Except with freedom of speech, freedom of the press, freedom to self defense, having the biggest economy on Earth, having the best medical care on Earth for those who want to pay for better care, the most natural beauty, and protecting the safety and freedom of all 7.7 billion people on Earth today as best we can without infringing on the rights of other sovereign governments.
@@zenniz1992 Sadly, I think it's more like "I want the government to 'guarantee' stuff and I don't really care what problems result - or even enough to find out what they are - if I think I'm getting what I want or it makes me feel better."
No you just need better politicians. But what do you even expect when one party constantly tries to make it's own government not work anymore and the other is like 70% bought by rich people
@@hyabusa1 Like I said, clueless. So, Captain Non Sequitur, where did you get the asinine notion that anything I said implied a lack of either unemployment or a lack of a minimum wage in this country? Perhaps you should ask the nurse to adjust the dosage to act on the inappropriate laughter. The fact is that minimum wage laws have demonstrably never done anything but harm to workers, resulting only in disemployment (cuts in hours, benefits and training and outright job loss). You would just make that permanent for some people. How compassionate of you!
America (in the real world): "We're proud to say we have among the highest paid workers in the world, where workers have never been better compensated in history, where poverty has fallen to record lows and where the "poor" live better than the middle class in nearly every other country in the world."
This claim is compleatly true. This is mainly because it is supposed to be like this. The minimum wage is at the same value as what it was, but at a higher dollar amount. I don't understand the problem with this. Just because you were shown a graph at the begining showing it going up does it make people angry because the graph changed?
I’m not sure you’re ready for that. 43% of economists don’t think there should be a minimum wage and 83% of economist see minimum wage increases as hurting unskilled laborers.
Even if we started raising it by inflation I don't see how that wont just make inflation go up faster in turn. making the minimum have to go up making the inflation go up... And so on, how is that any better? If anything that would be worse.
Roman Wernsing that’s what I say! America is like stuck in a time warp! We are obsessed with the founding fathers, constitution, history, etc... but it’s all irrelevant!
le Hoarderz Al-Shekelsteins You dont need a gun to be free... You can easily protest and gather the people. Europeans know that a nation cannot run without the peoples support especially since a lot of their Monarchs have collapsed due to outrage. America has only gone through one revolution and I guess you can count the civil war as a revolution. They did require weaponry but that was during the 1600’s. The technology and the political state of the world now it would be unlikely for a power to suppress the people to a degree where they would want to topple the government. Why risks destroying the country to oppress the people?
Body Pillow thank you! Unfortunately because of the fact that your European, most Americans will disregard your opinion which is ridiculous. Most people in the states are so closed minded and backwards
cameron taylor It’s the closest thing we have to an original common culture. A lot of Americans do not want to see their form of culture disappear and be replaced by some knock off trying to keep up with the rest of the world.
The US is like an Instagram influencer who appears to have the perfect life but in real life is using credit cards to pay other credit cards, and still asks its parents for gas money.
Except, of course, that claim is pure, unadulterated ignorance. Minimum wage laws have never either raised pay levels or prevented them from falling. In the (abundantly evident) competitive market for labor it is actually impossible to underpay workers. In the absence of a minimum wage, no one currently employed would make less and thse that are rendered effectively unemployable by the minimum would be able to work for only slightly less, gaining job skills and experience making it possible for them to quickly move up. Pay levels are determined in the marketplace at the full value of the labor services provided. Anyone who doesn't want to make "garbage pay" needs to improve their skill level to the point that their labor services are *worth* more than "garbage pay".
Well I can tell you this for last 34 years the only wage increase McConnell voted for everytime was his own and voted no on every minimum wage increase
The US has 50 of the world's top 100 universities. The US has the most expertise and best results in healthcare received. The US has the best wages given purchasing power. The cost of living is weird. A $12 million dollar house anywhere near Los Angeles would cost $80,000 outside of Charleston, South Carolina. That's why there shouldn't be a Federal minimum wage, but each city, county and/or state should determine for itself what's appropriate, and that's often the case in the US.
Daniel Swarovski Yeah... the “American Dream” is quickly becoming only a dream for everyone that isn’t uber rich... especially because they keep trying “trickle down” tax cuts that are supposed to create new jobs, but most companies just bought back their own stocks and horded their money.
@Your Name Here Laughable really, that you think moon landings or even nuclear military might are commensurate with the society's living standards instead of being just egotistical d*ck measuring contests to cover up the wretched underbelly of extortionately expensive healthcare and grossly underfunded schools & other essential social services but carry on ...
@@iamcosma7065 That's not true at all, the costs have gone up because state's stop subsidizing their higher education. So in order to maintain revenue they've taken Government Loans, the government provided free education to millions of service members when they got home and there wasn't an issue at all? You know why because the Federal government subsidized the already subsidized higher education in individual states.
There are many ways to manipulate stats. And you can just lie and people can believe you... until there are contradictory statements. Even then, if you hide your contradictory "facts" people with the attention span of a goldfish won't notice.
Nyal Burns yes because for you making money 💰 is more important than people or society. You’re a beautiful human being. Karma will get you. Look at Epstein
@@noavanderhoorn2996 no trump has nothing to do with it you cant take the issue of the minimum wage out of politicians hand because its a law made by politicians.
Jonh Smith if you're born poor, you'll end up going to worse schools due to schools being funded by property taxes. If you end up going to a worse school, you end up learning less. Learning less means that you can't get into a good college if you can even get into college. That means your college degree is worth less and you won't be offered the same jobs as those from better colleges.
Okay, so King, a great warrior against bigotry, was an economic illiterate. So? And that Jeff Bezos didn't engage in "hard labor" has no relevance to the enormous amount of value he created (including the opportunities that allow some 800,000 American workers to make their lives better).
@@somerandomperson6936 You think it isn't bad for workers to loose their source of income? Also, many business owners aren't personally liable if their company goes bankrupt. Ever heard of a "LLC"? They assume no personal risk.
@@JesusHChrist2000 Workers are providers of value for which they are fully compensated. They are not a stakeholder in the business any more than your grocer is a stakeholder in your household. He provides you groceries; you fully compensate him for them. End of story. You are operating from at least one completely false premise (that workers are entitled to a source of income) and likely another (that workers are underpaid).
@@FletchforFreedom If a worker believes in the business they work for, derives meaning from doing a good job, and depends on the income to survive, then they are a stake holder. Just not a SHARE holder.
@@JesusHChrist2000 Ah, no. The chief focus of the company is the customer. Their reason for doing what they do every day (where they derive meaning and what they believe in) is to meet the needs of that customer (for which the customer pays) and on whose patronage the company relies to survive. But the company is *NOT* a stakeholder in the customer. The nature of the relationship between the company and the customer is *identical* to that of the worker and the company.
Sure, unless it’s a business that doesn’t require skilled workers. Too many people think minimum wage=living wage. If you’re a 35 year old single parent of 3 and you’re still working a minimum wage job, that’s on you. There are plenty of opportunities to learn skills and create value for yourself. Life circumstances don’t determine your pay, it’s your ability to do a job. There are far more people capable of flipping a burger than rebuilding an engine, therefore the latter gets paid more. Learn a skill, make more money. It’s not that hard.
@@asnmvet08 If a business is successful it’s employees deserve a portion of that success. Regardless of how easy or difficult it is to flip a hamburger if you’re hamburger flipping helps a business clear billions of dollars a year, you as a contributing part of that businesses success deserve a portion of those profits that you helped make. No one working for a billion dollar global enterprise should be below the poverty line regardless of skill or position especially when you consider that hamburger flipping is perhaps the most vital task in a hamburger chain. These workers are literally making the companies primary and most necessary product and without them the business would not exist and not profit in any way. While I appreciate and agree with your sentiment about developing skills to succeed the idea that our economy works on that principle is naive. Just use the hamburger example the most award winning and television featured hamburger joints the ones who have been perfecting their recipes and techniques for the last three decades make less in profits in five years than is spent on straws in a week by corporations using untrained staff to sell bottom barrel quality food in the smallest portion for the highest amount they can get away with. Skilled workers suffer from low wages and benefit from high ones. And the only reason so many skilled workers like welders, electricians, masons, and carpenters make as much as they do is because those industries still have strong unions that fight to keep the average wages in those industries rising with inflation. You look back at the wages of those same jobs in the 1920s and you’ll see these workers were paid equally poorly and being told they were just as replaceable as fast food workers currently are.
@@asnmvet08 You know what a McDonals worker earns in Sweden? $22/hr.' A minimum wage has to be a living wage. You have to rent a normal size apartment, eat normal food and dont work over 40h. Also, in a system like the US, where your futer wage is determit by where you were born it simply doesnt work to say "learn a skill."
America in a nutshell right here "It's such a logical idea. It's done in other countries. It really doesn't make sense why it's not done at the federal level. Like really, it's just politics."
The reason why it is not done at the federal level is by design. The federal government is the weakest part and the more local you go the more power you have. Federal
That would be great for Americans. Have a living wage, when I was in america I saw people make 30k a year with no insurance, no paid leave, no parental leave, or sick leave, that is sad to see the most powerful country. No powerful Americans 😔😢
WE ARE U.S. CITIZENS. CITIZENS OF THE UNITED STATES. THE UNITED STATES IS A COUNTRY BUT AMERICA ITS NOT A COUNTRY AMERICA ITS A CONTINENT. THE WHOLE ENTIRE CONTINENT WAS NAME AMERICA 269 YEARS WAY BEFORE THE UNITED STATES BECAME A NATION.
@@T404-i9w you earn time off by getting your work done first. When you work for someone your whole life and have to bargain for days off when you want time off, than you are not free.
cool it with your entitled attitude. all of the things you have listed are commodities not rights. those people either choose to work those trash jobs because they're lazy, or don't possess the skills to get a good paying job. nobody has a right to good pay and benefits.
It’s a common ploy by employers to do that a few months before min. Wage goes up because they want it to seem like they value you specifically as an employee so that you don’t leave, but in reality they will have to raise your pay in a few months anyway
@@k999ford doesnt matter, smart business owners normally give low class workers (cooks, janitors, ect) a raise when something is going to soon change in the economy because those workers are disposable. when one quits you can find another within a couple weeks
@@k999ford Don't mind the economic illiterates nattering at you. The hilariously incompetent notion that employers "set" pay levels and can underpay workers is not only completely contrary to basic economics but has been empirically disproved time and time again. Workers are demonstrably paid the full value of their labor services and the only way that they can improve their compensation (and it works literally every time) is to increase their value or, as you put it, "become a better worker". You can pass Econ 101.
I agree completely. There should be less government, not more government. The government should not set a minimum wage and let the market decide what it is going to pay. If one employer isn't offering enough pay, then move on until you find another one that does. We have the freedom to decide whom we work for. Almost all fast food restaurants and convenient stores around here have to offer well over minimum wage to find enough employees and they are still understaffed and constantly looking for workers due to turn over.
@@davidsawyer3737 We would maintain all of our rights without a big government. The bill of rights are limit to what the federal government is allowed to do, not individuals. We already have those rights inherently. They do are not granted to us by the Amendments nor the Constitution.
Yah. The politicians need to no longer have controll of minimum wages. This needs to be addressed by employees, unions, businesses, and a group of people that make the decisions.
Here in Singapore, we have a minimum wage literally lower than the US and only for cleaning and maintenance workers. And we are considered the most expensive city to live in. There is certainly a problem. One in six of us are millionaires, but being a poor non-Singaporean here is not at all easy. There is universal healthcare, only for Singaporeans. Affordable housing, only for Singaporeans. Subsidised education, (not free, for some reason, the monthly bill is around $20 US, so...) only for Singaporeans. I pity the 40% of people here who get nothing.
Interesting, it’s also interesting to look at Sweden’s tax rates compared to Americans. Someone at $20,008 per year pays 32% taxes in Sweden, but 12% in the US. Looking at the 2020 tax tables, someone in the US wouldn’t pay 32% tax until they hit $163,301.
@@MrTreynolds its also interesting that i can go to the hospital and it only costs me 20 dollars for full treatment. In sweden we dont go into debt because of standard things. 20k per year is also quiet a low wage is sweden as education is free and everyone has a degree.
strong governement renforced unions. There are a reason they are much stronger there than anywhere. And unions impose high wage pretty much everywhere so you have a de facto minimum wage
@@hithere5553 A non-politizied Union that bargains with the shareholders or CEOs may help. But what _really_ increases wages with no side effects is _an increase_ in *productivity* (investing in the tools and machines that the workers use). In most places and times, (political) Unions have forced business to increase salaries without taking care of the presence or abscence of productivity improvements: damaging workers on the long run.
