I just realized we should all send Matt Walsh a bill for watching his video because he used up our time and we decided his wasting our time was worth whatever value we decide because he taught us we call all use bullshit to make arguments seem real :)
Peter from Office Space: It's a problem of motivation, all right? Now if I work my ass off and Initech ships a few extra units, I don't see another dime; so where's the motivation?
@@DumbAsh00 That’s because we’ve entered the “the science cannot be questioned” era. News flash….. Science is the intentional practice of questioning common belief.
To be fair, the average net profit was $150,000 per franchise as of 2013. Not an insignificant amount but the franchisee, who has to cover labor, isn’t making nearly what any of the corporate officers is.
@@jkholtgreve I imagine that just means the higher ups would have to take a pay cut and suck less money from the franchises if they want them to stay in business.
Mcdonald's brings in too much money to not pay they employees, they are cheap. They dont even train u really so they don't spend money taking u in ,aslo most the time u pay for the uniforms. ....i would never go back to fast food and i have really been in some hard stops but i never will go back. Every job that pays more is much less stress then that place
@@jkholtgreve What expenses are included in net profit? Are owner salaries included? Typically a franchisee would take some amount of salary from the business if only for tax reasons.
So true.. Your over value that you create for the company is called *profit* If employers paid exactly what you were worth to workers then companies would never see a profit. I think Sam Sedar should go back to school so you could learn economics. Though knowing him. .he'd probably argue with his professor and quit the same day
@@namewithheld7835 Are you stupid? No one said that workers should get all the profit. What was said is that if the productivity of the workers increases so should payment (they didn't even say that it should be at the same rate) So, it really is you that should take a class on economics.
Fluffy Bunny Unless you are the CEO of a wealthy corporation... Then you get paid hundreds of times what you're worth! Otherwise you get paid sweatshop wages and are told to suck it up. I think it is pathetic what the average worker in the U.S. is paid and downright obscene what CEOs are paid. Uggghhh. Don't get me started on what professional athletes "earn".
@@hmaster24 I don’t think it’s their business. If the do know it fine but they aren’t entitled. They are entitled to the wage that they agreed to for their service.
@@hmaster24 I think people decide what they’ll accept based on the amount of effort or labor it will take to complete the task. Of course you should do as much research as possible on wages and profits in your desired field to protect yourself
@RUclips is highkey garbage can't believe I forgot about that. I saw a documentary on Adderall abuse in the financial sector. People literally pulling back to back all nighters and winding up in the hospital just because they're afraid to say no to the boss.
This is only the reality for disposable people without education. Which is probably all of you leftists. Matt's rule applies to 95% of the population who is intelligent enough to get a degree. The rest of you retards will need to keep shoveling coal
@@bradchristy8429 i agree that he was wrong about a lot. but the quote posted by the original poster is quite correct. nobody who works 40 hours a week or more should depend on welfare. nobody should need to work more than 40 hours a week. people need rest and recreation and quality time with their kids.
sabin97 And, again.... FDR was wrong. Labor is a commodity. Just like milk, gas, and any other widget you spend your money on. Do you think it appropriate that the State dictate that you pay more for these commodities than they are on the shelf for? No? Then why do you think it appropriate to the State to force employers to do what you would refuse to do your self? Workers dictate wages, just as consumers dictate shelf prices. The market always rules. Even in the face of government overreach. And the most vulnerable suffer. Besides.... The only true minimum wage is ZERO. So long as employers have the option of not hiring, the only real MW will always be zero. If a position is worth $10/hr to an employer, and MW goes from $8/hr to $12/hr, then those making $10/hr will ho from making $10/hr to making $0/hr. Yay, minimum wage......!
No just a whole lot more than you. I always find it funny when someone who is no where near as successful in life acts as if they can say stuff like that like wtf are you 😂.
I worked as a junior designer full-time for free (except 3 mos. in the summer, when I recieved $9 CAD/hr) at one of the top 5 design firms in Canada. I did this for 3 years while I was also going through university. When I asked to ACTUALLY get paid, the response was 'do you know how many people would KILL to have your job?'. Then one day, my account manager accidentally attached a client invoice for my work to a brief. They were charging $140/hr for my work. That was the day I quit.
