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How High Would You Make the Minimum Wage? We Asked L.A. Residents.
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- Опубліковано 21 кві 2016
- To many, raising the minimum wage seems like a no-brainer. If the poorest workers can simply make more money per hour, they’ll be lifted out of poverty, right?
But would supporters change their minds if drastic wage hikes resulted in some nasty unintended consequences, both for the poor and for others?
California's governor Jerry Brown signed a bill raising the state's wage to $15 an hour, despite admitting that, from an economic standpoint, such a hike "may not make sense." Fifteen dollars an hour is a wage that Democratic presidential candidates Hillary Clinton and Bernie Sanders have each advocated for as a federal minimum, even though a CBO report estimated that even President Obama's more modest proposed hike to $10.10 an hour would result in about 500,000 American jobs lost.
Reason TV visited Los Angeles' hipster enclave of Silver Lake to find out how high residents would like to see the minimum wage go and to discuss some of the possible outcomes of a wage hike on the local economy.
Visit reason.com/reas... for downloadable versions of this video. Subscribe to Reason TV's UA-cam channel for daily content like this.
Approximately 7 minutes. Interviews by Justin Monticello. Produced by Zach Weissmueller and Justin Monticello. Edited by Weissmueller. Additional graphics by Josh Swain. Music by Wood Spider, Kevin MacLeod, and Jimmy Fontanez.
"It's not good economically but it's good politically"
Translation: It doesn't work but it gets me votes!
That's not even a translation that's literally what that means
Lol facts
Spot On
It sounds like something Joe Biden or AOC would say. They are appealing to a really stupid audience.
I think he meant it’s good for the message, not for the wallet
Jerry Brown effectively said, "Minimum wage laws don't work. But hey, having them makes us feel good. So I'm going to sign it into law." I fear very much for California's future.
Yeah and it literally said politically it makes sense. How does someone let things slip out the bag like that?
Wade oh yeah. My brother and I used to live there.
"makes sense...politically" = I'll get votes.
"It may not make sense economically... but it makes sense politically"
I mean, at least he's willing to admit that it's beneficial to the politicians that champion it, but... damn. How could anyone hear that and not have been completely floored?
If an economic policy makes no sense economically... don't f***king do it! And if the polict doesn't actually achieve the goal it is supposed to - increasing the income of workers in low skill/no skill jobs, then how is it moral? It seems like it's not important whether you actually help people, what's more important is that you feel like you helped people.
And that's not even getting into the moral quandary of government telling you what you are allowed to buy and sell your labor for.
Yes! And when he said it doesn’t make sense economically, but makes sense politically, what he really said was that even though it will cause problems, it sounds good to the ignorant masses, so we will pass it into law.
I respect the one's that say "I dont know" more than those that think they have the answers.
Morally, socially, politically. Three words to use when someone has no idea what they’re talking about.
He was so confused about what he was saying. LoL
Socially, I feel I should agree with you.
Morally, I must express my misgivings with that, and
Politically, all bets are off.
You're wrong according to Mike Oxmaul
Reminds me of Obama when he wants to raise the capital gains rate and was told raising the rate would lower the government's take. He said, "I know but it is a question of fairness." So taxes are a form of punishment for investors, not a means of funding the government.
$0. The minimum wage should be $0.
Everyone needs to take a course in basic economics.
We do, some of us move on to advanced stuff like removing every fault capitalism creates. ✌️
Thomas sowell
@@quentinthomason2287if you did take economics, you should know that the economy is fragile and should not be touched at all.
@@Epic878787 Well said.
@@quentinthomason2287 Aye, controlling the market is bad too. That means too much control is bad, raising minimum wage is bad idea. Here is an example, the minimum wage has two rates, one is nominal which what the federal and state use, the other is real which what most companies use to attract or hire entry level candidates. What companies stopped doing is income growth for entry level jobs e.g. getting a raise per hours worked. Some companies do that, but keeps it personal between the employee and the employer.
This is just another example of the oil control back in the 70s and the rent control. Let the market work itself, you can only step in when private companies can not sustain such hits. Like how we saw 2008 recession, banks knew they can get a bailout from handing free cash to people who can't repay their dues.
I suggest you read basic economic by Thomas Sowell and A Random Walk on Wall Street. These books has some valid reasons why controlling the market can be a sword with two edges.
I always respect the people that say “I don’t know” or that they lack the knowledge to even make an educated guess. A lot of people are too proud to admit that they can’t answer a question and will just offer an opinion that really has no justification or logical sense
no one knows coz minimum wage is a stupid concept to begin with
Justin, they foolishly base their decisions on emotions, and ignore economics and reality.
Agreed. I've gotten laughed at in my college class for saying 'I don't know'
It's better to not know and learn the information, than it is to pretend like you know everything and go into a career field unprepared. I now work in EMS and not knowing is unacceptable, admit your lack of knowledge and study up. Pretending is dangerous and shows a clear lack of intelligence.
@@cierrarouse9036 I've been hit by a few cases of what you know that just ain't so. Its really dangerous, I would rather have known that I didn't know than waste a whole week trying to correct a error.
@@cierrarouse9036 vote bernie and progressive free helthcare
“Economically minimum wage may not make sense...” yeah, that sounds like a Democrat
"Lets allow exploiting weak people for 1$/hour, market will fix that"... that sounds like USA capitalism that is proven over and over as obsolete and overall wrong.
“Costs a few jobs” lmao, that’s got to be the most insensitive thing I’ve heard all month, you’re willing to raise 20% of people’s wages by $2-3 at the cost of another 20% of people losing their jobs entirely?
BINGO... Business owners know what their profit margins are... if you can't increase sales or the price of your product... well you have to automate and cut your staff. there's no thrid options. Never mind that small business owners are the majority of the workforce in most countries, and not major corporations as Hollywood and the politicians would have you believe.
@@AkaAka_AkaAka In the US employers with less than 500 employees accounted for about half of the jobs.
Most of those aren't mom and pop shops, and commercial rents have been rising a lot faster than wages, real wages have been about stagnant since 1970.
@@MorphingReality less than 500 employees is most definitely a mom and pop shop. Those are not major corporations with massive profit margins.
@@AkaAka_AkaAka The average hedge fund has 10 employees.
Instagram has 450 employees.
From another angle, large majority of minimum wage employees work for firms that can afford a wage increase.
@@MorphingReality Instagram is owned and operated by parent company Facebook (now Meta) with and employee count of over 58 thousand.
Hedge funds are an exception to the rule not the rule itself. They're an outlier.
Convenience stores are typically franchisee owned and operated individually they empoy between 3-5 each and there are 150 thousand of them in the US along meaning there's somewhere between 450 and 750 thousand american's working at those.
To be clear the combined total of hedge fund employees is like 98 thousand across the entire US.
Venezuela jusy raised minimum wage 3500%. They're doing great!
Are you joking? Venezuela raised their minimum wage because of high inflation rates. One Venezuelan Bolivar is not even worth a U.S. cent. I might just not be taking a joke here but you seem too serious
@@jodrobob7333 think he was being sarcastic
Marc T you are wrong. I was forced to CLOSE my business because wages are too high while my net income was too low. I did not have the option of raising my prices, because of the type of business, but would have if I could. If it costs more to run your business you MUST either lower the cost of your overhead or increase your income, usually through raising your prices... that is called inflation.
wow, I guess the fact that I am married to an accountant who is currently working on her master's in accounting and holds a BS in Business Management is irrelevant? The fact that I took 4 semesters of Econ while earning my own degree also doesn't count? Did you even READ my comment? I said that the nature of my business prevented the raising of prices... you have no need to know any more details... but, plain and simple, increased costs leads to an increase in prices which is the very definition of INFLATION... Please try to get your head out of your own ass.. stop being a brainwashed liberal
wow, just a huge number of asinine assumptions there
1:10 "I don't know". That young lady is wiser than any of the others who actually picked a wage.
