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Minimum Wage Hurts Beginners
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- Опубліковано 22 лип 2019
- Seattle was the first big city to pass a $15 minimum wage.
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People there were excited.
“I think it's pretty awesome since I benefit from it,” one told us. Another added: “I wish it was all over the place, not just Seattle.”
Now, five years after the law passed, the evidence is in: while some did earn more, entry-levels jobs decreased. (evans.uw.edu/s...)
The politicians never mentioned that when they passed the bill says Erin Shannon of the Washington Policy Center (www.washington... “It’s really presented by minimum wage advocates as ... a win-win for employers ... a win-win for workers.”
But she pointed us to a factory that moved hundreds of jobs out of state, and to a store that stopped hiring beginners because of the $15 minimum wage.
“The politicians, in Seattle especially, have no sense whatsoever about what it means to small businesses like us,” the owner of Retrofit Home tell us.
A minimum wage hurts young people who need a first job, say three young people who won a contest organized by Stossel in The Classroom, which provides free videos and lesson plans about free markets to teachers.
Dillon Hodes won the high-school level video contest. He says a friend who worked at Kroger saw her hours cut as the store implemented a $12 minimum.
“Raising the minimum wage causes increased unemployment,” explains Rigel Noble-Koza, the college-level contest winner.
Stossel says he learned things from Noble-Koza’s video, which noted that Iceland, Norway, Sweden and Switzerland have no national minimum wage.
The minimum wage “stops us from actually getting a job,” says Esther Rhoads, who won the high school essay contest.
She points out that the earliest advocates of the minimum-wage wanted to price black Americans out of the market.
About hundred years ago, blacks were often paid less, but they were more likely to be employed than whites. (www.jstor.org/...)
Congressman Clayton Allgood said he hoped the min wage would stop: “cheap colored labor in competition with white labor.”
“It was meant ... to keep the poor and the minorities from getting jobs,” Esther tells Stossel.
The minimum also harms young people.
Esther explains: “I'm 14, it'd be very difficult for me to find a job ... my labor wouldn't be worth $15 an hour.”
“If only politicians were as smart as those kids,” Stossel says.
"She wasn't worth 12 bucks to Kroger, she's worth the world to me"...What a nice comment, speaks volumes about this individual.
Paraaronoid and........wait for it.......Friend Zone
I am close with both Dillon and his friend. It’s really cool to see him on a stossel video.
He's in love. How cute
+Paraaronoid
Yup, and it doesn't pay the bills either.
How cute
Its insane that we live in a world where people ignore evidence and go off of what makes them feel warm and fuzzy inside.
Part of that evidence is that for business owner, the $15 "wage" is just the beginning of the expense of employing someone. Rule-of-thumb is that with Social Security, unemployment taxes, Worker's Comp, and all other benefits, the cost per hour will be double the wage, so your $15 worker is really a $30 worker.
@@hshs5756 Exactly.
@@hshs5756 Excellent points and something the people that have never had to sign the front side of a check would know, or even care to know. In the end raising the minimum wages not only costs jobs, but raises the prices of everything to everyone else as the employers try to keep their heads above water.
@@Hoggdoc1946 I saw what you're talking about first-hand on a layover in Seattle recently. I had breakfast at a Denny's near the airport and was shocked that with the tip an omelette came to $18. I can remember getting a good breakfast at Denny's for $6.
Ignorence is bliss!
Whenever I hear someone in politics say, "There are no disadvantages" I know I'm either dealing with an idiot or a snake.
Before passing a law, Congress should always seriously ask "What could go wrong?"
Disadvantage is a frame of mind of weak people.
My son got laid off six years ago & used his savings to put himself through school to get his CDL. Was hired within a month of graduating and has been busting his butt as a regional delivery driver ever since. He’s respected & appreciated by his employer & has worked his way up from about $12 per hour to just under twenty.
Now how does it make him & others similar to him feel when these idiots propose to make his wage based on loyalty & hard work worth much less?
These politicians don’t care about the citizens or this country.
Agreed. It takes the incentive away from hard working skilled workers when you can flip a burger and make nearly as much. On that same note, what about the push to forgive college loans? I paid mine, and so did millions of other Americans. So what about us? Everyone who owes now will just skate, after millions of others paid hundreds, maybe even a thousand plus a month for 10, 15, 20 years? That is absolutely ridiculous. Where's my check for the $50K or so plus interest I paid from the time I was 24 years old until I was nearly 40?
@@digitalfootballer9032 so since you got screwed you want everyone else to as well. Guessing you're a christain
@@digitalfootballer9032 they use student loans to controll you
True story: my county increased the minimum wage to $15, and the result was this:
I tried to work at a dunkin donuts, butwhen the minimum wage went up, the manager had to cut the amount of night workers to 2 people! So instead of more people with a job, there’s more overpaid entry-level workers
No it wouldn't because you're talkin about the majority of the employees there only get 13 to 25 hours a week so if the most it would only equal about a $6.50 raise on top of what they're get which means you're still paying them almost f****** nothing so if it really would cut into your bottom line that much that apparently I would just order you out of business because you're obviously not profitable in your waist of commercial f****** space!!
no I don't really support the $15 minimum wage price hike but I'm telling you that basically most of you here $15 and you go berserk without actually doing the math don't look at the f****** price per hour that they're paying me look at it yes but don't get hung up on it what they're earning per hour focus more on how many f****** hours per week they are getting because that's really how you make money!!
@@American-Motors-Corporation Ummm...restaurant (especially fast food) jobs generally are only part time jobs to begin with (managers being the exception). However, we have these people complaining that that part time job does not pay them enough to live off of. Well, those jobs have never been intended to be CAREERS. Their main purpose is as a stop-over or a job to have until you get the education you need to seek the jobs that require real skills and pay accordingly.
Apply yourself, don't settle for a low-skill job and expect it to get you through life as if you had actually gone to school and started a career. Not only that, when you do have that low-pay job - LIVE WITHIN YOUR MEANS for crying out loud. Get rid of that stupid smart phone and all its fees, shred your credit cards, don't expect some high-class home to live in, use public transportation instead of getting that damn status symbol car. That's the reason these people want higher wages, to get all that stuff with the absolute least amount of effort.
The left is attempting to destroy our will to succeed and this $15/hr for a zero-skill job idiocy is just the beginning. All it is is a buzzword used to pander to uneducated voters, keep them hungry for handouts and keep them in the dumps.
I also live in a state that hasn't raised minimum wage and worked a Dunkin. 2 people at night is normal I used to do the night shift all the time because there were very few customers so you could focus on cleaning the store.
people making 15 an hour is not overpaid you moron , anybody that works should beable to afford living in a studio and buying food
@@ourcollectiveinsanity If there is a 30, 40 or 50 year old fetching donuts and coffee for less than $15 an hour, then the problem is not the job, it is the person who made some horrible life choices earlier on and expects a donut shop to cover for those past craptacular life choices.