@@judedesaubin9956 - At the minimum wage level of work, value is decidedly decided by how little the employer can get away with paying the employee. Minimum wages are designed to chop that greed at the knees and provide a fairness for the common good. And I do believe it is a common good not to have a bunch of poverty stricken "employees" slaving away for the single-mindedly greedy profit motive of corporations. By "greedy" I am not alleging some random gripe against corporations. Rather, It is their fiduciary responsibility to pay their workers as little as possible in order to maximize profits for their financial stakeholders, owners/investors. That is why it is necessary to implement minimum wages to reign in that mandatory greed required of the corporate entity and share an equitable portion of their productivity with each employee who the company has already decided is worth enough to them to hire in the first place.
What this beardo says in defense of capitalism is analogous to clerics defending feudal nobility with 'holy authority'. "Folks, you get the rations that god decided you get. Stop sinning"
Pretty much. That has always been the universal fallback of the status quo warriors across the eras. Too bad the masses either 1. Don't know history or 2. Can't extrapolate shit from it.
I heard somewhere that McDonald’s is actually a real state company more than a restaurant franchise because most of its revenue comes from the properties.
What you are not understanding is that since Mcdonald's offers compensation in exchange for people making and selling those burgers that there will always be people who will voluntarily work there. The skill level and education level may change but they will always have workers. Secondly if Mcdonald's can figure out an economically feasible way to do business completely automated they absolutely will, and then there will be no jobs for entry level unskilled workers. The ones who most desperately would need that type of work.
@@ronaldlake1031 And what you're not understanding is that McDonalds wouldn't be the corporation it is today without the workers. "there will always be people who will voluntarily work there" Nobody wakes up and says "I want to work at McDonalds", people work at McDonalds because there aren't any other options for them besides starving to death. And corporations continue to get away with treating employees like shit because they know there is always another desperate person around the corner.
Everything isn't all or nothing. It's true that a company has to make money off an employee's labor. There would be no reason to hire him otherwise. The right wingers have quite a few good points on this topic. However, the bottom line is that the power of the powerful has to be regulated. Otherwise greed will run amuck. We have had plenty of examples throughout history. It isn't theoretical. The right winger will completely ignore this, because the truth of something is entirely dependant on what you want to believe.
I’ve worked in several industries at varying levels of management and responsibilities. Being a like cook at McDonald’s is still by far the hardest job I’ve had ever had in my life
The trades have it quite easy sometimes. But every man who works the trades acts like they do the hardest God damn work on the planet. After working with these guys and being in the trades for about 3 years now, fast food was the most fast paced job I've ever worked. And easily the most exhausting, only second to my current position as the only pool technician for an entire water park. And this job only sucks because I'm supposed to have 5 other technicians working with me. I worked almost just as hard with a fully staffed kitchen
@@SeanLaMontagne working on peoples power lines was easier than working at a wingstop on weekends. So it bugs me when people shit on fast food workers when they’re busy
Never worked in fast food but did wait tables for a couple of years as a casual. Not an easy job! Remembering ~80 different table numbers (which were numbered differently by each chef), checking on all your tables in time, remembering how long everyone has been waiting, getting yelled at by habitually grumpy chefs, being at the bottom of the pack. Not too bad on quiet nights but as hard as any job I've had on the busy ones. I definitely think people who shit on people in some of these low paid jobs either never had to work them or can't remember them.
If you're worth zero to an employer, you never become an employee. Also, isn't it weird that wages are so similar across all varieties of jobs? If wages were directly linked to productivity, this wouldn't be the case.
Holy shit you are fucking stupid look up marginal revenue productivity theory of wages and consider what it actually means in depth before posting this horseshit of a comment
pretty obvious your not being paid what your worth when you make 8-9 dollars an hour and your boss tells you you cant take time off to let the skin on your feet heal you should take some pain killers...
@@TomFooleryShow Dude... The reason the capitalists make money is because they extract value from what YOU should be earning. Capitalism is designed around extracting labor value from the workforce...
@@TomFooleryShow yeah, wages shouldn't be dictated by what you -nee- sorry "want," (because as we all know not working with bleeding feet is a luxury!) it should always be dictated by the billionaire pedophiles who control basically everything and are killing the planet
Of course they are always trying to reduce costs, as employees are always trying to get the most amount they can. But I find it curious and maybe you could elucidate this for me, why does ANYONE make more than the minimum wage?
Every worker would prefer to receive the full value from their labor, right? But why don't they? Because capitalists own the means of production and the worker doesn't, so the capitalist is exploiting the upper hand he has and is thus forcing the worker to take part in an unequal trade.
