For all those working at Walmart or minimum wage jobs... you can learn a trade such as plumbing or become an electrician and make way more then minimum wage. Its such a high demand trade u will make at least 12-17 per hour during your slow time. No one has chains wrapped around your ankles to work at those minimum wage jobs.
Put it like this, if you lack the intelligence to realize the benefit of going to trade school or college than you probably lack the intelligence to do those kinds of jobs. Fact is not only are a certain percentage of people needed on the bottom peg for our society to function some people simply won't even be able to achieve anything greater. That said I would feel significantly happier with society if I knew that those people were being payed enough to not live in poverty. Because I can afford to pay a little extra I don't mind.
Kay Realist I think they do have chains wrapped around their ankles, and they put em there! It takes ambition to get out of the minimum wage merry go round. Most of them don't have it and don't want it. They would have nothing to complain about then.
well like immigrant children that were brought here when they were like 2 don't have papers usually because their parents don't have papers either and their parents work 2-3 minimum wage jobs or maybe other things that pay better but aren't entirely legal, i've heard that getting papers to be legal cost a lot that many people can't afford i'm not exactly the most educated on the topic so im just going off on what i've heard and/or seen or read. Im currently trying to learn better spanish so i can translate for people who don't know english so they're not tricked into signing contracts that they can't read (happened to my mom once when i was small) usually the people who hand contracts know they can't read the contract & say that the contract benefits them so then the signs it and once its signed it usually takes a while to get out if you're clueless about anything that's going on Correct me if i'm wrong please, i hate looking like an idiot
There are many stories of how people adjust when they immigrate. As for me, I came to the united states when i was 4 years old after waiting 8 years to get approved for green card. My parents paid for all documentation prior to immigrating. Saved a little less then $1000 cash in hand and left their country for a chance at the american dream. Once we arrived my parents worked minimum wage jobs and lived in a very cheap apartment for well over 15-20 years. We struggled but our family never stopped trying. The sad part is although my parents were never divorced but I grew up feeling like I rarely got to spend time with my parents. They left for work at 7am and usually came home around 7-8pm. As for me, they were the most strict passive parents and disciplined me aggressively but lovingly. How did I turn out? I am now in my mid 30's and in the top 96% wealthy in my age group. I am thankful although it was difficult.
I will throw in my two cents, because I hear the phrase "learn a trade!" get thrown around a lot, with little considerations for the necessary lifestyle of tradework (in America). Electricians, duct workers, sprinkler fitters, boiler makers, steam fitters, pipe fitters, (some) plumbers (some) carpenters, iron workers, welders, etc., many of these trades need to travel the country to find regular, reasonably paying work. Yes, you have your local Bob the Plumber who you can call to unclog your sink, but those kinds of jobs often reach an early saturation point (a town can only support so many plumbers that service only the citizens of that town). Most of these trades have to chase major construction/shutdown/retrofitting jobs around the country to not only get better money, but also regular money. If you were to wake up tomorrow and decide 'I want to be a welder' (assuming that you aren't just for the purposes of the conversation), then you could attend the relevant school, achieve an apprenticeship, and be out and welding within 3 years time. If you wanted to be someone who comes home every night to the family, then count on not working a whole lot. Jobs that you will be able to contract your skilled trade to are not constant in a given area. Sure, some areas are more productive than others, i.e. rapidly expanding cities, but that is the best case scenario, and those good times do not last forever. Skilled trades can be very reward careers, in many aspects, but they are often difficult to raise families with and also discouraging towards establishing any kind of roots anywhere. Source: someone who grew up in a steamfitter family. TL;DR: wanna see the USA, then piss off your BA!
I have 30 employees. Some years their health insurance cost more then their wages since I pay all their insurance on their wife and kids even when they are layed off for the winter. I would have to take away their insurance to pay the $15 per hour.
This poses a good point that while a $15/h min wage might now work with our current system, in tandem with other policies like M4A, it could benefit businesses by having to spend less on labor overall, and benefit workers by making more, while not having to worry about health insurance. Also, without a risk of losing health insurance, people would probably be more likely to start their own business since they won't have to worry about not being able to afford being in the hospital
Eric E Stahl that's a microeconomics viewpoint. If you were the only one who was forced to pay them more, you'd simply fail to meet the demand. But we're talking about everyone being forced to pay their workers more. Prices will rise, and the workers who now have more money will be able to pay those prices. It's a complicated system that has a simple result: money flows away from the rich and to the poor. Of course, the microeconomics problem exists on the fringes of the macro system. Each minimum wage increase targets a specific demographic. Economies overlap, however, and people in that demographic interact with people of other demographics whose minimum wage did not increase. Thus it's not a completely smooth transition. But the thing you said will happen is not a thing that will necessarily happen. It might happen, but not as a result of the minimum wage increase, but rather due to a system designed to protect the rich at the expense of the poor, in ways such as preventing legislation designed to help them from functioning in that capacity. For example there may be price-fixing systems in place to protect business interests, or laws allowing workers to have their health insurance taken away. Sure, due to a broken system, such legislation might help the people a lot less than it was designed to help them. That's not a failure of the legislation, and you're pretending that it is. Thus, you are part of the problem.
Minimum wage jobs are for high school and college students to make a quick buck, not for making an entire living for you, your 20 kids and your unemployed wife.
This is by far the dumbest and annoying response to this argument I ever hear. Ok so, The minimum wage is short for a term. Do you know what that term is? That's your homework kiddo 😉
Brandon Everhardt the minimum wage should be in place to help out young, naive children. go look up a few videos on the subject, eh? thats your homework. you are not entitled to making a better life than those who chose to put time and effort into earning a good job.
No one working for minimum wage should have a family to support. Each job should give skills to break past the minimum wage starting point and earn you points for a higher paycheck at the next job. Why should fat cat have to pay more than the knowledge needed for the mundane job. Our job in life is to keep learning and pushing others to keep challenging their mind and body. Oh, this is probably stated a billion times in the comment section...
Stated a billion times, refuted a billion more. We don't live in a meritocracy. Each job SHOULD move you toward a higher paying job but it doesn't. End of argument. Will wait for refutation but not holding my breath.
The best solution would be a minimum wage that varies based on industry, region, and sector. Additionally, schools need to place a higher emphasis on economics and finances so that kids know what they are getting into, and can potentially negotiate a higher wage.
Minimum wage needs to go in today’s society. It hurts everyone except the corporation and it’s executives. Yes it helps poor folks for a short term window until the economy has adjusted to accommodate such rules. (Capitalism) The mindset and personal understanding of these people is not increased though which often helps them believe they now have more than before and create bad spending habits that lead to no long term change. The company will in return adjust operating hours, lay-off work force, incorporate more technology, and increase prices. The middle class people will be hit the hardest overall in the fact that their salaries/wages will be the last to increase. Their expenses will rise and wages remain stagnant. This forces less savings and use of savings. The future value of the dollar tells us they will always be worth more in the future… so by forcing use of these and less savings you aren’t just increasing the price but you are costing them thousands and thousands of potential future dollars! Once their wages have been raised, they will be playing catch up from these (negative) time periods. We are effectively working everyone to $0 in the long… we see all the big corps increasing in value while middle class and poor Americans continue to fall behind.. yet this is exactly what we voted for. Quite amazing how many people think that changing one variable input will not equate to variable change throughout the equation. By increasing today’s PV of a $ and consumerism culture. We will eventually all be broke fools working for the same wage world wide. All because we thought changing the value of X would lead no change in Y!
two things aren't accounted for: and that's globalisation and self-sufficiency. 1. minimum wage in america doesn't mean m.wage globally, ERGO jobs go to china, nike cost 60c/hr. and that DEMAND of cheap shoes ENSLAVES other nations to work for cheap. not only do we lose our jobs to the cheaper work, but we are technically enslaving other nations, which has a moral arguement. 2. self-sufficiency: if a job is not paying you enough, you need to be able to say "i won't work" - aside from this naturally raising wages ( ie: if no one does it. again slaves come into play here) - but this also encourages people to be socially and economically responsible: no debts, save the house, good network of family and friends. and to skill up. I would argue that the only effect of minimum wage is increase cost of locally produced goods, leading to cheaper off-shore; loss of jobs; and poor productive output. if someone could get by working at macdonalds till they are 40, why don't they? - ideally, those jobs should be left to young kids and etc, BECAUSE they are unskilled and don't require much. whereas minimum wage reduces pressure for people to learn,skill up, and find more and greater things to do. I see 40-50-60yo people working at the grocerystore and I can't imagine how miserable their lives must be, but it is enough to "survive" and thus they take it while the kids can't. minimum wage is simply just "giving a man more fish" instead of teaching him to fish.
