasm or stupidity, but I think it's sarcasm.
@Jon Luci most of em probably have debt
OH REALLY? you honestly think they will decide to pay you more than they can afford?!? these companies already have low profits! if they have to pay you MORE, they will have NO profits. the cost of living would then be putting them into dept! they would HAVE TO fire you AND shut down their store! just so they don't end up homeless! and guess what that means! since ALL OTHER COMPANIES THAT WOULD HIRE YOUR UNEDUCATED BUTT HAVE SHUT DOWN TOO, FOR THE SAME EXACT REASONS, YOU WILL BE HOMELESS! YOU! because YOU VOTED IN A GUY WHO RAISED THE MINIMUM WAGE! because YOU wanted more luxury items, like icecream and videogames!
@Jon Luci Sadly, you are correct about the sad, slavish, sheep minded people - they're called leftists and the agitate for a higher minimum wage that is entirely harmful to workers because thy can't wake up from their sheepish existence to actually learn about the topic. Life *is* about making the best and most of what you can *without* thievery or assault on others. Go out and earn as much (or as little) at you want by freely offering your services to the highest bidder such that you earn whatever you ultimately feel you need (or improve your labor skills to the point that you can) and enjoy whatever leisure you have based on your personal preferences. Life has literally *never* been easier (even now for millennials - the "poorer" generation being based on data from 2009-2013 and hopelessly out of date). And for every entrepreneur that eventually retires there are many more seeking to improve their lot in life (and, at the same time, allow workers to do so as well). This is how capitalism has massively improved the living standards of everyone over the last three centuries.
"Noone can get a better job until they have their first job." Guess what happens when all businesses can't afford an entry level job from a hiked minimum wage?
Employer: "Sorry, you're too inexperienced for the money I am forced by the government to employ someone"
Employee: "Please! I need a job to get experience"
Employer: "Like I said, I can only hire someone who's had at least a year of experience in this field to employ you for the minimum wage, otherwise it won't be worth employing that person at all. Everyone else that's over 1 year of experience already is making $15 an hour, it wouldn't be fair to them."
Employee: "Well I need the experience..."
Employer: "Well if you want experience you can volunteer until you have a year of experience"
Employee: "Alright, since nobody else can hire me anyway"
Lesson of the day: "The true minimum wage is $0/hr, because you are not entitled to a job." - Michael Knowles
Yep, that's how Europe is....meaning that between 30% and 60% are jobless and forced to live with parents until their mid 30s
15 is bad, but 0 is even worse. Correct me if I am worng of course, but people have this mindset, in which they won't do something unless they get something in return. Why bother working at a job where you get no money? Thus, people will quit their jobs.
You might say "The minimum wage is not the final destination, you can always go get a raise." That is true, but employers are not obligated to say yes. With no government intervention on minimum wage laws, that employer that isn't paying you squat is protected.
I don't know why people listen to Michael Knowles. He is such an idiot
But democrats believe that you are entitled to EVERYTHING. Just as long as it’s paid for with someone else’s money.
@@Stormprobe slight change: "everybody's money". And people who have overwhelmingly much should pay more.
Q: who does the $15 an hour minimum wage help?
A: the government, bumps everyone into a higher tax bracket
Dan D Hmmm ... almost!! The Government CONTROLS where the tax money gets spent, and the politicians control and REDISTRIBUTE those dollars to wherever it benefits them most (keep voters happy = stay in power longer)
Not really a win since it devalues the currency at the end of the day.
@@MisbehavingChild
Duh. A $15 an hour minimum wage only gives an illusion of more wealth. Gas was $0.25 in 1963, if you have a quarter from 1963 you can use it to buy a gallon of gas today. Because it's worth $2.50+ in silver. As long as workers are paid with a fiat currency like worthless Federal Reserve notes, the amount of wealth in this country will constantly go down.
You're not wrong
Tac brakets are dynamic. In the soviet states minimum wage laws caused infaltion
I don’t agree with a federal minimum wage, I believe it should be based on your location, the cost of living differs in every place in America. The minimum wage should be controlled by either local or state government.
Dariana Ortiz exactly. In like Nebraska you can live comfortably on $15 an hour, in San Francisco you’d quite literally be homeless. National minimum wage is a HORRIBLE plan for a country the size of ours, it should absolutely be up to states to dictate the minimum wage at the county level.
I don't believe in any minimum wage. A job should be worth exactly what someone is willing to do it for.
Dariana Ortiz agree but with control of minumum wage, naturally will raise no one needs to control that
Everything that does not involve interstate commerce or things that involve the country as a hole,should be handled by states.That is why state government exists!
There should be no minimum wage.
I used to think the minimum wage hike would have helped me if I made more I'd be able to buy more stuff. They raised it and then my work cut my hours and I learned really quickly that I didn't understand economics.
Lol you live and learn baby 🤣
It just so happens that everything cost more, aswell.
Milan What you are not taking into account it raises the cost of goods and services so in effect his paycheck doesn't go as far.
Earning the same? Who was your math teacher, Nancy Pelosi? He never said he's earning the same. He's earning more on a hourly basis but could be earning much less in total since he's working less hours.
Mauricio Leandro it's youre math that's the issue.
$15/hr for 20 hrs=$300
$7.50/hr @40hrs=$300
Less hours. Same pay. The issue is that the cost for goods increases because the company is still paying twice the amount they were before. Most likely, fewer people will work a shift if possible, so the work load goes up as well. It's a tricky situation.
if a business owner is making less than his employees do you really think hes going to keep his business? yea right
It's a sunk cost fallacy. If they give up then and there, all their investments are going down the drain and they might not have any options left. But some mad people think they can pull it off if they can scrape by until business starts ramping up.
Do I think they're silly? Yep. Does it still work out for a small proportion of business owners? Yep, that's risk reward. It's up to them to play stupid games like running a business where they barely earn anything.
The last time I looked in the first year 80% to 90% of all small business" fail even at low wages! Henry Ford figured out that if you don't pay your workers a decent wage they can't buy your goods. In the late 1950's , when the min wage was $1.00 per hour, I could buy 10 big hamburgers. How many can you buy now for $15/hr. ? A Whopper cost around $3 if you get in on the 2 for $6. So for $15 plus Tax you can 5 burgers.
Who said anything about owners making less than employees? I don't think most people mind an owner making 2-3 times as much as their workers. Heck, you could even argue the owner is worth dozens or hundreds of their employees depending on the business and the owners involvement/liability.
It's when they're taking home thousands of times their worker's salaries (or more) that people tend to have a problem with.
I don't think this guy is surviving on ramen....... His workers quite possibly..........
@@EpicPrawn "I don't think most people mind an owner making 2-3 times as much as their workers." And that's minus whatever goes in towards business expenses (Paying for supplies, R&D, expanding to new facilities, etc.)
the guy that owns McDonald said if it goes to 15$ an hour hes firing all cashiers and putting in automated machines in.
you would press on screen what you want swipe your card and wait for your food
Then we need regulations that stop him from doing that. Working people don't need to be slaves of greedy corporations. Currently some corporations don't simply pay enough money for their workers. The minimun wage should always be a living wage if you work a full time job.
minimum wage was never meant to be a living wage.
also i can see why he said that,its b/c if he has to pay employees 15$ minimum wage he then has to change his price from 6$ for a mc,double to 12$ for a mc,double to make up for the cost of product.
its easy to see hes rich and has enough money he could pay more,but what most people don't relies is running a business takes a lot of $cheddar$ to run it and even more so when you have a company with millions of locations world wide.
and no we don't need a regulation to stop a business owner from running a company how he/she see's fit.
desert 321 you didn't open restaurant
Don't force owner just because your selfish lazy dumb ass can't find a good job. There are other people who would be grateful to have a job. I m sick of you self entitled bums.
Minimum wage should be a living wage. What's the point of even working if you don't make enough money to survive? I haven't spend much time with the cost of things would rise argument, but Australia for example has set a minimum wage and I don't think their everyday food products cost a trillion dollars.
Minimum wage jobs are meant for people who have never worked or been out of a job for a while so when they apply for a better job they have some experience,it WAS NEVER meant to be a permanent job career
Minimum wage is good for AI, who don’t need wages.
That's a lot of money for unskilled labor.
If I was forced by judicial or legislative fiat to pay $15.00 hr. for unskilled labor, I'd hire NO ONE, and simply do the work myself.
Then do it yourself.
When I started my level 2 system admin job my pay rate was $15. I got B.S in computer science because I'm fresh out of college I don't enough real-world experience so I started off at $15 so for those who say $15 is for unskilled people is totally BS
@@romjaheim01 and here bro...only I'm a finance major making peanuts at an insurance company.