Nick Name The capitalist must always generate a surplus profit. That means that the worker is getting stiffed. That’s your surplus labor value getting stolen! Did the big boss do all the work? Did he build the product? No, he just owns the means by which the workers produce and sits on them raking in a profit. Employee ownership and workers councils are the way to go.
@@burbclavefutur1527 I wish co-ops could just peacefully 'outcompete' capitalism, but that's false hope just like social-democracy. Probably the only real way to get Socialism is to seize state power and wield it against the capitalist-class to allow Socialism to take place.
@@alexpersonius3646 Don't need a totalitarian state, just need the common people to rise up together to depose the 1% and the politicians that back them. The capitalists ARE our dictators right now. They should be stripped of their power and made to live like the rest of us.
Isn't that how political internships work? Don't you have to donate your labour away, and in some instances pay to be exploited because if is so "prestigious" position? Got to donate. Pay to work scheme seems to work in DNC.
DNC ISKKK internships are economic training not unlike law school or medical school. You are giving an employer free labor to apprehend skills just as you pay a college a tuition in exchange for an education.
No he's saying if you don't do anything for a company they aren't gonna give you any money, hence that's why people who don't have jobs don't get money
@@michaelsieger9133 Internship at a business after a certain education, or to learn a trade from scratch is training/education. Internship at a presidential campaign or in the fashion industry, is just buying slots to put on your CV. Taking an internship at the campaign of a presidential campaign, or at ralph lauren, then making coffee and changing copypaper, that is not training. That is free labour to do fredo-tasks, that will later be regarded as going to harvard. Something rich people get for their kids. What the harris family did for one of their daughters Maya, the other one did not have the patience, and became a matressworker to get ahead fast. They do not pay minimumwage, they provide no on the job training, do menial tasks that any 16 year old could do. We are talking personal assistents here. Free labour to abuse. If you go to lawschool, you get a degree, if you intern at a law practice, you get a foot in the door. If you work at mcdonalds, you show that you can work, totally different. If you got an internship at a political campaign or at ralph lauren, you show you have connections that might be useful for an amployer, and that you can be used to use your connections. Totally different. And why is it OK for them to pay below minimum wage? Or pay nada? You make excuses without knowing why, you make it reflexive. A socialist would argue against that too, and force them to pay, so they did not just take the richest kid with the best connections doing it for its CV. Giving poor upncomers a chance to get it.
@@brandenkinghorn1166 "hence that's why people who don't have jobs don't get money" So children too young to work should starve to death? The elderly too old to work should starve to death? People who want to work yet are excluded from the workforce because capitalists want to exploit the existing workers they''ve hired?
15$ an hour isn't the value of an employee to the employer, 15$ an hour is the value of someone getting paid to do *anything.* If rent, food, water+electricity, shampoo, and laundry detergent, costs 120$ a day, I need to get paid 15$/hr. for working an 8 hour shift (plus 2/5ths, since I need to cover weekends), and that doesn't change, no matter what I'm doing for a job. I could get paid to shuffle papers around on a desk meaninglessly, and I'd still need that much in wages, or I am going to die, hungry and homeless (Of course, "shuffling papers" usually ends up paying a few thousand times more than that, because reasons).
Best summary of "why a minimum wage?" I've seen. Anyone who doesn't get why we need wage laws needs to read The Grapes of Wrath or The Jungle. Economic libertarians are ignorant, delusional children.
Hey! My daddy shuffled papers needlessly on a desk for 30 years. He only got paid in gumballs and pocket lint, it didn't pay well but it was honest work.
If Sam did not show those charts I would have already known by living long enough to experience it. For example, I worked construction in San Diego in the mid to late 90s. I got 15/hr, and union got 30/hr. Fast forward to mid 2000’s to Virginia where the prevailing wage on a military base is 15/hr. The cost of bread use to be 2/loaf and now it is 4. There’s not much there to argue about.
@@c.holliman1871 USW local... 6 yrs old... ive been there 5. The union came into being after repeated safety issues and everyone took a pay cut in '08, profits came back but pay didn't.
according to his genius "i am worth zero dollars to subway"-analogy, implementing a mimimum wage would mean that subway, along with every other employer, would have to pay him 15$/hour so either his analogy is bs or this guy really has a fundamental misunderstanding of wages.