+fountainhead "True knowledge exists in knowing that you know nothing." - Socrates.
+Arcantropolo "You know nothing Jon Snow"
+MrMurraypants "touché" - Some French guy.
+fountainhead Exactly my thought! The rest are dunning krugers and that´s why they are quick to have an opinion and without much reasoning behind it.
People that are not afraid to say they don't know are always the smartest...
This video aged like a fine wine. I live in Los Angeles now after two minimum wage hikes and we are SUFFERING. In the shopping center where I work, there are seven stores and out of all of them, only the CVS has full-time, non-managerial staff (I know this because I'm very close with my neighborhood) and it's only a few stockroom guys.
Los Angeles 🤣🤣🤣🤣🤣
Who'd you vote for again? Biden?
They got what they wished for - l.a native
@@lowellirish I voted for Donald Trump in both elections. Unless you meant the ego collective of the state itself.
@@LegendaryDorkKnight yes
Abolish the minimum wage...seriously.
Govt: "I'll raise you one minimum wage"
Business: "I'll see your raise and outsource you one minimum wage industry"
$20 minimum wage is how you get completely autonomous mcdonalds. i for one am in favor of $0.99 robot made big macs that havent been spat in
Hello brother
You have a good point...lol
The robot will probably get your order right too.
honestly I'm down, they'll get the order right
@@tomjenner6818 WELFARE is there for the unskilled & uneducated....A worker has to produce more than he costs a business.. So the uneducated will continue the cycle of welfare dependency and unwed births ..Only way out is VOUCHERS..They force schools to educate. Monopoly = poor education..Treat education as a commodity..Why do you buy sneaker A over sneaker B ? Compete for students by results..
“Economically minimum wages may not make sense” he should have just....stopped there
But he's talking to other Democrats 🤔
It scares me when someone can say "economically it doesn't make sense" and still implement it.
Economically, slavery or child labour makes perfect sense... some may even call it beneficial.
I know right? Like, if it makes economic sense, then it also makes moral sense, right?
@@N19N90N9 But not because of slavery. Slavery is profitable from economical point of view - most of western Europe is the proof. Sure, nowadays slavery is not really optimal so even this methods transformed but still, strong ones exploit the weak ones either through brain drain, unfair trade etc.
Economically, maximizing profit and minimizing costs makes perfect sense but morally... less so.
@@XXvenyActually slavery does not pencil-out in modern times for anything other than perhaps child sex slaves.
A worker that can keeps the fruits of his labor produces much more than a slave.
It’s been said that the Cotton Gin ended slavery in the US because this machine greatly reduced the need for
manual labor.
@@backcountyrpilot Slavery is nothing less than absence of unions, absence of workers rights and reducing labour costs to absolute minimum or even zero. And you can always put a slave to operate a machine - complexity of labour does not determine whether slave can or cannot do it. Slavery is about rights (or absence of them) of individuals guaranteed by system. Nothing more.
I get it, we think about slaves as unqualified workers, but only because qualification = high status and high status does not really go hand in hand with slavery.
But if you own a slave, you can easily invest into him to increase his qualification. But yea, nowadays, government will do that for you through education :D
I worked at mc Donald's at 40 for 9.50 I became a manager I went to 11.00 I took a paraprofessional test (k-6) to work at a school as aide I went up to $16. You don't have to stay in a crappy job. Instead of raising minimum wage make yourself valuable. I'm thinking now to go work for the post office for $19.00
You've been working (assuming you started at 18) for 22+ years to finally be valued at potentially $19 an HR if you get that new job. That's excessive
@@Jay-og4yb there are ways to accelerate that im at a technical college its 12,000 for my associate degree but so many guys are there for free because a company is putting them through that we have a lack in skilled workers at 20 years old I will be making a minimum of 25 an hour and pay only goes up from there but everything takes time
@@Jay-og4yb It might well be excessive. What it is not is normal. By 40, most people have already progressed well beyond the minimum wage.
@@Jay-og4yb finally be valued? you give yourself value, make yourself be worth more. don't just ask for more for without adding value yourslef.
@@jarretslatten7169 what are you going to your technical college for?
The people in this video makes me feel like a genius.
+d8d8 I give them credit that they are at least open to having their strongly-held beliefs questioned. Compared to the asshats in all the recent videos of protest mobs at colleges, these people are a breath of fresh air. People need to be willing to hear opposing viewpoints, and I applaud these people for being able to do so. I do admit it's kinda sad that something that should be so basic is applauded these days.
Friend of mine: What's the scariest movie in your opinion.
Me: Idiocracy.
@@bullballsallday i thought that was a documentary on california?
@@L_87 Nah. Not enough needles and feces on the sidewalks and public masturbating meth-addicted sex offenders. ua-cam.com/video/jcZg_akPXHY/v-deo.html
They make me feel like a very stable genius.
The problem is people think about minimum wage emotionally rather than logically. I even gave up trying to explain it to people because they just resort to attacking my morality.
uhg that cat lady at the end saying "uh if it's too expensive for small business that can't beat corporate, well can't they just get a loan or something from the gov't?"
...ugh... She looks like she has over 100k credit card deb; like she opened up a credit account her first day of college and has never been able to pay it all back completely.
"Minimum wage"
Translation
"Maximum wage"
Aka Communism
They have been warned.
Its pretty simple actually. It should be the lowest amount of money needed to house and feed someone. Its different place to place. I think thats why most people say they dont know. Other than pulling a random number out of their ass they should look into it. I dont think most of the assholes that make these kinds of videos ever worked minimum wage jobs. You very rarely ever move up in those kinds of companies mostly because there is not really anywhere to go. Say you have 15 employees and 2 managers, there will only ever be 2 places to move up to. So the other 13 workers will be shit outta luck.
Minimum wage jobs are not jobs intended to feed and house anyone. Minimum wage jobs are menial unskilled labor that anyone with basic health and intelligence can do, They are not careers. Unfortunately today we have far too many unskilled people in this country -the reasons are many and would involve a greater discussion.
@@neilsmith4464 that is exactly the point of a minimum wage. Not everyone is capable of working skilled labor so for those who are incapable of working other jobs a minimum wage keeps them from becoming homeless.
I find it ironic that the woman with the leopard print jacket wants the minimum wage to be $18, but then she says she would be willing to go run an errand for $5.
Average person would take 30 mins & charge 9. She'll take 45 minutes so would have to charge 12.
Most people: "well the research says..."
Smart people: "what research, by who?"
Even smarter people: realize from history that inequality has been growing at a fast pace since 1979 and when minimum wage stopped increasing. So they look up the 15 dollar minimum wage project and then do research on their own instead of complaint. This document is a start, go outside of your comfort zone to look at relevant data from educated sources. www.epi.org/publication/why-america-needs-a-15-minimum-wage/
@@markelcreek56 Can you show me in which part of that article any of the points made in this video and other points against higher minimum wages were assessed? Points like:
-People won't pay 15, they'll just lay off their people and work with less employees or go automated
-higher wages will lead to higher prices, changing nothing in the end
-higher wages will force people to work illegally to work for a lower amount, since people won't just pay 15 for something just because a law says it
-higher wages will make small businesses go broke because they won't be able to pay those wages
Isn’t that a common concept even for the average person
@@shamilmurtazaa4391 As you can tell already, no. Common sense in 2021 is not common. thanks to American school system
[whom]
We don’t teach enough economics and finance in grade school
Most of this shit is just common sense if youre an adult thats ever worked a day in your life.