@@kingwill3953 it's crazy I just got a raise at my job and it was only .001% raise at a large IT services Company what kind of shit is that
Sounds great, you should do it yourself. Not everyone can go to college and have a great paying job. Just pay people so they can pay there bills with out living off the government
Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@Florencecoxx That won't bother you if you trade with a professional like *Sarah Alma Martinez* my consultant. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so.
@@BeverlyTalley You allow people to trade for you? that's interesting, How can I be part of this project I earnestly hope to build a strong financial future I'm interested to take part, I would love to learn, hope it’s safe..?
@sheilajensen This is the Fourth time I'm seeing someone talking about Sarah Alma as there are lot of testimonies about her, do you know her ? if yes , did you invest with her?
@@Florencecoxx It's 100% safe and legal, She’s an expert trader on stocks and bitcoin. I basically do nothing but collect profits, she was able to get me in early on most of these stocks and I exited just at the right time, her analysis was really on point
2:18
Worth remembering, 1 1960 United States Dollar has the purchasing power of 8.65 Dollars today
A lot of the points he made are invalid, including this one where his example was supposed to be that he's getting paid a lower minimum wage. Ironic 😂
He did not say that one dollar was the minimum wage. In fact, he is so insightful and educated that I have no doubts he earned a higher amount right off the bat.
For those that take initiative and have the drive, they will find themselves earning a fair amount. Those who deserve 7.25 are in that position because they are unworthy of being paid any more.
chickensseeall He never said that. What he said is that many workers will make less if minimum wage is raised to $15/hour. This has already happened in many places. Minimum wage was raised and employers had no choice but to cut hours. In any job, it comes down to how much value the employee provides.
This post was not to be either pro or against raising the minimum wage. I was just laying out facts, no strings attachrd
If the minimal wage increases he value of the currency decreases
Im tired of californias bs. 15hr for minimum wage jobs everything will be expensive lunch gas rent. .
Taxes will go up too!
Wage rises do not cause price inflation . Corporations LOVE filthy Socialism
Thank you. I live in San Diego, where the minimum wage was recently raised to $11.50/hr at the beginning of the year and I've seen these same effects happening: everything more expensive, it's harder to find a job, and I'm only working one day a week. I really hope this helps to wake people up and makes them realize that a higher minimum wage won't solve anything
+justanotherchannelonyoutube Yup its minimum wage that makes san diego expensive. Not the fact that its one of the most desired cities to live in america due to the weather and its proximity to the coast which caused a massive influx of people to move there which drove up costs of everything especially real estate. I mean San diego is 10th in terms of population growth just last year. If anything minimum wage would help combat raising costs and homelessness that tends to follow a city exploding. The same thing happened to Denver, 10 years ago 900 bucks a month would get you an apartment that 1600 gets you today and minimum wage has nothing to do with it.
reaper39 >> Minimum wage cannot help combat homelessness, since 0 dollar (being without a job) is fast-tracking you towards being homeless. You better go back to Eco 101.
+Zarkow Thats implying that its minimum wage thats causing joblessness. Which in the case of San diego is not the case. Much like cities like Denver and Seattle, San Diego has exploded over the last 10 years or so. Minimum wage has literally nothing to do with it, its simply supply and demand. Much like the other two cities Demand has exploded while supply has a limit. But you can't punish workers simply because theres homelessness. Listen if you want to follow a similar collective bargaining outline that many european nations have that don't have a minimum wage then lets do it. But the fact is america is anti union and you either need a union or a minimum wage to protect low skill workers. I don't need to go back to econ 101 to know that. Life isn't as simple as a price floor creating a shortage because a supply and demand curve says it does.
justanotherchannelonyoutube
Start your own business. Network Marketing is the way to go. Pick a company you like in a field you enjoy and roll with it. I'm with Arbonne because I love their stuff, but I'm not exactly a suave talker nor have "the image" but the ethos and products suit me more than fine, so that's what I use. And no, this isn't a shameless self advert, but an honest suggestion if you haven't already considered such an option.
prices are tied to wages. All High school students should be required to understand economics before they graduate.
I laughed when he said employer pay as much as they can. 🤦♀️😝 Employers try to pay as little as they can.
You're thinking about walmart and amazon. Small business live and work with their employees and pay them as much as they can. I know because I have a small business.
@@billysmith9730 nah it's every employer shut your lying mouth
@@innergutz5338 haha you’re a child.
@@innergutz5338 I guess your just pissed cause you are a burger flipper and you think you know it all.😂
You dont get paid a lot for having 0 experience. Thats how it works. And a lot of businesses actually do push paying people the most they can. Thats also why they cut the hours. Of course if you watched the video like the intellect you are. You’d know out of common sense that if minimum wage increases its rather they terminate employees or they decrease hours by a lot. Either way you should already be out of that field if your an adult. Pushing for minimum wage increase is only because you dont want to actually earn what you get. Plain and simple. So honestly, shut your mouth kid and go work a real job and see if you support kids in fast food getting raises for 0 experience then running your pay check over that you actually earn.
@@calebwhatley5299 lol and because u say so and it's in a UA-cam video it's fact right. Plus you need experience to get paid more but can't get the initial experience without lying about having experience🤣 it's a joke. You're a liar. And people like you are scared. I love it when you reply it really gets me off
If governments care so much about increasing wages they should reduce tax, that way businesses will have more money to pay their employees, or better yet, the business will grow in scale and complexity, generating better paid managerial positions which adept and industrious employees can fill, which will increase wages without the need for clumsy state intervention...
You Sir...are too smart to go into politics.
In that case the government will receive less money for city needs
PC_Hero Wages will increase, so the amount gathered from income tax will increase. As well, the taxs gathered from the extra goods purchased will add to the amount of taxes gathered by the state...
Wrong. More jobs = more taxable incomes = no loss in tax revenue.
A simple math example: Say the tax rate is 50%, your taxable wages is $100. $100 x 50% = $50 Now, let's lower the tax rate to 25%, which frees up money to create more jobs, thus increasing the taxable wages to $200. $200 x 25% = $50
See, lower taxes will not change tax revenue.
Taxes should be abolished, same with the government as a whole if possible. Government is often the reason monopolies happen(granted I still think some would happen with capitalism no matter what) but the government worsens that problem.
A $15 minimum wage will effectively cause a raise of about 33% in Ontario, Canada... I work full time making between $20-$30 per hour. Can i ask my employer for a 33% wage increase over the next year? Oh and without providing any additional time worked or productivity? I wonder how that will go over?
How would you fix poverty in one sentence?
ZiggyTV - Teach people how to manage their money, starting in grade school with continuing courses throughout middle & high schools and to not spend more than they earn (Common sense in my book).
I would also not ask such a difficult and controversial question and then impose inane restrictions.
Teach how to manage money... ok teach me. My rent is 770 (for 1 bed 1 bath nothing extra which is avg were I live) gas 20, food 250 phone and Internet 60 (cheapest i could get) utilities 40 (part is split with rent) thats 1140$, I don't have health care and insurance on my car. working 40 hours on 8.50 is 1360 be for taxes. Tell me how you can math me more money?
Sure you can "manage your money" very well with education but just like Slanik's example many people are barely getting by and they make even less than them at $7.25. Not really fixing the problem just putting a band-aid on it.
First off... I did not say i would teach you how to manage your money - that is on you bud, but i will give you some advice that has worked for me. I said that money management should be taught at an early age and expanded upon in middle and high schools - implying that the education system would do the teaching. My parents also taught me how to manage my money, so yours can also help - if that is an option. You can also go to your bank and ask them for advice. That advice should be free as you are already using that bank to store your money; unless you use a cheque cashing/ money lending place to do so - then you would be obligated to pay their exorbitant fees. And as for your $8.50 per hour rate... is that a server's rate, or something else? What is your education level? some advice: Maybe move to a place where rent is cheaper. Maybe move to a city/ town where utilities are less expensive. Maybe get a flip phone instead of a smart phone. Maybe give up the internet and only use the library or your work to access emails. Maybe find another part time job to earn more? Maybe find a room mate to help share those costs. Maybe come up with a good idea, break it down, go to your bank and ask for a loan to start a business. I cannot help you with food prices... we are all in that same boat, unless you choose organic, then you could probably do without that. Actually, you could buy some seeds and grow your own food - you can even do this indoors at a reasonable price. This will not subsidize your food supply, but it will help with some of the fresh items, which are typically more expensive. You can also go to your local library and rent out some books on money management - I recommend: The Wealthy Barber, or Street Hockey Millionaire. Another tip to saving some money is to get a credit card (if you can) that has a cash back incentive and low fees. And ONLY spend what you can afford - this is crucial. Also, pay it off in full every month - try to do so at least 3 days early in case the banks mess up or something - this happens and has happened to me. this will help you build a credit score and will help you in the future if you need to get a loan or a mortgage. Another option instead of rent is to build a 'Tiny House.' If you have a friend or family member that will allow you to park it (it should be on wheels so that you can get around building codes) on their property, that would be beneficial. You could also go to your city hall and ask their surveying/ planning/ development (not sure of the correct term here) people if there is a very small scratch of land you could buy to park your tiny home on. Another option is to give up your car (if it is not absolutely necessary for work) and use public transportation. Or become an Uber Driver in the evenings, or take customers on your way to and from work. There are literally hundreds of options you can apply to your situation. I am by no means a financial planner, but i am not totally bad with money. Oh... and one other thing that most people overlook - if you are to have children, plan ahead. You don't have to get married, but try to stay in a relationship with your partner and share those expenses (approximately 10 k per child per year is the average in Canada - factor this in before you commit to a child) because single motherhood/ fatherhood (worse than it is for mothers) will almost guarantee poverty. There are studies that support this claim. If you have a dog or cat... this is a luxury and i would say not necessary. But easier for me to say, as i am not and never have been a pet person, nor will I - the costs do not out-weigh the positives in my book. Just my 2 cents :) Let me know what you think - I look forward to your reply.