'a rising tide lifts all boats' is supposed to refer to economic growth, not taxation and state intervention!
You mean to tell me picking an arbtrary point in the economy and mandating it (artificially) change isn't considered economic growth?
@@dragons_red 'There isn't a button on my desk that simply says GROW ECONOMY!'
You didn't build that boat, and the tide is rising due to global warming, prole.
:-)
Lifts all boats, but drowns those on the shore
No matter what the minimum wage is, $15 or $100 it will be the minimum, and within a year it will not buy them any more than $7.25 does.
You are right. I started working when minimum wage was $3.35 an hour. When that went up so did everything else, 1 person making minimum wage still could not afford an apartment with bills and food.
The real minimum wage is always zero dollars. Because that is how much you will be making when your employer can no longer afford to keep you.
Jason Brown
Then you find the one that can afford you.
And as we have seen, and live here in Washington, there are employers willing to pay more than the minimum wage. Of course, $15/hr doesn’t mean jack when your apartment is $2500/mnt
@@davidcerino1145 There is a benefit to having low wage jobs available. They are easy to get without experience and allow people to learn new skills while training on the job. Over time they will earn more money as they deserve it. Plus, lots of young people don't need $15/hr as they still live at home with their parents and don't have much expenses.
@alex Cooper First. You don't need to buy a house. You can rent until you can afford one. I didn't buy a house until I was 32 years old.
What happens when low paying jobs are not available because of a high minimum wage?
Answer, fewer people who have low skills will get jobs and many people will get laid off. It may sound good to have a minimum wage of $15/hr, but if small business (who create most of the entry level jobs) can't afford to pay that much, then they won't hire as many people. And the ones that they do hire, will be those with more experience.
If no min. wage existed, they could offer $5/hr, but no one would accept it. People will only accept a job if it pays what they are willing to work for. So, which would you sooner have, a $10/hr job or no job at all?
Who made you God to dictate how much a business should pay unskilled workers?
By making an arbitrarily high minimum wage, they are reducing the number of jobs available to low or no skilled laborers.
www.forbes.com/sites/niallmccarthy/2019/07/15/report-a-15-minimum-wage-could-lead-to-more-than-a-million-job-losses-by-2025-infographic/#29fd776260cd
You can't just put up the minimum wage and expect the money to come from nowhere. It comes from the employer who has to take the losses for the increases. If they are no longer profitable at that rate, then cuts will be made as has been proven to be so in several places that have done that. Not to mention that prices will also increase as a result:
www.apnews.com/9bed3bde87cd46dbbe2ba7a81b782abd
@alex Cooper Someone has to start new business, they just don't come from nowhere. They require investment with the intention of making profits in the long term. Which means affordable labor or they will resort to automation. That is the way to counteract high labor costs. It is happening already. Even McDonalds is replacing employees with touch screen ordering to save on costs. So, a high minimum wage won't help if your job gets automated.
Not sure what your point is about fiat currencies. They only work if they are under control by not making too much of them. Otherwise you end up with hyperinflation.
I'm against a minimum wage law increase but no one brings up the fact that most big cities would have a $15+ minimum wage due to supply and demand if all illegals and visa workers were deported and all future immigration indefinitely halted which should happen, the cost of housing would tank too. Businesses would have to lower requirements too, start training workers again instead of relying on college and trade school, offer more benefits, treat their employees better, etc.Would you complain about a higher minimum wage due to supply and demand?
Businesses and their sycophants only care about supply and demand when it financially benefits them.
I give you 20 dollars an hour and rise prices of everything you buy
Guess how much you have left
Still struggling to survive
Don't think life is easy
Hey buddy, they change what defines unemployment to fit whatever narrative theyre trying to push. Real unemployment is almost 40% right now
@@ghostnoodle9721 It's not. You know how I know? The Democrats would be all over it. They would use that as a weapon in a heartbeat. They can't, because it's statistically not true.
Kieran Kav right. It’s like 30 percent.
Zepper2019 unemployment is counted by how many people who are receiving unemployment benefits, once that ends, they are not counted as unemployed anymore regardless of their work status. Ghost is correct.
Dumb f*cks who vote for these policies ought to stop voting.
Raising the minimum wage in this country will be devastating.
1) it will raise the cost of food
2) it will raise the cost of health care
3) fast food will become over priced
4) small business will disappear
5) cost of building materials will escalate.
It will have a domino effect and put this country into a depression.
Wow. Priorities huh? Can't have the cost of fast food go up now can we?
@@CONFRONTATIONALNONCONFORMIST Fast food is on my list for the Millennials and post millennials to understand.
But if you dont mind paying 8.00 for a gallon of milk and 8.00 for a loaf of bread then go on.
All I know is if the minimum wage goes up to 15.00 or more im terminating 4 workers due to they are not worth it and i will find people with more skills and experience.
Fast food will become overpriced? Due to the current wages they are ALREADY over priced. 9-10 dollars for a meal when I can feed myself for an entire day off that? You must be fucking joking, and that's healthy food vs. junk food aka fast food.
Idiots make decisions based upon emotion.
There's no legitimate way to combat that.
Common sense can't penetrate idiocy.
Common sense sure isn’t common 😌
we need to lower minimum wage to $0 like Iceland and Switzerland, we need equal opportunity for everyone who wants to work and not penalize them for not knowing all there is to know about their first job
Would you like to work for $2 an hour? Because I bet some starving student would do your job for that amount. Let the free market rein.
when you don't tie employers hands they will pay a fair wage for your experience, young people need experience, did you even listen to the video, countries with $0 minimum wage are among the most prosperous and pay VERY well
I'm against a minimum wage law increase but no one brings up the fact that most big cities would have a $15+ minimum wage due to supply and demand if all illegals and visa workers were deported and all future immigration indefinitely halted which should happen, the cost of housing would tank too. Businesses would have to lower requirements too, start training workers again instead of relying on college and trade school, offer more benefits, treat their employees better, etc.Would you complain about a higher minimum wage due to supply and demand?
Businesses and their sycophants only care about supply and demand when it financially benefits them. I'd have no problem with getting rid of the minimum wage to see what happens as long as we deport all illegals and visa workers and halt all future immigration first. John Stossel is on record saying he doesn't want to deport illegals because "it's mean" yet he has a video on the "whussification" of America, he is part of that whussification.
You know those countries have stronger union laws right
The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland's figures among the highest salaries in Europe. Swiss people earn USD 62 283 per year on average, much more than the OECD average of USD 43 241 and one of the highest rates in the OECD.
Iceland and Switzerland don't need minimum wages because businesses don't need to be forced not to pay dirt cheap wages.
“If only politicians were as smart as those kids”?
If only they were as smart as my dog.
Oh they're smart....at making themselves richer at the expense of the general public.
Calling piliticians as smart as your dog is an insult to dogs
Dylan 873 True.
I'm pretty sure you dog knows way more cause and effect then these politicians.