It doesn't even matter just how abysmally moronic he is. It's the fact that he's a spineless corporate shill that's important. Many people destroying humanity and progress one status quo brainwashing BS at a time, just because "it's their job". And Capitalism just looooves propping up and paying bootlickers.
Steven Hines Ever notice how Leftists always use charts that don’t represent anything like what they are attempting to demonstrate? It’s always feelings and what if scenarios. They simply present the chart, SAY it shows what they want it to show, and disregard what it actually shows. Ah, hypocrisy and misdirection. The hallmark of the Left.
@@nobleradical2158 That chart shows nothing. It is akin to a magic trick. It has you watching one thing, but the truth is somewhere else. What this chart shows is that productivity has increased over time, which is true, and that worker wages has not, which is not true. With the exception of Minimum wage, wages have actually outpaced productivity. Additionally, the productivity the chart references is not created by the MW earners the chart references. In other words, the chart is false, and Sam is lying by using it as a visual to try and propel the falsehood that workers’ income has not kept pace with inflation. Stay confused, for all I care. I’m coping very well thank you. You, on the other hand….
@@bradchristy8429 The chart is talking about minimum wage, not some 'other wages' that have outpaced productivity. Therefore the chart shows that productivity has outpaced minimum wage. What are you on?
What people don't realize, is that if min wages go up slightly for service jobs like McDonald's, Arby's, etcw they won't close down. People still will pay for fast food. What happens is that the CEOs won't get to keep their 50 million dollar jobs and 30 percent bonuses. The pay system is so skewed they can easily cut the fat at the top. And since the whole industry is affected the CEOs can't quit and look for another 50 mm job.
nosuchthing8 funniest part about that, the workers are actually harder to replace with technology than the CEO's. The CEO basically runs numbers and works with statistics, which can easily be replaced by AI. Whereas the employees on the make line would require specific equipment just to equal their work.
Labor cost only makes up a maximum of 30% of the total cost of the food product. Even doubling that would be only an 30% increase in price, so dollar menu is 1.30.
Snivy 87 I'm for raising the wage, but unfortunately, it would be more than that. The farmers who raise the beef would likely have to raise costs to account for wage growth, as would the manufacturing plant, and trucking company. So it might raise costs by 55-70%, while still nearly doubling over half the population's wages. (To any naysayers, that would STILL leave 40% more money to put back into the economy through purchases.)
During high school and college, one of the minimum wage jobs I worked was seasonal and promised a quarter raise each year you returned. I worked there for 6 years and saw maybe a dime raise from $7.25. Employers don't care about you and they *certainly* aren't interested in rewarding your efforts; they're just excited they found a sucker who will work too hard for nothing.
Starting with the assumption that minimum wage is based on value of labor and not that it's literally the least amount of money they can legally get away with paying you is such a smooth brained take
Here is the thing about working for McDonalds... you aren't really getting paid to flip burgers... you're getting paid so that your customer don't have to flip the burgers themselves... so, really, your wages are worth your *customers* time. If a lawyer normally gets paid 120$/hr, and they go to McDonalds because they just don't want to spend 1/2an hour cooking their own burger, that burger is worth 60$ to them (Which is why lawyers go to nice restaurants for a 60$ steak, and middle class moms bring their kids to McDonalds for few 5$ burgers).
18:05 This is horsesh*t. I used to work at Domino's Pizza. The drivers made $7.25 + tips (overall about $15/hour). The CSR's made $7.25/hour and no tips. The level-1 assistant managers made something like $7.75/hour, and each subsequent level up to level 4 made an additional 25 cents per hour. No one made a wage above $8.50 except the General Manager, who made, I forget, somewhere in the ballpark of $1,800/month. Go-getters didn't get pay increases ever. If one CSR was working 3 times as hard as the other one, they made the same. If one driver was working 3 times as hard as the other one, they made the same. There were vast differences in how productive different employees were, and they made exactly the same. Aside from moving up the managerial levels (btw, I refused to become a manager, because I was already making $7/hour more than the managers were, because tips), there was nothing you could do to make higher wages. This is how corporate chains operate. They are not some sort of meritocracy Btw, here's another story. In 2016, I was doing a job and making $49k/year. I got laid off. 2.5 months later, I got hired somewhere else, and was paid $70k/year. While working at this job, I got calls offering $100k/year. It turns out that the exact same person with the same skills doing the same job can make wildly different compensation depending on how greedy, scummy, and/or desperate the employer is. No, you don't get paid exactly what you're worth. You don't get paid what you're worth to the employer. Your pay largely comes from how much they can take advantage of you and to what extent you're in a position to be taken advantage of, which the lower class is always in that position.