Fix the Dollar not the wages.
Papa Smurf agreed. The feds been printing money like there's no tomorrow meanwhile the rise of minimum wage has only been rising by something like 5 percent per year since the early 70s. Meanwhile CEO pay has increased by almost 800 percent. I'm not saying all companies should pay 15, but the fortune 500 who account for almost half of all 'entry level' jobs, and could certainly afford it given their CEOs exorbitant salaries, should definitely do it. If they insist on passing the expense on to the consumer, then they should be boycotted. But who am I kidding, people need their convenience food and parts.
Papa Smurf that’s the problem. When we print as much as we want, the dollar becomes worthless.
I started at McDonalds at $3 and now make over $50 an hour. I am always thankful for the opportunity that $3 an hour job gave me.
But imagine how much better your life would have been if that starter job had paid you a living wage, as every business should.
@@RebeccaTurner-ny1xx no, he would just probably not getting the job, cuz business had no money for one additional worker, and even if it does, it would take someone more valuable and able to work more for their 15$
@@RebeccaTurner-ny1xxhe would have not gotten the job in the first place if the minimum wage existed. You are holding an evil position and minimum wage directly causes unemployment
@@RebeccaTurner-ny1xx I would have to argue with this statement.
Think of a small business just starting out, and they have to pay for their own home, their own food, and supplies for their business, and don't forget they have to pay for the building and that's enough as it is. Now we are asking that same business to pay another $8.00 an hour. That is just not possible or realistic. If you want a job that pays a lot of money, go work hard and get it.
Think of this. Three employees work 9 hours a day, 5 days a week. That would cost the employer $2000.00 a
week just paying three employees. That is WAY too much.
You can't demand that amount of money from someone. It is selfish, that is what it is.
@@indeec9538if McDonald’s doesn’t have enough money to pay their workers a living wage then they can cut the salary of their ceo
"Socialists would rather the poor be poorer, provided the rich were less rich"- Margaret Thatcher
Thatcher is stupid
The Tumans but not wrong.
Beter Bang Margret Thatcher was the instigater of the destruction of British industry and the policy of greed being good. History will see her as a strong woman but with totally misguided policies that only benefited the wealthy to the detriment of society as a whole
andy kostynowicz British industry was already desyroyed by the labour government. Who made it uncompetitive and operated businesses that werent even profitable.
The Tumans that's why people in socialist Valenzuela eat rats and starve. Cuz they wanted equality.
Last McDonalds I went to most of the employees were older. They looked like retirees who were supplementing their meager social security benefits.
End the Fed and go back to a gold and silver standard and the minimum wage will not always have to rise because of the devaluation of the fiat Federal Reserve Notes.
Ba-zing!!! 😊
But then what would the value of our currency be when it goes back to a physical commodity? I'm pretty sure the only countries that still do that are third world countries with the buying power of Zimbabwe.
Bernie loves to say we should be like Scandinavia in terms of having "free" healthcare, etc. But he doesn't realize (or perhaps hides the fact) that they have much freer markets than the U.S. School vouchers, they don't penalize the wealthy with high corporate tax rates, *and no minimum wage laws!* They learned their lesson some time ago (especially Sweden) that capitalism is the best way to get to where you can actually *afford* the programs they have. Supply has to raise with demand. But the U.S. continues to lower one and raise the other, smh.
Not only that, the US props up the vast majority of their military powers, so their governments have to spend next to nothing on military costs. Then of course their healthcare system is boosted by having small populations in comparison to the US, mostly homogeneous with little racial tension and violence between races, gangs, etc, while also enjoying far fewer freedoms than countries like the US, which is why we have a shorter life expectancy. I'd rather live a slightly shorter life that I actually enjoyed as opposed to a long life of infringements
@Cristi I've read plenty, that's how I know there aren't any minimum wage laws there at all. And you can Google this to confirm.
@Cristi Naturally, there will always be a minimum wage in the sense that there will always be a minimum amount someone is paid in that country (even if it's $0 an hour, which BTW *is* the real minimum wage in every country but I digress). I specifically said these countries attain success despite no minimum wage *laws,* and that's certainly correct when it comes to Scandinavia.
The Democrats aren't pushing for the minimum wage to go up except through laws.
@Cristi What I meant was that there will always be a "smallest amount people are paid". That's a minimum wage, technically, but it's not a result of any law.
I'm fine with unions, protests, strikes, etc., but the government has no business forcing anyone to pay more than they want. If they're paying too little, they'll struggle to get good employees. That pressure from the free market will cause them to find ways to raise their wages. If not, they'll just slowly go under as more jobs are created. It's just like anything else; competition will be the driving force.
@Cristi No. Regardless of industry, the people (yes, even the evil "greedy" 1%) should be free. People who are unhappy with the wages they're making seek other opportunities, whether in the same industry or a different one. And BTW, this is why when Trump deregulated the market and cut taxes, we saw not just record-low unemployment rates but increased wages to match.
For people saying that employers are making millions and therefore should pay their workers more, have you considered the fact that the employers maybe deserve it? They're not just sitting on a big black leather chair with a cigar and a scotch while laughing evilly as their employees "slave" away. They work 60+ hour weeks and put in an unbelievable amount of effort and money to get where they are today. If there's no incentive for people to slave away for 100+ hours a week to build a successful business, like MONEY, then there will be less jobs and less businesses. A lot of business owners risk everything to build a successful business, and then the people flipping their burgers want the same pay as them?
Flipping burgers doesn't support a family. Go to school, don't have kids until you have money, and stop complaining. But that takes a little bit of work and self-control, so it's a problem, right?
Genuine Peach ... they also shoulder ALL of the risk. When the knotheads don't show up with no warning... the owner usually starts doing menial labor to keep the ball moving.
In Alberta, we had a perfect minimum wage. We were the only province in Canada creating more money than spending. So much so, that we lent some to other provinces. Then, the NDP won an election planning on increasing the minimum wage to $15 an hour. My step-mom is a regional amanage to Paris Jewellers. Because of this, they would go into debt because they would have to spend more money in employers, so to avoid that, they were forced to close stores a layoff hundreds if employees. Finally, she had to raise the prices. So, the only things that come from raising minimum wage was higher unemployment, worse economy, and higher prices.
Well then they were operating on a false economy. If I get a bunch of slaves to work for me then I'm sure I could run a pretty successful(TM) business.
Isaac West so true I am 16 trying to get a job and everyone is not hiring . I have went to fast food joints looking for people who had jobs before as they don't want to train me as it will cost to much
@Dylan Beaupeurt: I love this abject nonsense that tumbles out of the mouths of people too stupid to understand how businesses work and where jobs come from. Jobs to not rise out of the mud fully formed and ready for resumes. businesses have to be prepared to gamble their financial stability on the success of the business.
Would you be thrilled about a 20% hike in your rent?
You run the argument as if business owners are all these thieving fat-cats that laugh as they skim the wages off the labor of their employees.
The reality is you are a lazy, self-entitled, two bit socialist, who thinks their precious entitlement and lack of motivation to actually accomplish anything should be enforced by the government at the expense of people who actually work for a living.
I sincerely hope you enjoy working 5 hours a week and ordering from a god damn automated cashier because idiots like you use the freedoms from societies built on hard work to elect governments that collapse them under the visage of altruism.
yeah lets just remove all incentive to work completely and treat people with skills and experience, exactly the same as people without them. After all what is the difference between an Accountant and a waiter?
or a cashier at a grocery store vs a carpenter.
Why should people that work hard and have skills be paid to do them when they could all work for the same wage regardless.
"from those according to their ability, to those according to their need" Is the tyranny of the lowest common denominator. ending in despotism and starvation.
you have the audacity to attempt a moral high ground describing "Fairness" when you have previously stated that people with skills and experience should have their wages stripped for the purpose of equity with the lowest common denominator.