LOL!
Why not $25 an hour minimum wage? Hell why not a $100/hr?
Aye. Why pay workers a wage they can live off of and pay their bills with? 15$ is considered a "liveable" wage.
In a country where 40% of the population struggle to pay for essentials - food, shelter, transportation, forget about healthcare - a living wage is mandatory. As it stands right now, almost half of the US population could be considered poor.
Politicians love increasing the minimum wage: they get the credit, it makes them feel good, and the don't have to deal with the real consequences. It's a win, win, win for them. The effect it has on small businesses and jobs (especially entry level) is mostly invisible.
Well it sounds great. However the minimum wage needs to go down because when you have a lower minimum wage the cost of living goes down as the stores were you buys food from. Save money on employees when they save money they can afford to buy better produce from suppliers. Who when they receive money from store can now afford more workers. Who pay lower taxes and are able to be trained so they are worth more. Giving companies the incentive to hire train and keep people for careers in steam of looking for someone who is already trained in the field.
@@captainf3ared802 more money demanded by government means less money workers can be paid. You are correct fine sir/mamm.
@@psistorm04 Minimum wage jobs are entry level jobs, they are never meant to be for living. People learn new skills and earn experience and their wages rise up to support the living.
When I tell the above points, people immediately reply that, "but many people have to run families on such a low min wage that they are forced to be on welfare."
I'm going to reply to that in advance. It is the welfare that's trapping them in those low paying jobs. When there's welfare to back you up, why learn new skills or work hard?
And most of the struggles you are talking about are a result of ctony capitalism and gov't regulations which support big corporations and harm their small competitors, and in the process rising the cost of living.
"She wasn't worth 12 bucks to kruger, but she's worth the world to me" Cha cha real smooth.
Jmali D. Friend zoned
Lol how negative Ryo8761 that seems to me like a pretty possible score
@@TheNecromancer077 LMAO. There's probably a support group out there for all of that girl's orbiters.
Charming Billy she turn down your marriage proposal?
@Charming Billy You don't need to be married pal, just get what you need.. if it's one night stands do that.
$15 an hour minimum wage is hurting ppl....color me shocked,who would have seen that coming
Rob Hogate
Teens. It’s hurting teens, those without experience.
$11/hr min wage was hurting experienced workers.
I've been saying this for years, it's nothing but a band-aid on a hemorrhaging problem. Higher minimum means newcomers are less likely to gain a job to earn experience, and devalues the worth of those already with experience. Even further it'll become more difficult for employees to earn raises. Companies in a capitalistic society need to continually see profits, they don't favor adding money into new highers. The problem is the oil companies charging too much for people to transport in their daily lives and the housing market is making it too difficult for people to have a secure place to live. Capitalism in it's current state is imploding because of higher ups in those markets slowly gaining all the profit, and your typical American can do nothing about it
Before $15/hr came to Chicago, McDonald's employees brought their lunches from home because they couldn't afford to eat there.
@@davidcerino1145 You'll find experienced workers in those low pay jobs. Employing teens for sake of experience is a sham. There are no higher paying jobs to get into by way of experience. If you apply for work having education and experience, you're told you're overqualified.
All the people cheering for $15 dollars an hour have never owned their own business.
Yup. My father pays his workers below the average wage, but it's not like they are worth more. When I'm at his company he is mostly at the shop because the workers dont have the knowledge (my dad has a masters in geology which helps him a lot in his line of work).
@Eric Brosius/ absolutely!
EXACTLY
All the people resisting $15 dollars an hour have never had to live on that amount AND have conveniently forgotten that the min wage would already be at that amount if our government hadn't essentially frozen it a decade ago. When I was growing up min wage was addressed and raised EVERY FEW YEARS! That being said I think they're now going about it all wrong. They should make the $15/hr the target for say 5-7 years from now and gradually work up to that, but that's typical govt mindset - no imagination or creativity
Also they don't understand basic economics
Bernie: "We must all make a living wage! We must raise the minimum wage to $15/hr!"
But Bernie, your campaign workers make $13/hr.
[Bernie reduces employee hours]
Bernie: "Like I said...we must raise the minimum wage to $15/hr!!"
And now Bernie is paying $15/hour but what did he had to do? Reduce his work force.... Even he knows this....
I saw someone say to this that it is good because then the employees can have time to do other jobs
Getting paid more than Trumps illegal workers...
Bernie is beginning to understand how capitalism works......Old Dog, New Tricks...yadda, yadda.
"Libtard bad. As simple as."
Turing Point Us
In 1971, I could get a Mac, Fries, and a Coke for $.99, and get a penny back.
The politicians have failed us.
And today, that penny might as well be thrown out with the wrappers from your meal, because it is essentially worthless thanks to inflation. Not that a penny was ever going to get you much, but it used to have some value. I can't even tell you the last time I saw anything sold for a penny. Probably a gumball out of a machine about 25 years ago. Then they were a nickel. Now they are a quarter, or even 50 cents. Or what about penny candy? As a kid in the 1980s you could still get penny candies, and I haven't seen anything like that since. We should actually just do away with pennies like Australia and Canada.
In 2024 tbat's about $7. Still cheaper than you see today.
Now you get crack
The minimum wage is literally just an artificial barrier to entry in the labor market. It hurts the poor the most.
How can we convince Bernie Sanders supporters, they are hell bent on hurting the poor?
They want all the teens to go to college to get properly brainwashed.
If people aren't making a living wage how do you expect them to, you know, live?
@@CalCapone3 Who defines what a "living wage" is? AOC? Seattle politicians? You run of the mill communist? Why not $50/hr?
How about the person who wants the fucking job?
Why do you think a federal wage rate should be set when standards of living across the country are different?
Ironically that same argument was made about the one dollar a day minimum wage....Your Dickinson fantasy of of a a starving underclass grateful for a meager crust of bread ... with their hat in hand wearing their on filthy shirt.. and existing thankfully in their tenament hovel...one step above the workhouse....does not exist...The reality is very different...there are still people alive today who remember first hand the ugliness of the big strikes and the riots and and wht the actual outcome was...Or you could just read about it..
It wasn't just strikers and scabs either ...businesses got burned and fire bombed...people got killed and maimed for life...A part of American history not often covered in school!
Seattle leading the country?! Maybe in terms of homelessness and drugs lol
2014kaydee California leads that stat. Washington and new york aint far behind.
first in the nation for $15 Big mac sandwish meals
Leading it off a cliff...
No, California wins on that by a landslide with New York not far behind....
All big cities have the same problem. The homeless go where the dense population is because that's where the foot traffic is and that's how they get their free handouts. When the homeless problem gets bad the city is forced to fund shelters and they all get a place to sleep at night. NYC, Seattle, Vancouver and Toronto are among the most expensive places in North America and they are full of homeless people.
Bring on the robots. If politics ever went shopping they would see cashiers being replaced by mass self checkout. Local businesses being priced out of the market by Amazon.