Everyone I know who's worked at a McDonald's has actually enjoyed their time there. Maybe it's just Canada, but promotions and raises are easy to get and happen pretty regularly
@@ellwaugh8796 protect ourselves from what? We literally had a man running around Sydney this week with a knife and he was stopped by a milk crate. Don't need much to protect yourself when your attacker can't get a gun
Remember that people had that attitude for a lot of American history about a lot of things that make sense today, such as legislating and taxation. It didn't end well for the states under the Articles of Confederation.
Climate change should be decided upon by climatologists, not politicians. Education should be decided upon by educators, not politicians. Science should be decided upon by scientists, not politicians. Economics should be decided upon by economists, not politicians. And so on.
Minimum wage increses are only symbolic. Bernie can screech for $15 an hour all he wants. Sure $15 an hour would be beneficial in some small Mississippi town, but it's nothing to someone living in Los Angeles. Wages should be based on the cost of living in that given city.
Ho, they like expending money, just not their money or unless is something that would benefits theyr interest.Trump try to make the construction of the wall possible, not with his own money, but that think would have his name all over it even if its destroy.Also there is always business in the shadow, take the recent fraud in Argentina, the campaign for very high politicians was founded by construction companies, the same that end up working in the most big and expensive construction in years.Politician use the money of taxes, and if it was wasted, they don't face legal repercussions.
We have the opposite problem in the US. They only time they can agree is when it comes to spending tax payers money and putting future generations in debt.
That's not true, we are $22 trillion in debt. We do not have the money to do what we want. And those that are spending more are fools / will ruin the country. A voluntary exchange of services between two people is none of the governments business. If the two parties agree on an exchange, should they not be allowed to do that exchange?
@@RyanMcCoppin a voluntary exchange between people with equal bargaining power would be one thing, but business owners have much more power here. you can say that businesses that pay too little won't get applications, but if all the jobs you can qualify for won't pay a living wage then where do you go? this is why so many americans are trapped in a cycle of increasing debt, and don't have disposable income to spend on goods which weakens the economy.
And businesses can raise prices and increase inflation by a smaller ammount so you delusional upside downers don't realize you are paying more and it's actually all a wash in the end.
@@SgtJoeSmith if you look at the inflation adjusted value at 2:38, it has been steadily rising. (not just nominally but inflation adjusted rise in minimum wage value)
@@SgtJoeSmith Every country uses fiat currency now so there's always going to be inflation biting away at our wages without any wage increases. It's a net benefit to raise them, no one wants to be making gradually less money over time.
In Norway there is for the most part not a minimum wage determined by law (with the exception of a few work sectores). In stead we have strong unions, with national collective agreements coverings different work sectors, that is negotiatied upon every year. And for the few sectores that has a minimum wage by law, it is tied together with the salarylevel in the collective agreements for that sector. Before the yearly negotiation, an economic panel with representatives from both the state, the unions and employers, get together to make a report that states the expectations for the economy, and give a common understanding of the numbers. The beauty of this is the fact that you don't have to wait for the politicians to agree, and it's secures workers a fair wage and stability for the employers. It is also an important part of why Norway have a higly efficient workforce, with the idea being that high wages makes it less smart for companies to hire people for inefficient jobs i.e. packing grocerybags. But it also sets a minimumstandard, and the philosophy is that if a company can't keep up with the "floor" for that work sector, it will have to shut down. And that frees up a competent workforce for the companies that can keep up. It's called "The Norwegian model" (the nordic model has a lot of the same factors as well), and I highly recomend reading up on it!
Why would I risk my life savings to start and build a business under your economic system? Why wouldn't I move to America and make more money? America is the easiest country in the world to make money in.
@@youtubesucks1499overall profits a business makes in Norway is far above that offered in US, there are plenty of Nordic economists on youtube as well as papers breaking down the Nordic model, maybe look it up before asking questions. You paid for your internet services better use it to educate yourself.
Honestly it just have to do with getting into business and benefit off capitalism, with luck. Other than that if your fate was too be poor then that's life fault. So lets sue god
I don’t know if you’re Canadian or not but I really don’t think you get this. My grandfather had grown up in one of the poor situation as possible on the streets of Birmingham Alabama. Both of his parents left and a sister and brother bullied him, later he found a job and then got offered a hotel that you would pay off with the hotel’s money. He now owns $1 million estate with fortunes of money and to this day he won’t stop working, no matter what. He has gotten skin cancer at least five times. This is an example of the American dream that a lot of left-wing individuals don’t seem to understand or get as they try and force socialism in a country that strives on capitalism
@@floightoficarusw4329 I am an American, I understand the hardships of people in this country, they aren’t in vain. This comment thread was a mix between a joke and an insult, we aren’t denying the achievements of the people who actually did something with their lives, we’re talking about the vast number of bad people in this country.
Transparent Tomato the point was that even a poorer country has steady increases, but you know that. You’re looking for something to get upset over that isn’t there.
The system should be $15 an hour, with like $2 or $3 steps over 2-3 years than unofficially tie it to inflation from there. I personally think we should go about $17 instead since $15 would have been appropriate like 5 years ago.
Raising minimum wage will just cause advancements in "AI and automation" to speed up, due to demand by companies wanting to switch to automation to save money/increase profits.
Nick66 not really , they will switch regardless if they wanted too. Other developed countries have it much higher like Australia and you don’t see any more automation than I see here in the states
15 is too much. Flipping burgers aint worth 15 an hour. Small buisinesses go out of buisness because its so high. 8.75 is good. Maybe 10 but definetly not 15.
There's a metaphor that does a pretty good job of describing the future for new/recent generations. It's something along the lines of the generations before climbing a ladder and kicking it out before the new generations can climb it. Property value inflation, college prices etc. are all things that fit this metaphor. I think it mostly applies to the millennial generation and newer.
The minimum wage is so ridiculous in this country. Everyone has become so accepting of getting paid next to nothing from companies that monopolized the market, while the thought of maximum wage for better distribution of earnings seems absurd? I hate greed
@@thecrippledpancake9455 in restaurants where waiters make approx $2 an hour, the restaurant is required to supplement their paychecks if they ever average out to less than minimum wage. My mom waited tables for 15 years and I waited tables for two, she never made less than minimum wage and neither did I.
Andrew H they have strong unions unlike the US. The unions are able to negotiate high wages for themselves without the government. However in the US unions have been destroyed so a minimum wage is required.
@@blabarspaj_3381 Thank you for the information. I was a bit short on time my self while looking up the facts. Did not even have time to translate the currency.
@@alexj7440 Yes the strong unionisation is key to why minimum wages standard are not needed in Sweden I would say. Since it allows for Employers and Employees to settle it without the involvement of government. So I very much agree with you assertion.
No mention on the ridiculous separate gratuity based minimum wage, and how customers are expected to tip servers to make up their wages rather than tip for excellent service or by their own discretion
The tipping culture is the whole issue. Why should tipping be a thing? It just perpetuates low wages and is a hassle to deal with. In most of Europe and the world if you like the service you get, you come back more often and recommend the place to friends, you don't give charity to people who are working what should be a dignifying job.
@@sethrawbass and? So, according to you it's a way to prove gauge costumers. How is that any better? It's specifically way I referred to by distorting the markets!
The market is growing daily with new strategies and trading opportunity. Financially empowerment is our everyday chase and James Lucas has proven to be part of this mission. his strategy is the best
Wow, the US is really backwards when compared to the developed world then. Just like Norway, Sweden, Finland, Iceland, Denmark, Switzerland, Austria and Italy which is half of Europe. These countries have no minimum wage.
@@merttosya6391 Those countries also have strong unions who are successful in ensuring appropriate wages, and creating a minimum wage would hurt their bargainign power. Stop being intentionally dishonest
The US is really two countries. I work for a technology company, and my quality of life is incredibly good. I make a lot of money compared to most of my friends from growing up. I went to one of the best universities in the world, because my parents could afford it. I have private insurance, but it’s some of the best money can buy. I can go to any hospital in the country with confidence I won’t pay anything. I have like 12 weeks of *paternity* leave through my company. I have pet insurance through my company (I don’t own any pets). I live in NYC. I travel. I even spent a few years in the U.K. when I was younger. Then there’s “Middle America” - many people in Kentucky, or Idaho, or Alabama. They have much lower rates of college education, often because they can’t afford it. A lot are working hourly wage jobs, making $10/hour fixing cars or telemarketing or driving trucks. They have few or no benefits. If they break a leg or something, they go bankrupt. Their politicians are funded by rich donors, and they’ve convinced them that there’s an invasion of immigrants taking their jobs, and that universal healthcare is evil socialism. I’d gladly pay more taxes to help the second class of people. A little helping hand, and they might be able to pull themselves up to my standard of living. They resent me, and insult me. They think I’m elitist. They think I’m the enemy. They say, “if you don’t like America then get out.” I’m living the American Dream. They’re not.
Ben Hansen - If I can get more social programs, sure, that’s kinda the point of my post. On the other hand, are you saying that I should pay more for its own sake, and by that implying I should _really_ want to pay less, and not want social programs? If so that makes no sense. Whether or not to want social programs is a question of values. You’re not going to convince me not to want to help other people.
Problem us your taxes won't help those people get out of poverty. 15 trillion dollars has been spent on the war on poverty, yet poverty is at the same rate it was when the war on poverty began. In fact before the war on poverty began, poverty was declining at a faster rate than after the war was launched.
1930s America: We see this minimum wage thing working in other countries, maybe we should implement our own too! 2019 America: idk if this thing actually works 🤷♂️ *Minimum wage still works in other countries
We were the first nation in the world to implement the minimum wage thanks to Henry Ford. While every other country in the world was trying to invent a better way to blow each other up.
Roan the Delphox how the roles have changed now the US spends 10018x more than any other country in there military and could care less about its crumbling infrastructure
then who would make the decisions ? remember that YOU choose the politicians to make the decisions for you, the population has the government they deserve.
@@danilooliveira6580 No you don't choose. A bunch of people choose and not everyone has the same opinion or is too ignorant to make the right choice if there even was a right choice among the candidates.
It's so annoying when I travel to the US and have to tip to make up for the money that the government won't pay instead of just tipping when it's a good service
if you didn't have too tip then food prices would be higher at a restaurant , thats how most of the world works. Personally I would rather pay more per meal than to have a cheaper meal then have to tip the workers
Food servers at the last two restaurants I worked at were required to "tip out" the kitchen based on sales, accounting for a portion of the kitchens wages. If a table decided not to tip me, I was still responsible for the sales based tip out and the table would actually cost me money.
Well 1. You don't have to tip......2. it's not the government it's the employers. Employers are the ones who decide what to pay their employees. 3. You sound like a "Becky". How many times have you asked to speak to the manager?
Wait, so you’re saying you’re annoyed that the American taxpayer doesn’t pay for people to serve you? Please don’t come back to the states. We already have enough entitled, lazy people.
Another issue is that real state has gone waay up. You should do a graph about that, real purchasing power vs real state prices over time. I can assure you it will be apalling and show the truth of what new generations have to face.
Very true. Where I live, in Madison, WI, the unemployment rate is lower than the state average (which is lower than the national average). But homelessness is a growing problem- I would wager that for just about every bus ride I take, there's at least one homeless person on board.
It's because of permit and zoning laws making it difficult for real estate developers to build more houses. So while the amount of people in the US has increased significantly, the amount of available houses to buy has not.
Maybe not minimum wage, but a fixed proportion of minimum wage. Basically create a bill that would make senator pay something like 6x minimum wage and house 5x. And then set the bill such that the multiplier can't change. If they want a wage boost, it has to come from a minimum wage boost. Then call it the "Congressional Raise Act", word the parts where congress gets a raise clearly, and then go revoltingly absurd in how much political jargon is used on the rest of the bill.
@@webx135 Didn't the founding fathers want Congress to have low wages so that people wouldn't just want the job to get paid? Or maybe not idk I'm Canadian.
@@abdisaniini The democracy as it was first created in Athens stood on the facts that the positions weren't paid. Of course that meant only the rich and elite could actually serve those positions, but at least they didn't run for office for money and actually cared about the people (or were power-hungry maniacs. Whoever Athenians wanted as their leader at that moment).
