Mark Cuban On The Minimum Wage 🤯
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- Опубликовано: 26 янв 2023
- In this video, Mark Cuban tells us his viewpoint on the minimum wage ✅
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Full Clip: • Mark Cuban Answers Bus...
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15 bucks won't cover it. In 2 years we will have this same convo.
It's a broken system governed by inflation
Thank god for Biden he will fix up our economy and reduce inflation. #fktrump
yeah wage inflation
@@shawnlittle7527Lmao I wish. If only we lived in your nightmares
Exactly that's why there needs to be NO minimum wage. Now if you think that NO minimum wage means you're gonna working for .10 cents an hour then you don't know ish about business, capitalism, and free markets. When you set a relatively high minimum wage all you're doing is ensuring individuals that can't justify a $15 wage through their productivity NO work. Especially State's who's cost of living is low where minimum wage was at 7.75 and now at $16. In that State that is college level pay. So people are going to wa t their money's worth. The businesses are gonna hire something at $15. Well what if you're worth more than $15? It doesn't matter you're gonna only get $15. Now people with degrees who can get a decent paying job with the minimum not raised. But since it's already raised they'll get one the job which again pushes out the bad element
Still better than the $8 it’s at now
The number is 100% irrelevant. We need policies that increase our purchasing power, not just make the numbers go up.
Well said
Inflation is always going to happen whether you like it or not
What he said went way over too many heads
@@BlueRayofLight *deflation has left the chat*
Or get this dont do bare minimum jobs that pay literal bullshit I work in a distribution center putting shit on pallets and make 21 an hour literally just open zip recruiter and put an ounce of effort in
Everyone here complaining how 15 isn't enough when this is a 4 year old clip
It wasn't enough 10 years ago...it sure af wasn't 4 years ago...and it dayum sure ain't enough in this post-COVID economy
@@misocriallo4379it’s not supposed to be enough, hence “minimum” wage
@@misocriallo4379 If you couldn't live off of 15 dollars an hour in 2013, then you fucked up, not the US.
My friend's mother supported her family of 4 on 16 dollars an hour in 2013. It wasn't a lavish lifestyle, but my friend and his siblings never went hungry.
Just tell people you're bad with money. Stop blaming the economy lmao
@Legend-gv2nx People used to get paid $2 hour, which was minimum wage in 1974, and be able to have a wife and 6 kids. Minimum wage meant enough to buy a home and have kids.
Where the fuck did they live? Arkansas?@@Nilruin
He deserve an Oscar for this performance
No need he has Billions People need to Impress him
Jesus loves you & made a way for our sins to be forgiven. Turn to Christ & Repent!
NO you BOT Or NPC Repent you SINNER@@God_is_good_
How many employees do you employ?
Under 500 People So I can get the Free 3 Months pay for all of them from the State@@NathanHedglin
Ah yes $15 an hour... The new $8 an hour
Literally double bro what
@@Murcielag
Inflation left the chat
@@magic3224 thats not how inflation works… inflation is always lower than 10% in western countries. 10% means 1€ is 1.1€ so 8€ would be about 8.8€….think before texting next time.
@@kynx9r
No, inflation is not always lower than 10% in the Western world. Inflation rates can vary widely depending on a variety of factors such as government policies, economic conditions, and global events.
And increasing the minimum wage by $7 would be a major factor.
Therefore the increase in the minimum wage from $8 to $15 represents a percentage increase of 87.5%.
- Me (economics student)
@@magic3224 yea no you’re obviously not an economics student but if you are, you’re not a good student. Im not going to waste my time arguing. Just look up what you’ve written and you will see its all debunked bullshit written by fat rich liberals who are paid by the big companies like amazon.
We've been fighting for $15/hr for so long that $15/hr isn't even enough anymore
that’s how they get you!
In my city the minimum wage is $15/hr and everything is so expensive bc of it🤦🏾♂️
@@PopulationZeroo man that’s not why shit is so expensive…
@@PopulationZeroo That isn't how it works lol
Literally have 15 in my state yall just taking the L
I truly believe that people should be paid by their value.
The issue isn't the minimum wage. It is the relative buying power of a given wage for goods and services.
The $15/hr conversation has been going for so long it's like $24/hr now
I 100% agree we have $15.50/hr up here and people still can't make it
@@davidkeleher6355up where? Bc I live in NY and the minimum wage is still 15 an hour
If you think someone at McDonald’s should get 24/hr you’re high I’m sorry there are people with jobs that require a 4 year degree not making that much
@@top_hat_walrus1860so because you went to college you are guaranteed to have a job that pays well? Naaah.
@@top_hat_walrus1860 And everyone needs a place to sleep and food and water degree or not, let alone the other things we need by extent of living in this society like a car, gas, insurance, etc. All workers are people and they exercise a skilled labor that is necessary to society even if we take it for granted, if minimum wage can't cover these necessities and we aren't giving the workers the tools and rights necessary to negotiate a livable wage what the fuck are they supposed to do
It's been 15/hr here mark. It doesn't stop landlords and rising prices.