Not true at least of the Amazon stuff... Online retail only makes up 8 10% of all retail sales at any given time Goss 90 + percent of all retail sales are still happening at the brick-and-mortar stores....
the reason why the brick-and-mortar stores are actually down and experiencing major f****** problems is either a they've gotten themselves into a s*** ton of dad coupled with b which is their customers of maxed out credit cards their incomes basically suck their it is the truth of it is is there is actually it didn't come to fish and see across the country that's growing by the sack but the government is in great denial and all these corporations will not talk about it even is they're on their way out of business they will not talk about how there is an income deficiency in a credit debt bubble problem if it wouldn't be positive it doesn't get politicians votes to talk about that s***!!
As far as the clerics being replaced by self-checkouts Well he kind of accept for the past 20 years they never really have that many clerks to begin with you know it's like I used to make fun of the big box retailers like Wal-Mart and Target that cetera cuz they put in 20 and registers and they got four to five of them open and when it's busy oh yeah they might pretend to have up to eight of them open but I've rarely ever seen that that's more like maybe Christmas time they'll pretend to have a 8 out of 20 of them open!!!
the other thing is is no they actually have to hire some people to hover round the self-checkout area because you old people don't know how the f*** to run them!! now it's true eventually that job will basically be reduced to nothing but this is not the first time this has happened!!!
Why don't you go look up lamplighters... You don't know what a lamplighter is I can tell you real quick it is literally what it says it is a person that lights a lamp... You see American loan clean 1800 surly 19 oz of course most cities or towns they did have street lights however they were Street lamps and in many cases they ran off of gas and so there was a crew of people that went out every evening about dust and they lit those lamps and then in the morning as the sun was coming up they would go around and put him out that was an actual job people actually bought houses on that people actually raise families on that people actually had a savings from that but when the cities and towns and birds started installing electricity and of course utilizing electric lights well that was the end of The lamplighter you didn't need that job anymore oh my God it got automated didn't it yeah it did but they found something else to do I'm sure!!!
To be honest, Democrats are the party of big corporations, because that's always who benefits from their policies...a conspiracy theorist would say it's intentional.
My local supermarket (Kroger) just replaced three of the checkout lanes with eight self-checkout computers.
@@American-Motors-Corporation so then i would like the voters to petition politicians to legislate against self-checkout computers. This would be a good idea and benefits workers. Not one politician has mentioned legislating against the use of machines, only increasing gov welfare and minimum wage has been mentioned.
15$ has nothing to do with automation, automation is coming regardless
At the end of the day, if you were worth $15 an hour, you’d be getting it already.
do tell me how business pays what something is worth and not the lowest price that it can get...you know for any other expenses besides labor?
@@stevebell4906 The lowest price that a company can get labor is the lowest pay an individual with the job specific skills will accept for the job, unless the lowest is the "minimum wage".
If you don't have any marketable skills, you have a lot more competition that someone who does. If you do have marketable skills, you will compete with people who share those same skills often at higher brackets.
In short, your job skills are most likely worth what you're getting paid and probably less if you're being paid minimum wage. If you believe your skills are worth more than what you are getting paid, then work for someone different.
@@ItsRossinator So what do you think will happen to all of those people that you don't feel are worth a living wage?...Do you visualize then as Bandits?...Wards of the State?...My question is not sarcasm....what do you visualive as the ultimate end for all of the people that you feel are not worthy of a living wage?
Steve Bell hopefully they’ll apply themselves to learn marketable skills or will consider higher education. I work a blue collar job just like the majority of people in America, those of us who apply ourselves and have good work ethic will almost always move up the income ladder.
Correct me if I’m wrong, but it seems that you believe that everyone deserves a “living wage?” I don’t, I don’t believe anyone deserves anything by simply existing. Things in this life must be earned, not simply given to whoever wants them.
If you or anyone reading this wants a better financial situation, then put in the effort to make it happen like the rest of us. You’re not gonna get it by sitting around whining and asking your government for handouts.
@@ItsRossinator Evidently you are missing my point ...I am continually amazed that reasonably intelligent people often educated ones suspend their belief in reality and history...
You seem to believe that when I say it will be interesting when you state your position to to someone who will cut you with a knife ...just to see your smug expression change..That.I'm just talking tough...I literally mean what I said...Someone who will burn your house down with you asleep in it....Kidnap your kids maybe on their way to school and send you their ear or one of their fingers just to express their sincerity...
These are realities...you may to chose to ignore it but there is a large criminal underclass...that has absolutely no fear of going to prison....In fact they expect it as a normal part of adult life...If people cannot earn a living wage by working and even if they simply believe that to be true....Things get ugly....You can see it in other parts of the world....Reality doesn't care what you believe....plenty of real world examples for you to study...
And Mr Stossel, this has earned you a sub. Thank you for keeping the fourth estate alive.
California raised ours too, it's now $10.50 hr for less than 25 Employees, so here's what happened. The Mom and Pop Burger Joints and Taco Shops that had Lunch Specials for less than $7.00 have all raised the price to well over $10.50. The problem is the minimum WAS $10.00 hr....so the wage paid went up 5% but the product price went up 66%. So the same workers NOW can't afford to eat there.
Sounds more like a business owner using a wage increase as an excuse to be greedy. 5% does not equal 66%.
I started working in 2011. I made 8 dollars and hour (colorado was at 7.36 and hour at the time) I consistently had a 40 hour work week and my Bill's were always paid. Rent where I was was 500 dollars for a 1 bedroom apartment. In 2018 I visited the town I lived in and that 500 apartment is now 1400 a month.
@@ricbachman1727 it's ALL the Burger Joints and Taco Shops in the area...so it's not just ONE, I'm sure they check each others menu's to see what they charge.
@Trump Supporter Oh please, I've owned NUMEROUS Businesses through the years and sat on the Board of a few companies on the NASDAQ ....I DO KNOW HOW BIZ WORKS.
I work in the local welding industry. $15 an hour is about the starting wage around the state. I've had many supervisors say: "if they raise the minimum wage to $15 an hour, I'm going to lose alot of welders"...
Ummm... what? When I worked for my stepdad who was a mechanical contractor in the 1980's his welder made $75,000 a year. That's $36 an hour. In 1982. That doesn't make any sense. Is there a glut of experienced welders these days?
@@Pcwarmachine yes contracting the wages are alot better. I was referring to small businesses
trades will suffer big time...what kid is gonna invest money in schooling and tools etc when he can go to mcdonalds and make the same??
So basically you deal with people who own welding companies who undercut their Workers wages paying them a measly 15 an hour for their work despite the fact it is worth more then that?
working shlub
Perhaps that type of kid that wants to make more than $30/hr down the road. What kind of dumbass logic is that? You can make considerably more in a trade in a few years than you ever will in the same timeframe in McDonald’s.