@@intergalacticalcommiteeofp9807 Thanks for the history lesson! Never knew that, that's really interesting. Wouldn't that would form something of an oligarchy though? It would give politicians/business owners the power to choose their own businesses for government contracts and get even richer.
The U.S. is addicted to free or cheap labor. This is how wealth was established and then maintained over the centuries. MLK spoke at length in 1967 about the "The 3 evils of society" being systemic and institutionalized racism, economic and political exploitation and materialism, and for profit militarism that only benefits wealthy elites and corporations. That 45 minute speech may as well have been written yesterday. Most societal issue can be placed in one or more of these evils.
@@allstarwoo4 No! The left wing and the right wing belong to the same predatory vulture. Most politicians are bought and bound to the will of corporations and wealthy elites. If you think that all of the problems that plague the U.S. are the fault of "the other side", brother you have a lot to learn, and are no better than said Republicans. Who do you know "on the left" that is literally sacrificing their life, liberty, and livelihood to end these evils of society? Who's doing the work and connecting receipts? American history as it applies to liberal and pregeessive radicals, rebels, and revolutionaries is prologue. Anyone that sacrifices their life, liberty, and livelihood and persistently speaks truth to power will be discredited, detained, and eventually destroyed. History is prologue. The right is definitely more overtly aggressive, but the left is equally as complicit, just more covertly. Thus the status quo.
RETiredGM I’m not saying democrats are angels but in this specific case Republicans or more accurately economic conservatives have stagnated minimum wages. Personally on the progressive side I hate the how feminism has gone from equality for women to essentially men must explicitly be inclusive else they be misogynistic.
Here in America Large Corporations Lobby against things like Minimum wage increases, and they have all the money. America will never be a true Democracy until Lobbying(legal bribes) is eliminated, No if and or buts.
Porkchop Sandwiches america was never/ never intended to be a democracy. Founding fathers looked at all the previous democracies like the ancient athenians, and decided that democracy tears its self apart
@@jan_Masewin You mean the dictatorial country which if they wanted could shoot you for going out your house? Plus the death rate in the world for each person with covid is 1/25. In Germany it's 1/21, in the UK its 1/6. In the USA its around 1/32,and that's with a population the size of almost all of Europe. We aren't doing to shabby ay?
Ya because a third world country has the most amount of Nobel peace prizes, the most patents, the largest gdp in the world, the best colleges (according to some indexes top 3) in the world, most Olympic medals, biggest and strongest military in the world and the 3rd highest population in the world. If that makes us a 3rd world country then everyone else is a 4th, 5th, or even 6th world country. We wish you luck and Love from the US ❤️🤞👍
While inflation is helpful, I think a GDP per capita growth tells a more compelling story about how low our minimum wage is compared to the country as a whole. Additionally, there is an argument that doubling minimum wage should result in doubling product's prices. That only makes sense if the product is created solely with minimum wage work. With the huge salary gaps that exist, any inflation caused by minimum wage increase should not "cancel out" the wage increase as many people suggest since so much "value" is created by non minimum wage work, like advertising and managing.
Inflation isn't helpful. It weakens your currency and your GDP. Hurts basically everything. There is no upside. It eats your country from the inside out.
@@jwsjacobs I meant because I don’t wAnt to have to find another job, no one starves in America, every person can get food. In America you also get unemployment benefits. The unemployment in America before COVID was 3.7% and the unemployed were mostly by choice or temporary there’s enough jobs for everyone. And people do starve in Europe when they lose their jobs, I’ve seen it first hand :)
@@gunmetal2435 of course people starve in America, but who? Addicted homeless people? That’s it, that’s no ones fault but themselves. Yea sometimes you see a single mother who’s kids have to skip dinner but that is not starving. And that is their fault for being a single mother with 4 kids with no help unless the father died and that’s obviously no their fault. If you somehow starve in America it’s definitely your fault because if you somehow can’t find a job which is addicted homeless people, you get food everyday at food banks. So don’t call me ignorant when I highly doubt that you’ve lived in Europe and I have
The best thing the U.S. could do is leave the economic and job related issues outside of the hands for politicians. It always gonna be an endless debate over a pay for the least fortunate.
@@mehmeh533 Well it CAN be, sometimes people don’t want to give up some of their smallest freedoms even when it’s beneficial to them and the public. But typically yes, more freedoms can be beneficial.
@@josephpayne113 Are you really gonna take a brave stance against objective reality right now? These people are mocking you because their countries have done well for decades with these proposals and yours is lagging behind.
I think that might be a better idea tbh. The minimum wage in NYC should be higher than in poor rural regions, since it's a lot wealthier and the cost of living is a lot higher.
And, since 1965 we imported primarilly low skilled immigrants to flood the job market and saturate wages to stagnation. Along with importing illegal aliens from around the world but primarilly central America and mexico the last 30yrs 😂
@@NAT-turners-Revenge that's not true at all. The Hart Cellar Act allowed for people with higher degrees and or existing capital. We saw an influx of immigrants due to US destabilization in their regions
I like that the leading country at this graph 3:43 is Colombia. Which has 11 times less gdp per capita than the US and has 27% population living in poverty.
Its all about scale,Small businesses are somewhat less efficient at making money because they dont have multiple stores with the same advertising and brand and everything
@@fietspompje259 because genius they have no problems to pay for it 9dollars an hour is okay but 15dollars they're not gonna hire any teens because it's a loss of money investing into teens and they would cut back their workforce and job opportunity even bernie did this to pay 15dollars to his staff
@@ValerioRhys No he is implying that those born in poverty stricken, developing countries, and desperate situations are as responsible for their situation in life as those born to millionaire and billionaire parents at the top of the social rung.
I used to work in a restaurant, every single time minimum wage increased, the store owner increased the price of every single item on the menu. That’s why no matter how much you raise the minimum wage, they will stay at the poverty line and not be able to afford thing they can afford beforehand. In the same time it diluents mid income earners. (Not a politic major, just saying from personal experience)
The high gas prices are from high gas taxes, and high real estate costs and homelessness is from excessive restrictions on new housing. The minimum wage is not making any of that worse. In fact, even more would likely be homeless without it.
It actually is a fix to a bigger issue. If we fixed our housing problem, taxing, and minimum wages all separately step by step, wed have a better economy. But Since politicians are greedy and so is the rest of the nation, itll keep getting worse
It’s always tickled me to see wealthy politicians argue how impoverished people can’t get a minimum wage increase because of excuses like “the cost of goods will go up”, when we’ve seen reports of How costs have been on the rise, and we can see this ourselves with rent increases alone. Would it stand to reason to increase the wage for people to be able to afford said cost, and wouldn’t business stand to benefit from more people being able to afford buying products, thus creating demand?
all increasing the minimum wage will do is increase unemployment... if your work is above minimum wage they will pay you above. If it’s below then now they won’t hire you.
@@curtisg8399 That's not what he's saying. He's talking about if they raise the minimum wage, wouldn't there be a perpetual cycle of wage raising and prices raising across the US, which probably won't happen, look in other countries. But again US is run by politicians so probably
"How do you plan for that if you own a business?" Answer: Actually pay your employees a livable wage, regardless of minimum wage, then you will NEVER have to worry about it. Also, even when this video was created, minimum wage should have been $20/hr, and now that cost of living has increased so much, it is closer to $30/hr.
Minimum wage in Ontario is around $10.50 USD and is being raised to $11.15. There is a federal minimum wage in Canada, it’s around $8.25 USD, but every single province has set their minimum wage higher than the federal one.
@@zyramus4386 the very simple way I assume or infer the cost of living is I ask the price of gas, milk, and meat products. In California Gas is $4.50-5.10 milk is anywhere from $3-7. If you work an hour you can basically afford gas and a gallon of milk where as I know in Kansas its near $2.85 a gallon of gas and about $2-4 a gallon of milk. the difference is the minimum wage is $7.25 vs California's $13. This is very simplified but you get the idea.
I used to find the minimum wage insulting, it often goes hand in hand with hard physical jobs or service industry. You give your all to the role, work many hours and the employer essential says "i value your time and effort so little i will pay you the bare minimum that i legally have to for your time." You work hard, barely afford your bills and know that you are only valued at that break even level because they have to.... eat the rich!
This is a great point because there is definitely _tons_ of externalized psychological damage that these jobs and their perceived "value" cause to the people that do the work, and to legitimizing their place in that hierarchy as perceived by entrenched business/institutions. It goes hand in hand with this hyper-individualized notion of how society functions and perpetuates that american-dream meritocracy mythos that pervades contemporary american culture.
@Sigma Geranimo i actually currently live in the third world but havnt earnt minimum wage since college. The minimum wage here is about 5 dollars a day which doesn't sound much but in contrast to cost of living its probably better than some US services jobs. Ive never lived in the US so dont know for certain.
@@Pseudynom yeah ive never been to the US but the idea that your wage is dependent on tips is maddness to me, maybe just a cultrual thing but it seems desperstly unfair from all of europes POV!
@Sigma Geranimo i think you are missing my point though, its not so much about the value, but the idea that even though you cant afford to live right now, the manager you are working for would cut your wages the instant they could if they were allowed. I think thats demotivating and an unpleasant way to view people who dedicate their time and effort to the success of your business...
Hmm. Interesting. Having the politicians get paid minimum wage would solve two problems. (a) It would make them care about it and (b) keep the power and money hungry out of the system
would you want to pay 15 dollars for a loaf of bread with a 15 dollar minimum wage because it costs 8 dollars now with tax if you raise the minumum wage prices have to go up because then you would lose profits its basic economics
would you want to pay 15 dollars for a loaf of bread with a 15 dollar minimum wage because it costs 8 dollars now with tax if you raise the minumum wage prices have to go up because then you would lose profits its basic economics
@@covfefe1787 Like you said its basic economics. Then why not put it in the hand of economists and out of the political game? Even if the vast majority of the population doesn't need it, the ones who does would appreciate the politians not using them to make political points with their basic needs.
@@BasicallyMatt in Sweden the unions discuss with a "company assosiaton" (i don't know what it's called in English) about what the sallaries should be. Therefore the state is totally out of the equation. Tecnicaly you are allowed to work for no money, but as slavery is illegal the lovest you could be payed is 1 SEK. The unions and the companies sets their own minimum wage
For those who see Colombia first in the chart and think: "Wow! Colombia is doing really well", lets clarify that this chart compares the minimum wage to the average wage and saddly, the average wage here is really bad.
In my opinion, I think the US need to stop relying on politics to take care of our wages. I feel like the economic officials should be in charge of the wages because there a politics do not know what they’re doing at all but yet the American people lawyers, which are the politics, are just taking advantage of actually the American people they don’t really care if they would care they would’ve raised our wages every single year but now they don’t want to so like I said I feel like the American people should rely on economic officials, then the politics!
Ok 3 different problems: # 1: It is by definition impossible to take this issue out of politician's hands, because anybody who runs for election for a federal office, or really anybody who just simply has a federal office is a politician. Those economic experts you mentioned are politicians. And how would we try to "take this out of the hands of politicians" anyways? Who are these economic experts you are thinking about? Will they be elected? If so, then they are just as good as congress. The problem with democracy is not the people who run for election - it is the voters that choose them. In order to establish a better system with better people, you would need to take control away from the people, which would over time result in tyranny as politicians become less and less concerned with actually benefiting the country. The American system is actually the best because, while we elect representatives democratically or pseudo-democratically, it is those officials that make the decisions, not us, thereby allowing citizens to vote for whoever will get them what they want, without having to be an expert themselves in how to get what they want. # 2: Why is a low minimum wage bad? Maybe it is the rest of the world that gets it wrong and the U.S. gets it right. Just looking at the minimum wage compared to the average wage isn't very telling - you have to look at the big picture. What factors contribute generally to economic security? What impact does the minimum wage have on companies that actually have to pay them? Is there a direct correlation between a higher minimum wage and less poverty? What I think people fail to understand is that wages are part of a balanced equation. Simply increasing the minimum wage, while it may have a short term effect, will do nothing in the long term even if it is periodically and regularly reassessed, because again, companies are in charge of deciding who to employ and what to price things. As minimum wage goes up, prices go up because companies must make money somehow, and even if the minimum wage results in more people getting more money, that money will be devalued because prices will be higher. Raising the minimum wage is no better than printing money and giving it to everyone. It has the same effect - inflation. # 3: This should be a state issue, not a federal one. By the nature of the U.S. and the constitution, while a federal minimum wage is not technically outlawed, I believe the spirit and intent of the constitution would have the states decide the minimum wage, if any exists, rather than the federal government. There is no reason for the federal government to step in here - especially since the U.S. is so incredibly diverse and each state has such a unique and different situation from the others, it should really be decided on a state level, not a federal level. As one congressman said in one of those clips you played, these are "one size fits all" solutions, when the problem of poverty is so complex and different in different states.