Landlords have to
Move to a different location? Everytime I hear someone complain about rent prices they live in a big city. The area I live in pays $18-22 an hour for no expierence jobs and rent is $500-700 a month. If you can't make that work something is wrong with your brain. $15 an hour won't cover a $1,500 a month rent in Denver though.
@@changedpace9169 where do you live????
@@jordyfernandes eastern Iowa along the Mississippi
@@jordyfernandes there's a farm near me paying $67,000 a year to run some tractors. Don't even need a high school degree
Corporate profits are at record highs and $15 isn't enough. Fact is these guys will continue to strategically inflate pricing to keep workers begging for scraps. We need to kick lobbyists out of Washington, impose term limits, and create legislation that strengeths the middle class.
I'd like to see a source indicating corporate profits being at an all-time high and how much that desparity is.
I am not requesting this as a "gotcha" or to try to disprove anything. I just couldn't find it myself and am curious about the subject.
@@thomasdelange1888 I'm glad you're curious. All of these economic markers are publicly available information. You can easily research profits of any individual company, industrial sector, etc over a chosen time scale. You can also do the same for inflation rates, as well as median income levels for workers who are hourly, salary, etc. While you're there you might as well overlay poverty rates for the same time period. You don't need me to provide individual resources for you. Follow that curiosity and apply any metrics you like. Socioeconomics is a broad topic.
Unfortunately people are ignorant about the money system. Central banking, income tax, and no gold or silver backing the money causes inflation to run a muck and people to remain poor. These initiatives that I listed off can also be found in the Communist Manifesto. Notice how no politician ever speaks on this
Unfortunately people are ignorant about the money system. Central banking, income tax, and no gold or silver backing the money causes inflation to run a muck and people to remain poor. These initiatives that I listed off can also be found in the Communist Manifesto. Notice how no politician ever speaks on this
@@thomasdelange1888idk bro it pops up pretty quick on google for me. Then the whole egg thing and farmers burning crops to keep prices up. Like we are pretty fucked until we start regulating pay and prices. Inflation it just how much we make and how much product cost while our government sits back and watches us struggle.
If there was a $15 minimum wage, many small businesses would be forced to go out of business and others could never afford to start up.
15 dollars doesn’t matter when everything is double the price now.
Literally I work in a supermarket and literally watched all the product double in price over the year
I mean it’s not double but I get ur point
@@NathanRudy … bro some products have doubled especially produce
@@NathanRudy nah hes right some things have doubled.
Wages and cost of goods are not a 1:1 ratio in number. Also the price of everything is going up anyways so keeping wages the same doesn’t make too much sense anyways
15 an hour was good 6 years ago
If 15 was minimum wage, everything will go up as well. So we're basically stuck with the same shit. 15 an hour will be the new 7.50.
@@lepee1300 see but this arguement is still dumb in the sense that everything is already up/going up ao making the same money and prices of everything going up anyways still doesnt make sense
@@lepee1300 only if the wage is too high. It isn't
this was 4 years ago, so not far off (and those two missing years weren't nearly as bad as the last 4 as far as inflation goes)
Here in California at this very moment they say you need to make at the very least 21.50 an hour to keep afloat. That number goes up rapidly too. 15 an hour here would have people at the homeless shelters
His first argument isn't even in favor of a $15 wage, just standardized
It's hard to believe Mark Cuban has the economic sense of a sea cucumber.
He doesn’t
He single handedly made a fortune on under cutting the price gouging of medical pricing for life saving drugs. He's one of the top investors in the market. Sounds like you have a skill issue
He doesn’t he’s just pulling wool over our eyes. 1 saying something like this gives him credibility and brownie points and 2 raising the minimum wage will not have an impact on business because prices will just go up so it literally pays him to say this when he doesn’t actually think it.
@@cooper197 yeah not like the minimum pay has risen for most of your history right?
@@BB-np4ib it has but have you noticed how nothing has become more affordable as a result of an increase of minimum wage… interesting isn’t it.
Minimum wage is the bandage. The real problem is inflation.
Because of wages increasing
@@damienevans7530 ... Because of inflation.
@@damienevans7530 Because of greedy global corporations that will use excuses to increase the prices of everything. That's the problem. Capitalism without regulation is just slavery.
Bro there is no inflation. It’s price gouging. Things have literally gone up 200%-300% in price but wages haven’t budged in decades. That’s price gouging
@@guy5140
For wages to increase there must be an increase in productivity on how a nation produces goods and services. Because if not it would mess up the economic system.
Man, imagine living in WA State where we've had the $15 minimum for a bit now but we still have a money issue
Nah seriously especially with how expensive it is just to live here housing food etc 15$ sounds good for young people living with their parents but you can’t make a living off 15$ in WA
@@Chixo_13 if you’re trying to make a living off a minimum wage job then that’s your problem. You think that would be different if the minimum wage was less?
@@calebwagner7474 the minimum wage act was created to be able to make a living for a family so yes a minimum wage job should make someone able to at least take care of themselves , if fortunate not to have a minimum wage job but where I live even me making 24$ an hour I still have to live with roommates just to afford a place to live
@@Chixo_13 you’re not working enough hours then, $24 is absolutely enough to rent a place on your own. Also still doesn’t answer how lowering the minimum wage would help lol
@@calebwagner7474 did you think for two seconds before typing?