@@honeybadgerstudios21 yes, the point is that if one pond only gives anchovies, to find another pond. There needs to be greater social mobility to find and obtain good ponds, and all the bad ponds should either dry up or get better fish, from being unused or having only inexperienced fishers. The onus is on the companies to improve, not for us to just accept more pay.
if someone is not making enough... how do propose they... stop working? Your position comes from privilege and libertarian talk show hosts. Self-sufficiency is not possible in a modern society without already starting at the top and, frankly, shouldn't be encouraged. Society advances the most when the most benefit, and the most will contribute when they can feel that benefit. I agree that the minimum wage is tricky, but raising it needs to be taken out of the hands of politicians. Tying minimum wage to inflation, with government subsidies to help businesses deal with that initial, largest bump in wage, is more helpful to everyone. Businesses need to be held accountable to using some of their profits to better their workers and account for inflation in their pay, that is the responsibility of the employer. The workers add value, they need to see increasing value, not diminishing value, in return. Otherwise, that business can expect to go out of business. It is definitely a global, moral, systemic issue, but leaving it alone is not the answer. If giving someone more fish is too morally unconscionable for you, then you better have a plan for teaching tens of millions of people to fish. i.e. accessible education and training, a path of forward mobility, a welfare state with a true safety net, and acknowledgement of the nature of disenfranchisement in capitalism. All of these things are ideas that the talk show hosts you're quoting hate, so what the fuck is your plan? The bootstraps thing? fuck outta here
Dude, fuck Walmart and minimum waged jobs. Go to a construction trade. This week I'm going to a job site for 70 hours for 6 weeks. Going to make about 10K.
TL;DR: One of the study he cites has major problems with its methodology, which makes his conclusion pretty much unsupported. Great video, but there is a major error in your argument. The most recent study about the Seattle minimum wage increase has major methodological flaws. It only accounts for the effects of the minimum wage increase on employers without multiple locations--that is, small businesses. It does not account for larger employers with multiple locations such as Walmart. This is important because small businesses are not as able to handle the increase and so they respond by replacing their inexperienced workers with fewer, more experienced workers. This leads to a reduction of hours and thus pay for low wage workers working for small businesses. The study only deals with the effect of the increase on these workers, so it finds a negative effect for the workers. The study did not cover the entire population of low wage workers in Seattle though, and so no conclusions can be drawn about the effects of the increase as a whole. However (and this has been hypothesized but not yet studied) some people think that as more experienced workers are hired by small employers, large employers have to hire less experienced workers--and because their productivity is lower, they will have to hire more of them. Thus many of those low wage workers that were laid off by the small businesses will be hired by the large ones. This would be consistent with most other minimum wage studies which find little or no impact on employment levels. This is a guess though, and more research is needed. Essentially, it is important to look in to the methodology of the studies you are citing, and to look at what other researchers have to say about them. Also, it is a good idea to study the research in aggregate rather than proving your points with isolated studies that may or may not reflect the larger picture. In this case, your failure to do so has led you to a completely unsupported conclusion. I agree with you though when you say that "more research is needed."
This is a good point I had not thought about, however would be hard to gauge with a study as this is just in Seattle, and places like Walmart still run in nearby outlying cities with a different wage, I'd assume.
I think that it should be increased for adults and not for teens. If you’re supporting a family, then you need more than $7.25/hr, but if you’re in high school and you don’t have to pay a bunch of bills, then you don’t need a raise.
Minimum wage jobs is suppose to be a job you do to start your career or support your training for a career not become your primary job that you do from the day you start to work till the day you retire. Having a minimum wage just sets a minimum price for things produced within a country, if all products were locally produced then fine but if you compete with countries that doesn't have minimum wage you very quickly find that your local companies cannot compete or they decide to move all those minimum wage jobs to other countries or automate their business (See self-checkout and soon we'll be served by robots in fast food). My solution to this is by giving employees a share in the company that they would be able to share in the profit that the company makes.
Suursteruim the only problem with that is that unions have opposed that for years to take a lower, but more predictable and stable wage. If the company doesn’t make much money in a month, the employees won’t either.
Question: If I make more than the minimum wage say $20 dollars an hour (not my real salary) and the minimum wage is raised to $15 an hour, does my earnings lose buying power? Am I worse off as more people approach my wages at other jobs? (not an argument against changing the minimum wage, I am curious on your viewpoint)
You will, they increased minimum payment here in turkey from 800 to 1404 monthly, this raised inflation from %4 to almost %16, everything got very expensive and economy is in bad shape. Youth unemployment rate is almost %35, and overal its %15.
Your earnings lose buying power when either the GDP goes up or the money inflates. The GDP goes up when productivity increases, and productivity increases when more people spend more time working. If the minimum wage increase is successful at bringing money into the hands of the poor, it will probably decrease their hours as some get laid off, some quit, and others simply work fewer hours. The whole system is really complicated so you really just have to look at graphs. But basically, no. The things which directly decrease the buying power of your earnings are: 1.) Your government printing more currency than is needed to replace that which is being de-circulated, and giving the surplus to individual parties such as banks. 2.) An economic boom resulting in jobs being created and people working more hours on average. But that's just measuring the money's overall value. Its value to you depends on what you're spending it on. A good example of where these models don't hold up is the fact that despite US currency inflating fairly smoothly over the last few decades, the cost of things have gone up by widely varying amounts. Rent has gone up more than double in just 20 years, while the cost of food has barely increased, for some examples.
Thought Monkey excuse me i know this is unrelated what if their was a state bank? to go further in what I'm saying is the abolition of commercial banks, people borrow around 2.5 trillion dollars from commercial banks every year for things like paying mortgages, buying a car, investment loans etc... what if all the money that goes into the banks were tax dollars 2.5 trillion dollars worth of tax dollars to state ran banks with an additional 500 billion dollars just in case their are more borrowers, the money supply/intrest rate for each bank would depend on the area they are in the state/ County will be in charge of this. also companies like Microsoft would have business cards that every worker will fill out including the ceo, these cards go to the bank to see how much money they earned the company will give the bank the money it needs to pay its workers destroy the old money and make new money which is then deposited to the workers a.k.a atms. so are money will be backed by old money, also to keep inflation going workers would also be given printed dollars the fed printed about 500 billion dollars last year so every worker in america would receive about 200 to 250 printed dollars a month so money can still flow in the economy the fed decides how much inflation their should be each month, what you think?
I'm interested in whether a Universal Basic Income might be a better alternative to a minimum wage as it doesn't directly press on small businesses (depending on how the taxes to fund it are allotted) and unlike working tax credits it isn't dependent on being in employment (thus that bargaining power that an employer has over a worker is reduced) and likewise it isn't dependent on unemployment (so it removes the poverty trap).
This is something I've thought about too. As another commented posted minimum wage is actually an aggressive policy by the government forced upon businesses. If a business doesn't comply, they can be fined or shut down. But if we give a universal income that takes care of minimum wage and basically our welfare system.
robtoe10 universal wage is just another name for welfare though. You are trying to say giving people free money makes people modivated to go out and get a job rather then sit on their ass and collect? Poor remain poor and middle class become poor because they will be the ones paying for this.
The solution is not to raise the minimum wage, it’s to change the mentality in our country. If everyone is motivated to create their own business and be entrepreneurs, it would be possible for them all to be successful.
Ehh...bit questionable on this argument, if you have minimum wage and increse it, not only it will cost the owner runing his or her business but also risk losing workers, simply for not affording to pay them. Personly, minimum wage to me isen't the best solution for capitalism and the free market, as it cost not only the owner but also the worker and customer. I'm sorry but I must disagree with your argument, having regulations for The Society in the free market, would not help people in the long run, especially if the government are the ones that inflate the economy, making things more expensive than it needs to be.
i'm confused..Don't business also compete for better workers, making the wage go up? like if there are 100 business hiring and there are 50 workers, the businesses would try to attract the skilled ones with higher wages.
Minimum wage jobs are transitional or entry jobs not careers. An idea that is never touched on i will throw out there, but it's just my thinking. Having low minimum wage creates more competition for skilled jobs. In turn this ensures that the best qualified worker is doing the job, which helps grow the economy. If you made 20$ pouring coffee/flipping burgers or 23$ doing a labour intensive skilled trade many better qualified workers may take the other job because it's much easier, and less qualified will become skilled workers which may actually stunt growth.
This might sound harsh but if you aren't getting paid enough get a better job. It's not the government's responsibility to make sure you get paid enough. It's yours.
I honestly don't see the logic behind a minimum wage. It just seems like a flimsy policy based off of normative statements. Saying "People should not have to live in poverty." isn't cogent point as poverty in America is much less pronounced. I also don't see the problem with paying someone 4 dollars an hour. Again, this is America. No one's forcing you to take that job. If anything, it leaves fewer opportunities for unskilled workers, as those 4 dollar an hour jobs no longer exist. Also It's a blatant violation of free trade. Everyone would see the issue if the government imposed a maximum wage, or a minimum price for all goods. Granted, the sort of do that with taxes and progressivism...