Minimum wage is one of the worst policies that hurts the poor the most. Bussinesses just raise their prices to pay minimum wage, people dont get any richer cuz of it, and some people loose their job or dont get hired cuz of it, and everyone includeing those without a job end up having to pay more for goods and services. It shouldnt be a crime for 2 consenting individuals to agree on whatever wage they choose. It would be better to give the poor welfare, and end minimum wage. Without minimum wage there might be more internships, apprenticies, and on the job training. Convince gov to let everyone use an acre of free tax free fertile land to grow a food forest on and live on. End farm subsidies. End tax breaks to farms exsept those who grow healthy vegan food for human consumption exsept no large mono crops. End mandatory school, ged and hsd requirements, age limits, minimum wage, and exsessive regs. People should be able to learn how to do a good job they want so they can afford a house and car before 18. For those who and whos parents cant afford it, chairty (where the donar gets a full non refundable tax credit that carrys over for an unlimited number of years) and or the about 180,000dollars spent on k thru 12 per student could pay for it and trash k thru 12 and some of that money could be used to promote more independence and healthy living.
You also have places that pay low wages along with mandatory over time. I worked in a factory that made us work 14 days straight and one day off. I'm glad I found my new job as a sales manager.
I’d like to see as a follow-up: Social security income is adjusted annually for inflation. It’s called a “cost of living increase” and every recipient gets a letter in December about it. The US government knows how to annually adjust for cost of living increase; it’s already implemented within some federal programs. They just need to apply that same structure to minimum wage. So, why aren’t they?
In my opinion they also need to adjust the federal COLA to match the cost of living, not just barely equal to a national average or something, but to a point where a half decent apartment becomes affordable without having to work two jobs on the side.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
"It doesn't have to be this way" should be the new motto of the US.
Exactly
Except with freedom of speech, freedom of the press, freedom to self defense, having the biggest economy on Earth, having the best medical care on Earth for those who want to pay for better care, the most natural beauty, and protecting the safety and freedom of all 7.7 billion people on Earth today as best we can without infringing on the rights of other sovereign governments.
@@ZachariahMBaird cool story, bro. Tell it again.
@@ZachariahMBaird I found the part about not infringing the rights of other sovereign governments quite funny.
@@ZachariahMBaird yeah, y'all remember when the U.S crashed a satellite on mars due to the imperial system
How to solve most problems in the world: "maybe we shouldn't let politicians deal with It"
" I want all the benefit and the government should take care of all the problems that comes with the benefit. "
@@zenniz1992 I mean, yeah
@@zenniz1992 Sadly, I think it's more like "I want the government to 'guarantee' stuff and I don't really care what problems result - or even enough to find out what they are - if I think I'm getting what I want or it makes me feel better."
No you just need better politicians.
But what do you even expect when one party constantly tries to make it's own government not work anymore and the other is like 70% bought by rich people
Then who would solve it?
Maybe if you pay the politicians minimum wage too, something might change then.
haha yep
the problem is when you increase minimum wage inflation increases
so increasing minumum wage is not our solution for our problem
@@hyabusa1 it's like you were clueless enough to believe the video. That would just create a permanent unemployable class.
@@hyabusa1 Like I said, clueless. So, Captain Non Sequitur, where did you get the asinine notion that anything I said implied a lack of either unemployment or a lack of a minimum wage in this country? Perhaps you should ask the nurse to adjust the dosage to act on the inappropriate laughter. The fact is that minimum wage laws have demonstrably never done anything but harm to workers, resulting only in disemployment (cuts in hours, benefits and training and outright job loss). You would just make that permanent for some people. How compassionate of you!
except that'll just make them more prone to corruption
America: “We’re proud to say that our minimum wage is just like it was 60 years ago.”
@Porcupine like both will do anything.
America (in the real world): "We're proud to say we have among the highest paid workers in the world, where workers have never been better compensated in history, where poverty has fallen to record lows and where the "poor" live better than the middle class in nearly every other country in the world."
@Porcupine no way unless it’s management
Either that or no one wants to work there so they keep raising it
This claim is compleatly true. This is mainly because it is supposed to be like this. The minimum wage is at the same value as what it was, but at a higher dollar amount. I don't understand the problem with this. Just because you were shown a graph at the begining showing it going up does it make people angry because the graph changed?
I agree, the minimum wage must be determined by economic officials and not politicians.
Gotta make sure politicians don't appoint those economic officials.
@@mrbyzantine0528 true
For Once, Vox actually has a good political video, still needs work but they're doing better
I’m not sure you’re ready for that.
43% of economists don’t think there should be a minimum wage and 83% of economist see minimum wage increases as hurting unskilled laborers.
Even if we started raising it by inflation I don't see how that wont just make inflation go up faster in turn. making the minimum have to go up making the inflation go up... And so on, how is that any better? If anything that would be worse.
The us is stuck in the past and can’t get over itself sometimes. It’s ridiculous
Roman Wernsing that’s what I say! America is like stuck in a time warp! We are obsessed with the founding fathers, constitution, history, etc... but it’s all irrelevant!
le Hoarderz Al-Shekelsteins You dont need a gun to be free... You can easily protest and gather the people. Europeans know that a nation cannot run without the peoples support especially since a lot of their Monarchs have collapsed due to outrage. America has only gone through one revolution and I guess you can count the civil war as a revolution. They did require weaponry but that was during the 1600’s. The technology and the political state of the world now it would be unlikely for a power to suppress the people to a degree where they would want to topple the government. Why risks destroying the country to oppress the people?
Body Pillow thank you! Unfortunately because of the fact that your European, most Americans will disregard your opinion which is ridiculous. Most people in the states are so closed minded and backwards
cameron taylor It’s the closest thing we have to an original common culture. A lot of Americans do not want to see their form of culture disappear and be replaced by some knock off trying to keep up with the rest of the world.
tankriley27 If we fail to keep up we will fall from power
The US is like an Instagram influencer who appears to have the perfect life but in real life is using credit cards to pay other credit cards, and still asks its parents for gas money.
End minimum wage to reduce prices
@@bvegannow1936 Are you delusional?
It's mom (Britain) be like:👁👄👁
Little bro (canada) be like: "look mom I got an A+ today"
@@bvegannow1936 Bad idea
If your employer pays minimum wage, just know that your employer would pay you less if it wasn't illegal.
Just unionize lol
You have a choice, you can refuse employment if the job doesn't offer the wage you think you're worth.
@@wayneb1597 and if every job offers you garbage pay then what....
@@jashpaper8370 start your own business.
Except, of course, that claim is pure, unadulterated ignorance. Minimum wage laws have never either raised pay levels or prevented them from falling. In the (abundantly evident) competitive market for labor it is actually impossible to underpay workers. In the absence of a minimum wage, no one currently employed would make less and thse that are rendered effectively unemployable by the minimum would be able to work for only slightly less, gaining job skills and experience making it possible for them to quickly move up.
Pay levels are determined in the marketplace at the full value of the labor services provided. Anyone who doesn't want to make "garbage pay" needs to improve their skill level to the point that their labor services are *worth* more than "garbage pay".
Well I can tell you this for last 34 years the only wage increase McConnell voted for everytime was his own and voted no on every minimum wage increase
McConnell voted in favor of the Fair Minimum Wage Act of 2007 at the very least, so what?
@@nexus1g I'm not sure if I'm supposed to pat you or McConnell on the back or say so what is that all you got in 34 years
Ditch Moscow Mitch and Kremlin Don
290 likes for a lie. This is what's wrong with the world right here.
Daniel Kruger That explains why his state is one of the poorest in the country while he’s making millions of dollars as we speak
Why does the US fall so far behind in so many areas? Healthcare, wages, education, cost of living?
Look up Citizens United. The U.S. allows politicians to be legally bribed by those with vested interest in keeping for-profit necessities going.
Money.
The US has 50 of the world's top 100 universities.
The US has the most expertise and best results in healthcare received.
The US has the best wages given purchasing power.
The cost of living is weird. A $12 million dollar house anywhere near Los Angeles would cost $80,000 outside of Charleston, South Carolina. That's why there shouldn't be a Federal minimum wage, but each city, county and/or state should determine for itself what's appropriate, and that's often the case in the US.
@@randomcommenter8873 More like, if one doesn't fulfill his duty and contribute to society, why should society help him?
Because they're run by corporations
The more I learn about the US the more I wonder where they get the temerity to lecture other world nations on practically anything
Daniel Swarovski Yeah... the “American Dream” is quickly becoming only a dream for everyone that isn’t uber rich... especially because they keep trying “trickle down” tax cuts that are supposed to create new jobs, but most companies just bought back their own stocks and horded their money.
I would link it back to the WW2 and the Marshall Plan.
How do you buy back stocks and hoard money?
@Your Name Here Laughable really, that you think moon landings or even nuclear military might are commensurate with the society's living standards instead of being just egotistical d*ck measuring contests to cover up the wretched underbelly of extortionately expensive healthcare and grossly underfunded schools & other essential social services but carry on ...
@@kewltony is this a serious question?
Please make a series called "What the US gets wrong about...."
Everything. Literally name anything and the US has done it wrong
@@PD-ss6qb We are very skilled and overthrowing governments and then leaving a power vacuum in that country. So...we are good at something
That's basically what John Oliver is doing. 8 seasons later and they still haven't run out of stuff to talk about.
Omg this comment has unfortunately aged perfectly
yeah, because the french economy is just ROARING right now
US minimum wage: stagnates
College prices: Rise rise and rise some more
WhY cAn'T yOu aFfOrD cOlLlEgE?1?
@Arno Saari Because everything is bigger in America!!!
@Arno Saari bureaucracy & corruption mostly
@@lordunhold5381you forgot arrogance.
Arno Saari because the government guarantees student loans. “Oh you need $60,000 for your liberal arts degree? No problem!!”
@@iamcosma7065 That's not true at all, the costs have gone up because state's stop subsidizing their higher education. So in order to maintain revenue they've taken Government Loans, the government provided free education to millions of service members when they got home and there wasn't an issue at all? You know why because the Federal government subsidized the already subsidized higher education in individual states.
Should rename the video "How the US gets everything wrong about minimum wage"
More like "Reasons why politicians should not have any power #1,000,000
A more fitting title would be "How US (at Vox) Got minimum wage wrong"
Contra Dict how is it just at vox if it’s using statistics and facts
There are many ways to manipulate stats. And you can just lie and people can believe you... until there are contradictory statements. Even then, if you hide your contradictory "facts" people with the attention span of a goldfish won't notice.
Fror Firebasher the title is basically the same, that or they decided to change it.
Minimum wage. Employer : I would pay you less but it’s against the law
*You are worth much less than that, I'd be better off getting a more experienced employee so you will never get this wage!
... so I’m going to our source your job to China or Africa
Nyal Burns yes because for you making money 💰 is more important than people or society. You’re a beautiful human being. Karma will get you. Look at Epstein
James Lade what are you saying
Employee: If you don’t offer more I’ll find another job
USA: Earth's Florida
And we've already got real Florida too, it truly can't get any worze
Don’t forget russia
This comment didnt load for a second and I was so confused
😂😂😂
Hahahahaha this is amazing
"maybe the solution to this never-ending debate is to take the decision out of politicians hands."
Wait we can do that?!
Short answer you can’t.
Yes, but only if Donald Trump wants it. So you can't
Never
@@noavanderhoorn2996 no trump has nothing to do with it you cant take the issue of the minimum wage out of politicians hand because its a law made by politicians.
@@youtubesurfer134 Trump is a politician
"It is a crime to live in this rich nation and receive starvation wages." -MLK Jr.
Jonh Smith billionaires like jeff bezos have produced near nothing in hard labor
Jonh Smith if you're born poor, you'll end up going to worse schools due to schools being funded by property taxes. If you end up going to a worse school, you end up learning less. Learning less means that you can't get into a good college if you can even get into college. That means your college degree is worth less and you won't be offered the same jobs as those from better colleges.