Economics? Hell, we don't even teach arithmetic properly!
That's intentional. Educating people on economics would kill a lot of narratives
@@riotsprotests2070 for sure
@@L_87 A popular myth is the sex wage gap for instance which with even a little bit of research can be easily disproven. Yet politicians pretend it exists to get votes.
McDonalds: "Oh, now humans are $15 an hour? How convenient. We just so happen to have these order taking robots that only cost $13/hour, and they never take breaks!"
And the more robots they make the less they cost per unit, cashier's not long for this world.
In Australia they have touch screens too make your order on, and you either swipe your car or give cash at the counter. But they already reduced the amount of people working at the counter
@@Thomas-bv1bs even then Australia has a much higher minimum wage than America. The one big thing Australia has that America doesn't is universal healthcare. That leaves more money in the pockets of business owners.
@@mra6308 why is that? Do you mean business owners would have more left in their pocket in Australia or America?
long story short humans no longer have the monopoly on their labor anymore.
there is competition from technology and it will only get worse as time goes on.
These people don’t understand economics . Raising the wage will also cause the price of everything to go up.
Think about it
Two people are competing for a job one person is offering their time for $7 an hour while the competitor is offering their work for $5 an hour this situation is completely impossible when you consider a minimum wage being in effect and actually removes power from the employee
Raising the minimum wage is just removing buying power for the middle class.
While it has an effect on the cost of goods and services the best way to think about it is just to graph out the value of levels of skills. Minimum wage effectively makes it illegal, ot unreasonable, to hire people who have skills below the minimum wage value. It makes the people at the bottom of the scale unemployable.
Fuckin A dude I know. Every dollar the minimum wage goes up virtually everyone who makes more than that lose a dollar an hour.
This makes no sense. Even Ford said that paying his workers more to become customers of his products was how a business succeeds. You have more customers!
umiluv that has nothing to do with employees, that’s how ford, an person in the upperclass wage group, keeps his money, by exchanging money for goods that cost way less than wages.
not one of these guys have ever owned a business lol
Of course not. They have done zero research and are just speaking off the cuff
No, they think all business owners are millionaires and have a ton of disposable cash lying around.
and never will
The business owners would just get rid of the $15/ hour minimum wage workers and hire illegal immigrants off the books.
@@Navy35 how many illegal immigrants do you think there are?
3:30 watching a liberal wake up and enter reality is such a satisfying feeling
I moved to Salem Oregon just recently, been here for about 5 months. I've lived in the Midwest for 30 years.
There is a set minimum wage by the state(same as what we saw for Cali in this video) at like $11/hr up to $13.50/hr depending where you live.
Most entry level jobs where I lived in the Midwest started between $9-$11/hr. Other groceries, everything is more expensive here. A typical burger meal at a local restaurant is generally around $15-$17 dollars, whereas that same meal would be about $10-$12.
So yea generally raising the minimum wage doesn't really do anything except raise the prices of everything.
I really appreciate the respectful tone this video takes, rather than mocking the respondents.
They deserve to be mocked, walking around like zombies in their cute little utopian bubble of ignorance.
They deserve to be deported.
Mocking is actually what changed my bad habits. I appreciate the brutal truth more. It’s quite the motivator when people mock you for your shortcomings.
Richard Empson Watch our everyone. Another genius in the UA-cam comments section with a superiority complex. All based on a 7 minute video consisting of edited clips.
@@gfyyoutube7702 even as the end game of gentrification has increased rents to the point of their utopian business district shuttering.
If you raise the minimum wage then it will be even harder for everyone to find a job. Why should I hire some 16 year old high schooler to make $18 an hour when I can pick a more qualified candidate?
It's already like that. There's a lot of adults (many with college degrees) working in the service industry right now. They told us when they shipped our manufacturing overseas that the US would become a service industry economy....and it has. It's not going to change back to a "teenager job" until they bring our manufacturing back. Don't hold your breath.
I don't like minimum wage. I've come to believe there's a massive oversupply of labor (since the 1950's we've pushed through mass immigration, women in the workforce, civil rights and now mass outsourcing). I believe this was all very convenient for the corporation as to maintain such a large labor supply (and lower wages so much) that we need socialist intervention for people not to starve.
Restrict the labor supply and you can start tearing all this socialism down.
@@LotsOfBologna2 "I believe this was all very convenient for the corporation as to maintain such a large labor supply (and lower wages so much) that we need socialist intervention for people not to starve." Bingo !! I love finding smart people :)
You hit on something most people never really grasp. All that socialist intervention (like food stamps & section 8 housing) is corporate welfare.
The corporations don't have to pay employees a living wage because the govt subsidizes them. (by paying for the employees' groceries, rent, etc)
The government doesn't have its own money. It's our money.
So the govt takes money that we earn & gives it to people who earn lower wages....socialism!
We literally pay a big part of the wages of millions of people....so the corporations won't have to.
That's why corporations love it. They're the ones who truly benefit from these socialist programs/corporate welfare programs.
@@JamieM470 I actually never thought about that and it makes so much sense
@@JamieM470 And the fact we give corporations huge tax breaks, you know where all this subsidized money comes from. Right out of the middle class...
The real shame is there's enough wealth in this country that there is no need for ANYONE to be poor, but the 1% would rather keep people hungry and homeless so they can squeeze $1 more out of society.
$50 minimum wage in Rwanda!! Then they can be rich, too!! Why has no one thought of this before -- all these poor people around the world... Just hike the minimum wage until they're not poor anymore! Easy peasy
We have high minimum wages here in Australia and guess what.... you can barely afford a house on 6 figures and rent usually takes up an entire income so you need 2 incomes just to be able to rent
The housing economy is more controlled by supply and demand then minimum wage.
@@markelcreek56 but if everyone even ditch diggers earn 70k a year it drives the price of property up... just like how google headquarters drove low income housing away
@@markelcreek56 both actually. C
@@TheRoark85 here is the facts though. The housing market in america is currently being overtaken by foreign investors looking for a place to park there money and they have been ramping up the market with extremely high bids that also reduce demands as they dont actually live in those houses. And there is also the fact that although productivity has been rapidly increasing since 1970 minimum wage has seen practically no change. So the problem here isnt minimum wage but foreign investors that the gop has refused to do anything about.
Your point proves that "high" is a relative term. Hence the argument for eliminating "minimum" wage.
"If there were no minimum wage, people would be forced to work for free". That is an idiotic statement.
Yeah dude, how else would you afford to pay rent and buy food? I need to go to my job and work for free to pay for these things.
@@quincy-2000 Companies need workers, but none one works for free. No salary=no workers. Good salary=workers
Eljas K Precisely.
They may not force people to work for free but they will pay people peanuts yet they earn millions. Just look at how Amazon treats its workers even though Amazon brings in profits by the billions.