Hey i'm not extremely educated like most of the people on here but i'll give my 2 cents of what I think I know, please correct me if i'm wrong I hate looking stupid. So let's say someone immigrated to the US when they were about 2 years old, they don't have papers and can't get them because they lack the money. I don't know too much about jobs but i've heard you need papers to work in most. Someone I know had to stop working at Togo's because they started asking for papers and they didn't have any, now they work at a laundromat for less. They work at 2 laundromats actually because they don't get paid too much. How would a person like that try to get out of the minimum wage jobs they're in?
Why would you pay someone 15 dollars an hour for flipping hamburgers. Also big business want to increase minimum wage because they know that small business cant hire or afford that high of a wage. You wonder why that coffee shop down the street is so expensive compared to a franchise like starbucks or dunkin donuts. Its because of high wages and too many regulations
We need less gigantic corporations that have monopolies, free up regulations so that we have more entrepenuers, and in turn more choices as consumers, we need more small local businesses and farmers etc, large corporations like Walmart and macdonalds are destroying the environment and destroying people's health. I believe that if people have ability to do what they love you get excellent quality, as oppose to someone who works for bare minimum wage at a fast food business, they have no vested interest to ensure your safety or even to get your order right
Well, working less is not a bad thing in general, i know a lot of people that spend a lot of time at work doing nothing, having a higher minimum wage increases the need for efficiency a bit, which is a good thing
Biggest problem I have with minimum wage just has to do with the type of country I want to live in. I want to live in a free country with smaller communities of people who voluntarily decide how to exchange goods and services with more small and local businesses, not this giant impersonal corporate nation of red tape where the government has to constantly mandate what workers receive as giant firms consult with their accountants and lawyers. All this red tape makes our lives very impersonal, destroys our sense of community, reduces the amount of competition in the market, and traps those less fortunate into the lowest rungs of the economic ladder. Most of all it just makes the country lose all sense of diversity and flavor. It's rather depressing to drive through the nation and just see an endless repetition of McDonalds, Wal-Marts, and Starbucks, and I see that problem only getting worse with more and more regulations and mandates.
When have we tried zero minimum wage in a Laissez Faire Capitalist environment? If WacMondles paid you 2$/hr, I could start a company and pay you 3$/hr and differ the cost. Simple as that. I would fight for workers to be successful. Also, working for someone is consensual. No one is putting a gun to their heads. Keynesian economics is stupid because it mostly addresses the issue, not the cause.
You are wrong. Min. wage works in a monopsony but in other cases it does hurt the workers according to studies not acc. to an opinion. A min. wage is not a fix to the problem it is just one sign of deeper one. Also min. wage has nothing to do with NO gov, regulkation. The gov always regulates. Monopoly laws etc. it´s how and what exactly being regulated and min. wage is only one form or one kind of ways to do so. Not necessarily the best way.
The minimum wage is a myth. No matter what you raise the "minimum wage" to, the true minimum wage is zero. The answer to low wage workers needing to make more money is for them to gain skills that are worth more money. Either work hard and move up within the company you work for, or learn a skill that's worth more money than you currently make and switch to a more profitable career. Low wage jobs are meant to be a starting point, not a lifetime career.
I feel like minimum wages are to help people to get on their feet, not to be made as a career. Maybe I am wrong? But I can kinda see how alot of young people will not have jobs, because there won't be any, they'll alll be taken. But I also believe that once the wages are raised, the cost of living will raise also, balancing things out again. I don't know. Lol.
Increasing minimum wages to $15 per hour can work for small businesses, if the government will be willing to pay the difference that's needed to reach $15/per hour. (example: Bob makes $7.50 per hour but his employer can't afford to pay $15, the government can pay and extra $7.50 to Bob as long as he remains employed.) This will prevent Bob from losing his job and filing unemployment and help the small business.
@@rashadcarson6975 ok then , put your money where your mouth is and each payday for 1, and only one employee of your choice, pay him the difference between 7.50$ and 15$ per hour which would come to 7.50$×40hrs=300$ a week, for as long as he works. I DARE YOU.
If Johnny has a wife and two kids, why doesn't he try to get a higher paying job than McDonalds? I know there's a lot of factors in that, but I see soooooo many people who are perfectly capable of moving up, that just insist on working their minimum wage job.
75% of democrat arguments for minimum wage increase are flawed, and 100% of republican arguments against minimum wage increase are completely wrong. You do the math.
Low skill, low pay. Period. Picking strawberries only requires a will to do. The more training, the more skill, the more pay. Usually. You kit the nail on the head.
JN Woodard Sure, but there is also exploitation and undesirable work with no benefits. Skill is an aspect that is hard to measure, I don't think your average joe can pick strawberries for 8 hours as efficiently as some of the workers that have the experience. And these jobs are necessary.
The problem with cuddling the less fortunate is that they have the tendency to stay less fortunate when they are cuddled, adversity is what forces us to go forward without adversity humans will become weak ....
Here's what I think, we shouldn't have a minimum wage, we should just strengthen labor laws so labor unions can increase wages through collective bargaining more effectively. Living wages isn't the same in every state, $13 an hour is a living wage in New Jersey while $11 an hour is a living wage in Florida. So establishing a federal minimum wage won't work as living wages varies from state to state. What should be done to address this issue is to make unionizing a constitutional right as well as collective bargaining. The Scandinavian Countries don't have a minimum wage because they're very unionized.
the government should give me 100 trillion a year in benefits but tax me at 99% and all of their budget problems go away.... they could give the rest of you 4 grand a month and free education and housing, but due too the obamacare act you would still need insurance.
You had me until 5:15, yes the rich are getting richer but the poor are not getting poorer At worst most are staying the same but it appears most (I'm around) are getting richer but not as much or as fast as the rich! All I have to do is go talk to my high school mates that still work at McD's... now in their 30's and ask to see their phones or ask them what the latest video game or movie the watched. They are better now and with more than 5, 10 years ago. (Too bad they won't get training for better jobs but hey if they are happy why should I care)
The Minimum Wage is the bottom of the free market; the foundation. It would be like lifting someone from the feet. Yes, they are the feet are higher, but so is the rest is the rest of the body. This my friends, is what I call "Inflation".
"as the rich get richer, the poor get poorer" this is manifestly false. as long as they aren't getting richer through the intervention of the state, the rich can only get richer by providing things that other people want more than what they have to pay to get them. this simultaneously makes the people who buy them also richer, not in terms of dollars, but in terms of subjective wealth. the lowest paid Mexican immigrant worker earns a better living than he would earn in mexico, which is why he comes here. he is not being oppressed, but rather he is better off than he other wise wold be given the options available to himself.
So raising the minimum wage is to benefit people...who are working at McDonald's and Wal-Mart...and have a family and house to maintain? These are spoiled college kids you're defending. Not adults who have families to run.
Im just going to say that minimum wage is ridiculous as a majority of the unskilled jobs still pay more than it. The only ones that don't is food, and that is because local food establishments struggle to keep their doors open and owners out of debt because of minimum wage. This allows the giant corporations to grow richer as they can afford to pay the minimum wage and thus end up gaining more business because the customers that would go to a local place would now be going to a conglomerate instead. Just a thought
Ok, so you can work at Walmart for $7.25/hr. Then employers at Walmart will be able to hire more people! How about that. If it ain't broke, don't fix it!
I think the minimum wage should be continually increased with inflation, but raising it too high too fast like a certain dem socialist wants to do will cripple small businesses that can barely afford to pay their workers now
5:09 _"This country has an interesting history. As the rich get richer, the poor get poorer._" Citation needed. I think over our history as the rich get richer, the poor get richer.
Rich people love when you raise the minimum wage in America. Raising the wage of a minimum wage McDonald employee, only cost the customer money, the customer being almost all middle class. We love to make the stereotype of the rich guy with his hordes of servants but rich people don't employ from the low class much. All you do when you rise the minimum wage is squeeze the middle class more.(the middle class which doesn't have their government advocating for raising their wage)
Increases in the price of goods automatically results in the inflation of the product that comes from said goods, labor is no different, so the minimum wage will never be able to catch up with inflation since every time it tries it only accelerates said inflation, instead of targeting wages, how about stimulating the economy to reverse inflation, historically speaking nothing has pulled more people out of poverty than economic growth under the free market, anything else causes more harm than good
It has nothing to do with who picks food, or being an engineer or brain surgeon. It is supply and demand, you are paid exactly what your worth. If you are performing a job that a large amount of people can perform with minimum to no training you will not be paid much. If you are doing a job that requires a lot of training and skill to perform therefore there are few people that can do it you will be paid more.
Disagree. Worker income does not reflect value in a for-profit system. Employers will exploit the workforce as much as they can to increase their profit margins. Exactly why worker Unions were created. Supply and demand is a simple model that does not take into account Monopolies/Oligopolies, bargaining power, shareholders or just simple greed.