Jonh Smith “why can’t people just BUY money??!!?”
@Jonh Smith first of all, you spelled john wrong, second of all that is the most basic name I've ever heard
Okay, so King, a great warrior against bigotry, was an economic illiterate. So? And that Jeff Bezos didn't engage in "hard labor" has no relevance to the enormous amount of value he created (including the opportunities that allow some 800,000 American workers to make their lives better).
If you recognize workers as an important stake holder in a business, instead of a disposable tool for management that'd be a start.
But they aren’t
@@somerandomperson6936 You think it isn't bad for workers to loose their source of income?
Also, many business owners aren't personally liable if their company goes bankrupt. Ever heard of a "LLC"? They assume no personal risk.
@@JesusHChrist2000 Workers are providers of value for which they are fully compensated. They are not a stakeholder in the business any more than your grocer is a stakeholder in your household. He provides you groceries; you fully compensate him for them. End of story. You are operating from at least one completely false premise (that workers are entitled to a source of income) and likely another (that workers are underpaid).
@@FletchforFreedom If a worker believes in the business they work for, derives meaning from doing a good job, and depends on the income to survive, then they are a stake holder.
Just not a SHARE holder.
@@JesusHChrist2000 Ah, no. The chief focus of the company is the customer. Their reason for doing what they do every day (where they derive meaning and what they believe in) is to meet the needs of that customer (for which the customer pays) and on whose patronage the company relies to survive. But the company is *NOT* a stakeholder in the customer. The nature of the relationship between the company and the customer is *identical* to that of the worker and the company.
Any business that depends on minimum wage to generate revenue or profits is a failure.
This 100%
yes but no
Sure, unless it’s a business that doesn’t require skilled workers. Too many people think minimum wage=living wage. If you’re a 35 year old single parent of 3 and you’re still working a minimum wage job, that’s on you. There are plenty of opportunities to learn skills and create value for yourself. Life circumstances don’t determine your pay, it’s your ability to do a job. There are far more people capable of flipping a burger than rebuilding an engine, therefore the latter gets paid more. Learn a skill, make more money. It’s not that hard.
@@asnmvet08 If a business is successful it’s employees deserve a portion of that success. Regardless of how easy or difficult it is to flip a hamburger if you’re hamburger flipping helps a business clear billions of dollars a year, you as a contributing part of that businesses success deserve a portion of those profits that you helped make. No one working for a billion dollar global enterprise should be below the poverty line regardless of skill or position especially when you consider that hamburger flipping is perhaps the most vital task in a hamburger chain. These workers are literally making the companies primary and most necessary product and without them the business would not exist and not profit in any way. While I appreciate and agree with your sentiment about developing skills to succeed the idea that our economy works on that principle is naive. Just use the hamburger example the most award winning and television featured hamburger joints the ones who have been perfecting their recipes and techniques for the last three decades make less in profits in five years than is spent on straws in a week by corporations using untrained staff to sell bottom barrel quality food in the smallest portion for the highest amount they can get away with. Skilled workers suffer from low wages and benefit from high ones. And the only reason so many skilled workers like welders, electricians, masons, and carpenters make as much as they do is because those industries still have strong unions that fight to keep the average wages in those industries rising with inflation. You look back at the wages of those same jobs in the 1920s and you’ll see these workers were paid equally poorly and being told they were just as replaceable as fast food workers currently are.
@@asnmvet08 You know what a McDonals worker earns in Sweden? $22/hr.'
A minimum wage has to be a living wage. You have to rent a normal size apartment, eat normal food and dont work over 40h.
Also, in a system like the US, where your futer wage is determit by where you were born it simply doesnt work to say "learn a skill."
The last time I was this early, you could live comfortably off of minimum wage.
Jonathan Xu do you live like a rat now?
there is no country where you can live "comfortably" off of minimum wage lol. You can "live" and that's it
You can't ever live comfortably off minimum wage cause its minimum
I miss those times.
In 1968 in was $11.65 an hour
US politicians should try living on minimum wage for a month..
Or having to pay for their own health insurance
Or for their tenure.
That's never going to happen 😅😂
Most are millionaires. They could live easily on savings. They don’t understand how the other 99% live.
It's minimum wage it's sopposed to be livable but uncomfortable it's a starting point so you move up and make more money
America in a nutshell right here
"It's such a logical idea. It's done in other countries. It really doesn't make sense why it's not done at the federal level. Like really, it's just politics."
The reason why it is not done at the federal level is by design. The federal government is the weakest part and the more local you go the more power you have. Federal
Josue Balderas lol wrong. The federal gov. can step in whenever
That would be great for Americans. Have a living wage, when I was in america I saw people make 30k a year with no insurance, no paid leave, no parental leave, or sick leave, that is sad to see the most powerful country. No powerful Americans 😔😢
WE ARE U.S. CITIZENS. CITIZENS OF THE UNITED STATES. THE UNITED STATES IS A COUNTRY BUT AMERICA ITS NOT A COUNTRY AMERICA ITS A CONTINENT. THE WHOLE ENTIRE CONTINENT WAS NAME AMERICA 269 YEARS WAY BEFORE THE UNITED STATES BECAME A NATION.
It's sad you think your free having someone tell you can have the day off. If you don't work than nothing gets done.
@@joesullivan3400 people still need days off to rest
@@T404-i9w you earn time off by getting your work done first. When you work for someone your whole life and have to bargain for days off when you want time off, than you are not free.
cool it with your entitled attitude. all of the things you have listed are commodities not rights. those people either choose to work those trash jobs because they're lazy, or don't possess the skills to get a good paying job. nobody has a right to good pay and benefits.
whenever i get a raise, minimum wage goes up.
It’s a common ploy by employers to do that a few months before min. Wage goes up because they want it to seem like they value you specifically as an employee so that you don’t leave, but in reality they will have to raise your pay in a few months anyway
Maybe you should become a better worker
@@k999ford doesnt matter, smart business owners normally give low class workers (cooks, janitors, ect) a raise when something is going to soon change in the economy because those workers are disposable. when one quits you can find another within a couple weeks
Roval Chadoms that is not how min wage works. Lol 😂
@@k999ford Don't mind the economic illiterates nattering at you. The hilariously incompetent notion that employers "set" pay levels and can underpay workers is not only completely contrary to basic economics but has been empirically disproved time and time again. Workers are demonstrably paid the full value of their labor services and the only way that they can improve their compensation (and it works literally every time) is to increase their value or, as you put it, "become a better worker". You can pass Econ 101.
The US is such a weird country. It's so backwards in so many ways, which is weird because of how important they are technologically
modernkennnern fr
You think its an accident? lol I wish I was blissfully unaware enough to say the US is just "weird"
The US also has the largest GDP in the world, so they're doing something right
@@togepreee you still haven't jumped out that little American box
Every country is "backwards" in many ways, its just anything the US is backwards on gets ALOT of attention
"take the decisions out of politicians' hands". That can pretty much apply to everything.
I agree completely. There should be less government, not more government. The government should not set a minimum wage and let the market decide what it is going to pay. If one employer isn't offering enough pay, then move on until you find another one that does. We have the freedom to decide whom we work for.
Almost all fast food restaurants and convenient stores around here have to offer well over minimum wage to find enough employees and they are still understaffed and constantly looking for workers due to turn over.
Except for gun control and speech because we need those two to be controlled by the gov
@@davidsawyer3737 We would maintain all of our rights without a big government. The bill of rights are limit to what the federal government is allowed to do, not individuals. We already have those rights inherently. They do are not granted to us by the Amendments nor the Constitution.
@@GeneJordan I know dude I am libertarian bro I want the smallest gov. Possible I was just being sarcastic and making fun of liberals
@@davidsawyer3737 I see what you meant by that now.
Yah. The politicians need to no longer have controll of minimum wages. This needs to be addressed by employees, unions, businesses, and a group of people that make the decisions.
.... " and a group of people that make the decisions." HAHAHA
You mean, like, elected government representatives ?
@@gustav24-7-52 Lol.
I agree. The government needs to know that they work for us not us working for them. I wonder if we will ever see that change happen?
That sir, is called socialism
In sweden we dont have a minimum wage, we have alot of unions that Apply to different sectors and we have high wages
Same here in Denmark. Everything is negotiated by unions in each field.
American unions were largely neutered in the 80s (thanks a lot, Reagan 🙄), except police unions--those are WAY too powerful
Here in Singapore, we have a minimum wage literally lower than the US and only for cleaning and maintenance workers. And we are considered the most expensive city to live in. There is certainly a problem. One in six of us are millionaires, but being a poor non-Singaporean here is not at all easy. There is universal healthcare, only for Singaporeans. Affordable housing, only for Singaporeans. Subsidised education, (not free, for some reason, the monthly bill is around $20 US, so...) only for Singaporeans. I pity the 40% of people here who get nothing.
Interesting, it’s also interesting to look at Sweden’s tax rates compared to Americans. Someone at $20,008 per year pays 32% taxes in Sweden, but 12% in the US. Looking at the 2020 tax tables, someone in the US wouldn’t pay 32% tax until they hit $163,301.
@@MrTreynolds its also interesting that i can go to the hospital and it only costs me 20 dollars for full treatment. In sweden we dont go into debt because of standard things. 20k per year is also quiet a low wage is sweden as education is free and everyone has a degree.
Fun fact, there’s no minimum wage in Denmark. We have strong unions instead.
That’s not true lol I’m Danish and I get minimum wage
Emil Haugaard yeah, that’s because of the unions...
strong governement renforced unions. There are a reason they are much stronger there than anywhere. And unions impose high wage pretty much everywhere so you have a de facto minimum wage
Same with Norway. Makes the "minimum wages" much more custom to the field of work.
@@Felisitus yeah state-renforced unions is an integral part of the minimum wage for this reason
In the Netherlands, we actually review the minimum wage every half-year, once in January and once in July.
And yet another point to the Netherlands! I hope I can move to Europe within my life time, they know what they're doing.
@@erikrobinson2547 well except minimum wage :P
Now just get the immigration problem in Netherlands sorted out and it will be a livable nation.
@Ray Flo Well I've been to both Europe and Asia so there goes that absurd notion.
@@erikrobinson2547 how about help fix the country instead of running away. You're part of the problem
There's no minimum wage in my country, yet what people get paid at minimum is higher than most of these countries
Strong worker unions.
Unionized worker salaries go brr
@snarl banarl Denmark, Switzerland, Finland
@@hithere5553 A non-politizied Union that bargains with the shareholders or CEOs may help. But what _really_ increases wages with no side effects is _an increase_ in *productivity* (investing in the tools and machines that the workers use).
In most places and times, (political) Unions have forced business to increase salaries without taking care of the presence or abscence of productivity improvements: damaging workers on the long run.
@@clup3136 if wages kept up with productivity the minimum wage would be well over $25/hour in America.
“This is an American sweatshop”
Wow today we just call them McDonald’s
That doesn't make sense
HAHAHA
I'm work at McDonalds as a crew member and earn above minimum wage. Florida's minimum wage is $8.56 and I make $9.70.
Everyone I know who's worked at a McDonald's has actually enjoyed their time there. Maybe it's just Canada, but promotions and raises are easy to get and happen pretty regularly
Nah you’re thinking of prisons
So proud to be Australian. Still can't believe hospitality workers rely on tips instead of getting paid by their employer.
Yeah but you australians lack real freedom. Your gun laws are so strict you can’t protect yourself
Russell Nankervis yea it’s bad
Ell Waugh nothing happens there tho so they are good
@@ellwaugh8796 protect ourselves from what? We literally had a man running around Sydney this week with a knife and he was stopped by a milk crate. Don't need much to protect yourself when your attacker can't get a gun
AND WE WANT IT THAT WAY!
I'm starting to believe alot of stuff would be better if we took it out of politicans hands.
Remember that people had that attitude for a lot of American history about a lot of things that make sense today, such as legislating and taxation. It didn't end well for the states under the Articles of Confederation.
@@TheBrickMasterB That makes zero sense.
Climate change should be decided upon by climatologists, not politicians.
Education should be decided upon by educators, not politicians.
Science should be decided upon by scientists, not politicians.
Economics should be decided upon by economists, not politicians.
And so on.
@@CoyoteGuru then what do politicians do?
@@dinka3668 Aggregate things. When all of this comes together.
Minimum wage increses are only symbolic. Bernie can screech for $15 an hour all he wants. Sure $15 an hour would be beneficial in some small Mississippi town, but it's nothing to someone living in Los Angeles. Wages should be based on the cost of living in that given city.