"There would be slave labor!" Except if you weren't offering to pay people what the job is worth, they won't work there. @Mr A, so raising the minimum wage and forcing Amazon to automate more of its business, putting thousands of people out of jobs is the solution? Don't forget that lower average wages lowers business costs, allowing products / services to be cheaper. Raising to $15 an hr would make basic things much more expensive so businesses can cover their payroll and still make profit and stay in business.
Why are people so worried about minimum wage instead of making way more then the minimum?
I love how they think people should be able to live a nice comfortable life on minimum wage lol. McDonalds isn't supposed to be a career choice, you're supposed to acquire skills and advance at some point in life. Having a house, car, and raising a family are supposed to be incentives and goals, not automatic rights just because you exist.
@@eternalreign2313 lol @ "they". The minimum wage was created to be lived on, and at a time was enough to support a family of 3
thugly921 If all jobs ended up that profitable, that would only serve to push out less qualified and educated people out of the workplace. Why should you make that much money for doing a job that literally anyone else could do?
because they know they're not qualified to do it ;)
@@eternalreign2313 And that I blame on my generation, and even more, much of my parents generation. Too much wanting their kids not to have to work as hard as they did prior to our shift from agrarian societies to industrial.
It isn't about making anyone "richer". Its about making the middle class poorer. A raise in minimum wage doesn't give a raise to those who have been in their career of job for a decade or more. There shouldn't be a minimum wage at all.
There should be no minimum wage. People should be paid according to their merit. Why pay $15 an hour to a lazy person who can't even get your fast food order right. No minimum wage would cause more unemployment, low motivation, and drive inflation.
Unfortunately this isnt the most popular opinion, but i think it is a correct opinion if we actually want society to progress. In order to keep moving forward, we must drop society's "dead weight"
2016: Should we raise minimum wage?
2020: Should working be legal?
So accurate. Nobody wants to go back to work with their $600 unemployment stimulus that the Democrats want to keep sending.
@jimmy dugan That would be slavery. Forcing people to work that is.
@@DylanAsfur Wrong. Turning down going back to work removed your eligibility to receive that check
@@thugly921 that's not true. I had to stop working because my school closed and that meant I had to go back home to another state. I could have easily gotten a job somewhere making $10-12/he but getting $600/wk was definitely more economically beneficial to me and I didn't have to actually work. I hate the policy, but I'm not upset that I got $7200 for doing fuck all for 3 months.
@@methuselahhoneysuckle9575 um do you mean you got paid 7200 for keeping yourself and others out of harms way for that amount of time? Worth it in my opinion
Instead of raising minimum wage, they should lower property tax.
Replace it with a Land Value Tax, too.
Movie Games how does that make sense? If you are on minimum wage you probably wont have any property.
Because in the video you just watched, the property tax increases are likely the reason the rent on the buildings went up and the shops closed. That property tax just made the wage for those workers go to zero.
Movie Games You are assuming that the business owners will pass their savings on to their employees? FAT CHANCE OF THAT!!! You must be republican, and delusional as republicans are as far as trickle down economics is concerned. As usual, the business owners will use their added sum and invest it in their business so they can make even more money for themselves and give almost none of it to their employees. That’s the reality of trickle down.
SoulfulJim1 trickle down in theory is perfect when its on paper but realistically almost never happens. As the very rich continually get richer owning more and more of the nations total wealth, while the poor stay at a stalemate.
Since $0/hr is the actual minimum wage in reality, that's what I'm going with.
I like that they don’t try to make the regular people look stupid. Their just pointing out confusion.
"It doesn't matter what you raise the minimum wage up to, that'll be the new poverty level" -- Me
Raise it to $100/h and watch the cost of everything rise to meet it. Bread will cost $40 a loaf, and people making $100/h in that economy will be just as "poor" as people making $10/h in the current economy. The minimum wage pandering is nothing more than opportunistic politicians taking advantage of poor people who don't understand anything about economics. It's like talking about reparations when you're trying to win the black vote.
You just straight up quoted yourself lol. And i will be stealing that line
What you said will only be true if the gold standard comes back.
oh it would actually be worse than that. When the minimum wage goes up the people who made more than the new minimum wage don't get a pay increase. As a result the subsequent increase in prices mean their money is now worth less than it did before. So if you increased it to 100/hr then everyone who made less than or equal to 100/hr before are now at the poverty line. When Canada increased the minimum wage from $12/hr to $15/hr my pay, my wife's pay, and our friends pay didn't go up $3/hr. People who were making $15/hr that had to work their way up from that $12/hr are now making minimum wage again.
kinda, but its more complicated, raise the minimum wage > lay off workers > less money circulation > less value in a dollar > higher costs to meet change > poorer people
but lowering it is different, lower minimum wage > more businesses open > more people are employed > more money circulation > more value in a dollar > businesses compete > prices drop.
when you increase the minimum wage people have to raise their prices to meet the change in value of the dollar, but when you lower it, the new competition created plus the more valuable dollar causes prices to drop, meanwhile people are still able to pay their employees a lot of money because more of the product is being sold because more people are being payed.
No, it doesn't work that way. There are plenty of countries which simply have massive, Great Depression-level unemployment rates because of insane minimum wages and even more insane labor laws.
If raising the minimum wage hurts the very people it is supposed to help, then how is it moral?
+nin6246 Because it makes you feel morally superior to those evil, greedy capitalists. This is all about feeling good, not doing good.
+Chairman Meow those darn capitalist that provide me and everyone else with jobs...shame on them!!!! LOL
+Chairman Meow Moral Posturing. Virtue Signalling. Basically, I am a terrible person that needs to make myself look like a good person, regardless of the harm that may occur in the process.. Pathological Altruism is right next door.
+nin6246
Have you ever been in a situation where the "Good" thing feels worse then the "bad" thing? Lets just say hypothetically speaking that you come across some money,only to find out latter that it belonged to someone else. Now before you answer let me add two things...
1. After going to the police,you were told if no one clams it after 30 days it's yours. The person comes to you after the 40th day so the money is now legally yours.
2. You could really use the money.
Now, The moral thing to do is to give the person back their money,but if you do that then it will hurt you since you will be less wealthy by that amount.
In your scenario, the moral thing to do is give the money back. What is legal isn't necessarily ethical or moral. Your second bullet point saying "You could really use the money" is nothing but a rationalization for taking something that isn't yours. I would say though that since you were holding it for the other person who misplaced their money, it would be decent of them to either (A) let you keep it or (B) let you keep some of it or promise to return the favor at a later date in case you ever need help on something.
i come back and watch this video every couple months to remind myself people have no damn idea on the things they want, and vote for. it's always so refreshing lol
That’s exactly why Basic economics should be thought in high school...
@Strauss Basic grammar too.
Not only does it cause job loss but in most cities once minimum wage passes somewhere between $10 - $11 they start to see even income fall too (despite the higher wages) because employers start hiring part time instead; resulting in people being unable to collect their benefits and these business' being unable to run at the efficiency they could have ran at with full timers. Everybody loses!
What on earth is on your channel
And when "full time" status us lost, so is your 401k and insurance.
@Ryan Alex Walmart employees help the company make billions in profits, every year. So obviously, their level of productivity is very high and according to your metrics of pay, they should be making 5x the money per hour they are making now.
The American Middle Class only came about because of rising wages and benefits for workers, it wasnt through a miracle of benevolent corporations. Thousands of people fought and died for the pay, benefits and standards of living you enjoy today. It's not like companies simply handed them out freely.
It just leads to outsourcing
@@ScreamingManiac The biggest savings from automation will come from automating the C Suite executive functions, not the simplest and most cheapest tasks.