M Your logic is highly simplistic and sounds right if you do zero investigation into any of it. For starters, not only is it demonstrably absolutely 100% false, but it's actually really difficult to come up with a test which even seems to confirm it. The only way to think you have evidence supporting it is to not check. Nobody is paid anything close to what they are worth. Since the rest of your argument hinges upon that premise, you really have to re-examine the whole thing at that point. I could pick it apart even further, but it would just be demonstrating that the already ill-placed logic is overly simplistic even for situations in which it did fit. Of course all that is a big long-winded explanation of what's wrong with your logic. But I didn't need that. I can circumvent your entire argument by pointing out a simple thing you completely failed to address: what happens when there's a surplus of workers, and a shortage of work? Try to answer that question, and I guarantee you'll accomplish more in five minutes than the arguments of politicians you listen to have in five hundred years.
What about people making more then minimum wage and don't get raises. I'm a truck driver and in December when the idiot government in ny increased minimum wage it drove up inflation and I took a pay cut. Why should I take paycuts when I'm the one who went and got a very marketable skill??
I think a huge problem is that too many people conflate not living in luxury with poverty. There is a BIG difference between not being able to afford that second Tv and Iphone, and not being able to afford food.
There are two statements made in this cartoon which need to be clarified. First is "the government is supposed to..." = FALSE. The government is to protect the ppl as a whole and not meddle with the doings of business. The ppl themselves need to deal with the rotten business practices. The problem is that the government makes it illegal for the ppl to do this effectively forcing the ppl's hands to rely upon the government. Second prase: "no one should have to live in poverty". That is true but it's up to the ppl themselves to fix their situation and not anyone else especially government. If you don't like a hole you are in, crawl out. If ppl stay in the hole, educate them that the hole is bad.
2L name brand sodas are $1.50 to $1.79 here in grocery stores now. Just 2 or 3 years ago, they were easily found for .99 cent. The small bottles are also $1.79 🤦♀️ And... a gallon of milk has gone up to almost $4 where I live. Used to be $1.99 at most a couple years ago. The pandemic has only made things more expensive & harder to find as well. I can only imagine what these things will cost later this year.....
Sweden has a minimum wage of 0, no one pays that because there is a competitive environment and labor is still needed. the problem is not minimum wage, the problem is people expecting more than what value they provide. working at McDonolds here, is like working in agriculture in Cambodia, people are spending way more than the value they're offering. if you want to get out of poverty you have to offer more value to society.
So many people's comments don't reflect reality, as this video oversimplifies the working conditions today. To say that minimum wage jobs aren't intended to be careers, are meant to be starter jobs for teenagers or people working minimum wage jobs shouldn't have kids to support ignores the fact that over 50% of the US has a minimum wage job. There obviously aren't that many teenagers, high schoolers or people just getting work experience or making some extra money, so, whether they were meant to or not, millions of families ARE supporting children & families on min wages- most often working 2-3 just to be able to barely be above poverty. &, without question increased skills, training & ability can open doors for better, higher paying jobs & long-term careers. But where are they going to get this education from?? Anybody who's ever looked into these for-profit trade schools knows they cost at least $10k in tuition & fees & trade & tech colleges tuitions & have increased while the quality of the classes, instructors & programs has decreased. With the govt continually cutting education funding the trade & job training classes in public high schools are nearly non-existent in most districts. So, how does a person barely making enough to eat after paying bills manage to save enough for tuition, attend school while working 80 hrs/wk or support themselves & their family while they're in school instead of working?? The reality of today's economy is highly favorable to corporations exploiting its workers, thru anti-union, independent contractor "gig jobs", globalization & priortizing stock value instead of community & customers. People aren't lazy or demanding more than deserve, they want to be sufficiently compensated for their hard work that they can survive on their wages. When corporations are making $5 trillion/yr in profit but refuse to give workers making $7/hr a $0.50/hr wage increase that would only cost them $150 million/yr more, EVEN as their executives give themselves $300 million yearly bonuses on top of their multi-million dollar salaries, that tells just you how f'ed up it is. Greed is good & workers need to do more to get WAY less. If the economic strategy doesn't evolve to meet the current challenges then what else is there but to raise minimum wages - or watch the poverty, homelessness, crime, inequality & financial stability collapse the country & destabilize the world??
median pay goes down while salaries of richest people triple in few years, enough said. I hate people saying that we should just sit there and let the monopolists intimidate us with automation. and for those idiots who say "why not $100 minimum wage" - you can't pay people more than they produce, idiot, but I'm sure that McDonald's workers produce enough to not live in poverty and paying 10 cents more for a burger wouldn't kill you.
Is it really the governments job to protect the poor from the rich? That point in itself is highly debatable. In my opinion tax dollars should be mosty for infrastructure and military.
Jonny who works full time at McDonalds and has a wife and two kids to take care of fucked up large. If you work at McDonalds you don't get married and have kids yet.
Here is my 2 cents. If you are working full time at minimum wage. Your wage should at minimum be able to have you live above the poverty line with consideration for 1 child but no spouse. This would ensure single parents have some protection. However I don't think we should expect minimum wage to cover a family with 2 kids and only one working adult. Because that is just unreasonable. If you feel the best you can do is minimum wage than you should not be having multiple children.
I don't think raising MW works on a national scale. But is effective at a city government level. If Atlanta wanted to raise minimum wage and create a labor market that would attract skilled workers at entry levels, that wouldn't affect a nearby agricultural community who needs cheaper unskilled labor to minimize the impact on food costs. City emphasis would take into account the better aspects of Capitalism while avoided some of the more toxic elements of an unrestricted freemarket.
I thought I'd never see the day where someone made a thought provoking video with reasonable evidence, arguments from both sides, and a whole heartedly non bias approach to their claim. I am stunned at your mere existence, you truly give me hope my dude. Keep it at!!!
I've watched several videos about Seattle's minimum wage, I really can't decide if it's good or bad. An artificially high minimum wage might attract employees from higher earning households and displace the people they are trying to help.
No minimum wage, if your going to exploit yourself it's your own fault. I also don't feel bad about the straw berrys and the shoes. the people who make them are part of poor countries. If they're government backs off they'll see a boom in wealth like south Korea. If we try to stop that they'll just end up starving working in some field.
For all those working at Walmart or minimum wage jobs... you can learn a trade such as plumbing or become an electrician and make way more then minimum wage. Its such a high demand trade u will make at least 12-17 per hour during your slow time. No one has chains wrapped around your ankles to work at those minimum wage jobs.
Put it like this, if you lack the intelligence to realize the benefit of going to trade school or college than you probably lack the intelligence to do those kinds of jobs.
Fact is not only are a certain percentage of people needed on the bottom peg for our society to function some people simply won't even be able to achieve anything greater.
That said I would feel significantly happier with society if I knew that those people were being payed enough to not live in poverty. Because I can afford to pay a little extra I don't mind.
Kay Realist I think they do have chains wrapped around their ankles, and they put em there! It takes ambition to get out of the minimum wage merry go round. Most of them don't have it and don't want it. They would have nothing to complain about then.
well like immigrant children that were brought here when they were like 2 don't have papers usually because their parents don't have papers either and their parents work 2-3 minimum wage jobs or maybe other things that pay better but aren't entirely legal, i've heard that getting papers to be legal cost a lot that many people can't afford i'm not exactly the most educated on the topic so im just going off on what i've heard and/or seen or read. Im currently trying to learn better spanish so i can translate for people who don't know english so they're not tricked into signing contracts that they can't read (happened to my mom once when i was small) usually the people who hand contracts know they can't read the contract & say that the contract benefits them so then the signs it and once its signed it usually takes a while to get out if you're clueless about anything that's going on Correct me if i'm wrong please, i hate looking like an idiot
There are many stories of how people adjust when they immigrate. As for me, I came to the united states when i was 4 years old after waiting 8 years to get approved for green card. My parents paid for all documentation prior to immigrating. Saved a little less then $1000 cash in hand and left their country for a chance at the american dream. Once we arrived my parents worked minimum wage jobs and lived in a very cheap apartment for well over 15-20 years. We struggled but our family never stopped trying. The sad part is although my parents were never divorced but I grew up feeling like I rarely got to spend time with my parents. They left for work at 7am and usually came home around 7-8pm. As for me, they were the most strict passive parents and disciplined me aggressively but lovingly. How did I turn out? I am now in my mid 30's and in the top 96% wealthy in my age group. I am thankful although it was difficult.
I will throw in my two cents, because I hear the phrase "learn a trade!" get thrown around a lot, with little considerations for the necessary lifestyle of tradework (in America).
Electricians, duct workers, sprinkler fitters, boiler makers, steam fitters, pipe fitters, (some) plumbers (some) carpenters, iron workers, welders, etc., many of these trades need to travel the country to find regular, reasonably paying work. Yes, you have your local Bob the Plumber who you can call to unclog your sink, but those kinds of jobs often reach an early saturation point (a town can only support so many plumbers that service only the citizens of that town). Most of these trades have to chase major construction/shutdown/retrofitting jobs around the country to not only get better money, but also regular money.