Politicians don't like spending money. Unless it's on themselves.
Ho, they like expending money, just not their money or unless is something that would benefits theyr interest.Trump try to make the construction of the wall possible, not with his own money, but that think would have his name all over it even if its destroy.Also there is always business in the shadow, take the recent fraud in Argentina, the campaign for very high politicians was founded by construction companies, the same that end up working in the most big and expensive construction in years.Politician use the money of taxes, and if it was wasted, they don't face legal repercussions.
Or on the military and corporations
We have the opposite problem in the US. They only time they can agree is when it comes to spending tax payers money and putting future generations in debt.
and never to fix australia, only on helicopter rides
The US: I have the money to do everything I want.
Also the US: I don't know how to pay my people.
Ezo Lecter The problem people are seeing is that the wage is decided by politicians.
That's not true, we are $22 trillion in debt. We do not have the money to do what we want. And those that are spending more are fools / will ruin the country.
A voluntary exchange of services between two people is none of the governments business. If the two parties agree on an exchange, should they not be allowed to do that exchange?
Greed of the ruling class
@@RyanMcCoppin a voluntary exchange between people with equal bargaining power would be one thing, but business owners have much more power here. you can say that businesses that pay too little won't get applications, but if all the jobs you can qualify for won't pay a living wage then where do you go? this is why so many americans are trapped in a cycle of increasing debt, and don't have disposable income to spend on goods which weakens the economy.
Their is a difference between the government jobs and private companies
In Australia, we raise it by a small percentage every financial year so it doesn't come as a shock to businesses
nice
And businesses can raise prices and increase inflation by a smaller ammount so you delusional upside downers don't realize you are paying more and it's actually all a wash in the end.
@@SgtJoeSmith if you look at the inflation adjusted value at 2:38, it has been steadily rising. (not just nominally but inflation adjusted rise in minimum wage value)
@@SgtJoeSmith Every country uses fiat currency now so there's always going to be inflation biting away at our wages without any wage increases. It's a net benefit to raise them, no one wants to be making gradually less money over time.
same as france
In Norway there is for the most part not a minimum wage determined by law (with the exception of a few work sectores). In stead we have strong unions, with national collective agreements coverings different work sectors, that is negotiatied upon every year. And for the few sectores that has a minimum wage by law, it is tied together with the salarylevel in the collective agreements for that sector.
Before the yearly negotiation, an economic panel with representatives from both the state, the unions and employers, get together to make a report that states the expectations for the economy, and give a common understanding of the numbers.
The beauty of this is the fact that you don't have to wait for the politicians to agree, and it's secures workers a fair wage and stability for the employers. It is also an important part of why Norway have a higly efficient workforce, with the idea being that high wages makes it less smart for companies to hire people for inefficient jobs i.e. packing grocerybags. But it also sets a minimumstandard, and the philosophy is that if a company can't keep up with the "floor" for that work sector, it will have to shut down. And that frees up a competent workforce for the companies that can keep up. It's called "The Norwegian model" (the nordic model has a lot of the same factors as well), and I highly recomend reading up on it!
Why would I risk my life savings to start and build a business under your economic system?
Why wouldn't I move to America and make more money?
America is the easiest country in the world to make money in.
@@youtubesucks1499overall profits a business makes in Norway is far above that offered in US, there are plenty of Nordic economists on youtube as well as papers breaking down the Nordic model, maybe look it up before asking questions. You paid for your internet services better use it to educate yourself.
yeah but no one cares about norway
@@youtubesucks1499 based
Wonder how much Mr. Krabs was paying SpongeBob and Squidward.
"Are you feeling it Now Mr.Krabs!"
~Spongebob~
SpongeBob would do it for free
Spongebob has a house, so a lot ironically.
I remember reading a post about how someone did the math and SpongeBob makes like $1,300 a month
Dennis M it’s a pineapple... under the sea.
I used to dream of living in the US as a child, now I couldn’t think of anything worse. I pity the country and I’m grateful to be European instead.
Same here
Same bro, and I live in Venezuela, much prefer another latin american country
Most news outlets try to show the worse of the U.S. because the thing that makes them money is fear they never show anything positive
@@ser3rm711 is there anything that is objectively false shown in the video?
Go live in Eastern Europe, or south too
"It's called the american dream because you have to be asleep to believe it"
That sounds pretty accurate
Honestly it just have to do with getting into business and benefit off capitalism, with luck. Other than that if your fate was too be poor then that's life fault. So lets sue god
@@ilikefoodcrazy Yeah, I hope he has his lawyers ready.
I don’t know if you’re Canadian or not but I really don’t think you get this. My grandfather had grown up in one of the poor situation as possible on the streets of Birmingham Alabama. Both of his parents left and a sister and brother bullied him, later he found a job and then got offered a hotel that you would pay off with the hotel’s money. He now owns $1 million estate with fortunes of money and to this day he won’t stop working, no matter what. He has gotten skin cancer at least five times. This is an example of the American dream that a lot of left-wing individuals don’t seem to understand or get as they try and force socialism in a country that strives on capitalism
@@floightoficarusw4329 I am an American, I understand the hardships of people in this country, they aren’t in vain. This comment thread was a mix between a joke and an insult, we aren’t denying the achievements of the people who actually did something with their lives, we’re talking about the vast number of bad people in this country.
average costs of living not in hands of politicians. rent times three divided by hundred hours per month
This is a real boomer moment.
the only good boomer is garden mulch.
@Kay boomers are better than millennials
@@marciaosullivan3200 Ok boomer
gen z is the best of them all 😌✨
@@Gee-xb7rt bill nye, danny devito, Morgan Freeman, so on and so forth
Wait, was Costa Rica just used as a good example?
Transparent Tomato
You know it’s bad when they used a crashed economy as a good example
that shows how bad a high minimum wage is
@@taranlarousa3082 or maybe without it they would be at a worst situatio
@@taranlarousa3082 No it doesn't.
Transparent Tomato the point was that even a poorer country has steady increases, but you know that. You’re looking for something to get upset over that isn’t there.
$15 would be a huge jump in a little amount of time, we should increase it gradually at a constant rate. Also take it out of politicians' hands.
The system should be $15 an hour, with like $2 or $3 steps over 2-3 years than unofficially tie it to inflation from there. I personally think we should go about $17 instead since $15 would have been appropriate like 5 years ago.
Raising minimum wage will just cause advancements in "AI and automation" to speed up, due to demand by companies wanting to switch to automation to save money/increase profits.
Nick66 not really , they will switch regardless if they wanted too. Other developed countries have it much higher like Australia and you don’t see any more automation than I see here in the states
ColonelCrisp most politicians, including bernie sanders, only propose gradual increases to $15, not instant.
15 is too much. Flipping burgers aint worth 15 an hour. Small buisinesses go out of buisness because its so high. 8.75 is good. Maybe 10 but definetly not 15.
There's a metaphor that does a pretty good job of describing the future for new/recent generations. It's something along the lines of the generations before climbing a ladder and kicking it out before the new generations can climb it. Property value inflation, college prices etc. are all things that fit this metaphor. I think it mostly applies to the millennial generation and newer.
They pulled the ladder up behind them so that they could climb even higher.
The minimum wage is so ridiculous in this country. Everyone has become so accepting of getting paid next to nothing from companies that monopolized the market, while the thought of maximum wage for better distribution of earnings seems absurd? I hate greed
if people want change they should vote for it on the state level like what happened whith weed in the south western states
@@somerandomperson6936 You do realize that tips are not legal requirements right?
@@thecrippledpancake9455 in restaurants where waiters make approx $2 an hour, the restaurant is required to supplement their paychecks if they ever average out to less than minimum wage. My mom waited tables for 15 years and I waited tables for two, she never made less than minimum wage and neither did I.
And here in Sweden we do not have a minimum wage at all.
(But collective bargaining pretty much set the de facto minimum wage.)
Yes even i support collective bargaining
The thing is sweden has a highly educated population, without many groups of empoverished people that could be exploited
Andrew H they have strong unions unlike the US. The unions are able to negotiate high wages for themselves without the government. However in the US unions have been destroyed so a minimum wage is required.
@@blabarspaj_3381 Thank you for the information. I was a bit short on time my self while looking up the facts. Did not even have time to translate the currency.
@@alexj7440 Yes the strong unionisation is key to why minimum wages standard are not needed in Sweden I would say. Since it allows for Employers and Employees to settle it without the involvement of government. So I very much agree with you assertion.
No mention on the ridiculous separate gratuity based minimum wage, and how customers are expected to tip servers to make up their wages rather than tip for excellent service or by their own discretion
The tipping culture is the whole issue. Why should tipping be a thing? It just perpetuates low wages and is a hassle to deal with.
In most of Europe and the world if you like the service you get, you come back more often and recommend the place to friends, you don't give charity to people who are working what should be a dignifying job.
actually, by law if your tips don't meet minimum wage your employer is required by law to pay out to equal a minimum wage check.
Filipe Saramago you actually get paid more based on tips
@@sethrawbass and? So, according to you it's a way to prove gauge costumers. How is that any better? It's specifically way I referred to by distorting the markets!
@@fgsaramago Restaurant service is realllllly bad in Europe compared to the US. And its because of tipping.
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The US minimum wage is less than a minimum wage for under 16 year olds (equal to 45% of adult rate) in Australia
USD is also worth more than AUD, our minimum wage would be about $11 aud
Everything in Australia is also super expensive...
Wow, the US is really backwards when compared to the developed world then. Just like Norway, Sweden, Finland, Iceland, Denmark, Switzerland, Austria and Italy which is half of Europe. These countries have no minimum wage.
@@merttosya6391 those countries have universal healthcare, mandatory paid vacations, and extremely cheap university. Minimum wage isn't needed
@@merttosya6391 Those countries also have strong unions who are successful in ensuring appropriate wages, and creating a minimum wage would hurt their bargainign power. Stop being intentionally dishonest
The US is really two countries.
I work for a technology company, and my quality of life is incredibly good. I make a lot of money compared to most of my friends from growing up. I went to one of the best universities in the world, because my parents could afford it. I have private insurance, but it’s some of the best money can buy. I can go to any hospital in the country with confidence I won’t pay anything. I have like 12 weeks of *paternity* leave through my company. I have pet insurance through my company (I don’t own any pets). I live in NYC. I travel. I even spent a few years in the U.K. when I was younger.
Then there’s “Middle America” - many people in Kentucky, or Idaho, or Alabama. They have much lower rates of college education, often because they can’t afford it. A lot are working hourly wage jobs, making $10/hour fixing cars or telemarketing or driving trucks. They have few or no benefits. If they break a leg or something, they go bankrupt. Their politicians are funded by rich donors, and they’ve convinced them that there’s an invasion of immigrants taking their jobs, and that universal healthcare is evil socialism.
I’d gladly pay more taxes to help the second class of people. A little helping hand, and they might be able to pull themselves up to my standard of living. They resent me, and insult me. They think I’m elitist. They think I’m the enemy. They say, “if you don’t like America then get out.” I’m living the American Dream. They’re not.
No America is 50 countries 51, with Puerto rico, united in having various federal laws and joint military but still unique in each "country"
You can pay more in taxes if you so wish. The Treasury Department accepts donations.
So Groovy - I don’t think you understand the differences between a confederation, a federation, and a devolved unitary state
Ben Hansen - If I can get more social programs, sure, that’s kinda the point of my post.
On the other hand, are you saying that I should pay more for its own sake, and by that implying I should _really_ want to pay less, and not want social programs? If so that makes no sense.
Whether or not to want social programs is a question of values. You’re not going to convince me not to want to help other people.
Problem us your taxes won't help those people get out of poverty. 15 trillion dollars has been spent on the war on poverty, yet poverty is at the same rate it was when the war on poverty began. In fact before the war on poverty began, poverty was declining at a faster rate than after the war was launched.
1930s America: We see this minimum wage thing working in other countries, maybe we should implement our own too!
2019 America: idk if this thing actually works 🤷♂️
*Minimum wage still works in other countries
We were the first nation in the world to implement the minimum wage thanks to Henry Ford. While every other country in the world was trying to invent a better way to blow each other up.
@@MaelPlaguecrow6942 Now you guys are doing exactly opposite
@@MaelPlaguecrow6942 lol
@@MaelPlaguecrow6942 New Zealand and Australia did it 40 years before the USA.