I definitely agree on not letting yourself slip into the minimum wage dead end early in life when you should be focusing on yourself instead of having a child or dating while making the minimum wage of $8 etc an hour, but suggesting that you can rent a place on your own when you make $24 an hour despite the vast majority of rental units requiring you to make 3x the price of rent means that your rent + utilities + debt to income ratio would have to be under $1,280 a month which is not likely in literally any major city unless you're in the hood
if the minimum wage is too high we’ll run out of jobs because companies generally find a way to have the bare minimum for sustainability, we need to find a way to make money transfer quicker without increasing the already high inflation
Higher the minimum wage, higher the chance that established corporations get a stable business and smaller businesses collapse.
15 dollars in Kansas will go a hell of alot further than 15 dollars in California or New York.
shit bro i live and kansas and 15 hr barely cuttin it if at all
@@4ethanrobles4 Fr I live in the Ozarks at a lake bar and 17 ain't even enough to live comfortably.
@@stxrenegade I'm tired of them moving everywhere ☠️☠️☠️ I've been all over the country and they be moving into every state. 👉💥😵💦
That’s Californias fault
@@peterdaley not really. It’s called being a high population coastal city
$15 is the new $7.25, ain’t no way you can live off of $15 today
Yea I can't believe we are here in 2023 talking about 15 an hour rofl
Minimum wage jobs weren’t meant to live off of and people seem to forget that
@@iGetShaftedByEA that's not true, people should be able to live off of a full time job, even if its minimum wage. Obviously they might not be able to live very luxuriously, but being able to pay your bills and meet your basic needs is the bare minimum if someone is working a full time job. Most minimum wage jobs are much more laborious than higher paying jobs too
And yet the minimum wage is the same that it's been 10 years ago, inflation is getting higher and higher and minimum wage is staying the same.
@@SilentxKillerx5 Huh? Minimum wage was 9.47 in Washington state when I started working like 6 years ago and now it’s 15.75. And now the cost of living is one of the highest in the country so minimum wage does nothing but increase the price of goods and services. People flipping burgers at McDonald’s 40 hours a week don’t deserve to live a nice comfortable life I’m sorry. Minimum wage was never meant to live of off it was meant as a starting point for people entering the work force. If people have no ambition to get a better job that pays better that’s their own fault.
The real taxation is inflation.
They'll agree to $15 an hour , keep people as part time employees and zero benefits. While STILL ranking in billions. People need to just say NO.
Research has shown that IF you the minimum wage stayed with inflation from 1968 to Now, the minimum wage would need to be like $25.
It should be noted that when minimum wage is increased its not the big businesses that cant deal with it, its the small, local ones.
also big business’s may see it more profitable to just lay people off, if 15 is minimum they have to pay people 20+ to be considered a job worth keeping for most people, considering walmart already pays 15 here in texas and the minimum is 7
Yeah, anytime multi-millionares and billionares advocate for a $15+ min wage, I wonder about whether they care about people's hardships, or if they just want to line their pockets because they're invested in the companies that can handle paying a $15 min wage, and in the long run it would kill mom and pop shops and all business would default to corporations.
If a business can’t afford to pay someone a livable wage, then it shouldn’t exist
@@lithosphereX thank you for understanding this. I’m glad someone does.
@@lithosphereX i guess you have no concept of entry level positions that are for young adults and teenagers with no experience. typical way to gauge if someone has ever worked in their life, i assume you’re under 18? just letting you know when you enter the workforce if you’re this entitled to a “living wage” you wont find a job. mcdonalds isnt a workplace you should expect to provide for your family
Then they raise prices and we’re back where we started.
Also prices low skilled labor out of the market.
@@milomullins553 really only in times of uncertainty. A 300 dollar TV is bigger lighter and better quality then a 300 dollar TV 20 years ago. TV are also very unregulated as compared to food. You see this in nearly every market. Where regulation is bloated prices rise and quality suffers lack of regulation leads to advancements better products at lower prices
That logic has been debunked several times. Just take a look at countries that implemented minimum wage.
This wage-price spiral everybody was talking about didn’t happen it’s merely an argument made up by executives who oppose paying a wage you can actually feed your family with.
@@jonasgillmann what those studies don't tell you is price control in a thing in those countries
@@zachfreedom644 that’s simply not true. It might be a thing in some of these countries but when an actual minimum wage was implemented in Germany back in 2015 for example everybody said a wage-price spiral would make everything more expensive and more expansive which ultimately didn’t happen without any kind of price control in place.
Yeah, $15 an hour is great. However, do you think the companies will take a loss like that? No, they’ll raise prices on their goods and services to make up for the loss. Therefore, inflation happens, prices go up, and people demand a higher minimum wage again.
Your cost of living isn't the same everywhere. A flay rate never makes an even playing field.
If this was 1998 $15 an hour would be fantastic!
The 16 hour is gor cost of living not your iPhone or luxury TV or internet
@@nathanabner4524 get a real job then?