Watching the American minimum wage circus from Australia has always been the most bizarre thing, man. The only serious problem with ours is that adult minimum wage doesn't kick in fully from age 15. I never would have worked in high school if I had my time again. Bring back struggle sessions for shills like Matt Walsh. They're worse than worthless to us, they're actively harmful.
i worked at wendys and they wanted me to become an assistant manager just because the gm liked me even tho i didn't work harder than my coworkers and was constantly late lol
i'm convinced by Walsh's argument that we're all employees of every company but producing $0 of value. as of today, i am adding to my resume that i simultaneously work for Microsoft, Google, Facebook, Apple, Amazon, Tesla, Uber, and SpaceX. Up until a few minutes ago i was also working at Latham & Watkins but i've decided that law isn't the path I wish to go down, its just not for me so I had to let them down gently.
His argument is literally that we are employees to all employers, it's just that certain employers don't need our labour at any given moment so we are worth zero to them. And he wrote the notes, set up his studio, recorded and uploaded to RUclips. Truly impressive.
Being able to be replaced by pretty much anyone due to low skill required to do the job does not negate the value of a person's labor to a business. McDonald's does not gain wealth through the mere existence of their brand or even their restaurants, they gain wealth through the value produced by labor performing the duties required to obtain money. If a company takes value produced by that labor for profits and those profits are in the billions of dollars, it is really, really hard to justify paying those employees so little that their basic needs cannot be met without multiple jobs or some other form of assistance. All this guy is doing is devaluing his fellow human beings for the benefit of a system of pure greed that rewards people who don't deserve it.
Demagora No bits not hard at all. Are you going to suggest that McDonald’s should pay double what their beef suppliers are asking? No? Why not? I mean, those beef ranchers REALLY need the money, right? Here’s a suggestion for you. Start a business. Any business. Doing anything. Pay your employees whatever you think they deserve. I’ve got a friend who’s a bankruptcy attorney. He could use the business.
It's just GREED! Walmart made 124billion in PROFITS, yet tax payors supplement there employees with food stamps & housing. Why is this not a problem with a billion dollar company that DAMN SURE could pay there employee a LIVING WAGE! Who could not live with 99 or 100billion in profits, instead of 124B..... I live in Southern Calif, rent anywhere you want to live is at least $1500, just for a 1 bedroom. The house I grew up in is appraised at over 500K. WHAT THE HELL IS $15 an hour going to do??? Gross is $2400 a month, before taxes. Numbers don't lie!!!!
the reality of the situation is more like this: Day 1: Work decently hard, get paid $7.75/hr Day 2: Work super hard, your boss goes "Wait I didn't know you had this in you. That means you must've been slacking off until now. I'm lowering your pay to $5.75/hr unless you can keep working this hard"
The other point is that the minimum wage is meant to say that any human being who is actually working should be worth at least that much to his employer. If not, fire him. It is INSANE that this value is still just barely over $7 an hour after all this time.
I always love when they threaten everybody with the robots. It's like they're pointing a gun at themselves and saying, I'll pull the fucking trigger I swear.
Lol. My mom worked at McDonald's and she worked so hard. Her raise was 20¢. She quit afterwards. She realized there's no appreciation for hard work there. They're not even allowed to give raises bigger than a couple of dimes an hour.
It's perfectly reasonable to tell businesses that if they want access to the US consumer market, then they must be able to have a business model that supports a minimum wage paid to their employees. We, as the government, pay for all sorts of infrastructure, education, security, and legal protection. If you are a business and you want to access this incredibly lucrative market, and you want access to the populations that we educated, then it's perfectly reasonable to say that an employer must be capable of sustaining a minimum wage.
i own a pizza joint. I have 2 employees. 1 employee makes 3 times as many pizzas as the other emplyoee, he cleans faster, serves customers better, and is generally a more producrtve employee. I pay them both the same, minimum wage, because I CAN. Now, explain how I'm paying each of these employee's their "value" to me? It just gest nebulous from there. I can't understand how this can be so confusing to Matt.
That's why we have to have a minimum wage. Why should they pay you $2 when they can pay the other guy $1? Don't be naive. These companies are going to pay you the smallest amount they can get away with no matter how many billions of dollars they have. Pure greed. If these fuckers could get away with it they would pay everyone $0.25 an hour.