If you were to wake up tomorrow and decide 'I want to be a welder' (assuming that you aren't just for the purposes of the conversation), then you could attend the relevant school, achieve an apprenticeship, and be out and welding within 3 years time. If you wanted to be someone who comes home every night to the family, then count on not working a whole lot. Jobs that you will be able to contract your skilled trade to are not constant in a given area. Sure, some areas are more productive than others, i.e. rapidly expanding cities, but that is the best case scenario, and those good times do not last forever.
Skilled trades can be very reward careers, in many aspects, but they are often difficult to raise families with and also discouraging towards establishing any kind of roots anywhere.
Source: someone who grew up in a steamfitter family.
TL;DR: wanna see the USA, then piss off your BA!
I have 30 employees. Some years their health insurance cost more then their wages since I pay all their insurance on their wife and kids even when they are layed off for the winter. I would have to take away their insurance to pay the $15 per hour.
Eric E Stahl the problem with the US economy in one post: incredibly High insurance and tax rates that choke small businesses out of the marketplace
Eric E Stahl I guess affordable health care would be good for you I hope you live in a blue state
This poses a good point that while a $15/h min wage might now work with our current system, in tandem with other policies like M4A, it could benefit businesses by having to spend less on labor overall, and benefit workers by making more, while not having to worry about health insurance. Also, without a risk of losing health insurance, people would probably be more likely to start their own business since they won't have to worry about not being able to afford being in the hospital
coveringfish I don’t think it would since the cost of living would be too high
Eric E Stahl that's a microeconomics viewpoint. If you were the only one who was forced to pay them more, you'd simply fail to meet the demand. But we're talking about everyone being forced to pay their workers more. Prices will rise, and the workers who now have more money will be able to pay those prices. It's a complicated system that has a simple result: money flows away from the rich and to the poor.
Of course, the microeconomics problem exists on the fringes of the macro system. Each minimum wage increase targets a specific demographic. Economies overlap, however, and people in that demographic interact with people of other demographics whose minimum wage did not increase. Thus it's not a completely smooth transition. But the thing you said will happen is not a thing that will necessarily happen. It might happen, but not as a result of the minimum wage increase, but rather due to a system designed to protect the rich at the expense of the poor, in ways such as preventing legislation designed to help them from functioning in that capacity. For example there may be price-fixing systems in place to protect business interests, or laws allowing workers to have their health insurance taken away. Sure, due to a broken system, such legislation might help the people a lot less than it was designed to help them. That's not a failure of the legislation, and you're pretending that it is. Thus, you are part of the problem.
Minimum wage jobs are for high school and college students to make a quick buck, not for making an entire living for you, your 20 kids and your unemployed wife.
This is by far the dumbest and annoying response to this argument I ever hear.
Ok so, The minimum wage is short for a term. Do you know what that term is?
That's your homework kiddo 😉
Brandon Everhardt the minimum wage should be in place to help out young, naive children. go look up a few videos on the subject, eh? thats your homework.
you are not entitled to making a better life than those who chose to put time and effort into earning a good job.
It should, but it doesn't
No one working for minimum wage should have a family to support. Each job should give skills to break past the minimum wage starting point and earn you points for a higher paycheck at the next job. Why should fat cat have to pay more than the knowledge needed for the mundane job. Our job in life is to keep learning and pushing others to keep challenging their mind and body.
Oh, this is probably stated a billion times in the comment section...
Stated a billion times, refuted a billion more. We don't live in a meritocracy. Each job SHOULD move you toward a higher paying job but it doesn't. End of argument. Will wait for refutation but not holding my breath.
The best solution would be a minimum wage that varies based on industry, region, and sector. Additionally, schools need to place a higher emphasis on economics and finances so that kids know what they are getting into, and can potentially negotiate a higher wage.
Minimum wage needs to go in today’s society. It hurts everyone except the corporation and it’s executives. Yes it helps poor folks for a short term window until the economy has adjusted to accommodate such rules. (Capitalism) The mindset and personal understanding of these people is not increased though which often helps them believe they now have more than before and create bad spending habits that lead to no long term change. The company will in return adjust operating hours, lay-off work force, incorporate more technology, and increase prices. The middle class people will be hit the hardest overall in the fact that their salaries/wages will be the last to increase. Their expenses will rise and wages remain stagnant. This forces less savings and use of savings. The future value of the dollar tells us they will always be worth more in the future… so by forcing use of these and less savings you aren’t just increasing the price but you are costing them thousands and thousands of potential future dollars! Once their wages have been raised, they will be playing catch up from these (negative) time periods. We are effectively working everyone to $0 in the long… we see all the big corps increasing in value while middle class and poor Americans continue to fall behind.. yet this is exactly what we voted for. Quite amazing how many people think that changing one variable input will not equate to variable change throughout the equation. By increasing today’s PV of a $ and consumerism culture. We will eventually all be broke fools working for the same wage world wide. All because we thought changing the value of X would lead no change in Y!
two things aren't accounted for: and that's globalisation and self-sufficiency.
1. minimum wage in america doesn't mean m.wage globally, ERGO jobs go to china, nike cost 60c/hr. and that DEMAND of cheap shoes ENSLAVES other nations to work for cheap. not only do we lose our jobs to the cheaper work, but we are technically enslaving other nations, which has a moral arguement.
2. self-sufficiency: if a job is not paying you enough, you need to be able to say "i won't work" - aside from this naturally raising wages ( ie: if no one does it. again slaves come into play here) - but this also encourages people to be socially and economically responsible: no debts, save the house, good network of family and friends. and to skill up.
I would argue that the only effect of minimum wage is increase cost of locally produced goods, leading to cheaper off-shore; loss of jobs; and poor productive output. if someone could get by working at macdonalds till they are 40, why don't they? - ideally, those jobs should be left to young kids and etc, BECAUSE they are unskilled and don't require much. whereas minimum wage reduces pressure for people to learn,skill up, and find more and greater things to do.
I see 40-50-60yo people working at the grocerystore and I can't imagine how miserable their lives must be, but it is enough to "survive" and thus they take it while the kids can't.
minimum wage is simply just "giving a man more fish" instead of teaching him to fish.
drewestification or you could get a better job. Trades are good, if you manage your funds enough, you can make a great living.
Well put sir
Except in today’s world people are working for their salmon but only getting anchovies
@@honeybadgerstudios21 yes, the point is that if one pond only gives anchovies, to find another pond.
There needs to be greater social mobility to find and obtain good ponds, and all the bad ponds should either dry up or get better fish, from being unused or having only inexperienced fishers.
The onus is on the companies to improve, not for us to just accept more pay.
if someone is not making enough... how do propose they... stop working? Your position comes from privilege and libertarian talk show hosts. Self-sufficiency is not possible in a modern society without already starting at the top and, frankly, shouldn't be encouraged. Society advances the most when the most benefit, and the most will contribute when they can feel that benefit. I agree that the minimum wage is tricky, but raising it needs to be taken out of the hands of politicians. Tying minimum wage to inflation, with government subsidies to help businesses deal with that initial, largest bump in wage, is more helpful to everyone. Businesses need to be held accountable to using some of their profits to better their workers and account for inflation in their pay, that is the responsibility of the employer. The workers add value, they need to see increasing value, not diminishing value, in return. Otherwise, that business can expect to go out of business. It is definitely a global, moral, systemic issue, but leaving it alone is not the answer. If giving someone more fish is too morally unconscionable for you, then you better have a plan for teaching tens of millions of people to fish. i.e. accessible education and training, a path of forward mobility, a welfare state with a true safety net, and acknowledgement of the nature of disenfranchisement in capitalism. All of these things are ideas that the talk show hosts you're quoting hate, so what the fuck is your plan? The bootstraps thing? fuck outta here
If Johnny has two kids and a wife he needs to aspire to more than mcdonalds
He is waiting for his mix track to become popular
Walmart pays me $10.50 an hour for 33 hour weeks and Im fine with it thank you very much
is that a complaint to his video or supporting his argument lol
no clue tbh
Dude, fuck Walmart and minimum waged jobs. Go to a construction trade.
This week I'm going to a job site for 70 hours for 6 weeks. Going to make about 10K.
Flaymer Well I hope you dont planning on working there forever if you wanna raise a family...
Better yet, join a construction union. We make 30% more than our non-union counterparts, on average.
TL;DR: One of the study he cites has major problems with its methodology, which makes his conclusion pretty much unsupported.