Roan the Delphox how the roles have changed now the US spends 10018x more than any other country in there military and could care less about its crumbling infrastructure
Living wage is part of operating costs. If a company refuses to pay a living wage then they shouldn't be open
why would a teenager living with their parents need to be paid a “living wage” while working at a job like mcdonald’s or walmart
I think we should keep every decision out of politicians hands
then who would make the decisions ? remember that YOU choose the politicians to make the decisions for you, the population has the government they deserve.
@@danilooliveira6580 No you don't choose. A bunch of people choose and not everyone has the same opinion or is too ignorant to make the right choice if there even was a right choice among the candidates.
@@hphector6 of course I was generalizing, what I meant is that the government is a reflection of the population.
Lol why do you think become politicians. They want to fill their pockets while they rob every blind 'legally'
@@danilooliveira6580 economic experts. Just like in most countries
All you need to know about modern American politics is the maximum political donation is tied to inflation, but the minimum wage isn't
It's so annoying when I travel to the US and have to tip to make up for the money that the government won't pay instead of just tipping when it's a good service
Pop Land you should tip out of courtesy? Nobody is forcing you to compensate for the workers labors
if you didn't have too tip then food prices would be higher at a restaurant , thats how most of the world works. Personally I would rather pay more per meal than to have a cheaper meal then have to tip the workers
Food servers at the last two restaurants I worked at were required to "tip out" the kitchen based on sales, accounting for a portion of the kitchens wages. If a table decided not to tip me, I was still responsible for the sales based tip out and the table would actually cost me money.
Well 1. You don't have to tip......2. it's not the government it's the employers. Employers are the ones who decide what to pay their employees. 3. You sound like a "Becky". How many times have you asked to speak to the manager?
Wait, so you’re saying you’re annoyed that the American taxpayer doesn’t pay for people to serve you?
Please don’t come back to the states. We already have enough entitled, lazy people.
What a lot of people don't know is if the wage goes up, you have more money to spend on items, the more profit goes up and the more workers you need.
not only min wage should be answered, but the basic cost of housing.
too many red tape for building new houses
No, regulating housing prices kills real estate profits
Nice profile pic
Elliot Chong Hokusai is one of my favourite artists
@@danielo4126 -- Sounds good. Reminds me that America needs a house and boarding act.
Another issue is that real state has gone waay up. You should do a graph about that, real purchasing power vs real state prices over time. I can assure you it will be apalling and show the truth of what new generations have to face.
Adjusted for inflation, minimum wage hasn't changed but the the cost of housing has nearly tripled.
Very true. Where I live, in Madison, WI, the unemployment rate is lower than the state average (which is lower than the national average). But homelessness is a growing problem- I would wager that for just about every bus ride I take, there's at least one homeless person on board.
It's because of permit and zoning laws making it difficult for real estate developers to build more houses. So while the amount of people in the US has increased significantly, the amount of available houses to buy has not.
@@dewaldt8104 Supply and demand
@@dewaldt8104
I'm not sure that's the whole story; don't we have more empty houses than homeless people in the U.S.?
If working congress man would be paid only minimum wage, it would go up much quicker.
Maybe not minimum wage, but a fixed proportion of minimum wage. Basically create a bill that would make senator pay something like 6x minimum wage and house 5x. And then set the bill such that the multiplier can't change. If they want a wage boost, it has to come from a minimum wage boost.
Then call it the "Congressional Raise Act", word the parts where congress gets a raise clearly, and then go revoltingly absurd in how much political jargon is used on the rest of the bill.
@@webx135 Didn't the founding fathers want Congress to have low wages so that people wouldn't just want the job to get paid? Or maybe not idk I'm Canadian.
@@abdisaniini The democracy as it was first created in Athens stood on the facts that the positions weren't paid. Of course that meant only the rich and elite could actually serve those positions, but at least they didn't run for office for money and actually cared about the people (or were power-hungry maniacs. Whoever Athenians wanted as their leader at that moment).
@@intergalacticalcommiteeofp9807 Thanks for the history lesson! Never knew that, that's really interesting. Wouldn't that would form something of an oligarchy though? It would give politicians/business owners the power to choose their own businesses for government contracts and get even richer.
Ya but that could promote corruption cause you got this power but not exactly a comfortable salary
Honestly, at this point, I think politicians can't even decide what to make for breakfast without having a massive debate about it with themselves.
The U.S. is addicted to free or cheap labor. This is how wealth was established and then maintained over the centuries.
MLK spoke at length in 1967 about the "The 3 evils of society" being systemic and institutionalized racism, economic and political exploitation and materialism, and for profit militarism that only benefits wealthy elites and corporations. That 45 minute speech may as well have been written yesterday.
Most societal issue can be placed in one or more of these evils.
Prison labor makes a lot of money for so many as well. Great system for the greedy
Well specifically Republicans like cheap US labor .
Meanwhile America's the richest country on Earth and the Americans the richest people
@@allstarwoo4 No! The left wing and the right wing belong to the same predatory vulture. Most politicians are bought and bound to the will of corporations and wealthy elites. If you think that all of the problems that plague the U.S. are the fault of "the other side", brother you have a lot to learn, and are no better than said Republicans.
Who do you know "on the left" that is literally sacrificing their life, liberty, and livelihood to end these evils of society? Who's doing the work and connecting receipts?
American history as it applies to liberal and pregeessive radicals, rebels, and revolutionaries is prologue. Anyone that sacrifices their life, liberty, and livelihood and persistently speaks truth to power will be discredited, detained, and eventually destroyed. History is prologue.
The right is definitely more overtly aggressive, but the left is equally as complicit, just more covertly. Thus the status quo.
RETiredGM I’m not saying democrats are angels but in this specific case Republicans or more accurately economic conservatives have stagnated minimum wages. Personally on the progressive side I hate the how feminism has gone from equality for women to essentially men must explicitly be inclusive else they be misogynistic.
Here in America Large Corporations Lobby against things like Minimum wage increases, and they have all the money.
America will never be a true Democracy until Lobbying(legal bribes) is eliminated, No if and or buts.
Porkchop Sandwiches america was never/ never intended to be a democracy. Founding fathers looked at all the previous democracies like the ancient athenians, and decided that democracy tears its self apart
Thank goodness, this country is not a democracy.
Why does large corporations lobby/bribe politicians on the first place? Because the government dictating the market.
The day congress votes to relinquish control over the minimum wage is the day I'll eat my hat.
You don't own a hat
It's not even Constitutional for them to legislate on wage.
I think Martin Welsh is getting hungry
Does anyone still wear a hat?
"This is Weird "
I think Weirdest is to see that Nobody complains, that's a Good reason to Be burning down Big comporporations.
As a Brit, seeing you Americans debate whether or not a minimum wage would work is hilarious
Jawohl.
U don't have min wage?
As an American its funny seeing the huge mess Brexit has caused and how theres no plan
@@bigboy6191 we do, as well as free health care. I can't fathom why America prioritises business over people.
@@mazzy_vc Well its not just in america its in every country on this planet
Must be so hard to live in a third world country. Thoughts and prayers for the US😢🙏🏻❤️
mTechnopep I would prefer if people did not describe our issues as directly as that, but it still is not great
That’s putting it a bit strong, but it is laughable when you compare the US’s handling of Covid with, say, Vietnam. So much for all that greatness.
@@jan_Masewin You mean the dictatorial country which if they wanted could shoot you for going out your house? Plus the death rate in the world for each person with covid is 1/25. In Germany it's 1/21, in the UK its 1/6. In the USA its around 1/32,and that's with a population the size of almost all of Europe. We aren't doing to shabby ay?
Ya because a third world country has the most amount of Nobel peace prizes, the most patents, the largest gdp in the world, the best colleges (according to some indexes top 3) in the world, most Olympic medals, biggest and strongest military in the world and the 3rd highest population in the world. If that makes us a 3rd world country then everyone else is a 4th, 5th, or even 6th world country. We wish you luck and Love from the US ❤️🤞👍
@@Michaelc-wt8wg the US is a 3rd world country with iPhones and computers
While inflation is helpful, I think a GDP per capita growth tells a more compelling story about how low our minimum wage is compared to the country as a whole. Additionally, there is an argument that doubling minimum wage should result in doubling product's prices. That only makes sense if the product is created solely with minimum wage work. With the huge salary gaps that exist, any inflation caused by minimum wage increase should not "cancel out" the wage increase as many people suggest since so much "value" is created by non minimum wage work, like advertising and managing.
Inflation isn't helpful. It weakens your currency and your GDP. Hurts basically everything. There is no upside. It eats your country from the inside out.
I agree but as a minimum wage worker I am scared of big increases because I could lose my job
Well, in Europe the government would regulate insurances so noone has to starve when they lose their jobs :)
@@jwsjacobs I meant because I don’t wAnt to have to find another job, no one starves in America, every person can get food. In America you also get unemployment benefits. The unemployment in America before COVID was 3.7% and the unemployed were mostly by choice or temporary there’s enough jobs for everyone. And people do starve in Europe when they lose their jobs, I’ve seen it first hand :)
@@eduardoferdinandi3931 people starve in America everyday. This comment is just filled with ignorance
@@gunmetal2435 of course people starve in America, but who? Addicted homeless people? That’s it, that’s no ones fault but themselves. Yea sometimes you see a single mother who’s kids have to skip dinner but that is not starving. And that is their fault for being a single mother with 4 kids with no help unless the father died and that’s obviously no their fault. If you somehow starve in America it’s definitely your fault because if you somehow can’t find a job which is addicted homeless people, you get food everyday at food banks. So don’t call me ignorant when I highly doubt that you’ve lived in Europe and I have
@@eduardoferdinandi3931 you deadass a waste of oxygen
The best thing the U.S. could do is leave the economic and job related issues outside of the hands for politicians. It always gonna be an endless debate over a pay for the least fortunate.
VOX: "... not how it's done in the rest of the world"
MEXICO: *laughs, then cries to sleep*
@cb350f and many countries like Sweden don't even have a minimum wage
And then there's the US....
That sentence works for so many areas.
Yep. Freedom especially.
@@mehmeh533 You mean the obsession of freedom or are you trying to say there’s a lack of it?
@@bonesmalone1034 Freedom is never an obsession my friend. USA Rocks.
@@mehmeh533 Well it CAN be, sometimes people don’t want to give up some of their smallest freedoms even when it’s beneficial to them and the public. But typically yes, more freedoms can be beneficial.
A basic protection for workers: exist
Americans: sOcIaLiSm
Americans: Not destroying our economy
Others: pRoTeCtiOn
@@josephpayne113 Are you really gonna take a brave stance against objective reality right now? These people are mocking you because their countries have done well for decades with these proposals and yours is lagging behind.
@@Oruam1111 Lagging behind how exactly?
@@josephpayne113 lagging behind inflation for example lol
@@ksolb It's strange that you think that 2 free people can't work out an equal agreement between themselves without the government forcing them to.
Studies show, if you pay your employees more, they feel more valued and will do more quality work.
That is so true!
Studies show if you give everyone more money for no reason the total value of money will go down resulting in loss for everyone
@@r3dlavigne why dont you take a pay cut if you care so much about the economy
Marc-Olivier Rodrigue lol
@@r3dlavigne "if we dont let one person hoard all the money, everyone will get poorer" what?
Some cities set their own minimum wages too. Here in NYC, it's $15/hr.
I think that might be a better idea tbh. The minimum wage in NYC should be higher than in poor rural regions, since it's a lot wealthier and the cost of living is a lot higher.
The market wage was about that level anyway for such an expensive place to live. The politicians are really helping (not).
Where I live it's not that populated so its 11.50
Something else happens in the 1970's when the minimum wage dropped off... It became legal to buy politicians.
People have been bought since the romans and before
And, since 1965 we imported primarilly low skilled immigrants to flood the job market and saturate wages to stagnation.
Along with importing illegal aliens from around the world but primarilly central America and mexico the last 30yrs 😂
Also in the 1970's they officially left the gold standard and started inflation on a tear.
@@NAT-turners-Revenge that's not true at all. The Hart Cellar Act allowed for people with higher degrees and or existing capital. We saw an influx of immigrants due to US destabilization in their regions
We also dropped off the gold standard
I like that the leading country at this graph 3:43 is Colombia. Which has 11 times less gdp per capita than the US and has 27% population living in poverty.
People: Yes we're getting minimum wage increase.