It gets even worse, as this also hurts those with disabilities. Despite my willingness for work and even a willingness for lower pay, I as someone with disability is seen too much as a liability. This is even with all the incentives and programs for people like me.
ADL is screwing you over that's for sure, then this min wage
Minimum wage only raises the cost of rent.
You can make $15 hour working at Taco Bell, but you'll still be too poor.
What?
@@VannaMae I don't know where you're from. $15 might sound like a lot where you're at. But when I live, it's poverty. You can't come closer to affording a one bedroom apartment with that income.
In my city, $15 is already minimum wage.
@Clock Tower Prison I'm an independent
Granted the cost of living has already been rising
Please explain how higher wages raises your rent. Getting $15 an hour lets people who work at Taco Bell afford to eat there.
*Dems* : Raising minimum wage 1.875 times
*Commodities* : Get 1.875 times more expensive
*Dems* : (⊙＿⊙')
More like.. Commodities: 1.975 more expensive
Agreed for the most part however keep in mind that the companies also use any raise even if they give it out themselves with no government orders to do so they use these raises is it excuse to raise the price of the gods even if it doesn't actually at that time or even a few years out cut into their bottom line!!
Its gonna get worse once large manufacturers stop using g cheap 3rd world labor
I Agree and im not looking forward to paying $18.00 a gal for Milk....
@@TheBananaLoverorignal He also lied about the graph he showed at 1:05, that is data for new jobs below $15 an hour, not all entry-level jobs.
Yep. I noticed that after Amazon raised its minimum wage, they stopped hiring customer service agents like myself and moved more and more work overseas. I rarely see job openings anymore for CSA's. Mostly it's for bilingual support.
(my opinions are my own and do not necessarily reflect the views of my employer)
And then you get people who then hate on immigrants who took jobs but don't recognize the stupid policy.
So many unintended consequences
Amazon is in favor of $15 minimum wage. Just think about it we can put out more small business competition and gain even more of a monopoly oin the sector.
I won’t buy from amazon because of their abysmal customer service.
@@jasonsedy I mean if you ask you can get a US representative. We are normally pretty darn good.
@@DracComb And we do ask. No worries you will always be in need. ;)
Hey come visit Seattle and you will get the following;
1. Homelessness
2. Empty store units
3. High crime in the tourist areas
They aren't stopping there. Rashida Tlaib is already calling for a $20 minimum wage.
I was happy to be making minimum wage. When I was 15.
Hell, let's just make it $100, and we can just print more money to take care of it! That won't have ANY consequences!
And yes, I was 16 in my first job, and I made a whole quarter more an hour over minimum, which was $4.25 at the time! And I was rich! I just worked a couple nights a week and I had more than enough for what my expenses at the time were. But that's just it. I was a kid. Adults should be aspiring to do more than work minimum wage jobs, rather than demanding they artificially inflate the wages of an unskilled job.
@@digitalfootballer9032 okay boomer
Recently Illinois did 15 an hour. 2 weeks later my job at Panera announced new kiosks. I had to brag about it to my coworkers saying I was right, and no one listened to me. Thank God I will be leaving Illinois within the next couple of years.
They'll just pass the cost on to the consumer and you'll be no better off than he was before so $15 an hour does sound good but it's not you'll find out the hard way...
Exactly! Just wait till a value meal at McDonald's cost $16 each. Yeah we got $15 /hr and still broke
@@timb1020 you're so right my friend I couldn't say it better myself actually McDonald's food is starting to rise slowly now that's how they catching people I don't hear my downloads much but you can see the Price Is Right and the council have to do deals to get people to buy the stuff I don't buy Burgers into that price goes on sale have you been to see the cost of filet fish lately $6 for one fillet fish... hell no...
The Democrats will just push for a price freeze to prevent inflation, like Venezuela did. It worked out well for Venezuela...
(Correction: it didn't work out well for Venezuela. At all)
In 1968 the minimum wage after adjusting for inflation was $12. It's not the cost of labor which is causing our inflation and stagnation of lower and middle class wages.
@Claudia Juarez actually it is true that you passed a custom that's why I think the cost more money but you are also right as well that they do lay off people or just cut back their hours so you still end up with the same money so technically you sound like you're making more money but you're now making the same as you was when you were making less which kind of don't make sense to me.. the best way to make money aside to go to college which I don't really believe in college anyway but my best thing is start your own business like I did I work myself..
Every time the minimum wage goes up, prices of everything else go up. Why do people still get excited about this? Some people never learn. SMH.
What do you expect?
@@MafiosoDon21 yeah I guess I expect people to be retards 😂
I'll have to let half my employees go if it goes to $15 here. I have a small business and my earnings are just about $40,000 at the end of year.
If your employees aren't making a profit for you ...letting 1/2 of them go won't make one either...Why not just let them all go?...Same logic....just do all of the work and keep all of the money?
There is a pitfall where labour starts causing more loss than profit. The idea is to find the balance.
Suzyo Pumio so only mega corporations should exist? What an idiotic point of view
Jeff Reber maybe you should work for someone else for $15 ,that's 30k and you won't have to deal with the overhead ,employee and losses hassle. If you have your own small business with so many employees that half fired would be a few people and you don't make at least 200k annually then you should be an employee.. If your self employed and you make 40k that's fine ,but if you hire other people and you make 40k then you shouldn't be in business, and I bet you have the skill set to make 50k or more as an employee
@Suzyo Pumio That is not slavery to VOLUNTARILY choose to work for lower wages. That is all you Minimum Wage advocates got is Emotionalistic and intellectually brain-dead arguments.
Wish that Stossel Video classroom thing was around when I was in school.
I think it’s good for them 👍
And still, another story that misses the bigger picture. You should also point out that since Workers comp is a factor of payroll that goes up. Employers are required to match FICA contributions so that goes up. Employers pay into the unemployment pool so that goes up. SDI also goes up. These are the major additional cost added to an employers burden. And these trickle down to all of us if a company can find a way to survive.
Correct, 2/3 thirds of your actual wage you never see as it is taxes paid to be able to have you employed. It used to be it took three to five years before the company broke even on you and you became an asset.
Worker's compensation is paid by the employer, and the only ones it benefits are the injured workers and the insurance companies that administer the payments. I'm not arguing against workers compensation insurance, but saying it trickles down is misleading. No rational employer wants his employees hurt. They want them at work producing.
I would rather me and my employer keep the FICA taxes and let me roll them into my 401K for a much better rate of return.
Unemployment is the same. If it's such a great benefit to society as a whole, let's all be unemployed and watch how rich we become.
"If a company can find a way to survive" can be a big if. If it doesn't survive, none of these "benefits" go anywhere.
@@Rutrag ive always thought FICA should be optional ...do your 10 years of work get your 40 credits of SS done with and then opt out of you want....who can handle your money better..you or the feds.
Politicians know exactly what is going on. The just don't CARE.
I watched you when you were on ABC. It’s been a long time. I’m so glad I found you on UA-cam. I had no idea you used this platform.