Funny description of "fair", as it translates roughly to tyranny.
you describe the opposite of fairness and equality by promoting equity by state mandate.
All while paying pretty lip service decrying the horrors of the Bourgeoisie and justifying their replacement.
by STARK contrast to everything you have said, what makes SENSE in reality, is people being paid what they earn.
Unskilled labor accounts for a MASSIVE amount of most service industries. Increasing the cost of that labor does not change the value of it.
It only hurts the business which passes that cost to its employees by cutting their benefits, salaries or hours.
It is not a coincidence that the Min wage state over the last 30 years has contributed to the lowest recorded full time labor force with the highest ever rate of part time employment with record levels of unemployed youth (AKA unskilled labor).
The similarity between Accountants and Waiters is that they are both people. Beyond that, the comparison is not justified.
one is an entry level job and the other a technical skilled profession.
one of these peoples labor is worth more than the other, because the task they perform has more value to the business or requires special training to accomplish the labor. Just like a waiter who has worked the restaurant for 10 years is worth more than the same person on their first shift.
This is the problem with socialists, it comes down to entitlement. you have no worth ethic, you see the success of others as unjustifiable or perversion of the natural law, you feel entitled to the labor of others, and most importantly, you fail to see the tyranny of your own ideas taken to their logical conclusion all while you advocate for the removal of the social protections paid for in blood for your benefit.
*plays Soviet Anthem loudly*
NPC #9258813 politician=Communism?
If yes then I’m in
Funny how Business is in love with filthy Socialism and especially Government handouts .Is this why the Soviet anthem is playing loudly . Having a central bank is one of the 10 planks of the Communist Manifesto .End the Fed and back the dollar with gold and silver .
Im in
Communism: Good in theory, terrible when executed.
Pinewoodpine if a theory when tested several times always results in economic crisis, then it’s a bad theory (scientific method)
This video completely destroys the $15 minimum wage argument.
Except it totally doesn't. What they do not insert is how the minimum wage has gone up only 35% in the past 20 years but the cost of living is up 97%. They act like the money saved by employers doesn't exist. When everything else goes up in price except for what u pay ur employees...that is making a killing. Because what u pay ur employees remains the same but they have to pay more for goods now while making the same is one of the biggest slaps in the face to any working American.
@@HellYeahDude5000 your argument doesn't invalidate the fact that businesses may not survive if they increase the labor cost. they would have to raise their prices which may lose customers. imagine yourself as a business owner.
If you're an idiot.
@@jsrosete84 Then raise the damn prices. We don't need $1 breakfast MacMuffins.
Minimum wage creates jobs
Working class people having more money will spend this money back into the market
Business will capitalise on this riseing demand and thus jobs will be created to supply products and services
15$ an hour = super inflation
+ Irreversible economic collapse
einar jørgensen and guess what? More income, Higher Taxes!
15$ an hour = every employer requires 8 years experience. good luck
EQUAL MASSIVE ECONOMIC STIMULOUS. WHICH RAIS THE TAXES BASE GOVERNMENT COLLECTS. Just what the republicans keep promising. The this won't cost anything because of all the increased economic activity.. YEA YEA BLAH BLAH or don't you believe you own crap???
Jerry Grauert wow dude taking things out of context
The issue with many people who support much higher minimum wage is that they're so obsessed with their own immediate benefit that they fail to see the long-term consequence at social level.
Yeah, imagine you can be paid $15/hr starting tomorrow! How lovely! But have you thought about the company laying off more workers including you? Reduced salary from reduced work hours? Most of services increasing their price or reducing their qualities to keep the profit up?
You've really gotta think carefully and punch some numbers in your calculator when the deal sounds too good to be true.
@Gregory Martinek Yeah I think Seattle taught a lot of people a lesson. Let's hope no more follow suit
Wouldn't people have more money to spend?
@@jerryarcos9847 for a short time. But when prices correct, nothing really changes besides impacts to the economy. You should look into small businesses and how they were impacted in Seattle. It's pretty brutal when you try to achieve the American dream and the government basically shuts you down.
@@NormanconEVE well considering all these big corporations that replace smaller businesses. Im not surprised they are failing. The larger corporations are the problem for small business. It's not wages. Smaller businesses problem is lack of profits. You could go to for example to walmart and target for furniture, groceries, electronics, etc. and not need to go from small business to small business for these. I'm pretty sure small businesses get taxed quite a bit. These corporations could lower their prices to the point where a small business can't compete against it. If they did they would surely lose and go out of business. While corporations pay little to no tax. Is it fair? Small businesses can't thrive anymore. Unless your business specialize in something a corporation can't buy then a small business can thrive. These corporations are just bullying smaller businesses. Big corporations take advantage of their workers. This whole system is rigged. Small businesses and people aren't meant to thrive anymore. Not in this current time anymore. Corporations are all about profits.
@@jerryarcos9847 well yeah. Corporations have always been for profit. That's the point. If anyone has told you that they are ever for their employees over profit, that person is a moron. The bottom line is that you can't pay your employees without profit. Walmart is an interesting business. People complain that the company makes billions in dollars a year but don't get the point their expenses are billions as well. That the actual net profit is nothing that will change the living conditions of millions of Americans. At least these companies bring jobs to a country who appears to be outsourcing everything including their debt. Minimum wage isn't going to help anyone. It's literally just causes artificial inflation and when all manufacturing jobs are outsourced and the driver's want keep their pay relative to minimum wage, every price goes up. It's like a carbon tax. It doesn't actually help the environment. Big corporations are unfortunately the back bone of our lives and to say they take advantage is a lie. Companies like Boeing value their skilled labor just about as much as their bottom line due to how much they affect that bottom line. It's a win-win scenario for everyone involved. Then you get companies like Walmart who only exist to take advantage of low prices and their unskilled workers. You can even get companies like apple who put 150%+ markup on devices because "r&d" but have 300 billion in cash (1/3 of their worth) locked up in Swiss bank accounts to avoid American tax.the system isn't rigged. People just sometimes support the one who rig it.
5:11 Sounding caring, compassionate and concerned is precisely how liberal politicians keep their jobs. Win-win!
ikr very dum
But republicans scare you with fear mongering and you guys eat that crap up no question.
@@user-gj2bw9sd2d how?
@@user-gj2bw9sd2d I'm pretty sure the events of the past year have shown who's *really* doing the fear mongering.
How all politicians in general keep their jobs, at that.
I can confirm that what Mr Puzder said is accurate. Case in point: France. We have had a minimum wage for several decades that has progressively reached the equivalent of $15 an hour today. It has destroyed millions of jobs, made most businesses hardly profitable and is the main reason why France has had one of the worst unemployment rates among OECD countries since the 1980's with an official rate of 9%, (the real figure is more than 15%). When I had a business in France I could hardly hire anybody and was forced to pay the few I had more than I made myself. After working my ass off and paying high taxes (one of item on the democratic agenda for 2020) ofr 5 years, I decided to call it quit and move to the US.
The crux of the issue is: Who has the right to tell you how much to pay someone?
specialtymachining
Apparently, the government does it to prevent 'worker exploitation.'
Proponents think that greedy employers will blackmail workers to take it or leave it and starve.
It's all very naive.
But the Constitution says the Government is to recompense us for what it takes from us; right?
I agree. People (employees) are selling a service. They can charge whatever they want for their service. The customer (employer) can choose to hire their service or not. The sellers will soon figure out what the market is willing to pay for their service. The customers will soon figure out how much this type of service costs. Once they arrive at the same number, a deal is made.
This is NO different than how we (customers) shop for goods and services. Should the government step in and force the price to be the same everywhere on the products and services that we buy/hire?
The free market works. It works for employment as well. Always think customer (employer) and service (employee).
Marlon Moncrieffe Because it's been done in the past. Remember slavery? Please go back to school.
Gilgamesh Ashur
What does slavery have to do with a private agreement between two FREE individuals?
The prospective employee has CHOICES.
2:40 I heard a villager noise
Prager U plays minecraft
GOGOY
I'm a DMO and @ $12 H/R and I'm not a fan favorite in the restaurant. 🤷🏾
In austria employers and employees kinda sit together and discuss wages and deside on them collectively
@Jon Luci It's not about brainwashing, Jon. It's about who owns the business. And that's the owners. The value of something is what people are willing to pay for it, or in the case of labor, whether people are willing to take a job at a given rate. If enough people won't take a job at X dollars, then the employer will have to raise what they're offering. Supply and demand. You can think that you're worth Y dollars/hr. But if your company can't turn a profit on your labor at that rate, then you really are NOT worth that much to that employer.
@@crucisnh I think part of that was his point, he did not like the low amount they were paying, and because he lives in America he gets to go somewhere else and work there for a more reasonable amount of money. you are seeing the liberal extreme of this, as in the idiots with no education believing they are worth $15/hr.
but your point is a good one too.