@@amoron6435 I have a real job just pointing out the fact that 15 a hour is more then enough to live off of just won't pay for your luxury stuff obviously said as a joke pointing out the fact people want free shit for the bareminimum and to be paid for positions designed for high-school kids to work 🙄
@@nathanabner4524 what does that have to do with the original comment
@@sulwhale3171 that 15 a hour is livable wages and that if you want more then that maybe work harder bums
PA is now slowly moving to $15 an hour, it will be $11 in 2024, $13 in 2025, and $15 in 2026
Higher minimum wage= higher prices= more ppl on the streets
Inflation: im abouta end this mans whole career
This was made a couple years ago guarantee you
Government overspending*
He knows what he's doing. When you are rich as him, raising the minimum wage only hurts his competition.
His competition clearly isn't doing things right because they're not as rich as him.
@@AlexDeLarge1 you generally don't become that rich without breaking a few eggs and lobbyists.
@@majorchungus
Call me cynical but if we're going to have capitalism, we should probably do what the people who know how to make a lot of money in capitalism say, and not what the losers say.
@@AlexDeLarge1 We are not in capitalism, we are in crony capitalism, where big business dictates what the government does with lobbyists.
Correct. Either no minimum wage or minimum wage locked to inflation. If that's not the answer, then you're either stupid or you want to destroy small business.
I can’t believe Cuban said that with a straight face. Raise minimum wage to $15 means cost of goods and services also increase. It means small mom and pop shops go out of business. It means corporate conglomerates like Walmart and Amazon take over, means they now have full control over cost. This only benefits the top 1% and the rest of us will continue to demand more money repeating the cycle.
If small mom and pop shops are going bankrupt because they suddenly have to pay their employees a living wage they should go bankrupt
Here in Australia our minimum wage is $23 ph (equivalent to $15USD). More if you trade higher pay for no sick pay/holidays. 97% of our businesses employ less than 20 people.
This should extend to waiters also. We shouldn't have to pay it, employers should
We just need McDonalds to go back to their 1970 menu prices and everything else will fall in line
facts
Impossible since they are having to pay more to require all products across the boards, as product cost goes up so do prices of production being sold
don’t go to mcdonald’s?
Lmao shoooot even the Wednesday 49¢ hamburger 59¢ cheeseburger days were amazing. That was probably about 15-18 years ago.
I was talking to my dad yesterday, and he said in the 90’s, you get get hamburgers for $0.12 on Tuesdays at McDonald’s. Like bro, what???
I truly believe that billionaires are disconnected from reality
This isn’t disconnect, it’s malicious intent. When small businesses fail, it allows big business to take over the area for less risk, or the same risk that just effects them less, which drives business and profit up for them. There’s no way mark cuban doesn’t know this.
How is this disconnected from reality? It's true.
@@r4ngerr4ge32 we have minimum wage in germany, and small businesses are doing just fine.
Idk about Mark tho
@@umbranocturna6342 we have a minimum wage as well, but it is meant for teenagers and entry level workers. $15/hour would be a huge jump from our current minimum wage which would too quickly hurt small businesses because they would have to increase their prices too much above big business competition. This would essentially result in a widespread increase of prices that actually hurts the working class and the impoverished.
It would especially impact our food prices as our restaurants and grocery industries operate on extremely tight margins hoping to move inventory as quickly as possible. (It’s why Americans are fat and happy tbh)
Usually what ends up happening when you increase the minimum wage (at least in the US) is you have layoffs and minimum wage workers have their hours cut. I’m not arguing against a minimum wage, just large jumps in minimum wage. It obviously will need to increase with inflation. (Especially in Biden’s economy.)
$16.30 minimum wage in San Diego, average rent 2300 for a studio 2800 for a one bedroom.
With 15/h, small business will leave out excessive staff and only hire the bare minimum so the people working will just have to do alot more work and we will see alot more people unable to find a job
Imagine being a billionaire and not knowing how inflation works
Lol don't think he doesn't know how inflation works. He's playing the game
Imagine knowing everything about the economy and still broke
@@dumbassdude8372 🤣🤣
Imagine being a RUclips commenter thinking you know more than a billionaire
@@evancook1770higher minimum wage means higher cost of living.
Once you make more, stores raise their prices of food and clothing and literally everything else. Then insurance companies raise their prices, gas prices raise, and everything that cost money goes up in price.
History. Read about it sometime.
15 an hour is what I wish I was making when I was 16
How long ago?
bro I’m 20 making $11 an hour 💔
True but anything above that for a Taco Bell worker is asinine….at $15/hour 40 hours a week that’s $600 before taxes hell that’s $200 less than your average teacher makes…and they go to school for 4 years to get their degree lol
@@WideHarryCock I think that problem is teachers need to be paid way more than they do lol. Really I think we all need to be paid more not base on entitlement, but based on how insane inflation has been over the last 20 years.
@@WideHarryCock that’s whole other convo. Two things can happen simultaneously
The equivalent of minimum wage from the 1950's to now with inflation is a $30 an hour minimum wage.