The only group that benefits with the higher minimum wage, is the government. More money equals more taxes.
first paycheck they see with more taxes taken out they will flip out.....they think money grows on trees and have no clue how brackets work.
working shlub
that is actually true.
$15/hrs min. wage would place these people just above their previous tax bracket. That’s not what is really hurting them, though, it’s the benefits they no longer qualify for, not the taxes, per se.
But it merely an adjustment.
$15.00 an hour hurts young people and closes businesses
McDonald's has to pay their employees $15/hr in Chicago. I don't see any of them closing down.
@@edwin2600 How many of those employees are working a 40 hours?
@@thefrugallibertarian7413 I don't know. Does it matter? Is it less than $15/hr if you split the time amongst more workers? More workers means more record keeping overhead.
@@edwin2600 True. But if you have to start somewhere to build the skills that make you worthy of that type of pay
@@thefrugallibertarian7413 What type of "skills" are we talking about, and how long does it take to learn them?
Coming soon: $5 cups of coffee from McD’s
Idiots.
Not really, nobody is going to BUY a $5 cup of McDonald's coffee. When it comes down to it, big companies will just eat the wage increase because they can't raise prices, or at least they can't raise them by much. They offer such shitty products that they have to keep prices low or they lose their only advantage in the market. Same with Walmart.
Actually what is really coming to McD's is automation. They have gotten rid of most of the till workers and now have self order touch screens. My local McDonalds used to have 5 or 6 tills, but now only has 2, and normally only one is open. Next it will be the food production that is automated. Low skill jobs will be disappearing at an alarming rate over the next few years. Much of it due to higher minimum wages.
@@nodak81 You'd better come to Australia mate, that's what a cup of coffee is here. To be fair though $5 USD is more like $7 AUD
Stupid snowflakes. Can’t wait for climate change to melt them away!
Such a misconception
*America is apparently meant to be for individual freedom.*
I guess not when it comes to offering your services to employers.
you know what else those countries without minimum wage have....single payer healthcare
@Ken MacDonald And also rationed according to your ability to put into the system. Meaning, if you have become disabled until death your care will be delayed or reduced as you are no longer a producer. Personal experience speaking, I became disabled and need to fight to keep my medications so that I can continue breathing.
Health care is not medical care.
BFF well, you’re typing fine. You can get work.
@Ken MacDonald We currently have an oligopoly in healthcare. So instead of the big bad government setting prices, it's a few companies in collusion to squeeze the most they can out of people. Which is great cause it's capitalism. We should have the liberty to pay these companies many times more than they deserve.
@@darksideblues135
I agree, if you can type you can find a job, that requires typing. Many jobs you can do from home and connect to the network wirelessly. Seems like someone isn't even trying.
Delimon007 exactly. So if you can do this, it would be insane. You try to get a tech job in California, live somewhere where the cost of living is low, get your 120,000 a year income and live like a king.
"A living wage."
Can you live on $0 an hour? Because that's what this begets.
Can you survive on 7.25 an hour then?
@@trolljones4386 yes not only did I survive I also saved money, when it when up to 9/hr I was still in the same place I was at 7.25/ hour
when it when to 11/hr I am still in the same place saving the exact same amount of money as I did when it was at 7.25/hour
Now tell me how much you cry about working making 23/hour and not saving any money I had many people tell me that and I looked at them like too bad you never learned how to save money
Raern corner production
I could too . . . if I were living in Texas.
You are not saving money in Seattle unless you are living with your parents.
@@trolljones4386 I did. And can.
I was happy when I was making $6.75 slaving my back and knees on a farm when I was a kid in the early 90s but then they paid me $7.50, I was so happy. A lot better than making $2 a bushel of strawberries. Imagine that
It really does. I’m 17, nobody will hire me because if they are paying so much on min wage they want older people with experience!
Apply at Sonic then.
Or join a trade school.
Or apply at Costco (if there’s one around)
The AI Robot manufactures are happy.
In Bezos We Trust.
@@davidho1258 no Amazon's totally not the problem!! Online retailers only make up 8 to 10% of all retail sales which means that 90 + percent of all retail steel sales still occur in the brick-and-mortar environment the reason why their sales are basically in the shiter is due to bad management stupid price hikes which of course they use every excuse to hike the prices that includes wages and raises that they have willingly give not necessarily government ordered!!
but the biggest thing is their customers are saturated with Dad and there's an income deficiency and it's growing ever larger you know this is the deal if I ain't got to $36 to hand the likes of Walmart Target Sears pennies Macy's or Kohl's TJ Maxx what the hell makes you think that I have the $36 to give any online retailer it's either you have the money or you don't so that's another corporate bulshit excuses to blame the internet much like back in the 90s all the retailers particularly the regional companies that stretch the chickenshit way out and punch their own ticket when it came to getting saturated with Dad yeah look up Ames department stores and look up hills department stores to great examples of debt but guess what happened they blamed Walmart for their problems Walmart had nothing to do with her f****** problems it was their fault!!
But they were literally used as a scapegoat now that even old Walmarts having problems guess why everybody's blaming online retailers but they're also especially blaming Amazon because most people are no nothing dipshits!!
don't give me this b******* about old and wise either buddy boy I can tell you something right now even in my own shop I had idiots 60 to 80 years old coming in there telling me all about how like we get our f****** merchandise for nothing and us we ought to just pretty much handed to them for nothing I thought they were supposed to have a better education back in the good old days cuz these motherfuckers didn't know shit!!
@@American-Motors-Corporation Most incomprehensible post I have read today. The only thing I understand is that tirade you went on could not be based on that one line statement you clearly projected into.
@@dragons_red and your response is just pompous insufferable dribble!!
You mean the AI robots which are set to replace Workers anyway despite the minimum wage?
"If only politicians were as smart as kids..." You could probably say that about every single political issue.
So who elected them???
That the minimum wage law criminalized entry level work beyond a certain pay threshold, and actually hurt workers by raising the barrier of entry, was always a difficult argument to make because proving a negative is difficult, if not impossible. Congrats on getting some data for this.
if you want less of something just make it more expensive. Seattle politicians clearly hate entry level jobs.
I’m a 16 year old Californian that works in a restaurant. When minimum here raised to $12 on January first I instantly saw a cut to my hours. As did many of my coworkers who need more hours to feed their families. There’s an employee whose been with the company since 1999 and remembers when a sandwich was 3.99. It’s now 9.99.
@Claudia Juarez The restaurant I'm at has only changed its prices three times since 1999 (I checked with management). The first was in 2004, when minimum was $6.75. The second was 2010, when it was $8.00. The third was this year, February 2020, when minimum is up to $13. Now that certainly seems like prices are going up after wages go up, does it not?
@Claudia Juarez you were so close to an epiphany, but grazed past it. You're right, the businesses can and DO pass the cost of higher wages to the customer, but the customers won't keep shopping with the same behavior. It's why businesses go out of business because of the higher minimum wage.