@@darksoul479 Your claim that employers will pay their employees the least amount they can is completely unfounded. Only 3% of US workers are paid a minimum wage.
Yes, thank you Jamie. And Libertarianism runs rife with pedantry combined with a complete and total lack of empathy for the poor and/or a complete and total disconnect from the poor. Its absolutely infuriating arguing with libertarians on anything, say, minimum wage when the vast majority of them are white cis males completely oblivious to their white cis male privilege and have never have had to truly survive on minimum wage without a safety net and even if they have that still puts them miles ahead of marginalized groups. Even if they had to start from scratch and survive off minimum wage, that struggle will be nowhere near that of, say, a poor trans woman of color from a family that has been impoverished for many generations, in some cases going al the way back to slavery which still has very real effects for the descendants of slaves, practical negative effects that helps to keep us poor people of color down.
My grandmother was able to buy a home in the 1950s working for minimum wage. That sort of says it all. It essentially says that minimum wage has not kept pace with inflation. In fact wages in general have not kept pace with inflation. Matt Walsh lives in the conservative bubble and will never understand the economics most Americans live through.
I mean... okay. That chart is one thing. However, I work in a manufacturing plant. Automation and better tools increase productivity. Those tools are often expensive and replaced regularly as they wear out. I'm not going to argue that people are underpaid, but rather that taking some random chart and obliterating context isn't viable means of determining anything useful.
@Mesa Black I don’t think Sam is a socialist because he’s not arguing for the people to own the means of production. These graphs just fit his ideological narrative to increase wages. Event though he’s wrong about this, I don’t think he’s a socialist.
Min wage was, as far as I understand it, the min amount to be able to live on. There is NO way the wage now is enough to live on As a side note, colleges are going in the same direction. Look at the adjuncts and how they are treated. People with a masters or more paid a lot less then full timers, with no benefits or job security, has to travel to multiple colleges, work twice as hard for the same pay, and make up almost 75% of college instructors. And these are publicly funded institutions
As someone who’s 18 and works at McDonald’s. Matt is incorrect, literally no one cares if you work hard or not. You only get paid more if you work overnights or if you’re a manager. That’s it.
Walked into subway and told them they owed me $14 (which is minimum wage here) and they told me to get out because I don't work there. Matt said that I'm owed a minimum even if I don't work somewhere....wtf matt
I love the fact that i searched "Matt Walsh idiot" and had to dig for 20 minutes to find any video that wasn't produced by Matt Walsh. RUclips, your political interests are showing. What a joke
I know huh?! How these people talk about how if we make the market as free as possible everything will just magically make a society function best is waaaay more utopian than the basic idea of workers owning the means of production, or even just a more social democratic approach.
Hey Michael, I don't appreciate you dissing North End Motor Sales, my brother got his car from there! ...ok sure the AC stopped working after six months, but still!
I run a business and employ people. I employ truck drivers. Truck drivers are hard to retain and finding a good one is very difficult. I always look for ways to cut costs, but employee wages is not one of them. I have to be very competitive with wages to attract the best people from a small pool of potential employees. If I needed to hire a secretary I would not be in a position to pay such high wages, or janitorial staff; those services are much easier to obtain. If you work an occupation that is easy to recruit and has a large pool to pull from I don’t have to raise wages much beyond the market rate to attract the people I need. This lack of earning potential should encourage you to put yourself in a position that makes you high in demand. The higher the demand for your particular labor the more an employer will pay for your labor. Also, his 1970s graph argument is not correct. In 1971 we left the gold standard completely. Since 1971, real wages have gone down and remained stagnant. That spread is the result of government monetary policy and how it keeps poor people poor, the rich richer, and the middle class stagnant. In 1940s gold was outlawed and seized. He is making the perfect argument for returning to a gold standard and a policy of sound money, and reduced government spending and doesn’t even realize it. By not having a commodity standard of money and deficit spending you reduce real wages.
Sam hit the nail on the head ... employers are not paying wages based on the value employees add, they are paying based on labor scarcity. You can add a lot of value, but if a large number in the labor pool can add that same value your wages will be low.
"Almost anyone could replace him" I hate to break it to Matt that's true of over 90% of jobs. That's how the real world and job world work. Has this guy actually held a job? Doesn't seem like he has.