Problem with 15 dollar minimum wage is that it would just cause inflation cause every company will either raise their prices(out of greed) or fire employees. Therefore making everything more expensive again
"You pay for it. Not me. I don't pay taxes 😉"
You caught that too? Lol
Doesn’t the 1% pay more taxes than anyone else lol
He don't pay taxes because he has to pay employees and business expenses which often leads to loss on his end. The government provides tax loop holes to those who create and maintain buisnesses. You want someone like this to have these or else we the little people lose jobs. Get it?
Exactly
@@chrisradtke3645 motherfucker we bailed them during the Covid pandemic. If they can’t pay there employees then maybe they should get out of business then. Survival of the fittest is the rule of capitalism, if they can’t survive then they should go bankrupt. Let a bigger and better thing replace him.
Ain’t no way a billionaire just said that with a straight face
He can because he isn't as affected by it like mom and pop shops.
actually most companies admit they won’t lose much money if they raise the minimum wage. They just don’t do it because they don’t need to.
@@mrman2062 This
He remembers the talking points from the election. That’s all. He doesn’t know what 15 dollars even is. He just wanted to sound relatable. What people really need is a living wage for working a minimum amount of hours.
Of course a billionaire says that
A billionaire will have a much easier time paying higher wages
Bigger companies want minimum wage because it hurts their less successful competition
Minimum wage is not a realistic expectation when some people on work for tips, and others work under the table.
If prices go up. Wages should go up. The company isn't losing money by raising prices. But they are making more money paying the same low wages
Hilarious hearing Mark Cuban talk about everyone playing by the same rules 😂😂😂
Why’s that?
He knows it kills his competition. Small business who cant offer as much up front but can offer growth potential.
He could easily be paying all his labor as much as he wants. But that isn't the point. He doesnt want labor to help his competitors who are attempting to enter the market.
He's a real life South Park character
South*
@@realistic4k465 Fuckboi.
Just curious how?
@@quis4023 yea I don't get this comment either
He’s literally the one “shark” that has some sense of humanity. He’s also funny and successful as hell. I’m not even a mark cuban fan but I can give credit where it’s due
The minimum wage isn't the issue, it's the cost of goods. When the minimum wage goes up, companies just raise prices on goods cause people like Mark here hear they're gonna raise minimum wage like $5, they raise the prices by 200%
"well then prices will go up!" Minimum wage has not increased, yet prices still go up. Companies said supply chain issues made them raise prices during the pandemic, yet they post record profits and havent reduced prices. The free market won't help the worker, they need to be forced to do that
If $20 aud ain't enough then $15 usd ain't enough
We get 25nzd and it’s going up to 26 in a couple of months
$20 minimum wage??? Do you know how much prices would go up if that were the case
@@mclovin12 $20 aud = Australian dollars < $20 usd
$23.25/hr here. Wife is Salary at around 70,000/yr and we live comfortably.
What?
In australia, currently, it's $21.38. Yet still not enough to live on here
And the government raise is minimum wage everybody raises everything, so there’s no raise happening
It’s stupid
That is equivalent to 15 us dollars
@@carolebaskin138 actually 14.30 so they would be raising the minimum wage
Australian dollar is 14.35 when converted to US dollars. It may seem big, but it isn't.
Makes sense that what it should be in the states and it should be $30 in 🇦🇺 mate
The answer is companies need to voluntarily drop their prices. Cost of living will go down. Fixes it
In a monopoly, a minimum wage means nothing.
We need fluctuating wages, not stagnant wages. And they need to be directly proportional to the inflation rate, the productivity rate and record high profits. We need to close the wage gap to breathe life back into the middle class again
You do not understand how inflation works
Wages are sticky, you cant do it like that. 💀💀💀
closer wage gap doesn't mean you are better off. This is just simple politics and manipulation to blame the problems on a single thing
Closing the wage gap and the middle class having more money are not the same thing
So you’re talking about a 401k right? Why not get a job that offers a 401k? Practically every single job in the middle class and higher offers a 401k. People need to realize they can’t always have a nice job in what they’re passionate in and make a lot of money at the same time.
As yes. $15 an hour in NY is exactly the same as $15 an hour in the middle of no where Kansas.
😐 I’m reading this as I make $15 an hour in the middle of no where Kansas😂
No, it isn't. But 15 dollars is a fuck ton better than the current 7.25 minimum wage.
That's literally double
@@kadddddshad1424 I hate to be that guy but your math seems to be off a bit 7.50 doubled is 15
@@kadddddshad1424 which means every Mom and Pop shop from Anchorage to Miami just raised their labor expenses by 40-100%…
Lol, it's 15 bucks an hour here in Cali and I make 20/hr as a mover and I'm still struggling to pay my bills.
Because raising the wage does nothing. What does something is market caps. The capitialist free market is a lie made by capitalist corperations who want more money
If wages raise so do costs, if you step in and stop them from increasing costs thats when wage increase matters
Well Cali is one of the highest cost of living in america
Because we are paying for the 60% of the people that don’t have to work to pay for anything. We pay the homeless to be homeless. It’s a democrats wet dream.
@@BossxCodxPlayer I’m getting paid 14.50 doing electrical in Tennessee and struggling to pay my bills, I work hard in dangerous conditions and still can’t make ends meet no wonder people sell drugs I hope everyone steals from these penny pinching companies
Because $20/hour gets you the same as $13/hour few years ago
Thanks inflation! 😃
The problem is business, rental property peeps, etcetera, raising prices as soon as they hear of any new pay raises or help from the government.