@Claudia Juarez Businesses are hurt by inflation just as much as workers, especially small businesses. If a worker feels like they are being exploited by the business, they can quit and find a new job.
These politicians so sure of themselves. Usually praising vanity over actual substance. There is the world they see and the real world that we must live in.
Raising the minimum wage benefits corporations. Small businesses die.
0:16 That woman is the definition of a failed intellectual.
"WE have an entire world to win solidarity ."
Her name's Kshama Sawant, she's a member of a party called Socialist Alternative, and was responsible for that dumpster fire of a law that was going to tax businesses in Seattle based on the number of employees they had, until Amazon threatened to leave.
Who else is binge watching John Stossel?
Man.....this was a good one! Thanks for putting this together and thanks to those bright kids! ❤️ There’s hope yet!
Menu prices go up, employers lay off workers in favor of pre-processed food. I spent 20 years in restaurant and restaurant supply and it's very easy to replace employees with computers and "robots" given the right financial incentives. McDonald's all over the world installed ordering screens in the lobby that replaces most of the front counter staff. Most of the food supplies can be purchased pre-prepped, pre-cut lettuce, tomato, precooked burger patties, etc... This is very hard on the independents because they don't have the purchasing power to compete with the chains.
Dammit John, I love Tuesdays thanks to you
"We're leading the way for the rest of the country."
Right into the dumpster fire.
It’s a tough issue for sure. The minimum wage was created as the amount a person can live minimally...a full time minimum wage worker simply can’t afford to live anywhere in the country
That must be why all these people are dying from minimum wage
$15/hour would kill our economy by raising the prices of the costs of good/services sold! Those who say it won't are lying to your face. Part of the reason Claire McCaskill is no longer our senator.
$8/hr means jobs for teens. $15/hr means we're only hiring new college graduates and less of them and they will have greater requirements. The policy makers really are clueless.
Higher minimum wage will cause higher unemployment and more inflation
Nah, they can just print more money. We can be like Zimbabwe and pay a trillion dollars for a loaf of bread!
@@digitalfootballer9032 indeed! Lol
I hate the whole 'living wage' argument - yeah, $15/h is a living wage IF you're working full time. Make $15/h and have your hours cut to 20 hours a week because of the raise, and suddenly that 'living wage' doesn't seem so livable on
@Ken MacDonald Where are you able to live for only $3 a day? That's not even $100 a month for rent.
@Ken MacDonald You seriously want people to live in mass homelessness? You realize the economy is a race to the bottom, and someone will always have no other option than the minimum wage.
That’s true for ANY hourly wage. Hardly the epiphany.
Increasing the minimum pay leads to companies firing other workers to make up for the money they will be spending, How shocking who could've seen that happening?!?!?
Young people are hit the hardest by doubling the minimum wage, as in California, and they support and sing the praises of 15.00 per hour with enthusiasm!!!
More kiosks at fast food establishments and probably restaurants in the future because they will only have 1/3 of the staff they normally have. Humans are being replaced by technology and the minimum wage jobs are going away which creates a lot more poverty.
Studies have shown that those fast food kiosks contain more bacteria, fecal matter, mucus, saliva, semen, disease, viruses, and residue from narcotics than a typical dollar bill...which is really bad considering a dollar bill is one of the most filthy items you can handle. Yes, more disease and poop ridden kiosks, please!
"A rising tide raises all boats." I could be mistaken, but I'm pretty sure that wasn't in reference to minimum wage workers. . .. xD
Thought that was a funny phrase. Because in this case the "tide" comes from the business owners pushing it up. Money doesn't just appear out of nowhere
Federal minimum wage is $7.25 an hour, BEFORE TAXES. Try living on that, or less than that. Not all jobs are covered by minimum wage either. Restaurants aren't. Waiters and waitresses live on tips. At grocery stores, everybody is an "entry level worker" or part time worker, so they get no benefits and low wages, no matter how old they are. Many families are supported by their kids having "entry level jobs." Their parents can't find work for experienced workers. After you've had an "entry level job" long enough and are ready for advancement and higher wages, they find a reason to get rid of you.
The countries Stossel listed don't need minimum wage because their wages aren't dirt cheap. Notice how he forgot to tell you the average wage in those countries.
Our economy has become unnecessarily weak
with stagnant wages. People living paycheck to
paycheck are struggling, sacrificing, and suffering.
Americans have earned and deserve a strong
and healthy economy.
Those kids restored my faith in humanity
I'm glad. :)
minimum wage is an economic artificial floor a distortion in where the supply/demand graph for worker/wage should be.
They're right on the money. I used to work at Burger King and I remember my hours being cut due to minimum wage hike. I remember asking my manager about working more hours and he said to me that labor is too high and therefore cannot do it.
This is one of the simplest concepts out there but so many people fail to understand this. Amazes me.
Politicians give $15 wage to low income employed people, as a reward for their vote. Its more likely they'll vote than a currently uneployed person, who is the main victim of a $15 wage.
Benefit your voter base, quash the silent sufferer.
Dwayne Cunningham It’s more like the state is a drug dealer, and the voters are druggies. The drug dealer gives them a hit, and they feel better for a time, but then it wears off and their in a worse position then they were before. Then they go back to the drug dealer to fix their problems.
You increase minimum wage, you increase goods and services, which makes the minimum wage increases ultimately worthless for many. Then they complain about greedy land lords that are now charging them $3000+ rent when it really is the minimum wage increase that caused it in the first place. Not only that but unskilled labor is completely screwed.
@@Darkworldxl Very clear and logical analogy. I agree with how you've put it here.
Price inflation is necessary when we carpet bomb the nation with "free money", aka., increased min wages, or UBI, lower interest rates, etc.
A very good argument to use is to make comparisons to already established items. Take cigarettes, and alcohol. Both of these are taxed a fair amount, and the reason is to discourage the consumption of these. If you apply the same reasoning to labor, you get fewer workers.
*its more likely they'll vote than a currently uneployed person*
The thing is with the unemployed and the underemployed is still the same result (aka requiring welfare anyway) and having a job does not mean it is a good one (working for starvation wages is not a good thing). Also you forget how the evil Liberals want to increase welfare spending instead of cutting it like the Conservatives.
Let's lower the Min. Wage to $0 and level the playing field! #freemarket
@IAmaPersion agreed, college did used to cost much less, but one big difference was you didn't have to have it just to get your foot in the door. My dad, back in the 1970's, was hired into a job that then required a high school diploma, but today requires a bachelor's degree. He took it upon himself to get a bachelor's going nights after work on his own dime. This eventually got him a promotion, into a job that later required an MBA, but he never got one. Today, colleges know this, so their product is more in demand, hence a higher cost. Outside of medical school, engineering, teaching, and other specific disciplines that required college, back 40 years ago, college was in many ways more for self enrichment than it was a requirement.