"He could come to work tomorrow energetic, on the ball, helpful, involved, engaged, on time, ready to work, (you know) making the customers feel good, upselling, doing all this stuff that g... he could do that tomorrow and instantly, just like that, in an instant, he could be worth considerably more than a dollar an hour" And yet the employer would not pay him a cent more than they would if he was none of those things. Seems like this guy is just missing a crucial step in actually understanding how employer-employee relations work.
I think this chart is actually skewed in favour of higher productivity as a function of time because of technological advancement, not an increased production ability of the worker. Generally speaking you’d have a amount produced/number of people and it would give you a number. But now you have machines doing 70% of the work and machines are paid for by the employer. They should be able to assume the savings or increased margin as a result of their investment and innovation. People aren’t suddenly better at work or taking less breaks. On the contrary, people’s value goes up only because of the formula used to calculate it being skewed by machines. Whether the employer is obligated to pass those savings into the workers or keep it himself is the real question and that’s where the lines get blurred
Jesus that guy is infuriating. I worked at retail in my early 20s. No matter how much upselling I did or people I got to sign up for credit cards I didn’t get a raise. No matter how many happy customers I had writing emails about me,I didn’t get a raise. The biggest raise I’d get is a 10¢ raise every year when I had my review. And the goal was always infinite growth. You got 200 people to sign up for credit cards last year? This year let’s shoot for 400! Nothing made my managers happy with my productivity.
Matt Walsh is worth -$200 to me, he now owes me $200 and a $20 transaction fee.
Every bank wants to do this dont give them ideas lol
You forgot to include interest
I just realized we should all send Matt Walsh a bill for watching his video because he used up our time and we decided his wasting our time was worth whatever value we decide because he taught us we call all use bullshit to make arguments seem real :)
Don't forget VAT
LMFAO best comment
Old Russian saying- As long as they pretend to pay us, we will pretend to work.
I like the whole "Boss makes a $1, I get a dime, that's why I poop on the companies time"
Brian Garrow lol
Они делают вид, что платят, мы делаем вид, что работаем
Peter from Office Space: It's a problem of motivation, all right? Now if I work my ass off and Initech ships a few extra units, I don't see another dime; so where's the motivation?
In Russia you don't work job, the job works you.
I miss the time when Walsh was unknown
Same. I feel yucky when I hear/watch him
We all do
Yeah fuck his beard
Ain't that the truth
Oh God, I wish we lived in a world where Matt Walsh was "The Minimum Wage Guy." We had it so easy back then.
Came to the comments to say the same thing after hearing that comment lol
Right! Now he's the "I don't understand science" guy
@@DumbAsh00 Also the "inciting terrorism against a children's hospital" guy. Should be in prison.
@@DumbAsh00 That’s because we’ve entered the “the science cannot be questioned” era. News flash….. Science is the intentional practice of questioning common belief.
@@bradchristy8429 no we haven't. Do you not know what peer review is?
Minimum wage for these high profit companies is their way of saying. "I would pay you less if I could".
Yeah, McDonald's can't afford to pay higher wages. That poor, poor corporation
To be fair, the average net profit was $150,000 per franchise as of 2013. Not an insignificant amount but the franchisee, who has to cover labor, isn’t making nearly what any of the corporate officers is.
@@jkholtgreve I imagine that just means the higher ups would have to take a pay cut and suck less money from the franchises if they want them to stay in business.
Mcdonald's brings in too much money to not pay they employees, they are cheap. They dont even train u really so they don't spend money taking u in ,aslo most the time u pay for the uniforms. ....i would never go back to fast food and i have really been in some hard stops but i never will go back. Every job that pays more is much less stress then that place
@@jkholtgreve What expenses are included in net profit? Are owner salaries included? Typically a franchisee would take some amount of salary from the business if only for tax reasons.
@@jkholtgreve to be fair that's the average. There are franchises especially in major metropolitan areas making 100k per week.
You are never paid what you’re worth, you are paid a fraction of what you earn for the employer.
So true.. Your over value that you create for the company is called *profit* If employers paid exactly what you were worth to workers then companies would never see a profit. I think Sam Sedar should go back to school so you could learn economics. Though knowing him. .he'd probably argue with his professor and quit the same day
Name Withheld, did we listen to the same video?
@@namewithheld7835 without the labor, there would be no product, there would be no "profit". Allowing people to exploit others is not ok.
@@namewithheld7835 Are you stupid?