He's talking about corporations What about mom and pop shops? Those shops have to exist and truthfully I hope they exist cuz I rather purchase from them.
Imagine if $15 dollars was actually enough to live on.
It's in Germany
It absolutely is. Unsubscribe from Netflix and Apple Music/Spotify, stop buying coffees at Starbucks/Dunkin every single day, stop ordering Uber eats altogether, stop paying for the premium unlimited cell phone plan, get a car you can actually afford instead of paying hundreds of dollars a month for a lease/newer model, suck it up and realize that not everyone can afford to live in the city and fucking move to an area further away from downtown, stop going out every weekend and wasting hundreds a month on alcohol and eating out, actually sit down and budget your income and expenses, go grocery shopping and actually cook instead of letting all of your food go bad and throwing it out, get the e 10/month gym membership instead of the $50/month one that has all the perks you don’t even use since you probably go once or twice a month.
If you can’t figure out how to live off $2400 a month you are an embarrassment of a human being and don’t deserve more money to squander than you already have.
@@slashslash92that’s cool we’re talking about America here my guy
@@cebzRL says who? Americans rlly be thinking they the main country. American exceptionalism.
@@cebzRL No were not
I admire those rich business owners who knew millions of dollars was too much for their personal use so they increase the wages their employees get. In return, they get long term loyal employees. I am in one of those kinds of businesses. I make roughly $90,000 a year and my boss always encourages me to take paid time off from work. Been working for them for 6 years.
Mark Cuban is a liar. He knows all business owners arent playing by the same rules. Walmart buys their goods from slave labor. McDonald's by their good from a distribution no one is allowed to buy from. Hes a real pos devil liar.
Where… where is this… who do you work for?
This job is in fantasy land?
I know someone who cuts grass for himself and makes 150,000 a year and only works 35 hours a week, 4 days a week.
Independent contracting is where it's at, or some type of self employment. And you get nice tax write-offs on top of it.
Take me wiithh youuu😢
Less taxes. Thanks for attending my Ted talk.
15 dollars an hour is great but what happens when literally every supplier raises their prices to account for it? The same problem we had before…
Apparently, inflation doesn’t exist when you’re as rich as Mark Cuban.
Inflation is created by the government.
It kind of doesn't if your wealth is in assets
This is really old. This might be 10 years old.
You know inflation happens no matter what right? We just had three years of double digit inflation and no raise in wages. Even six figure jobs don’t mean dick. Maybe if the fed didn’t exist and print Monopoly money we would be fine.
@@TheBajaminthat’s like saying murder exists so let’s commit genocide. Inflation is generally at 1-3% it still exists but you don’t want to bring it up to 15%.
Everything goes up besides our paychecks…it’s a messed up system…very sad people who actually need government assistance can’t even get it):
Everything has already been going up and the federal minimum wage has stayed the same since 2009
our paychecks go up the same time everything else goes up in price so the illusion of “oh i’m making more money!” is in effect. But in reality they’re keeping us in the same loop
15 bucks help. There are companies paying $7.00 an hour
Bout $20 would do for the next 2 years until things inflate more
I can't believe I'm even hearing this.... and especially from him
He’s just trying to stay relevant
hes a big time liberal
Wait until you hear that 15$ min wage was logical 4 or 5 years ago, and now it should be 19+. Cause inflation. 15 would have just barley cut it 5 years ago, today it doesnt. His point stands though, that wage is coming from the rich greedy companies, the social services come from everyones taxes. Pick one.
@@skie6282 a higher number doesn’t mean shit. we need policy to decrease inflation so that $5 in 2 years = $15 today
@@DirtyOne614 He's always gonna be relevant, this is a dumbass comment.
The minimum wage in NYC has already been $15 for years now and it hasn't solved shit.
Because ITS FUCKING NEW YORK
New york cost of living is one of the highest in the world. He's talking about federal minimum wage, 15$ is actually decent in mid sized cities in central US.
I agree with you, because the gov't should Minimum wage to $21 dollars an hour , because everything is getting fuck expensive like eggs,and hispanic/black can't afford to pay $5,0000 of rent.Mark Cuban is fuck scary,and this is bs,plus I work hard for my hard, and this why people open their own businesse,so that they can be a boss.This why the rich are staying, rich and the poor are still broke.
@Arkady no no, it's just New York
Problem with increasing minimum wage is you also increase the price of everything else overtime it's called inflation in economics
Love how he said you. Not us.
Rich people know how to get the tax breaks needed to where they don’t pay for shit lel
Should vary based on the cost of living in your location. $15/hr in Jackson, MS is not the same as $15/hr in NYC
Yea but it's still 7mw5 in NYC if they chose to pay that cuz it's federal
If you so choose to work/live in a state where it is much more expensive. That's your choice.