And for the record, I have a Master's degree, and now hold a job that only requires a high school diploma and a 3-month certificate program, and I make more money and am happier with the job in general than my old job that required a master's. Mainly because my current job pays off productivity rather than salary. Not commission, as in sales, but in piecework calculated based on work completed and gross revenue brought into the business. You can treat that however you see fit. You can work part time, choose to take easier work, and make a basic wage, or, you can work more hours, opt for harder tasks that bring in more revenue, and make $40-50 an hour, or more. And I just can't tell you how much more satisfying it is to get out of a job what you put into it. It makes you like the job more and want to work more, at least it does so for me.
@@qwaszx2 No, that is literally so dumb. Then incentives are lost.
@@qwaszx2 my bad dude it was a long day lmao
With the increase of $15hr many people are looking to face less hours and some will have to work a second job to still survive. Prices will slowing increase and taxes will also increase.
So basically nothing will change.
"I think it's pretty awesome since I benefit from it."
That's the problem with government. Everyone votes for their personal benefit rather than for the collective good.
Floor is always the floor. You just push the floor up the ladder and knock more people to the floor.
Have you tried to live on $7.25/hr or less?
Doubling the minimum wage with a Federal mandate (which all the 2020 DNC presidential hopefuls are pushing) will have substantially detrimental effects on the economy. The market should set the minimum wage, not politicians. I can only imagine what Milton Freidman would have to say.
I've heard his son is doing a better job then him, maybe you should check him out.
let the states decide on it...these people pushing the federal have no clue states can make it high as they want..
You always hit the nail right on the head oh, that's what I like about your videos thanks
Stossel is right about many things in this video, however I question one thing; how many people is that suggested "potentially unemployed" affecting? If we weigh both sides, instituting a minimum wage and not instituting a minimum wage, those who will not be able to get jobs are usually teenagers who are below 18, people who don't exactly rely on these starter jobs. On the other hand, you have millions of Americans of depend on this minimum wage in order to keep a roof above their head and food on the table. If you don't introduce a minimum wage, you're hurting millions of Americans to save thousands others who, frankly, do not need the job nearly as much. This is just my take on it though, Stossel made some solid points
That is wild! Soon minimum wage workers will make more than doctors.
The switzerland argument is pure ignorance. The average monthly income in Switzerland, is more than 2x what it is in the US.
I believe Stossel was talking about minimum wage rate, not income.
Yeticus Rex
Yes, that’s why it’s ignorant.
Switzerland doesn’t need a minimum wage, they make more that 2x on average as we do.
AND they have universal healthcare, the heathens!
$15 minimum wage =
- Businesses plummet in hiring workers who are capable.
- Businesses will just reduce a employees hours/schedule so they make the same amount as before.
- Cost of products will possibly go up since lower end jobs are now making a fraction of what a laborer, construction worker, or factory worker makes.
It IS all over the place...Australia...>$20 an hour min wage; your beer will be >$7-8/per schooner/glass, your breakfast will be >$20 and your gas/petrol...>3x the US on any given day. There are NO discounts like in the US, because companies either can't afford them or don't want to give them. Welcome to Oz...you are on the fast-track...
This plays into another factor. There are too many people who lack ambition and don’t want to move up the career ladder and that blocks the ladder for others.
Especially at low wage jobs and at a certain age you shouldn’t just be blocking others because you’re comfortable where you are.
They did a study that wealthier people feel more comfortable with being uncomfortable.
Artificially high minimum wage dramatically increases inflation almost instantly !!!
John Stossel! Thank God you are still somewhere where people can gain knowledge and continue to think critically about the information that they are receiving. Keep up this great work. There are very few of you left. Huge fan here! Been watching you for pretty much my entire life.
Didn’t even mention inflation. That $15 isn’t worth nearly as much in Seattle because prices have risen to compensate
People act like you're supposed to support a family with minimum wage smh
Which was the original intent of the minimum wage when first proposed by Teddy Rossevelt back in 1913.
Easy to say, but 10/hr in 2004 is more than 10/hr now. But yet after 15 years the only cost that hasn't risen is wages...
There are a plethora of reasons for wage stagnation. A lot of it boils down to supply and demand. If you have a cheap supply of labor constantly flowing into the country. Wages will stagnate. If you keep putting more taxes on businesses, then they have to take away that from somewhere else in the business to keep a healthy bottom line. People often don't understand that hiring someone at 15$ an hour costs a business way more than 15$ an hour. It's more around 20$ an hour. A business has to pay for benefits and social security taxes on top of that.
Abortion? "It's a woman's body, let here decide!!!"
Wage? "The minimum wage needs to be at least $15, and decided by legislators!!!!"
Wait, wait, wait. You're forgetting they also want the govt to pay for their birth control. Lmao.
Jokes aside, I am all for women's choice to abortion, birth control, etc, but definitely NOT in the way progressives want it. I want it available to those who need it, not to be handed out like candy.
@@mrtwister9002 And what do you think will happen to children who are accidentally conceived under that system?
@@mysty_nyx
Check out China.
@@mrtwister9002 China is also experiencing a major population crisis within the next few decades as all the old people die out, which will cause a shit ton of issues. Not a good example to follow.
I managed to get a minimum wage entry level job in Seattle, but it was more difficult than it should have been. This is only going to further worsen the homelessness epidemic here.
Grant Manor what kind of job was it? I’ve heard some entry level jobs, such as Amazon’s Work From Home jobs are unnecessarily difficult.
effects: 1)half of low wage employees fired 2) other half reduced to part time 3) automation coming fast 4) $12 for Mcdonald value meal 5) workers who worked to get $15/hr are demoralized. 6) everone who isn't fired work load goes up 100% 7) prices go up, utility of wage increase erased
Ned Flanders: My family and I can't live in good intentions Sanders!!!
Ned Flanders was right!
Amazing to see and hear intelligence young people that are actually Articulate and understand the economy issues. Thank you John for bring these young people out and allowing each of them to share their views .
Problem is they're outnumbered 20-1 by morons willing to do anything the media/Gov't tell them to.
The minimum wage is an economic floor. If you raise the minimum wage, the cost for everything else goes up to account for it. It does absolutely nothing but inflate the economy. Look at what happened in Zimbabwe, with their 100 TRILLION dollar bills that are worth 40 US CENTS - that's what will happen if we keep raising the minimum wage.
I spoke with a small business owner who has had several businesses. She says that her biggest expense is payroll. I was told that in taxes alone she pays somewhere between 20 to 24% in payroll taxes. She has to match Social Security and Medicare. Also has to pay other stuff like Unemployment insurance, Workmans Compensation. Also other cost. Our minimum wage in this state is $7.25 so as far as what the government will receive will double which is even more costs than just the minimum wage of $15. The market will adjust with inflation and automation. Not to mention all the job cuts and work demand from employers will be greater along with outsourcing out of the country if it becomes nationwide. Rents will also increase.