@Jon Luci Actually, this time you make a good point, apparently by accident. There are *ample* opportunities for workers to seek employment where their skills are more valuable and it is not all that difficult to change jobs (meaning no such power by the employer). Sadly, you mess it all up with the historically absurd fairy tale that unions benefit workers...
@@crucisnh :Funny how business is constantly lobbying the Government to flood the labor market and suppress wages . Free market ? Supply and demand ? Give me a break . Maybe the business is poorly managed ,
A higher minimum wage would vastly accelerate robotic and A.I. technology. I look forward to being ruled by an A.I overlord in my lifetime.
Better than being ruled by pedophiles with a snuff film collection.
I like how everyone is afraid of automation when that frees people up for better paying jobs that can't be done by robots.
Oh no, your $15 an hour McDonald's job is gone? Well this milk making company is offering $26 an hour.
Something like that happened to me. Went from $12 an hour bar job to making chocolate milk for $18 an hour. Now that I have manufacturing on my record, I'm getting offers for $26 an hour. Climb that ladder by job hopping. It's the best thing to happen to me.
I just had a conversation with a friend about this. She didn't believe me when I said that businesses would close. She just thought about having enough cash to live on our own. If jobs are gone, then she wouldn't have cash to begin with.
Andy, your first job was at $1.00/hour so probably in 1962 according to minimum wage history. That minimum wage increased to $1.60 by 1968 -- only 6 short years later with a 60% increase. Surely that would be more devastating than the $15 minimum wage. The US economy didn't tank from these increases -- 1968 was a pretty crappy year from other issues (Nam, MLK, RFK) but the economy kept humming along. If a raise doesn't help the worker, then when was the last time that you turned down a raise so that you weren't hurt by earning more money?
60% =/= 100+%
I was at In-n-out last night and I asked the guy at the front desk why the workers there are always so much nicer and better at their jobs than McDonalds employees. The guy said "well we get payed more here, so it's pretty mandatory that the employees are good at their job." People act like employer's have no incentive to pay their employees more, but that seems like a huge reason to me. Places where service is better tend to be the places where the employees get paid more.
I honestly love the stupid people who keep trying to justify a 15$ minimum wage.
As someone who has worked at a McDonalds, this is 100% true. I wasn't paid enough to put up with people's stupid shit. Didn't mean I wasn't professional, but you would never see me smile on the job.
Tyler J Wallace You are right. Better pay deserves better quality workers. Did they get paid $15 or just more than Mickey D’s workers? Some fast food places actually have a shortage of employees and will pay higher based on the good old fashioned paper sign “Full time and part time $10 per hour” on the front.
In-n-out can afford to pay their employees more because 1.) they’re not as internationally spread out as McDonalds 2.) They don’t have nearly as many employees 3. Not nearly as many locations -- and that’s just a large corporation deal. Possible businesses and their entrepreneurs can not deal with the risk of a rising minimum wage
EXACTLY! It’s a win-win to be paid better. Though, of course there’s a balance to be struck, no doubt about that. But it definitely isn’t only employers who benefit from having more money. And they also need people to buy their services, so sure it would be good if people actually have some money to buy with. Pay me well and I’ll pay another well who pays another well. Am I simplifying this? Not more than the video does, at least.
2:26 That’s straight facts 💯 because I can’t even get a job since all these 30 year olds be working in fast food or retail.
Eccentric wow
Exactly, I can't find a first job anywhere because I admittedly am not worth the minimum wage currently so nobody will hire even if I offer to work for far less than minimum wage or even for free for a little while.
@@expendablesubhuman8592 Try not being autistic?
In the short run, it helps the bureaucrats. They get more power as you get more dependent. In the long run. NO ONE
If someone wants to make more than the minimum wage they need to learn skills above minimum abilities.
For example, someone who doesn't invest their time and money into professional development, and their content with flipping burgers in fast food, then they deserve that level of compensation for that skill level.
If the same person trains and studies to become a great chef, they deserve compensation for that level which they have worked to achieve.
A higher minimum wage is giving out participation trophies.
and then they get a job at mcdonald's because the italian restaurant they applied for hired the dude who actually went and got first hand on the job experience serving italian food, 10 years ago, and now our mcdonald's burger flipper is thousands of dollars in debt and dependent on welfare, so much so that bettering themselves would make them lose their welfare which would put them at a worse position than they would have been. Now every single cent they have goes into rent, food, and debt that didn't get them a better job.
w2gMk Then you don’t have the right skills.
That's so crazy it might just work.... just like it has forever
why would i listen to a greedy CEO?
You don't. You already assume there is greed. You are like the fraud politician, greedy without gratitude.
Aren’t you more greedy for wanting more money with no increase responsibility? Think before you speak I guess. Hahaha
@@Englandflick that's assuming you think my responsibilities are already being fairly compensated through my wages but unfortunately a lot of people are being underpaid for the amount of work they do. It's not compensated. Think before assuming Englandflick?
@@Englandflickthere is actually zero increase in responsibility
“Businesses pay as much as they can.” That gave me a good chuckle
Your statement tells me you have never been an employer.
@@skipperx5116 I don’t have to have been an employer to know this like I do not have to have played a sport to understand it. Try again with a better argument
capitalist lie way too much.
Most people are paid just enough not to quit, and work just hard enough not to get fired. - George Carlin.
Businesses pay as much as they can because it is cheaper than training new workers. Capitalism works if you let it.
13 years ago I had my first job. Arkansas minimum wage then was $6.25. I didn't care. It was at a vet clinic (kennel care). What's funny though is how my brother and I both first reacted to our first paychecks: the percentage that goes to state and federal social security. That wasn't explained to us.
That's on your parents.
Your supposed to get that money back when you retire. You fund social security for those who are retired and the generations after us will fund our social security. That is how it is supposed to work. To bad that it will be dried up by the time we retire.
I made $3.47 in my first job back in 1989. As someone used to getting $5 a week as allowance I was astounded at the amount of money I could make at a Burger King.
@@thebookwasbetter3650 inflation matters. Minimum wage in the 70’s was roughly $24/hr in today’s money.
@@alyawood6685 oh like a ponzi scheme?
Who does it help? Actually it helps large companies like amazon which is why they support this policy. They know it hurts small businesses and that helps them destroy their competition. When small businesses close, customers are more likely to shop at amazon to purchase things. While amazon can afford to pay $15 an hour, they know most of their competition can’t.
Not sure how people claim to support small business while also claiming businesses should pay $15 an hour.
That's a very good point.
This only hurts employers and employees in places like rural Kansas, but helps big employers in places like Silicon Valley.
I thought companies were moving out of silicon Valley.
So? This is what happens when you don't count inflation and keep wages low.
Silicon valley is in California, 15 dollars won't equate to 15 an hour there . The prices over there are too outrageous for 15 an hour to be a livable wage .
@@rogersepeda That's why it should be 24 dollars an hour.
@@kappadarwin9476 24 as the minimum? If the company can afford it . If the company can't afford 24 an hour the company will go under . You can't accommodate everyone. It's impossible to have one set amount for a livable wage . If you're single with no kids or bills , 15 is a lot . Some are single with kids , some are single with bills , some are married with kids . Everyone's situation is different.
My dad’s friend daughter makes $15 an hour plus tips at a restaurant. Price wise is about the same as Outback Steakhouse and they have free bread plus butter too. The restaurant is apart of a small restaurant and bakery group with ~15 business. The husband and wife duo lets them take a ton of food and supplies home for free besides lobster. Paid vacation plus sick leave too. The hostess is able to support her kids on that salary too plus she normally doesn’t get tips. $15 can work for some people.
They raised minimum wages in my country. Cost of everything went up. Unsusprisingly. So in the end we ended up with the same amount of money minus some jobs and businesses. Yay? Sounds all nice to pay more but actually the reality is lowering tax on basic food products means more for those with low wages. WAY more.
What country?
Well, that sucks for your crappy country, but in AMERICA only 22% of the time (twice) has an increase of the minimum wage corresponded with an increase to the inflation rate. On the other hand, 78% of time that there was a minimum wage increase since 1980, there hasn’t been an increase to the annual inflation rate. If raising the minimum wage was going to cause inflation, it would’ve increased - but it didn’t, and doesn’t. It’s a historical reality that can be proven when you look at the the minimum wage
Did they raise the minimum wage by 10 cents or 5 dollars? $15 is double what the wage is now. It's insane and it would be disastrous. Businesses would have to close down, the unemployment would skyrocket, and our products would become cheaper. You aren't supposed to live off a minimum wage job. It's designed to be a stepping stone for better, higher paying jobs and you aren't meant to work that minimum wage job forever. If someone is not willing to put in the work to get a better job, there is nothing we can do. Humanity can not support lazy people who refuse to pull their weight.