This shows us that our education system is failing far too many
Sean Hughes Everyone should take a basic economics class.
Sean Hughes Or that most ppl dont take economics...
or history, since minimum wage was **LITERALLY CREATED BY NAZIS** to execute their eugenics.
DDG's Buffys most states require an economics credit to graduate high school...
>Failing
No, this is INTENTIONAL. This is success to them. A stupid underclass who advocate for economics that destroy their own future for the rich upperclass is beneficial to the government.
The guy wearing a t-shirt that says "fingerbang" spent more than $200.00 on a shirt. LA really does hit different.
Should NEVER be ANY legislated minimum wage. Basic economics. Basic capitalism. Supply and demand. Employers pay as needed. Employees gravitate to their best option. Kids living with parents do not need much; not supporting a family, any amount of pocket change is good. Kids need entry level experience at whatever $ they can get. No more exploiting college kids via “volunteer” work at $0 income “experience”. Also, no more “free stuff” for able bodied adults. Get a job, any job, or don’t eat!
The Governor said it best, " it doesn't make economic sense but it makes political sense. " this is not about helping poor people it's about making politicians look good. If you can't contribute $15 per hour you won't get a job.
Martin Woodcock I really hope they raise the min wage to 15-20 bucks an hour because my job is protected by the union haha
carolyn mmitchell you mean the mafia? lol
Well the SEIU and other Unions are the ones pushing this wage hike because that's what THEIR wages are predicated on.
They don't give a fuck about a burger flipper at McDonald's they just want more $$$ for themselves.
The marginal value of a job may be far greater than the market value of the same job. A simple example, the person who sells tickets at a movie theater. Without a means to collect money and dispense tickets, the entire theater would close. The operation might net a thousand dollars a day. If a minimum wage law were passed raising the ticket seller's wage from $10 to $15/HR would the theater close. No, the owner would absorb the cost initially. But the owner might be tempted to replace the ticket seller with a kiosk. Even if he didn't, she might find more competition for her position. The desultory gum-smacking high school dropout might have to compete with a motivated high school student or single mom under the changed circumstances. The owner would figure if he had to pay $15 an hour for labor, he might as well get $15 worth of labor.
If it's too little, people will get taken advantage of (see Walmart and the government subsidizing their wages basically because they don't pay them enough), but if it's too high, then companies get extremely picky. If I seriously had to pick a number on my life right now for the current market, it would probably be at least $9 an hour for states that aren't even that high.
9.50 for tea? My god.
+Christian Escudero You know what they say about a fool and his money.
I can understand if this was tea culinary expert:
High quality tea with exotic ingredients
Yeah I need go open my own tea and coffee shop. sell Kirkland packets of tea for that price
That is average in Nz...... Please help us, It's $30 for a bowl of pasta at a semi nice resturant
A tea and a coffee, you guys..
All I see is a lot of people educated by big brother. Bless their hearts.
Big brothers? Do you know that adjusted for inflation, minimum wage in America just halved in a century? Ask your grandpa about what it took to buy a home in his time vs what it takes in our time.
@@aniksamiurrahman6365 that's because of the government
@@dukeljk2191 Sure! Everything is for the government. Its government why Facebook and Google steals our data, its government why Apple, John Deer etc. go out of their way to make their hardware irreparable, its government and not insurance companies for which healthcare bill in the US makes no sense. You know it's all government.
or perhaps we as a society recognize that not all jobs were ever intended as a livable source of income and instead of shooting for a once size fits all solution we recognize that the problem is more complex and that unskilled labor is something that does not demand a livable wage because the supply as far as bodies far outstrips the demand. In that situation your work has little value and you are replaceable and the target worker is just that unskilled and thus the churn on those positions should be high or a workforce completely consisting of part time high school students.
@@aniksamiurrahman6365 " its government and not insurance companies for which healthcare bill in the US makes no sense."
Yes.
Private healthcare worked great until the government stepped in. Back in the 20s-60s we had things called fraternal societies They were healthcare back then, they were super popular and hundreds existed They were favored among blacks and immigrants for its low price, a workers daily wage would cover a years worth of healthcare Doctors would be very competitive to get contracts for these fraternal societies as the jobs were very stable If a patient didn't like their doctor, their contract might not be renewed But the medical establishment didn't like this, they didn't like that prices were so cheap and that doctors were serving lower class people (black people and immigrants, it was the 60s after all) So they petitioned the government to kill these fraternal societies The government then set limits on how many doctors could graduate and be licensed each year "to raise the quality of medical care" but this just artificially limited supply of doctors They also sanctioned any doctor who dared to sign contracts with these fraternal societies.
Imo what would happen if there was no minimum wage:
Company A: we're willing to give you $2 an hour
Me: Well, Company B is willing to give me $5 an hour.
Company A: Ok fine, $7 an hour.
Stranger: (walks up to me) I'm the CEO of Company C, and I can offer $10 an hour.
Company A: 😨
Yup, basic supply and demand.
Except a lot of the ones complaint about minimum wage are the ones without a college degree. Meaning that it is mostly unskilled labor so they can easily find others to do it as the supply is much bigger than demand and if the supply gets smaller they can bring in immigrants for an even smaller wage.
Very basic problem with your little brainchild right there; if it had any resemblance to reality, there would be precisely zero jobs paying minimum wage. Just... think about it, for one second; it's a *minimum* wage, not the mandated wage for the lowest-paying position. Companies can and even sometimes do outbid each other for their lowest-paying positions, it's just that that first offer has to be at least the baseline set by minimum wage.
We actually have the perfect case study for this, too. There was really a time, long ago in an obviously more enlightened age, where the US didn't have minimum wage laws. Tellingly, this period led directly to the creation of minimum wage laws, along with a large collection of other regulations. Your hypothesis works fine when there aren't enough people looking for work; in rural areas, where very few people live in any given place, in specialized professions with relatively small pools of highly skilled candidates (whose compensations are not even close to the range set by minimum wage), or shortly after a year-long pandemic where relief measures have temporarily allowed people to *refuse* to sell their labor to anyone who will take it without starving to death and losing their tiny apartment. Most of the time, for the people most affected by minimum wage, it goes a lot more like this:
Company A: We're looking for a worker
Candidates 1 through 26: We can all do that thing
Company A: We will hire one of you. What do you bring to the table?
Candidates 1-14: We will offer you hard work 8 hours a day for five days a week for $9-10 per hour
Company A: Well, candidates 15-25 are willing to get $8 an hour
Candidate 26: I can offer literally the least you're legally permitted to pay me.
Candidates 1-25 :(
1:04
"The minimum wage is gonna raise, and then everything around it is gonna raise, so I don't really know if it makes too much of a difference."
THANK YOU
More like "fuck you" because prices only go up due to owners PUTTING them up for their own greed. There shouldn't be hundreds to thousands of people on this planet with 250+ foot yachts while there are hundreds OF millions with basically nothing.
Denmark has $21 an hour minimum wage, free childcare, free healthcare, free university, no wars, little poverty, little violence and crime, everyone's doing pretty well and getting along... So why the FFUUCCKK could WE not get even a measly fucking $15 minimum? And that's not even asking for or counting the other shit.
+Hazardous-Nebula how much do the Dutch pay in taxes?
Hazardous-Nebula
It's called the free market you dumbass. What motivation does a business have to have ridiculously low wages? If they put their wages too low another business that can AFFORD to pay their employees more will steal their jobs.