Great video, but there is a major error in your argument. The most recent study about the Seattle minimum wage increase has major methodological flaws. It only accounts for the effects of the minimum wage increase on employers without multiple locations--that is, small businesses. It does not account for larger employers with multiple locations such as Walmart. This is important because small businesses are not as able to handle the increase and so they respond by replacing their inexperienced workers with fewer, more experienced workers. This leads to a reduction of hours and thus pay for low wage workers working for small businesses. The study only deals with the effect of the increase on these workers, so it finds a negative effect for the workers. The study did not cover the entire population of low wage workers in Seattle though, and so no conclusions can be drawn about the effects of the increase as a whole. However (and this has been hypothesized but not yet studied) some people think that as more experienced workers are hired by small employers, large employers have to hire less experienced workers--and because their productivity is lower, they will have to hire more of them. Thus many of those low wage workers that were laid off by the small businesses will be hired by the large ones. This would be consistent with most other minimum wage studies which find little or no impact on employment levels. This is a guess though, and more research is needed.
Essentially, it is important to look in to the methodology of the studies you are citing, and to look at what other researchers have to say about them. Also, it is a good idea to study the research in aggregate rather than proving your points with isolated studies that may or may not reflect the larger picture. In this case, your failure to do so has led you to a completely unsupported conclusion. I agree with you though when you say that "more research is needed."
This is a good point I had not thought about, however would be hard to gauge with a study as this is just in Seattle, and places like Walmart still run in nearby outlying cities with a different wage, I'd assume.
I think that it should be increased for adults and not for teens. If you’re supporting a family, then you need more than $7.25/hr, but if you’re in high school and you don’t have to pay a bunch of bills, then you don’t need a raise.
Minimum wage jobs is suppose to be a job you do to start your career or support your training for a career not become your primary job that you do from the day you start to work till the day you retire. Having a minimum wage just sets a minimum price for things produced within a country, if all products were locally produced then fine but if you compete with countries that doesn't have minimum wage you very quickly find that your local companies cannot compete or they decide to move all those minimum wage jobs to other countries or automate their business (See self-checkout and soon we'll be served by robots in fast food).
My solution to this is by giving employees a share in the company that they would be able to share in the profit that the company makes.
The welfare of international corporation, or the welfare of American individuals.
Which is it?
I believe the that a corporation should serve it's employees and customers.
Suursteruim the only problem with that is that unions have opposed that for years to take a lower, but more predictable and stable wage. If the company doesn’t make much money in a month, the employees won’t either.
what do you use to animate your videos?
Question: If I make more than the minimum wage say $20 dollars an hour (not my real salary) and the minimum wage is raised to $15 an hour, does my earnings lose buying power? Am I worse off as more people approach my wages at other jobs? (not an argument against changing the minimum wage, I am curious on your viewpoint)
You will, they increased minimum payment here in turkey from 800 to 1404 monthly, this raised inflation from %4 to almost %16, everything got very expensive and economy is in bad shape. Youth unemployment rate is almost %35, and overal its %15.
Shannon Craig I believe since it would raise inflation then yes your wage would not be as high in terms of buying power
Your earnings lose buying power when either the GDP goes up or the money inflates. The GDP goes up when productivity increases, and productivity increases when more people spend more time working. If the minimum wage increase is successful at bringing money into the hands of the poor, it will probably decrease their hours as some get laid off, some quit, and others simply work fewer hours. The whole system is really complicated so you really just have to look at graphs. But basically, no. The things which directly decrease the buying power of your earnings are:
1.) Your government printing more currency than is needed to replace that which is being de-circulated, and giving the surplus to individual parties such as banks.
2.) An economic boom resulting in jobs being created and people working more hours on average.
But that's just measuring the money's overall value. Its value to you depends on what you're spending it on. A good example of where these models don't hold up is the fact that despite US currency inflating fairly smoothly over the last few decades, the cost of things have gone up by widely varying amounts. Rent has gone up more than double in just 20 years, while the cost of food has barely increased, for some examples.
How would the guy working for 2 dollars is making more than the guy making 7.25. Can someone please tell me how this is asap. Thank u
$2 was worth more back in the day
Minimum wage is a violation of the NAP (non-aggression principle). You still haven't done a Libertarianism in so many minutes video yet!
On this list. Expect one soon :).
This one is a little more fringe but one on Minarchism and Anarco-capitalism would be cool too.
Thought Monkey excuse me i know this is unrelated what if their was a state bank? to go further in what I'm saying is the abolition of commercial banks, people borrow around 2.5 trillion dollars from commercial banks every year for things like paying mortgages, buying a car, investment loans etc... what if all the money that goes into the banks were tax dollars 2.5 trillion dollars worth of tax dollars to state ran banks with an additional 500 billion dollars just in case their are more borrowers, the money supply/intrest rate for each bank would depend on the area they are in the state/ County will be in charge of this. also companies like Microsoft would have business cards that every worker will fill out including the ceo, these cards go to the bank to see how much money they earned the company will give the bank the money it needs to pay its workers destroy the old money and make new money which is then deposited to the workers a.k.a atms. so are money will be backed by old money, also to keep inflation going workers would also be given printed dollars the fed printed about 500 billion dollars last year so every worker in america would receive about 200 to 250 printed dollars a month so money can still flow in the economy the fed decides how much inflation their should be each month, what you think?
CPU Tiara HD Otaku Weeaboo he has now!!!
NAP is bullshit, Walmart don’t care
I'm interested in whether a Universal Basic Income might be a better alternative to a minimum wage as it doesn't directly press on small businesses (depending on how the taxes to fund it are allotted) and unlike working tax credits it isn't dependent on being in employment (thus that bargaining power that an employer has over a worker is reduced) and likewise it isn't dependent on unemployment (so it removes the poverty trap).
This is something I've thought about too. As another commented posted minimum wage is actually an aggressive policy by the government forced upon businesses. If a business doesn't comply, they can be fined or shut down. But if we give a universal income that takes care of minimum wage and basically our welfare system.
robtoe10 universal wage is just another name for welfare though. You are trying to say giving people free money makes people modivated to go out and get a job rather then sit on their ass and collect?
Poor remain poor and middle class become poor because they will be the ones paying for this.
@@johndoe8000 In my opinion why we wont just tax the rich
The solution is not to raise the minimum wage, it’s to change the mentality in our country. If everyone is motivated to create their own business and be entrepreneurs, it would be possible for them all to be successful.
Ehh...bit questionable on this argument, if you have minimum wage and increse it, not only it will cost the owner runing his or her business but also risk losing workers, simply for not affording to pay them. Personly, minimum wage to me isen't the best solution for capitalism and the free market, as it cost not only the owner but also the worker and customer.
I'm sorry but I must disagree with your argument, having regulations for The Society in the free market, would not help people in the long run, especially if the government are the ones that inflate the economy, making things more expensive than it needs to be.
It's gonna hurt me if I get fired for it because the company is not making profit :^)
i'm confused..Don't business also compete for better workers, making the wage go up? like if there are 100 business hiring and there are 50 workers, the businesses would try to attract the skilled ones with higher wages.
You have showed only one side dont say you will show both if you show only one in the end
Minimum wage jobs are transitional or entry jobs not careers.
An idea that is never touched on i will throw out there, but it's just my thinking.
Having low minimum wage creates more competition for skilled jobs. In turn this ensures that the best qualified worker is doing the job, which helps grow the economy. If you made 20$ pouring coffee/flipping burgers or 23$ doing a labour intensive skilled trade many better qualified workers may take the other job because it's much easier, and less qualified will become skilled workers which may actually stunt growth.
This might sound harsh but if you aren't getting paid enough get a better job. It's not the government's responsibility to make sure you get paid enough. It's yours.
Yupp but today's generation wants everything and are privilege deniers
I honestly don't see the logic behind a minimum wage. It just seems like a flimsy policy based off of normative statements. Saying "People should not have to live in poverty." isn't cogent point as poverty in America is much less pronounced.
I also don't see the problem with paying someone 4 dollars an hour. Again, this is America. No one's forcing you to take that job. If anything, it leaves fewer opportunities for unskilled workers, as those 4 dollar an hour jobs no longer exist.
Also It's a blatant violation of free trade. Everyone would see the issue if the government imposed a maximum wage, or a minimum price for all goods. Granted, the sort of do that with taxes and progressivism...
Hey i'm not extremely educated like most of the people on here but i'll give my 2 cents of what I think I know, please correct me if i'm wrong I hate looking stupid.
So let's say someone immigrated to the US when they were about 2 years old, they don't have papers and can't get them because they lack the money. I don't know too much about jobs but i've heard you need papers to work in most. Someone I know had to stop working at Togo's because they started asking for papers and they didn't have any, now they work at a laundromat for less. They work at 2 laundromats actually because they don't get paid too much. How would a person like that try to get out of the minimum wage jobs they're in?