@@dragonninja3655 Printing money causes inflation, not raising minimum wage. Only 22% of the time (twice) has an increase of the minimum wage corresponded with an increase to the inflation rate. On the other hand, 78% of time that there was a minimum wage increase since 1980, there hasn’t been an increase to the annual inflation rate. If raising the minimum wage was going to cause inflation, it would’ve increased - but it didn’t, and doesn’t. It’s a historical reality that can be proven when you look at the the minimum wage increases versus historical inflation rates.
Summer Skull did you read his reply cause it debunks that argument
As a conservative liberal, I have to contradict the claims that were made: I'm from Germany and five years ago our government introduced a minimum wage for all working people in the country. Opposition to the bill argued that the implementation of a minimum wage would increase unempoyment rates, force businesses into banktruptcy and overall lower the economic productivity of the nation. None of these happened: What happened was actually quite the opposite: No business went into banktruptcy or had to fire workers, instead the workers had much more capital on their hand to spend so that demand and consume increased providing the opportunity for higher production and thus higher revenues for all businesses. In short, the introduction of a minimum wage was a blessing for the german economy.
Mmm very nice, I just can’t that this is the least liked and viewed.
There is a difference between 7.25 and 15$. Raising the wage gradually to keep up with inflation is fine, suddenly doubling business's biggest expense is another.
Do you have an article or study about this? I'm interested.
@@davidxiao7776 Exactly
David Xiao it wouldn’t double their biggest expense...
It doesn't. The only way it would help is if nothing ever got more expensive.
Tie it to inflation.
+Michael Morse ...and render everyone whose skills are not worth that much permanently unemployable. Minimum wage laws have never resulted in anything but disemployment, most notably job loss.
Thats because the ceos hold on to all the money. That would put them in a difficult situation since the jobs still need to be done but they also must pay their fair share. This isn't about not having the money to pay them, its about the super rich hoarding all the wealth that everyone works to obtain. the top 1% own more wealth than the bottom 50%, and it is not even humanly possible to work that many times harder than everyone else. This isn't about people feeling entitled to more money. They NEED more money to LIVE, if they don't they spend their whole life waiting for the next mistake to land them on the streets or sick or hurt so bad that they cannot work, then that starts them on a downward spiral that is nearly impossible to recover from. The system needs to be fixed so that the working class does not suffer and die for ridiculous reasons like greed.
Michael Morse Some what true. However do you expect the rich to help? Yeah right. I wonder if you were a Banker, would you help? Easier said than done.
+Micheal Morse Where do you get such economically illiterate nonsense? The pricing system in the marketplace literally guarantees that everyone (from floor sweepers to CEOs to investors) get compensated at the full value of the economic contribution that they make - that, not how "hard" someone works is the only relevant factor). It is economically impossible to underpay workers. There is no "hoarding" (the "rich" invest their wealth in productive activities that make employment possible and, in fact, the average CEO makes between 4 and 5 times what the average worker makes. You can always recognize complete ineptitude when someone mentions the "top 1%" as if it had any relevance to anything. The bottom 50% has never been wealthier in all of human history. Total real compensation has increased in every decade since statistics have been kept. Poverty rates are near historical lows and that's without factoring in certain transfer payments (TANF & EITC) which would make the real poverty rate nearly 10 points lower.
Further, setting aside the fact that the federal minimum wage approximates the poverty level for a family of three (so it *is* technically livable), essentially *NO ONE* is trying to live on such low wages. A mere 0.4% of American workers make the federal minimum (median pay exceeds $30K) and essentially *none* of them are trying to live on it, being overwhelmingly secondary income earners - typically students - or people with another primary income source (i.e., retirees). Poverty is emphatically *not* the result of inadequate wages but lack of employment. Nearly two-thirds of working age individuals in poverty did not work so much as a single day in the year in which they were so designated. And the great majority if the rest worked neither for the full year nor full time. The consistently employed full time worker in poverty in this country is almost entirely mythological.
What needs to be fixed is your complete disconnect from reality with regard to the state of the world.
I see two possibilities for the US going forward:
1. Skynet takeover
2. A red flag with a hammer and sickle replacing the star spangled banner.
Along the East coast, in the 90s, a bizarre trend occurred. Big companies began laying off all their full time workers..., and then hiring them back as part time.
This freed these big companies of all the burdens of providing health insurance, paying people for vacation time, etc...
That, along with the big credit card industry explosion, drastic, and damaging changes took place in the blink of an eye..., yet today, we barely remember it.
Family incomes dropped significantly, and more and more families began to rely on credit cards more and more
Even though the average household's income shrank..., families were spending either the same or more than they used too..., because now the "magic" of fake money was catching on.
When society is spending more (via credit cards) the "experts" decide... "The economy is great, people are spending", which causes all the industries to raise their prices, which increases the cost of living...
Meanwhile, the average starting wages do not increase through 2 decades.
Remember when you could find jobs "locally", which may have started you off around $10.00 - $11.00 per hr, and you also got decent benefits, which added to your wages?
Now, you cannot find those sort of "local" jobs..., you have to travel to work on clogged highways (which means you have to have a reliable vehicle), to get a job which still starts at $10.00 - $11.00 per hr..., yet now there are no benefits to go along
Some really messed up shit happened between the late 90's - 2000's which set off chain reactions, which we are still dealing with today. Today, everything is a mess..., yet most people ignore it.
People seem to be happy to live well beyond their means..., simply slapping everything with the magic-plastic card.
They seem to have no problem buying a $100.00 item, and paying $200.00 for it (by the time it's paid off due to interest)
Going out to eat several nights a week..., out to the bars almost every weekend (if not every weekend)
Spending far more than they can actually afford, so they can show off or simply keep up appearances, with friends and neighbors.
And if one thing goes wrong..., the world will literally crash in on them.
As far as raising the min wage to $15.00 per hr (sure, great..., should have happened some time ago, in the 90's
But here is a problem.
Say a person working at McDonalds, get bumped up to $15.00 per hr.. Say there is a person working a job in the skilled labor market, who makes $15.00 as well.
Why would the 2d person stay at a job, where they bust their ass to make that $15.00 hr..., when they can just go work at McDonalds and get the same rate?
There is more to that scenario which can get quite detailed but..., you get the idea.
And now do we give those working in skilled jobs for $15.00 hr, a raise up to $20.00 - $25.00 per hr? And the chain reaction goes up from there.
The jobs which used to be meant for young people just entering the workforce ("entry level jobs"), and part timers, etc... were never meant to be a job one chose to raise a family on. But now that is what many do..., which is another part of the problem.
If I'm in the skilled trades lol I want $35 an hour
That last part of your statement is as true as it gets. You don't plan to work at DQ etc and buy a house raise 3 kids etc etc
And that's exactly why every time minimum wages go up, corporations grow at the expense of local businesses. The latter cannot afford to increase wages, and either go out of business, or lay everyone off, and remain a sole proprietor running their own shop solo.
And the older generation keeps blaming the new generation.
I am not going to get political or anything. The only thing I wanna adress is, he said he earned just 1 dollar an hour in the 60's. But that is actally $8.59 in todays money. So not really that bad for a first job.
Depending on where you live. If you live in NYC for instance, that won't even pay your rent
@@poolplexer Of course not. But what I am saying is that he makes it look like he made barely anything even tho he earned more then most do these days. But I agree that people in NYC should defo earn more, since they have more expenses.
That is somewhat why raising the minimum wage doesn't do that much. A minimum wage of 1$ was enough to live off of back then, but raising the minimum wage didn't have any real benefits because it just made the cost of living higher as a result as well. I believe a small min. wage is probably necessary so employees aren't mistreated and taken advantage of such as in some of the poorer countries, but higher minimum wages does not bring much good. Though anecdotal and probably lots of variables to consider, I moved away from my home country to work at a low paying job internationally (with the exchange rate I was earning approximately 4.25$/hour) but I would always have enough even after paying rent, bills, and food. After returning home (they had raised the minimum wage from 10$ to 14$ while I was gone) to a higher paying job back home (18$/hour), I saw that my pay check did not go as far. Food took up a bigger percentage of my paycheck, and luxury goods (such as video games) had gotten more expensive to as a result. In the past I would a get a new game or two a month, has resulted in me not buying any games at all unless they were old and severely discounted (though the video game example could be more reflective of the video game industry, I still found that I could purchase games while in a foreign country easier).
This is simply not true. I've been to Australia where Mcdonald's pay 18 bucks an hour. The cost of living is only slightly more and poverty far less. Australia has a higher standard of living than the U.S. I would pay 50 cents more for a burger so some one can have a living wage. Having is not good if it is not a living wage.
Everyone I know who has visited Australia has told me it's extremely expensive, could just be the exchange rate but worth thinking about.