There "shouldn't" be rich people in the world? What have they done wrong? Are you suggesting we steal their money to make the world more "fair"?
Why does Denmark have such nice amenities? Oh I don't know, maybe it's their 100 average IQ? Maybe it's their homogeneous population? Maybe it's the absence of 11 million illegal immigrants and 110 MILLION people on welfare? Oh yeah, ever see how high Dutch taxes are? 55% Income Tax, 25% Sales Tax. The Denmark Government can go fuck itself.
Not to get into a debate but the department of labor disproves all the right wing debates www.dol.gov/featured/minimum-wage/mythbuster
+jsmetalcore
I appreciate the source, most people just use words as their arguments. But I don't think saying "meh it's not bad for most people so fuck it $12 minimum for everyone!" is a good argument. Take their example of "2/3 of businesses can afford a $12 minimum wage". That's literally saying that the government should put the other 1/3 of businesses out of business because the other 2/3 can afford it. It's theft, they're forcing the 1/3 of businesses to pay employees wages they literally cant afford.
they raised minimum wage and now im paying like 8 dollars for a fucking subway footlong
Mario eh not really because of that ... I used to work at subway back when the 5 dollar footlong was just about to die out and i still got minimum wage. Subway raised their prices idk why though
+Josh Smith because minimum wage increased, causing inflammation
+Josh Smith *inflation
Thank the retards who think raising wages won't raise the cost of living. Damn bozos looking for a placebo!! 😠
On a side note stop eating subway. The whole healthy subway gimmick advertisement is shadowed by studies.
Studies have time and time again shown a correlation between higher minimum wages and higger buying powers. Of course cost of living will go up when minimum wage is increased but the difference in price affects the middle class less than the higher classes, and therefor it shrinks the gap between rich and poor.
It's not a simple issue. The minimum wage used to be much higher relative to the economy. Now that the economy has grown but the minimum wage has remained relatively stagnant, businesses are built around a lower wage and often wouldn't survive an increased minimum wage. Anyone who thinks this issue is one sided is very misguided in their thoughts
One of my sons is a senior manager at the corporate level for a national restaurant chain. Hawaii went down this road raising minimum wage significantly. At the time they had 5 stores there, within 2 years they closed 3.
The real minimum wage is $0, which is what people without a job make every day. By forcing employers to pay low-skill, low-education workers more than their labor is worth, you will see them hiring fewer of these workers. Someone who used to make $8/hr will soon be making nothing as they can't find a job.
+Chairman Meow The other thing is it acts as a disincentive for employers to invest in training. I live in a country with a pretty high minimum wage where there is next to no on site training. When you are paying 40 - 50 dollars an hour to have someone on site, you really can't afford the downtime for training.
That was the big thing that was missing form this video, the actual cost of employing a person, not just what that person takes home.
+Chairman Meow agreed, icing on the cake is mini-wage removes upward movement. say a business has $16 per hour budget for labor. if one employees labor is worth $5 per hour and the other employee's labor is worth $11 per hour. the state requires a mini of $8 per hour. the winner in the situation is the least productive. the looser are 3 fold, 1. the best employee who receives less for production or they quit to work for a competitor. 2. the business owner who risk losing a good employee, firing a poor employee (risky in sue happy environment), or cutting from profit,overhead. 3. charge higher prices to afford to keep best employees. Good design to keep the masses in struggle. so they keep voting for the same thing that is put them in struggle. if the leftist did everything they say they would do, they would become irrelevant.
+Chairman Meow
I thumb's up your name, yo.
Chairman Meow that is happening in washington state
When I first got my job at ADP, they claimed they spend at least $50,000 per associate to hire them. I make $22/hour.
Here in california I was denied my first job interview because I would essentially be acting as a paid intern and the company couldn’t afford the state minimum wage for someone with little to no experience.
Didn’t matter If I would have done it for free since I live at home, but state law insisted I be paid and even though they wanted me on to intern they couldn’t hire me. Who would’ve guessed that all these economists had a point about something involving the economy.
Exactly. All a minimum wage does is price low experience and low skilled workers out of the job market. Not only that, but the unemployed for 2 years could be gaining skills and experience needed at a below minimum wage job, to make themselves more productive in the future.
Economically, minimum wage laws create a surplus of workers seeking the minimum wage jobs (assuming the minimum wage was set above market prices). Price floors above market price create surpluses, that's just basic economics.
Could they truly not afford it, or is that just what they said?
@@MC-bd5ub Oh yeah, talk about missing the point.
@@MC-bd5ub you sound like someone who thinks everyone just has trashbags of money to throw around.
This is exactly what is wrong with higher minimum wage...
BUT
by the time I was 18 I had three years volunteer experience and got a pretty decent first job. I washed dishes at a soup kitchen for three years. 10 hours a week/3 days a week.
I did food prep as well. There are options to enter the job market at that young an age.
There's already unpaid interns. Minimum wage is already $0. It's just that if you want more than $0, you have to go all the way up to minimum wage. It makes no sense.
Minimum wage hikes are pointless, because the cost of living increases along with the minimum wage hikes.
It's basic elementary school math.
Setting the the cost of living below minimum wage is mathematically impossible.
Liberal logic 101: It doesn't make any sense but it feels good…
+Ty Ger i know u copied that line from one of praiger university's propaganda videos..
+Disabler error 404: arguement not found
cat bag google it u lazyass..
+Disabler what i'm saying is, your comment is not an arguement.
cat bag neither is yours..
At $20 a hour, then your hamburgers would cost $15 each.
then we will just raise it more lol
Zimbabwe hyperinflation here we come. not-loling
@@TheGrayman1234 They would likely cost closer to $7 maybe $10 at the most. People overestimate the increase in costs. Truth is, corporate greed keeps wages low. Corporations buy politicians that write laws to make them richer. McDonald's and Amazon have more than enough money to pay their employees a living wage, but that would hurt their profit margins.
@@thomasjensen5042 Thank you for confirming that it will increase dramatically.
@@TheGrayman1234 It's not that dramatic of an increase when you consider how much federal minimum wage would he increasing. Just over double the minimum wage would mean your cheeseburger might cost $7 instead of $3, but making $15/hr would offset that cost. People act like Walmart prices would skyrocket if their workers got paid more, but the truth is a can of food might cost 1c or 2c more. We've let corporations have all the power and the workers have next to none.
See, most of he said would happened already happened out here in LA when they raised the minimum wage back when I was 18. 🤦🏾♂️ And people still find get it. To quote my friend “There’s no hope for those people”
In the 90’s motorcycle mechanic trade school cost about $20,000.
Ronnie Messner worked for me for $5/hr to learn the trade hand’s-on
without paying for a school.
The state of California forced me to fire him because $5 was below
minimum wage and he did not have the skills to reliably produce more.
Wage and price controls always result in unadvertised consequences.
I wish I could get randomly interviewed like this.
"How much is the cup of coffee?"
I make it at home. 100 cups of coffee for $30 from Sam's club is $0.30/cup
"What's the most you've spent on a shirt?"
Outside of work, all I wear is pocket tees from Walmart. 6 shirts for $20, so about $3.33
And I believe wages should be adjusted according to the market with no set minimum. When I was 18, I was making $8/hour as a gas station cashier.. 8 years later, I've more than tripled my hourly rate because I only lasted 3 months at that gas station.