Why would you pay someone 15 dollars an hour for flipping hamburgers. Also big business want to increase minimum wage because they know that small business cant hire or afford that high of a wage. You wonder why that coffee shop down the street is so expensive compared to a franchise like starbucks or dunkin donuts. Its because of high wages and too many regulations
We need less gigantic corporations that have monopolies, free up regulations so that we have more entrepenuers, and in turn more choices as consumers, we need more small local businesses and farmers etc, large corporations like Walmart and macdonalds are destroying the environment and destroying people's health. I believe that if people have ability to do what they love you get excellent quality, as oppose to someone who works for bare minimum wage at a fast food business, they have no vested interest to ensure your safety or even to get your order right
Well, working less is not a bad thing in general, i know a lot of people that spend a lot of time at work doing nothing, having a higher minimum wage increases the need for efficiency a bit, which is a good thing
Biggest problem I have with minimum wage just has to do with the type of country I want to live in. I want to live in a free country with smaller communities of people who voluntarily decide how to exchange goods and services with more small and local businesses, not this giant impersonal corporate nation of red tape where the government has to constantly mandate what workers receive as giant firms consult with their accountants and lawyers. All this red tape makes our lives very impersonal, destroys our sense of community, reduces the amount of competition in the market, and traps those less fortunate into the lowest rungs of the economic ladder. Most of all it just makes the country lose all sense of diversity and flavor. It's rather depressing to drive through the nation and just see an endless repetition of McDonalds, Wal-Marts, and Starbucks, and I see that problem only getting worse with more and more regulations and mandates.
When have we tried zero minimum wage in a Laissez Faire Capitalist environment? If WacMondles paid you 2$/hr, I could start a company and pay you 3$/hr and differ the cost. Simple as that. I would fight for workers to be successful. Also, working for someone is consensual. No one is putting a gun to their heads. Keynesian economics is stupid because it mostly addresses the issue, not the cause.
You are wrong. Min. wage works in a monopsony but in other cases it does hurt the workers according to studies not acc. to an opinion.
A min. wage is not a fix to the problem it is just one sign of deeper one.
Also min. wage has nothing to do with NO gov, regulkation. The gov always regulates. Monopoly laws etc. it´s how and what exactly being regulated and min. wage is only one form or one kind of ways to do so. Not necessarily the best way.
If I own a business the government shouldn’t put a gun to my head and force me to pay my workers a certain amount of money, it’s that simple.
The minimum wage is a myth. No matter what you raise the "minimum wage" to, the true minimum wage is zero. The answer to low wage workers needing to make more money is for them to gain skills that are worth more money. Either work hard and move up within the company you work for, or learn a skill that's worth more money than you currently make and switch to a more profitable career. Low wage jobs are meant to be a starting point, not a lifetime career.
Seize the memes
I feel like minimum wages are to help people to get on their feet, not to be made as a career. Maybe I am wrong? But I can kinda see how alot of young people will not have jobs, because there won't be any, they'll alll be taken. But I also believe that once the wages are raised, the cost of living will raise also, balancing things out again. I don't know. Lol.
Good stuff
Increasing minimum wages to $15 per hour can work for small businesses, if the government will be willing to pay the difference that's needed to reach $15/per hour. (example: Bob makes $7.50 per hour but his employer can't afford to pay $15, the government can pay and extra $7.50 to Bob as long as he remains employed.) This will prevent Bob from losing his job and filing unemployment and help the small business.
My poor fellow, the goverment does not create money. Your taxes will pay for this.
@@billycopper7248 and that will be fine with me.
And I'm not poor, btw. Please don't be ignorant.
@@rashadcarson6975 ok then , put your money where your mouth is and each payday for 1, and only one employee of your choice, pay him the difference between 7.50$ and 15$ per hour which would come to 7.50$×40hrs=300$ a week, for as long as he works. I DARE YOU.
@@billycopper7248 dude, get lost.
In all moderation is best
If Johnny has a wife and two kids, why doesn't he try to get a higher paying job than McDonalds? I know there's a lot of factors in that, but I see soooooo many people who are perfectly capable of moving up, that just insist on working their minimum wage job.
If the companies just want to pay as little as possible, why does anyone pay above the minimum wage?
75% of democrat arguments for minimum wage increase are flawed, and 100% of republican arguments against minimum wage increase are completely wrong. You do the math.
Low skill, low pay. Period. Picking strawberries only requires a will to do. The more training, the more skill, the more pay. Usually. You kit the nail on the head.
JN Woodard Sure, but there is also exploitation and undesirable work with no benefits. Skill is an aspect that is hard to measure, I don't think your average joe can pick strawberries for 8 hours as efficiently as some of the workers that have the experience. And these jobs are necessary.
Not to JN you never really established your point. What are you trying to say?
And how should the lowest wage workers get education?
Gilgamesh Ashur boy youd be suprised what u can do if u really wamt to
Brandon Everhardt law of supply and demand
Finally someone who understands economy
Minimum wage is a price floor
Guided worker welfare/ decreasing expenses and tech advances is a better option
The best example to prove that Raising Minimum Wage is a bad idea is Venezuela.
The problem with cuddling the less fortunate is that they have the tendency to stay less fortunate when they are cuddled, adversity is what forces us to go forward without adversity humans will become weak ....
Manny Echaluce uhas, I agree, but consider this, what if they grew up poor and have no opportunity to get a better job? Just a thought
Here's what I think, we shouldn't have a minimum wage, we should just strengthen labor laws so labor unions can increase wages through collective bargaining more effectively. Living wages isn't the same in every state, $13 an hour is a living wage in New Jersey while $11 an hour is a living wage in Florida. So establishing a federal minimum wage won't work as living wages varies from state to state. What should be done to address this issue is to make unionizing a constitutional right as well as collective bargaining. The Scandinavian Countries don't have a minimum wage because they're very unionized.
the government should give me 100 trillion a year in benefits but tax me at 99% and all of their budget problems go away.... they could give the rest of you 4 grand a month and free education and housing, but due too the obamacare act you would still need insurance.
Minimum wage in 1970 was $1.45 not $2
Johnny shouldn't have children he can't afford until he raises his market value.😔
I'll save you 6 minutes. Raising the minimum wage hurts everyone. You're welcome.
no it does not
You had me until 5:15, yes the rich are getting richer but the poor are not getting poorer
At worst most are staying the same but it appears most (I'm around) are getting richer but not as much or as fast as the rich! All I have to do is go talk to my high school mates that still work at McD's... now in their 30's and ask to see their phones or ask them what the latest video game or movie the watched. They are better now and with more than 5, 10 years ago. (Too bad they won't get training for better jobs but hey if they are happy why should I care)
I haven't liked and subscribed to anyone in years. ...
The Minimum Wage is the bottom of the free market; the foundation. It would be like lifting someone from the feet. Yes, they are the feet are higher, but so is the rest is the rest of the body. This my friends, is what I call "Inflation".
well said
"as the rich get richer, the poor get poorer"
this is manifestly false. as long as they aren't getting richer through the intervention of the state, the rich can only get richer by providing things that other people want more than what they have to pay to get them. this simultaneously makes the people who buy them also richer, not in terms of dollars, but in terms of subjective wealth. the lowest paid Mexican immigrant worker earns a better living than he would earn in mexico, which is why he comes here. he is not being oppressed, but rather he is better off than he other wise wold be given the options available to himself.
This video needs a lot more information. You just stated the very basics of both side and left me no where to go
Not the point of the video, the video is to give you an introduction on the most basic of levels to this so you go and do your own research.
So raising the minimum wage is to benefit people...who are working at McDonald's and Wal-Mart...and have a family and house to maintain?
These are spoiled college kids you're defending. Not adults who have families to run.
Im just going to say that minimum wage is ridiculous as a majority of the unskilled jobs still pay more than it. The only ones that don't is food, and that is because local food establishments struggle to keep their doors open and owners out of debt because of minimum wage. This allows the giant corporations to grow richer as they can afford to pay the minimum wage and thus end up gaining more business because the customers that would go to a local place would now be going to a conglomerate instead. Just a thought
Ok, so you can work at Walmart for $7.25/hr. Then employers at Walmart will be able to hire more people! How about that. If it ain't broke, don't fix it!
I think the minimum wage should be continually increased with inflation, but raising it too high too fast like a certain dem socialist wants to do will cripple small businesses that can barely afford to pay their workers now
Moral of the story - the free market doesn’t work and only favors the capitalist 😀👍
Me when I have no understanding of the free-market, or basic economics.
Great video❤
Quit buying the latest iPhone and expensive data plan ....
5:09 _"This country has an interesting history. As the rich get richer, the poor get poorer._"
Citation needed. I think over our history as the rich get richer, the poor get richer.
when the rich get richer more jobs are made
Entertaining video, flawed argument
why set a minimum wage? we could set a minimum price for each product.... oh wait that would be planned economy and it sucks.
Get rid of the minimum wage, increase union presence.
Money and wages do not make you richer. Being rich or poor is a state of mind
Rich people love when you raise the minimum wage in America.