@@alvinlee990 if I born in said state and raised there how exactly do you propose I move on minimum wage mommy and daddy can’t bail you out on this one. First you would have to travel back and forth state to state to look for a house in a sellers market might I add. Then somehow conjure up enough money to get you and your things across state lines on 15/hr. Not to mention you’ve had to spend like 100k for a down payment for a house where does that money come from. As if it’s a choice.
than move to Jackson
@@eliteyube6015 generally when you move to a completely new state you'd just rent somwhere?
People don’t understand it doesn’t matter how much you raise the minimum wage bc corporations are going to raise their prices to cover the loses. Not to mention that everything across the board will rise in price due to inflation and you’ll still be getting paid the same. Bc companies will never give their employees a raise to cover the increase of inflation
If a corporation or any business can only survive by paying poverty wages then they have no right existing.
Here in Reno, NV, 2 to 3 years ago, $15hr was good, but now everything increases (gas, food, rent)
There's essentially an exchange rate in this country from state to state. Housing is less in NC but so are wages but food costs the same for everyone.
Because your government can't behave and handle itself with russia and china.
this is exactly why raising minimum wage doesnt do anything
@@kdizzle3890 are you dumb. It's better than nothing
Guys at work make $40-50 an hour and struggle in reno now shits so messed up
*Inflation has entered the chat*
Instead of minimum wage, the gov should offer unlimited post of fixed livable wage that hires every citizen regardless of their age, experience, disabilities and past crimes. Have them clean the road, pavement or whatever.
This will prevent companies sacking off the elderly, disabled just because the min wage is too high for their liking.
When you realize that nothing has changed because the price of everything has gone up to compensate for the higher wages
Not even $25 an hour feels right anymore 😢
Ikr i make 26 n hour and it’s still barley covering expenses.
I wish I made 20$ hr. I only make 12 and the struggle is real
And in other countries they earn 100$ per month.
@@bonnieparkertheoutlaw7353 that's tough. The trades are always looking for people and pay well. Benefits and retirement.
@Jordan Dillard then you're doing something wrong
I make 18/hr and I’m still broke af
I make 7 and live in a house with a pool, have multiple rental properties, own 2 cars. But guess what? I don’t eat out all the time, drive everywhere all the time, nver buy anything from a vending machine, plan all my purchases etc.
@@Commentator541 you must live in an area not that expensive or have immaculate credit.
@@Commentator541 how is this possible
I make 29 and I’m broke now because of Biden voters
@@Commentator541 mofo ain’t no way you making 7 bucks a hour and having all of that. Even if you aren’t eating out groceries are sky high, gas is sky high, bill and taxes always seem to be going up. What the Fuck you stealing your neighbors shit or something? You pool a kiddy pool your cars falling apart. Cause you’re not making 7 a hour of you have “multiple” rental properties cause already you ain’t a hourly worker unless you openly are committing fraud.
big corporations love higher minimum wages, it puts small companies out of business.
The market should decide wages, not bureaucrats.
It’s still like 7.50 here in Indiana. Thankfully, you would have to look very hard to find that low of pay in my area but still
That's the way it should be. Super low minimum wage or non existing minimum wage but wages are actually quite high
When I was 14 I worked for a few months for minium wage ($7.25 in Utah) just because they were the only place I saw that I could work as a 14 year old. The work conditions and pay sucked
Still technically 7.25 everywhere. But now here in iowa all traditional minimum wage jobs are seeing 15$ an hour such as merchandiser at target or even as higher as 17$ for fast food worker.
Of course a lot of the companies are working a lot of people just enough hours to not pay for health insurance..
The “amount” you get paid has no significance. Your hourly rate is purely nominal. Here’s an exaggerated example: if you get paid $100 per hour but gas is $200 per gallon, why would your hourly wage matter? The dollar is only a representation of what if can buy you. Focus on inflation, not hourly wage. Guess why EVERYTHING shot up a few months after stimulus checks were handed out? This is no accident.
How much is your rent and or mortgage? Everything ends up bein GB proportionate, you make more money, so do the grocery store employees, so do the fruit laborers, cost goes up. your $15 dollars start to lose val
"I say that cause I'm rich and I'll still be rich when your money isn't worth anything"
Exactly
I like your thinking of believing rich people that don't want a minimum wage and sucking it all up.
but denouncing someone with an opposing view and then your excuse is "he is rich he will be ahead that is why he is saying that".
the reality is that minimum wage works and you have a lot of examples of that in Europe.
while you also have a lot of examples of how having a low minimum wage plus relying on the rich propaganda like in the US makes for a terrible country an example the US.
Bingo
Minimum wage doesnt increase inflation:)
@@daoudkamal7768 you do realize that gas can go upwards of 10$ a gallon. Most people can't afford to drive cars foe this reason and end up relying on transportation. High minimum wage equals higher costs for goods and services
Minimum wage should be 15% of whatever the highest paid person is at a company after stocks and royalties.
In this financial market the minimum wage should be around 28 an hour
The most important part is actually fixing inflation and not having everything three times as much
You can't. America is in big dept, if they don't print money they will not survive
The government actually loves to print currency, so inflation isn’t going away anytime soon unfortunately
@@saxiroth6647 Well we're so deep in the hole now that if they ever stop the economy immediately dies.