@brandon breaking down the trivialities, in Utah in my specific location, making a cup of coffee is going to run maybe a little over a dollar...maybe 2... Possibly even less, especially since I use resusable cups and a reservoir. Essentially, by the time I drained my water supply after 2 weeks, I have already bought and paid for coffee more than a thousand times over.
Like you said, still a lot cheaper and also better for the environment.
Being a little more self reliant is overall cheaper on the wallet and healthier on the planet.
These people need to be told any argument that starts with "I feel" is not an argument
Everyone will portray the opposition the same way. So better take this: You people need to be told that any argument based on what you saw in any type of media (TV, newspaper or UA-cam doesn't matter) is not an argument.
@@aniksamiurrahman6365 *My opinion and argument being based on the bill I saw*
So anyways, I no longer have an argument
The perfect minimum wage is $0.00 - literally millions of people will work just to boost their resumes then go for a well paying entry level job
Are we just going to ignore the one guy's shirt?
"Fingerbang"
🤣🤣🤣
Straight away they say, “Raising minimum wage sounds like a no-brainer.”
How true that is. Assuming more=better requires no brains.
Cost of living will always go up when minimum wage goes up.
Imagine that minimum wage was $100 per hour? Candy bars would cost $75 each
I won't debate if you provide proof of this.
Mr. Shiada the proof would be only academic. Asking for real life examples is worse than asking for live human subject experimentation as arbitrarily setting a minimum wage to prove this theory would effect thousands of not millions of people. I’m sure many people have shown this to be true and it’s really just common sense if anyone takes 1min to think about it. Cost of living would in fact increase faster than minimum wage simply because there are more than 1 step in a process to take something from raw material to final product. If each step cost 10% more, the final product would be exponentially more expensive than just 10% more.
@@quentinthomason2287
Well if i am a store manager and i have to pay for my workers 100$ per hour i would increase the price of everything in the store to make it work! Therefore, increasing minimum wage is useless.
@@Happyx222
Capitalism. Enough said.
Why would people think working unskilled labor should pay this much??? This would run small businesses down the drain! Increasing minimum wage that much would keep employers moving towards cheap labor and automation.
Franchise down
Some large companies WANT the minimum wage to grow and more regulations. Not only does this make them look good but it also kills smaller business that can't afford paying more than minimum wage. Making them run out of business and letting large corporations win. Sweden and most scandinavian countries don't have a minimum wage and have some of the highest incomes of the world.
As someone from Australia, with a very high minimum wage, finding a job as a young person was very very difficult. Like I was unemployed from 18 - 20 despite looking for work quite regularly during that time, especially during university breaks which were 3 - 4 months. Like I just wanted a casual / part time job during holidays to make some cash but generic e-mail response, looking for people who meet the requirements closer for very basic jobs.
Only the military hires
Oh yes, you could have gotten some earlier work experience and skills if you were permitted to work for a wage lower than the current minimum, plus some money rather than no money.
Same with me in Canada. It is so demoralizing to feel like nobody wants you. You feel like you have no worth. I tried so many times to get a job, especially in electronics which interested me. I couldn't even get in. But I guess Marxists like people to feel demoralized and alienated, because they hope that will make them reject Capitalism.
@@brianbagnall3029 Oh yeah for sure, I'm sure this does push people to become extreme and toxic and hateful towards capitalism when its forced minimum wages people should be complaining about.
Pretty sure McDonalds and Hungry Jacks are always hiring.
"If there was no minimum wage, bosses would only pay you $1 an hour." Then I would offer you $2 an hour and you would work for me. Then your old boss would offer you $3, and we would keep doing this until we reached a level where we could not increase your wage anymore without losing money. No one is going to pay their workers 25 cents an hour, because competition exists.
+Charity Diary depends. if you are an unskilled worker, ie minimum wage, then there's plenty of competition for your job so wages will remain low.
+verbaledge For unskilled jobs, there's a balance. For example, if McDonald's paid its employees $1/hr, no one would work there. But if it has to pay its employees $15/hr, it can't afford to have many people working there, so will replace most employees with automation. Somewhere between those two values is a point where enough people will be willing to work there to keep the customers happy. So what if this value is 50 cents BELOW the current minimum wage? Just means they can afford to hire more people, so more people will have jobs. If no one applies, they can just raise the wage. There's an equilibrium that will very quickly be found in unskilled job markets in the absence of a minimum wage.
Charity Diary there are a lot of people willing to work for what amounts to a shitty standard of living actually. i think we should protect those people. if you say, "hey you were dumb enough to agree to it" i understand that too, i just think it's pretty cold to say a multinational corporation cant find some way to pay people more than what people are willing to work for, while the company is turning a great profit and execs taking out hundred thousand dollar bonuses
+verbaledge If people want to work there, who are you to stop them? Let them work.
Charity Diary i dont think many people want to work a job where they earn below the poverty line, they do it out of necessity
If we’re going to have a minimum wage why not make it a gazillion dollars a minute? We could all work a minute, get a gazillion dollars, and never have to work again, right? The minimum wage is zero no matter what the legislature says. If the legislated minimum wage were $1,000 an hour my actual wage would be zero because nobody would hire me if they had to pay me $1,000.
Personally, I think the minimum wage should be the lowest possible currency amount. A penny, I suppose. If someone voluntarily takes a job for that wage, then that's their choice.
On second thought, if someone wants to work for free then that's their right. That's what an internship is. How awesome would it be to exchange your labor directly for trade skills.
$9.50 on a cup coffee just to avoid the big scary corporations....dear god
The company is based out of Chicago and has 12 locations. The guy couldn't even buy local correctly
not surprising coming from a guy who wants to increase the minimum wage. You can already tell finance is not his strong point.
They don’t look deeply into their “ideals.”
I immediately caught that and told him to fuck off even though he couldnt hear me lol
Fuck that. Coffee at 7-11 is 99 Cents and usually supports a local immigrant entrepreneur.
Remember that the *real* minimum wage will always be $0. Businesses will simply lay people off until they can balance their budget. Having a minimum wage hurts the people who are worth less than that rate, especially since the cost to the employer is much higher (Obama Care, payroll tax, etc.).
it's too soon to see the full effect yet.
Seattle suffered job losses already. though at this time it's still to early to see where it will stand once it balances out.
How many businesses require no employees? You believe McDonalds can operate with no emplotees? Ok. Go smoke another one.
Self-employment businesses. Most can go off of commission. Look at all the sellers on Amazon and Ebay. There is something called a business model. Some use low profit margins to win customers, which is why it can be harder to compete with big corps. There are different levels of skill as well.
@@davidbeppler3032 it can certainly operate without minimum wage employees. It can have managers and perhaps a contract cleaner, along with automation
Completely insane they're ridiculing this. Raising the minimum wage IS a no brainer. It's completely too low, because in this nightmare country we believe it's ok for a human being to make millions of dollars a year. Money they didn't earn, or deserve, just so countless others can be pushed into poverty?
No, that's not right on any level. This is why there will be a worker's revolt in this country and we've earned it. Every drop of blood will be on these rich people's hands.
Not every job is meant to support a person or a family. There should be no minimum wage
so who would do those jobs if the guy doing it can even afford food for himself?
ReasonTV: What if there is no minimum wage?
That lady: "There would be slave labors, because people are monsters."
LOL let's elect the same monsters to make the rules for all of us.
I guess the lady thinks that monsters only work in the private sector.
+Flynn Parish She's projecting.
+Flynn Parish Government only hires Angels. Didn't you know that?
+Flynn Parish
My next question/ survey would be what is the minimum amount of money you would work for?