Ollie Henry That's because when people visit foreign countries, they typically go visit and see tourist attractions, and those are expensive. (E.g: France is cheaper for natives, then for Tourists)
A small apartment (and I mean 400sq ft) is like 1800 dollars a month. It’s expensive
+Marc Hedlund Where are you staying? Are you staying in a sensible place for your income, or are you trying to afford a place near tourist stops, in the heart of the city? There are tons of expensive places like that in New York as well, it doesn't mean the minimum wage is at fault, because it's not. It likely means that you can't afford to live in that neighborhood.
trenvert123 a sensible apartment near a place I was working. “France is cheaper for natives...” ? No, that’s not how economics works
Employer: "Prices for things are going up."
Employee: "Aren't they always"
They sure are, including wages. That is SKILLED wages.
Yes, but not nearly at the rate they would with a sudden spike in minimum wage. A federal minimum wage increase of that magnitude is like putting a Band-Aid on a gunshot wound
It's called inflation.
My senior year in HS, I worked as a janitor for my school. I was $10 an hour. Although I wish I made more, that job isn’t worth more than $10 an hour.
You've got your head on straight, my man. A fair wage is one that pays what the work is worth.
18 years ago in college, my work-study job (tutoring math & science) got me $6 an hour. Pretty sure it was worth more than that, but that's a gov't program for ya.
@@grantjohnson5785 18 years ago...$6 an hour. You wrote this comment one year back, so 18 years before that would be 1993. $6 in 1993 = $12.30 today! y'all keep forgetting that inflation exists
Of course not, if the minimum wage goes up, so does inflation too. Then it's just like making your old minimum wage again.... Doh
What a guy making 70 burgers an hour gets his wage doubled to $14 an hour, it doesn't double the price of the burgers, "genius". It adds just 10 cents per burger, "genius".
@@dizzywow You know, if he makes 140 burgers an hour, it only adds 5 cents? And better yet, we can now fire the other guy that was making 70 per hour.
Inflation is going up anyway. In fact, if the minimum wage remains stagnant over time, it effectively goes _down,_ because the same amount of money is worth less.
@@spongeintheshoe when your government prints billions of its currency every year to go to foreign countries for vague or silly reasons and gets off on increasing its national debt, yes.
@@shaneyy__ but how does that explain the inflation of the cost of the products? The business gets to decide how much their products cost cuz of Capitalism, so the most the government can do is increase sales taxes, but regardless of that these businesses are STILL inflating their prices with no government interference so how is this a problem with government being dumb? Please correct me if I said anything wrong
Sorry, but unless you are 18, in between jobs, or are going to school on the side, you shouldn't be in a profession that pays minimum wage. Instead of protesting against the current minimum wage, maybe you should spend that energy on acquiring new skills, which will enable you get paid a good wage.
Exactly. Learn a trade/go to college/be an entrepreneur etc. overpaying menial tasks is a recipe for purposelessness & crippling inflation
@@all_angles8528 I hope and pray that you and Ilia never have a person in your life with a mental health issue, I work for a drop in center that provides social environments for those that have mental health issues I have spent 14 years "acquiring new skills" only to have people who came from upper class and could afford things like colleges and trade schools waltz in not even having that "first job" that he bows and kneels to (and I am not kidding here, one of my "bosses" literally got right out of college, having her way paid for her and became our second in command as her "first job") while I am barely above the minimum wage level myself, so maybe take some of that money that because you are NOT one of people who needs to worry about the minimum wage you can afford to spend and BUY A CLUE!
They've already done this in florida (it's increasing slowly over the next year or something but end goal is $15hr, right now at McDonald's a regular big mac is $10 and we haven't even hit the full $15 yet can't wait for my $20 hamburger
$10.00?! I wouldn't even pay for their shit anyways since Wendy's is better than McDonald's in my opinion, but $10.00 for a patty with a slice of cheese is just ridiculous
@@dorkenspache8353 it's inflation, everything goes up when people get paid more for a menial job like flipping burgers. If you EARN $15 an hour for flipping burgers good for you, but just handing that much money out to everyone who does it is just going to make the USD weaker and already is.
Where is a big mac $10???
@@queefedworm in his mind.
@@DankBlank I want you
Your dollar an hour Job in the 60’s payed more than the modern minimum wage because of inflation
My parents own a small business, they have been struggling to find employees as the unemployment rate in so low in Saint Paul and have both had to take up extra hours because their only employees are themselves and my sister (by the way they already pay $10 starting and the last employee who was an amazing worker left earning $13 an hour, they earned that raise by their work not because of the minimum wage). Saint Paul just announced they will raise the min wage to 15 over the next few years. The only good thing is that there will likely be more people searching for jobs so my parents might be able to take more time off. One of the most popular small business is our area is closing down because the owner is retiring and no one wants to take over any of her 4 locations, I worry my generation may be the last to see widespread successful small business.
in your area, yeah. sorry about that. hope someone can get in office and fix that.
hey maybe you can! you can explain to the retards why they were fired and why so many companies went under, and get their votes, putting you in office so you can fix it.
If you worked in 1965 and were paid a dollar per hour you would be earning $8.30 today which is above the minimum wage.
I live in Florida I'm 15 and Joe Biden just got elected, who wants to make it 15$ an hour. This is going to make getting a job as a teen very difficult
Thats ruff. I am going to lose my job.
Oh boy gene you're in for some shitty news. Florida passed an amendment that brought the minimum wage up to $10 an hour and then a $1 increase every year until it hits $15. Get a job as soon as you can but I doubt it will be easy, no ones going to be hiring with a mandated wage increase incoming
I would look in to a trade skill or healthcare job immediately, as soon as you turn 18. Even if you have to take out a loan for 5 grand, you can be a certified electrician and make $80k a year easily.
A minimum wage should always change according to the national exchange rate (not set with a specific figure). We should also ensure that the minimum wage doesn't force businesses to shut, but also is liveable (is the same figure as living wage).
A sixteen-year-old living with his parents who takes a summer job doesn't need a living wage. He needs to gain work experience. Maybe the minimum wage law should allow a provision for internships?
THE "SOLUTION" WOULD BE TO "PAY" ALL EMPLOYEES, BASED LARGELY ON THE "PROFITS" OF THEIR CHOSEN BUSINESS!!!.... IF THE BUSINESS PROFITS, SO DOES THE EMPLOYEE!,... IF IT LOSES MONEY, SO DOES THE EMPLOYEE!!! => "PROFIT SHARING"
That...doesn't seem right. That only works on big companies like apple and shit, and even then it would be grossly unfair, they'd be paying cashiers like...$80 and hour at a big company where at a small buisness it would be around $5
@@corporalsilver6981 ....Watch this: ua-cam.com/video/NFSYrLDj_sk/v-deo.html
That's how America gets to Venezuela so-called prosperity... the super rich and the dirt poor... everyone pray that Trump gets re-elecred
Trump is gonna get mopped by Andrew Yang # YangGang
double00shotgun yang is not going to make it too the primary.. It's hard for yang too stick out as crazy when all of the democrat socialists are crazy.. you will see😊
It's going to be a walk in the park for Trump. Nobody in their right mind would vote for these communists.
@@shawnwalker8281 im gonna come back & say "I told u so"
Insane people: SCREW CAPITALISM! END INCOME INEQUALITY! WE WANT MORE MONEY!
Also insane people: Why is it so hard to get an entry-level job? Why are my hours so low? Why are all the products so expensive? Why is rent so high? Why are all my favorite stores and restaurants closing down?
Yeah a 15 dollar an hour minimum wage really hurt Target and Amazon’s distribution centers. Oh wait, it didn’t.
And compared to anything else that is an extremely small workforce. Minimum wage helps no one but the corporatist lobbying the smaller competitors.
Amazon's distributions centers are highly automated, thanks to minimum wage laws. Most of the jobs were eliminated before the first concrete was poured.
I’m not sure if you watched the video, because Target and Amazon are huge companies that aren’t going anywhere. He’s specifically referring to small businesses that are widely consumed by the public.
Elijah Bates one might argue that if you can’t afford to pay employees $15 an hour then why should they even be in business?
Elijah Bates amen
For my entire Junior year of High School I worked a minimum wage job. The type of work I, and everyone else did, we did not deserve $15 an hour
I think you are right, but some people really need that sort of money and don't have other options of how and where to get it. Not teens, but adults who are stuck with minimum wage jobs and can hardly afford to care for themselves and families IMO
@@shrimpwithagun5702 If you have no ability to provide for a family then don't start a family.
@@pearcemark2 ture, but what about people who have families when they have good jobs then lose said jobs and cant find another? what about people without families who cant care for themselves?
at the end it said prager u is teaching what isn't taught.
how true.
“Sounding caring, compassionate, and concerned is all well and good but having a job is better.” The fact that this isn’t common sense is worrying
Something you missed - employees being replaced by machines. That happened where I work. The owner bought two machines and our crew went from 23 to 16. Seven entry level jobs gone just like that.