Large businesses: Eh I'll just cut back on workforce and add more to their routine.
Well funny thing is Large businesses actually benifit the most because minimum wage hikes starve out litte businesses competition
Its all about scale,Small businesses are somewhat less efficient at making money because they dont have multiple stores with the same advertising and brand and everything
If buisinesses could cut back on their workforce, they would have already done so.
@@fietspompje259 because genius they have no problems to pay for it 9dollars an hour is okay but 15dollars they're not gonna hire any teens because it's a loss of money investing into teens and they would cut back their workforce and job opportunity even bernie did this to pay 15dollars to his staff
@@AyoPapiiKs not sure what your point is here?
In Canada it’s 14 dollars, not bad tbh.
$9.50/hr equivalent if converted to USD at PPP
Its not nationally consistent, each province and territory has their own minimum wage. The lowest is $8.25 USD and the highest is $10.93 USD
"It's their fault for being poor"
Ben Shapiro
great argument
Who?
Are you implying that people never create poor financial decisions?
I will have to agree with this statement actually....
@@ValerioRhys No he is implying that those born in poverty stricken, developing countries, and desperate situations are as responsible for their situation in life as those born to millionaire and billionaire parents at the top of the social rung.
I used to work in a restaurant, every single time minimum wage increased, the store owner increased the price of every single item on the menu. That’s why no matter how much you raise the minimum wage, they will stay at the poverty line and not be able to afford thing they can afford beforehand. In the same time it diluents mid income earners. (Not a politic major, just saying from personal experience)
Thank u for bringing common sense to the disscusion
The minimum wage doesn’t go up that often..... how long you been working there?
@@thecrippledpancake9455 3 years, minimum wage raised twice during the time period.
@@thecrippledpancake9455 State minimum wage increases much more than federal unfortunately
I worked at a restaurant and I never ate at the place I worked. What the restaurant produces wasn't something I needed.
0:21 When Your Think The Minimum Wage Increased
0:36 When You Found Out It Actually Decreased.
0:36 is when you found out the wage never increased since the 80s.
I live in Washington: High Gas Prices, High Real Estate Costs, Thousands of Homeless People. Minimum Wage isn’t the easy fix some might think it is.
There is more going on in the economy besides "minimum wages", it's just part of the problem.
The high gas prices are from high gas taxes, and high real estate costs and homelessness is from excessive restrictions on new housing. The minimum wage is not making any of that worse. In fact, even more would likely be homeless without it.
It actually is a fix to a bigger issue. If we fixed our housing problem, taxing, and minimum wages all separately step by step, wed have a better economy. But Since politicians are greedy and so is the rest of the nation, itll keep getting worse
hahahaha if you think washington has high gas prices .... you never seen non us gas prices
It’s always tickled me to see wealthy politicians argue how impoverished people can’t get a minimum wage increase because of excuses like “the cost of goods will go up”, when we’ve seen reports of How costs have been on the rise, and we can see this ourselves with rent increases alone. Would it stand to reason to increase the wage for people to be able to afford said cost, and wouldn’t business stand to benefit from more people being able to afford buying products, thus creating demand?
all increasing the minimum wage will do is increase unemployment... if your work is above minimum wage they will pay you above. If it’s below then now they won’t hire you.
@@curtisg8399 That's not what he's saying. He's talking about if they raise the minimum wage, wouldn't there be a perpetual cycle of wage raising and prices raising across the US, which probably won't happen, look in other countries. But again US is run by politicians so probably
Well, increase labor cost and a business has to absorb that cost.
"How do you plan for that if you own a business?"
Answer: Actually pay your employees a livable wage, regardless of minimum wage, then you will NEVER have to worry about it.
Also, even when this video was created, minimum wage should have been $20/hr, and now that cost of living has increased so much, it is closer to $30/hr.
Bro take an economics class 💀💀
Spoken like someone with 0 entrepreneurial mindset
Minimum wage in Ontario is around $10.50 USD and is being raised to $11.15. There is a federal minimum wage in Canada, it’s around $8.25 USD, but every single province has set their minimum wage higher than the federal one.
That is very similar to America. How does that work for your cost of living and everything?
Isnt it like 14.25 now in 2021?
@@zyramus4386 the very simple way I assume or infer the cost of living is I ask the price of gas, milk, and meat products. In California Gas is $4.50-5.10 milk is anywhere from $3-7. If you work an hour you can basically afford gas and a gallon of milk where as I know in Kansas its near $2.85 a gallon of gas and about $2-4 a gallon of milk. the difference is the minimum wage is $7.25 vs California's $13. This is very simplified but you get the idea.
danilo kavanagh Pretty sure that’s in Canadian dollars, not US dollars.
@@fireserpent9854 Oh yeah i didnt see it
I used to find the minimum wage insulting, it often goes hand in hand with hard physical jobs or service industry. You give your all to the role, work many hours and the employer essential says "i value your time and effort so little i will pay you the bare minimum that i legally have to for your time."
You work hard, barely afford your bills and know that you are only valued at that break even level because they have to.... eat the rich!
Restaurants in the US to their waiters: "I value you so little I won't even pay you the minimum wage."
This is a great point because there is definitely _tons_ of externalized psychological damage that these jobs and their perceived "value" cause to the people that do the work, and to legitimizing their place in that hierarchy as perceived by entrenched business/institutions. It goes hand in hand with this hyper-individualized notion of how society functions and perpetuates that american-dream meritocracy mythos that pervades contemporary american culture.
@Sigma Geranimo i actually currently live in the third world but havnt earnt minimum wage since college. The minimum wage here is about 5 dollars a day which doesn't sound much but in contrast to cost of living its probably better than some US services jobs. Ive never lived in the US so dont know for certain.
@@Pseudynom yeah ive never been to the US but the idea that your wage is dependent on tips is maddness to me, maybe just a cultrual thing but it seems desperstly unfair from all of europes POV!
@Sigma Geranimo i think you are missing my point though, its not so much about the value, but the idea that even though you cant afford to live right now, the manager you are working for would cut your wages the instant they could if they were allowed. I think thats demotivating and an unpleasant way to view people who dedicate their time and effort to the success of your business...
Living in Australia, this is mind-blowing.
I'm sure everything is. Don't worry pretty soon China won't let u know anything.
Minimum wage needs to be tied directly to congressional compensation.
Hmm. Interesting.
Having the politicians get paid minimum wage would solve two problems.
(a) It would make them care about it and (b) keep the power and money hungry out of the system
Most things should be taken out of politican's hands. Like their $ 😂
Wages should be set by supply and demand, not politicians.
would you want to pay 15 dollars for a loaf of bread with a 15 dollar minimum wage because it costs 8 dollars now with tax if you raise the minumum wage prices have to go up because then you would lose profits its basic economics
would you want to pay 15 dollars for a loaf of bread with a 15 dollar minimum wage because it costs 8 dollars now with tax if you raise the minumum wage prices have to go up because then you would lose profits its basic economics
@@covfefe1787 Like you said its basic economics. Then why not put it in the hand of economists and out of the political game? Even if the vast majority of the population doesn't need it, the ones who does would appreciate the politians not using them to make political points with their basic needs.
Stephane Cote ECONOMISTS ARE POLITICIANS. Seriously the right answer there is let the market do it
In sweden we dont have minimum wage. We have a completely different system.
What system do you have?
@@BasicallyMatt america should try it its called a free market
@@BasicallyMatt in Sweden the unions discuss with a "company assosiaton" (i don't know what it's called in English) about what the sallaries should be. Therefore the state is totally out of the equation. Tecnicaly you are allowed to work for no money, but as slavery is illegal the lovest you could be payed is 1 SEK. The unions and the companies sets their own minimum wage
Hopes this makes sense as i am not that good on buerocratic English and its terminology
@@twgok3162 it's called Trade unions
For those who see Colombia first in the chart and think: "Wow! Colombia is doing really well", lets clarify that this chart compares the minimum wage to the average wage and saddly, the average wage here is really bad.
In my opinion, I think the US need to stop relying on politics to take care of our wages. I feel like the economic officials should be in charge of the wages because there a politics do not know what they’re doing at all but yet the American people lawyers, which are the politics, are just taking advantage of actually the American people they don’t really care if they would care they would’ve raised our wages every single year but now they don’t want to so like I said I feel like the American people should rely on economic officials, then the politics!
Ok 3 different problems:
# 1: It is by definition impossible to take this issue out of politician's hands, because anybody who runs for election for a federal office, or really anybody who just simply has a federal office is a politician. Those economic experts you mentioned are politicians. And how would we try to "take this out of the hands of politicians" anyways? Who are these economic experts you are thinking about? Will they be elected? If so, then they are just as good as congress. The problem with democracy is not the people who run for election - it is the voters that choose them. In order to establish a better system with better people, you would need to take control away from the people, which would over time result in tyranny as politicians become less and less concerned with actually benefiting the country. The American system is actually the best because, while we elect representatives democratically or pseudo-democratically, it is those officials that make the decisions, not us, thereby allowing citizens to vote for whoever will get them what they want, without having to be an expert themselves in how to get what they want.
# 2: Why is a low minimum wage bad? Maybe it is the rest of the world that gets it wrong and the U.S. gets it right. Just looking at the minimum wage compared to the average wage isn't very telling - you have to look at the big picture. What factors contribute generally to economic security? What impact does the minimum wage have on companies that actually have to pay them? Is there a direct correlation between a higher minimum wage and less poverty? What I think people fail to understand is that wages are part of a balanced equation. Simply increasing the minimum wage, while it may have a short term effect, will do nothing in the long term even if it is periodically and regularly reassessed, because again, companies are in charge of deciding who to employ and what to price things. As minimum wage goes up, prices go up because companies must make money somehow, and even if the minimum wage results in more people getting more money, that money will be devalued because prices will be higher. Raising the minimum wage is no better than printing money and giving it to everyone. It has the same effect - inflation.
# 3: This should be a state issue, not a federal one. By the nature of the U.S. and the constitution, while a federal minimum wage is not technically outlawed, I believe the spirit and intent of the constitution would have the states decide the minimum wage, if any exists, rather than the federal government. There is no reason for the federal government to step in here - especially since the U.S. is so incredibly diverse and each state has such a unique and different situation from the others, it should really be decided on a state level, not a federal level. As one congressman said in one of those clips you played, these are "one size fits all" solutions, when the problem of poverty is so complex and different in different states.
You need more likes my friend god bless
Minimum wage is one of the worst policies that hurts the poor the most. Bussinesses just raise their prices to pay minimum wage, people dont get any richer cuz of it, and some people loose their job or dont get hired cuz of it, and everyone includeing those without a job end up having to pay more for goods and services.
It shouldnt be a crime for 2 consenting individuals to agree on whatever wage they choose.
It would be better to give the poor welfare, and end minimum wage.
Without minimum wage there might be more internships, apprenticies, and on the job training.
Convince gov to let everyone use an acre of free tax free fertile land to grow a food forest on and live on.
End farm subsidies. End tax
breaks to farms exsept those who grow healthy vegan food for human consumption exsept no large mono crops.
End mandatory school, ged and hsd requirements, age limits, minimum wage, and exsessive regs.
People should be able to learn how to do a good job they want so they can afford a house and car before 18.
For those who and whos parents cant afford it, chairty (where the donar gets a full non refundable tax credit that carrys over for an unlimited number of years) and or the about 180,000dollars spent on k thru 12 per student could pay for it and trash k thru 12 and some of that money could be used to promote more independence and healthy living.
You also have places that pay low wages along with mandatory over time. I worked in a factory that made us work 14 days straight and one day off. I'm glad I found my new job as a sales manager.
Exactly. Got a new job. That is the correct answer. Congratulations.
Was you forced to work there?!
No
Then you chose it yourself
@@bassam_salim as if it’s that easy to just magically find a job that is easy work and pays a livable wage. Y’all are spoiled.
I’d like to see as a follow-up: Social security income is adjusted annually for inflation. It’s called a “cost of living increase” and every recipient gets a letter in December about it. The US government knows how to annually adjust for cost of living increase; it’s already implemented within some federal programs. They just need to apply that same structure to minimum wage. So, why aren’t they?
you mean they already did the math and could copy paste results ?
In my opinion they also need to adjust the federal COLA to match the cost of living, not just barely equal to a national average or something, but to a point where a half decent apartment becomes affordable without having to work two jobs on the side.
Thanks for the educational video! I didn't know about this before, but this video has piqued my interest.