I can't say how serious she was when she said that,but I willing to bet even she wouldn't except a job that pays you nothing, assuming we abolish the law(s) so you could even except a job like that.
Flynn Parish
Such economic illiterates shouldn't be allowed to vote. Yeah, i said it.
1:36 So he basically just admitted that he's making feel-good decisions rather than effective ones.
He pretty much said ''this policy will hurt the economy of the area - but it sounds good and will help me get elected next time round.''
@@revelationmd "Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good".
- Thomas Sowell.
baldieman64 just love Thomas Sowell. No one man should have such a monopoly on wisdom.
@@revelationmd I'm not in the US and only found him and Walter Williams fairly recently through Candace Owens and Larry Elder.
Like Richard Feynman or Jordan Peterson, they are masters of communicating complex ideas in an accessible, world-view shifting way.
baldieman64 Yep - UK here. His book Basic Economics was eye opening - and yep, it’s expertly constructed to make seemingly complex ideas accessible to dullards like me 🤣
And if minimum wage was raised to ten bucks an hour, it's not like two parents can work full time and live on that still.
this is why people say education is important. and clearly American education system is failing
"I want the highest minimum wage ! And I ended up living in the street since I'm lack of experience and skill, but I will blame trump because orange man bad"
You just summed up most Americans in one sentence. Bravo
@@IndoGunsnGear
Most liberals.
Not most Americans.
Mouse cop It’s hilarious because the young liberals are the people who do not wear masks and practice social distancing.
Mouse cop ! when I see Libturds wrote "tRump" the momment when "the left can't meme" is completely proven
We'll meme that tRump to white house for the second time prepare yourself commies 😂🤣😂
@Mouse cop that is correct, we don't want to wear masks.
I used to work for AAA in this area. The amount of lock outs and dead batteries shows the level of intelligence these people have.
As a AAA tech I can confirm 👍
As a fellow AAA tech repair myself as well, I also concur 👍
Sorry but dead batteries?
@@petergriffinson1907 Leaving their lights on or key in the on position. We've all ( most of us ) done it, but apparently this is an extreme amount going on.
@Salvadore Orozco You forgot to form a coherent sentence there, bud. I guess you are so salty about what he said because you are just like the people in this video.
Raising the minimum wage hurts poor people the most. Over half of those below the poverty line are UNEMPLOYED. With a higher minimum wage they would then have to pay more for goods and services they require.
This whole video feels like Atlas Shrugged. More people really need to read that book and see just how close we are to living in the warning Ayn Rand gave us
That warning was a lie that a lot of morons fell for.
Doesn't matter how high you make minimum wage, they'll just make everything more expensive.
Yeah I mean that's inflation
Everything is already getting more expensive is the bad thing...
@@hnys7976 I know right🤨
@@peterjuhasz9741 so I would have to stop buying everything?
@@peterjuhasz9741 dont be a moron. Should we go live in a shack in the woods???
It's a double-whammy for low-income workers. They have a harder time finding a job while the prices of goods in the community go up due to the wage increases.
prices go up whether minimum wage increases or not.
Only if the minimum is set too high. If it were about $9 for every state lower than that, at least that would be reasonable enough. You know how many people are being subsidized on their wages by the government from minimum wage jobs? The minimum is too low in most places, seriously.
. . . welcome to California noControl :/. A minimum wage worker will NOT be living in Silverlake. And its tough enough to live in LA "county". Most of the rest of the nation have no clue how HUGE LA county is, and sorry - I want to live in its safer, more thriving areas. I do NOT want to stay working at my current entry-level 9 to 5, I still have "ambitions" to move forward.
regulations and taxes by democrats = inflation
The thing is that it's already so tough for them to find a job and pay their bills anyway, the minimum wage will hardly make a difference
The dude who pays over $200 for a shirt and the one he chose today says ' Fingerbang'. Brilliant.
When they say poverty, they mean relative poverty.
$7.25/hour is not poverty.
See, this is the problem: The people who were saying that we needed the higher minimum wage "just to survive" are the same people who are paying $200 for a T-shirt, and $9 for coffee. If you don't make much (like myself) don't live above your means!! Don't go into credit card debt. Don't buy coffee from fancy shops. Shop at Thrift stores.
The Idea that people should get exactly what they want without working their way up from the bottom is just entitlement, and that's not what america is about.
+Nick Iles its exactly what america is about nowadays.
hey buddy, THEY DON'T WORK FOR MINIMUM WAGE
👍👍👍👍👍👍
THANK YOU!! 👌👍👍
The people who buy shirts for $200 and buying coffee for $9 aren't the ones who live in poverty
1:10 Best response. It's honest, and it's unashamed, and it's exactly how most people need to answer.
1:03 is the best response. It's also more or less correct.
Especially if they know nothing about economics like the average American
In the UK the minimum wage was introduced in 1999 at £3.60 per hour. In 2022 it was raised to £9.50. However it has done absolutely nothing to raise people out of poverty. Poor people are still poor.
Let the “free” market set the wage, I don’t believe in a minimum wage.
But wouldn't companies exploit people? I believe in the free market and all. But people do need to survive.
@@ralphcotton7119 you can blame the government for that,…the issue is excessive regulation (not free market), jobs leaving the country (high Corp tax “china’s is cheeper so they all go there”) and illegals taking whats left keeping wages low and jobs scarce,.not free market principles, in a nutshell? your government put you in direct competition with the cheapest labor in the world with no protections,….that legislation was passed by Bill Clinton,..they call it “free trade.”
@@armoredsweatpants3997 btw not my government lol. I'm from Europe
@@ralphcotton7119 ours is on the way down, I’m expecting rough times ahead for America, there’s an agenda to take us down from within by our own gov to pull us into some global world gov.
@@armoredsweatpants3997 I'm not sure. I think it's foolish to paint things in such a black and white manner
It doesn’t matter how high you make the minimum wage. Everything else is just going to raise with it and it will seem like nothing happened.
This is called inflation.
+Xarvis90
Inflation is when money lose value. Prices can go up without inflation ( for example home prices in big cities go up without inflation and with inflation they have nothing to do ).
I had this conversation with my teen. He called it "inflammation".. had a good laugh.. then corrected.
KruK666PL I meant to say it causes inflation. If the wages are increased, many companies (especially the small ones) will have to raise the prices to their goods and services in order to pay all of the employees. If all the prices are raised, then the price to wage ratio would just be that same as it was before the minimum wage was increased. All that changes is that the money loses value
Actually you are wrong. "It will seem like nothing happened," cannot be further from the truth. When inflation occurs, employees begin to cost more than machines, and are soon replaced by their more cost-effective non-organic friends.
Nova Berry Woops I forgot about that
I wholeheartedly trust anyone with a shirt that says “Finger Bang”
*and that pays over $200 for a shirt
😆
0:44
Tara Reid shirt for Joe Biden?
@@MrUnlimitedTorque Quite a band
Raising minimum wage does NOTHING but increase the price of goods and make people more POOR....COMMON SENSE
Q: What level is minimum wage set at.
A: Just above the level the market would naturally set.
Result: It’s illegal for those who can’t command the minimum wage to work I.e. the physically and mentally challenged. Homelessness increases. Minimum wage becomes the standard wage for most of the unskilled jobs. Employers find creative ways to reduce employee numbers. Basic necessities become more expensive because shop workers are usually close to minimum wage so shop owner has to raise prices when min wage is introduced or goes up.