When companies can't fulfill business demands with employees, then they search for alternatives such as machines.
I was thinking the move countries overseas to places that will even use forced labor to make its profit margin
Go to bed it's 4 in the morning
Liam Arra I work overnight, so I wait for Prager's videos to pop up on my feed :)
Not in western Europe
Not in south east Asia
Liam Arra not here in India.
Good night!
This is correct get ready for a $30 happy meal for those who don't know business
The bowl cut hair moms that complain about the prices for their kids happy meals are the same people that want wage increases.
Johnny Valencia I don’t think you know business lmao I work at McDonald’s and make 14.25 and we still have a dollar menu lmao
From Sweden,
I would love to have a great leader as yours!!
Our politicians are cowards and is calling everybody that is against no borders racist.
Taxes are skyhigh and the gov is spending it wrecklessely!
I truly hope Trump wins again in 2020!!
The world needs a great leader like him leading the most powerful country in the world!
#MAGA2020
boss:**pulls up in a lambo**
Worker: wow boss thats nice!
boss: yeah man.. if you work hard, show up on time, and put forth your best effort, Ill get another one next year!
That boss took all the risk and that employer took none of it.
That boss could have lost it all.
That employer could have only lost his job.
Think about it. No I mean: really think about it.
If the minimum wage is the answer, let's just raise it to $5000/hour, and we'll all be wealthy. Why be so stingy at just $15/hour?
Idiot. How about we minimize the impact of government interference into a free market, and make it just enough to live on?
@dizzywow r/woooosh
I like how Americans just figured this out like we know this stuff before you even became a country and you STILL can't understand basic economics 😂😂😂
Really? Apparently Greece didn’t know this🤣
@@jaycee6063 Greece had other problems but the minimum wage wasn't one of them
@Kordell Swoffer They got the strongest economy because of 2 things. Europe got weaker by the world wars where as the us profited from them and secondly , the people that built this great economy are previous leaders not nowdays leaders.
@Kordell Swoffer the us wasn't unmatched like it is now pre ww1.
@Kordell Swoffer You can't know this. The us benefited from the downfall of the European superpowers. The 2 wws dont happen i would put my money on the US not being in the top 3 Western superpowers today
If you can't afford to pay your employees a living wage, your business doesn't deserve to exist. Good riddance, someone else will take your place.
Isn't it ironic how the capitalists eschew their own capitalistic values when it comes to the meek and vulnerable trying to fight their hegemony. Same principle with the Gamestop stock, all of sudden the Stock market needs government regulation when the average person plays by their own rules.
If the demand for labour is higher than the supply, employees have higher bargaining power. If the demand for labour is lower than the supply (too much labour available), employers have higher bargaining power. If you apply for a job for which labour is hard to find, you can demand a higher price for your labour. That is also why specialised jobs, such as surgeons, are very well paid jobs.
When you try to fill your pockets, you take from another
Basic law of conservation but nobody realizes...
Though, given that the US dollar isn't backed by any physical medium, there's nothing to be conserved. Unfort.
Controlling inflation is just as important as providing a fair minimum wage. Otherwise it is just an arms race to the end.
No, controlling inflation is *more* important. If there is no "fair minimum wage" (whatever that is) then some people suffer. If inflation goes out of control, *everyone* suffers.
This is something our current Congress should keep in mind.
@@grantjohnson5785 Yall would be horrified to know that the federal reserve intentionally tries to inflate the economy 1 to 2% per year. Inflation isnt bad in small amounts, its actually a good thing. Go look up what happens with deflation. Then you will see where the real problem is.
@@ccrow3355 Deflation is good for borrowers, bad for lenders. I completely understand why banks and credit card companies would fear deflation, but the average citizen (most of whom have debt) has little to fear from it. Now, *massive* deflation, just like massive inflation (which is what happens when gov't throw billions of stimulus money at a problem gov't caused) is a problem.
@@ccrow3355 the main problem is how can a employee can live a livable life then the employers can earn also..? What is the best solution for you? Because today prices are so expensive even you dont buy not important things and work double job .still hard to live? Not all people are skillfull and smart...
Every business owner should tell this to their employees. “That person wants to raise the minimum wage. If he/she does it, I’ll have to close and you’ll all lose your jobs.”
Sounds like a great way to keep them out of office. “If so and so wins, I’ll lose my job.”
Except that, in most cases, that would be a lie. They would just pass on the increased costs to the customer, just like their competitors will. No "going out of business".
Restaurants shouldn’t be a long term career , we shouldn’t make a permanent change because of a temporary issue
Saucee Cityy Yeah unless someone wants to be in culinary. Restaurant manager should be temporary considering the huge growth in our society, we can learn a lot of stuff online there’s warehouse opportunities for both genders that pay a nice little amount it’s just men mostly pick to work for warehouse jobs. Plus nurses can be paid up to 40 dollars an hour starting off and that’s just from 2 years of consistent study of that field. There’s office jobs public service jobs. A job for a fast food restaurant should be for someone in their teenage years or early 20s who’s still figuring out the whole school thing. Student loans aren’t free. Students get student loans and they use that money on things for their career their studying after they’re done studying it if they manage to get a career if they were to get say a 40,000 a year salary starting off and they have no kids. Then they should be fine eventually paying those loans back. Or they can just try to get a grant.
@@nicholasloud2231 Higher end restaurants pay managers a fair sum of money.
Ode to the Republican tax cuts for working people. - Lyrics by Don Caron. ua-cam.com/video/iaWeYqotUJs/v-deo.html
"When someone works for less pay than she can live on - when, for example, she goes hungry so that you can eat more cheaply and conveniently - then she has made a great sacrifice for you, she has made you a gift of some part of her abilities, her health, and her life. The 'working poor,' as they are approvingly termed, are in fact the major philanthropists of our society. They neglect their own children so that the children of others will be cared for; they live in substandard housing so that other homes will be shiny and perfect; they endure privation so that inflation will be low and stock prices high. To be a member of the working poor is to be an anonymous donor, a nameless benefactor, to everyone else."
- Barbara Ehrenreich, Nickel and Dimed - On (Not) Getting by in America, 2001, ua-cam.com/video/nb2nrSrU5Z0/v-deo.html and tinyurl.com/y8w799bv
"In the new version of the law of supply and demand, jobs are so cheap - as measured by the pay - that a worker is encouraged to take on as many of them as she possibly can."
- Barbara Ehrenreich, Nickel and Dimed - On (Not) Getting by in America, 2001, ua-cam.com/video/nb2nrSrU5Z0/v-deo.html and tinyurl.com/y8w799bv
"[L]ow-wage workers … dwell in a place that is neither free nor in any way democratic. When you enter the low-wage workplace - and many of the medium-wage workplaces as well - you check your civil liberties at the door, leave America and all it supposedly stands for behind, and learn to zip your lips for the duration of the shift. The consequences of this routine surrender go beyond the issues of wages and poverty. We can hardly pride ourselves on being the world's preeminent democracy, after all, if large numbers of citizens spend half their waking hours in what amounts, in plain terms, to a dictatorship."
- Barbara Ehrenreich, Nickel and Dimed - On (Not) Getting by in America, 2001, ua-cam.com/video/nb2nrSrU5Z0/v-deo.html and tinyurl.com/y8w799bv
@PissedOff RebelinMI culinary degrees are pretty useless even in nyc
D R I P C I T Y unfortunately for some people when you get hired in a restaurant and that's the experience you have it's hard to get out of the restaurant business I don't have qualifications for anything other than that because I work in the restaurant business 24 years I've tried to get out of the restaurant business but when people say that I don't have experience and what I'm trying to do other than restaurant work I have to fall back on that restaurant work so that I have a job and can pay my bills
At 0:42 he said the fist lie, "that employers pay their employees as much as they can". Nothing could be further from the truth. Employers pay as little as they can to maximize profits. And lay off as many people as they can to stay "competitive". Anyone with half a brain and a low paying job knows this. Don't believe the propaganda. Try living on minimum wage, it's impossible. I know. I've tried. If an employer can't pay a decent wage they shouldn't be hiring anyone. Minimum wage used to help alleviate poverty, but now unfortunately it hasn't risen with the cost of living and inflation. Thanks.
I hate to agree with Vox of all things, but ua-cam.com/video/_M3vTvm2cfM/v-deo.html
This is the Democrat Party pandering for votes at the expense of the economy. Then, the Dems will blaim the Republicans for their own actions in destroying the economy. You can't trust politicians. But, you at least have a chance at freedom dealing the Republicans instead of Democrats!
“Most business owners pay their employees whatever they can” poor Amazon with its billions of dollars, how will they ever afford to pay their workers a living wage?
thats why he said most and not all.