Raising the wage of a minimum wage McDonald employee, only cost the customer money, the customer being almost all middle class. We love to make the stereotype of the rich guy with his hordes of servants but rich people don't employ from the low class much. All you do when you rise the minimum wage is squeeze the middle class more.(the middle class which doesn't have their government advocating for raising their wage)
Increases in the price of goods automatically results in the inflation of the product that comes from said goods, labor is no different, so the minimum wage will never be able to catch up with inflation since every time it tries it only accelerates said inflation, instead of targeting wages, how about stimulating the economy to reverse inflation, historically speaking nothing has pulled more people out of poverty than economic growth under the free market, anything else causes more harm than good
It has nothing to do with who picks food, or being an engineer or brain surgeon. It is supply and demand, you are paid exactly what your worth. If you are performing a job that a large amount of people can perform with minimum to no training you will not be paid much. If you are doing a job that requires a lot of training and skill to perform therefore there are few people that can do it you will be paid more.
Disagree. Worker income does not reflect value in a for-profit system. Employers will exploit the workforce as much as they can to increase their profit margins. Exactly why worker Unions were created. Supply and demand is a simple model that does not take into account Monopolies/Oligopolies, bargaining power, shareholders or just simple greed.
M Your logic is highly simplistic and sounds right if you do zero investigation into any of it. For starters, not only is it demonstrably absolutely 100% false, but it's actually really difficult to come up with a test which even seems to confirm it. The only way to think you have evidence supporting it is to not check. Nobody is paid anything close to what they are worth. Since the rest of your argument hinges upon that premise, you really have to re-examine the whole thing at that point. I could pick it apart even further, but it would just be demonstrating that the already ill-placed logic is overly simplistic even for situations in which it did fit.
Of course all that is a big long-winded explanation of what's wrong with your logic. But I didn't need that. I can circumvent your entire argument by pointing out a simple thing you completely failed to address: what happens when there's a surplus of workers, and a shortage of work? Try to answer that question, and I guarantee you'll accomplish more in five minutes than the arguments of politicians you listen to have in five hundred years.
so migrant farmers are worth 4 bucks
@@ekkorun Workers are worth exactly what they are paid.
@@Michael-yl2iq no lol. Companies cannot decide what a man is worth
how about you find a better job
What about people making more then minimum wage and don't get raises. I'm a truck driver and in December when the idiot government in ny increased minimum wage it drove up inflation and I took a pay cut.
Why should I take paycuts when I'm the one who went and got a very marketable skill??
How about stop raising a family on it at a young age and make better decisions in life then maybe you wont struggle.
I think a huge problem is that too many people conflate not living in luxury with poverty. There is a BIG difference between not being able to afford that second Tv and Iphone, and not being able to afford food.
There are two statements made in this cartoon which need to be clarified. First is "the government is supposed to..." = FALSE. The government is to protect the ppl as a whole and not meddle with the doings of business. The ppl themselves need to deal with the rotten business practices. The problem is that the government makes it illegal for the ppl to do this effectively forcing the ppl's hands to rely upon the government. Second prase: "no one should have to live in poverty". That is true but it's up to the ppl themselves to fix their situation and not anyone else especially government. If you don't like a hole you are in, crawl out. If ppl stay in the hole, educate them that the hole is bad.
Walked into a convenient store the other day and saw a small drink for around the price the medium was not long ago.
Inflation at it's finest....
Aren't small drinks already almost the price of mediums? Usually the medium drink is 50-75% larger for a 10% price increase.
2L name brand sodas are $1.50 to $1.79 here in grocery stores now. Just 2 or 3 years ago, they were easily found for .99 cent. The small bottles are also $1.79 🤦♀️ And... a gallon of milk has gone up to almost $4 where I live. Used to be $1.99 at most a couple years ago. The pandemic has only made things more expensive & harder to find as well. I can only imagine what these things will cost later this year.....
@@laurasimmer9612 😔
I agree
Sweden has a minimum wage of 0, no one pays that because there is a competitive environment and labor is still needed. the problem is not minimum wage, the problem is people expecting more than what value they provide. working at McDonolds here, is like working in agriculture in Cambodia, people are spending way more than the value they're offering. if you want to get out of poverty you have to offer more value to society.
4:00 - So it's NOT about equality if some people are harmed and then some others benefit???
So many people's comments don't reflect reality, as this video oversimplifies the working conditions today. To say that minimum wage jobs aren't intended to be careers, are meant to be starter jobs for teenagers or people working minimum wage jobs shouldn't have kids to support ignores the fact that over 50% of the US has a minimum wage job. There obviously aren't that many teenagers, high schoolers or people just getting work experience or making some extra money, so, whether they were meant to or not, millions of families ARE supporting children & families on min wages- most often working 2-3 just to be able to barely be above poverty.
&, without question increased skills, training & ability can open doors for better, higher paying jobs & long-term careers. But where are they going to get this education from?? Anybody who's ever looked into these for-profit trade schools knows they cost at least $10k in tuition & fees & trade & tech colleges tuitions & have increased while the quality of the classes, instructors & programs has decreased. With the govt continually cutting education funding the trade & job training classes in public high schools are nearly non-existent in most districts. So, how does a person barely making enough to eat after paying bills manage to save enough for tuition, attend school while working 80 hrs/wk or support themselves & their family while they're in school instead of working??
The reality of today's economy is highly favorable to corporations exploiting its workers, thru anti-union, independent contractor "gig jobs", globalization & priortizing stock value instead of community & customers. People aren't lazy or demanding more than deserve, they want to be sufficiently compensated for their hard work that they can survive on their wages. When corporations are making $5 trillion/yr in profit but refuse to give workers making $7/hr a $0.50/hr wage increase that would only cost them $150 million/yr more, EVEN as their executives give themselves $300 million yearly bonuses on top of their multi-million dollar salaries, that tells just you how f'ed up it is. Greed is good & workers need to do more to get WAY less. If the economic strategy doesn't evolve to meet the current challenges then what else is there but to raise minimum wages - or watch the poverty, homelessness, crime, inequality & financial stability collapse the country & destabilize the world??
median pay goes down while salaries of richest people triple in few years, enough said. I hate people saying that we should just sit there and let the monopolists intimidate us with automation. and for those idiots who say "why not $100 minimum wage" - you can't pay people more than they produce, idiot, but I'm sure that McDonald's workers produce enough to not live in poverty and paying 10 cents more for a burger wouldn't kill you.
Is it really the governments job to protect the poor from the rich? That point in itself is highly debatable. In my opinion tax dollars should be mosty for infrastructure and military.
Jonny who works full time at McDonalds and has a wife and two kids to take care of fucked up large. If you work at McDonalds you don't get married and have kids yet.
Why Rich gets Richer, and Poor gets Poorer? answer is, rich invests and invests, and poor spends and spends and does not invests.
If Johnny has a wife and kids then he should get a better job or be a more responsible adult.
minimum wage is no a right but a prohibition to the workers
Here is my 2 cents.
If you are working full time at minimum wage. Your wage should at minimum be able to have you live above the poverty line with consideration for 1 child but no spouse. This would ensure single parents have some protection.
However I don't think we should expect minimum wage to cover a family with 2 kids and only one working adult. Because that is just unreasonable. If you feel the best you can do is minimum wage than you should not be having multiple children.
Brock Neilon
Because you can absolutl plan parenthood and abortions are ok.
See the problem?
Rip anyone who has twins...
Okwaho its 2 sense btw.... not 2 cents 😂😂😂😂
@@ryanott8536 no it's not....
I don't think raising MW works on a national scale. But is effective at a city government level. If Atlanta wanted to raise minimum wage and create a labor market that would attract skilled workers at entry levels, that wouldn't affect a nearby agricultural community who needs cheaper unskilled labor to minimize the impact on food costs. City emphasis would take into account the better aspects of Capitalism while avoided some of the more toxic elements of an unrestricted freemarket.
But what about us who don't like minimum wage? Can we be paired with employers who also don't want minimum wage? You know, something called freedom?
Inflation is a major factor in this topic
What about collective bargaining? Scandinavia does collective bargaining agreements instead of minimum wages
Ontario is going from 11.50 to $15. That’s some shit
I thought I'd never see the day where someone made a thought provoking video with reasonable evidence, arguments from both sides, and a whole heartedly non bias approach to their claim. I am stunned at your mere existence, you truly give me hope my dude. Keep it at!!!
Little did you know the minimum wage was gonna be increased by Joe Biden 3 years later
I've watched several videos about Seattle's minimum wage, I really can't decide if it's good or bad. An artificially high minimum wage might attract employees from higher earning households and displace the people they are trying to help.
It would clearly be better if minimum wage went up everywhere.
kkkkkkkkkkk ok ok
I enjoyed this and the last few I've watched *subscribes*
No minimum wage, if your going to exploit yourself it's your own fault. I also don't feel bad about the straw berrys and the shoes. the people who make them are part of poor countries. If they're government backs off they'll see a boom in wealth like south Korea.
If we try to stop that they'll just end up starving working in some field.
Awsome videos. Subbed and belled
Minumum wadge is not ment to live off of