Inflation is a fact of life with fiat currency
@@Snes64 If you thing crypto or gold are any better they are even worse
I'm making 19 and can't even afford a 1 bedroom apt.
Are you perhaps in New York, LA or San Fran?
Either you have an unreasonable standard of living, or you are living in a terrible city. It has never been normal to live on your own at such a young age. You haven't lived long enough to build up any wealth yet.
Why do you need a 1 bedroom apartment?
Stay with roommates
I stayed with roommates even when I was making like fucking $250k
How old are you?
I make $32/hr and couldnt imagine how people can afford to buy new cars lol
Bro I was making 22.75/hr and barely had enough to try for an apartment
Nah it's okay. I'll just stop paying taxes. Fuck it.
I stopped paying since last year. Fuck these billionaires. A time when the simple people can't afford food and a home? Nah... Screw them. Billionaires and trillionaires need to stop the insanity.
Good luck with IRS.
Government just needs to stop creating inflation
He wants higher minimum wage because that eliminates the small businesses competing with his companies.
Only someon from the US can belief this bullshit 😂
So small businesses pays less?
@@Broguerwashere yes
Get the suicide Booth
@@Broguerwashere a lot of small business can't afford to pay 2-5 employees $15 an hour
Where you live matters more than how much you are paid. You can do just fine with 15 in many states, but in some states like California or New York or idk some other place, you'll definitely struggle on 15 an hour
You get it brother
Very true. I bought my first house/mortgage 12 years ago in Michigan at 15 bucks an hour wage. Michigan is low cost of living.
@@danieljackson8265 12 years ago houses were more reasonable. In my area they are double if not triple the price now.
Good luck with that kind of pay in New York, Philadelphia, n places like that. You better have a room mate.
In Tennessee I make $13 an hour and survive just fine. I wouldn't be against more money of course but my step dad supported a family of 5 on $11 an hour for years.
The problem is Mr. Genius, people are making 15-20/hr and STILL getting government assistance! Minimum wage was NEVER supposed to be a livable wage.
$15 ain't gonna do shit when cost of living is raising 400%+ more faster than wages since 1960s
The problem is the fight for 15/hr has been going on for 15 years and 15/hr isn’t enough anymore. I’m grateful to make enough
It's not about minimum wage. If minimum wage goes up so will the cost of living. This is just a way for politicians to get votes by "fixing" problems that don't exist. The problem is not the minimum wage. The problem is that there are people who need to support a family on minimum wage.
@@Ivan220996 you contradict yourself with this point, while yes it’s pandering for some politicians you must realize that american education is shit and opportunity to seek further education is not an easy path under our system. It’s why families and grown adults who struggle to find a growth path have to live on minimum wage, it’s not just the people.
@Lando I never said it was the people's fault. Even though partially it is, there are always ways. For example, I make way more than minimum wage, and I don't have the education for the field I'm in. But regardless, instead of raising the minimum wage, which will not help anyone, they should give people access to learn skills that will let them get higher paying jobs. Raising minimum wage is a solution to a problem that doesn't exist. What's a couple of dollars an hour gonna do when the cost of living will also go up? It's just a way for politicians to trick poor people into voting for them. I'm not even gonna talk about the fact that it just decreases the purchasing power of everyone else, making people more poor overall. When the minimum wage goes up, very few employees will actually give you a raise accordingly, thus making those who earned above minimum wage technically earn less .
@@Ivan220996 you're right. Min wage is almost 16$ where i live. But we pay 2x the amount for the exact same things you guys sell in the us.
For an easy example ( a pack of cigarettes in Canada is 20$) i know cigarettes arent essential lol just giving an idea. Its almost impossible to buy a home these days. And or à vehicle. Food is extremely expensive Etc literally everything is taxed out the ass 16$ an hr does absolutely nothing when all the taxes increse,and the price of living goes up with it. Ur back to square one.
15 years ago is when minimum wage hit $7.25. Accounting for inflation, that $7.25 would be $10.33.
Mark Cuban is the only guy that would say he thinks we should have a higher minimum wage so that it would look better
I'm sure he understands the struggle.
15 an hour is more than what a manual labour earns in two days of work in Indian Cities. Daym
$15 covers gas and lunch
Cool, thanks bud
For one hour of time, so your next hour will be another $15 😂 don‘t act like $15 an hour isn‘t a liveable wage
@@lewishendo9328 it isn’t bro. If you’re taking the bus and don’t have bills and rent to pay then yea it’s possible. But when you have all these expenses to pay it’s not.
I live in a very low COL area and 15 is definitely livable, but I wasn’t able to pay for much more than a gym membership, eating out more than one meal a week and a road-trip to a town 3 hours away where most of my friends lived. It wasn’t fun but it was doable. The kicker is I wasn’t able to save much. I could save but it took me two years of strict saving at $9.27/hr, to $14/hr to $16/hr (3 different jobs) build what should’ve been an emergency fund, and within 3 months of getting sick and getting let go from the last job because I didn’t qualify for FMLA job protection (only worked there for 5 months) I had mostly run out of my savings because of doctors appointments, medicines, and the basic necessities. It’s a livable wage but if there is any lapse in work, for any reason, it’s a hard living without much leisure, which can take a toll.