No one said that workers should get all the profit. What was said is that if the productivity of the workers increases so should payment (they didn't even say that it should be at the same rate)
So, it really is you that should take a class on economics.
Fluffy Bunny Unless you are the CEO of a wealthy corporation... Then you get paid hundreds of times what you're worth! Otherwise you get paid sweatshop wages and are told to suck it up. I think it is pathetic what the average worker in the U.S. is paid and downright obscene what CEOs are paid. Uggghhh. Don't get me started on what professional athletes "earn".
He doesn't do data. He doesn't do evidence, or consensus.
He does talking points.
Reminds me of this gem:”Data is the plural of anecdotes” - Lauren Southern.
And he's not going to respond to the data brought up here, he will return to talking points he's already spewed.
And he does it poorly
Hmmm there's a joke about facts and feelings in here somewhere.....
Right-wing Econ 101 runs on pure theoretical declaration. Evidence has a well-known liberal bias.
I love that Sam mentioned that employees don't know how much money they make for their employer. That's the key.
Really not their business
@@freeindeed8416 how is how much money someone makes for the business they work at not their business? It literally involves them.
@@hmaster24 I don’t think it’s their business. If the do know it fine but they aren’t entitled. They are entitled to the wage that they agreed to for their service.
@@freeindeed8416 But if you don't know the value of what you provide to the business how can you possibly come to a fair agreement on what to be paid.
@@hmaster24 I think people decide what they’ll accept based on the amount of effort or labor it will take to complete the task. Of course you should do as much research as possible on wages and profits in your desired field to protect yourself
Matt Walsh's world: "Work hard and you get paid more"
Reality for everybody else: "Keep up with the hardest working person or you're fired"
also, you all make the same wage and you'll get a ten cent raise each year.
@RUclips is highkey garbage can't believe I forgot about that. I saw a documentary on Adderall abuse in the financial sector. People literally pulling back to back all nighters and winding up in the hospital just because they're afraid to say no to the boss.
This is only the reality for disposable people without education. Which is probably all of you leftists. Matt's rule applies to 95% of the population who is intelligent enough to get a degree. The rest of you retards will need to keep shoveling coal
Or be the hardest working person and still get fired
@@Two-ToneMoonStone That was me!
“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” __FDR, 1933
irrefudiate FDR was wrong about a lot. Like how NOT to prolong a depression.
@@bradchristy8429 - People who lived through it would disagree. He made many mistakes along the way, but ultimately made the right call.
irrefudiate Made the right call in prolonging it? How is THAT making the right call?
@@bradchristy8429
i agree that he was wrong about a lot. but the quote posted by the original poster is quite correct. nobody who works 40 hours a week or more should depend on welfare.
nobody should need to work more than 40 hours a week.
people need rest and recreation and quality time with their kids.
sabin97 And, again.... FDR was wrong. Labor is a commodity. Just like milk, gas, and any other widget you spend your money on. Do you think it appropriate that the State dictate that you pay more for these commodities than they are on the shelf for? No? Then why do you think it appropriate to the State to force employers to do what you would refuse to do your self? Workers dictate wages, just as consumers dictate shelf prices. The market always rules. Even in the face of government overreach. And the most vulnerable suffer.
Besides.... The only true minimum wage is ZERO. So long as employers have the option of not hiring, the only real MW will always be zero. If a position is worth $10/hr to an employer, and MW goes from $8/hr to $12/hr, then those making $10/hr will ho from making $10/hr to making $0/hr. Yay, minimum wage......!
"Because you're using me for COMEDY."
Fixed that for you, Walsh.
Then quit acting the idiot.
@@sheilaghbrosky Sir, this is a Wendy's drive thru.
And Seder pays Matt nothing for this content, proving his argument wrong
I'm going out on a limb here, but I'm guessing Matt Walsh hasn't had a whole lot of real jobs in his life.
No just a whole lot more than you. I always find it funny when someone who is no where near as successful in life acts as if they can say stuff like that like wtf are you 😂.
@@fiacradoyle7474 bro Matt got his start filming himself in his car after losing his low skilled labor job before grifting for DW.
You don't even have to shake his hand to feel the smooth soft palms...
@@fiacradoyle7474 please tell me what Matt walsh has done in life other than be a third string shapiro.
"Fiacra"... and every comment ever on youtube is in defense of a crowder wannabe type or crowder himself. Fake.
I worked as a junior designer full-time for free (except 3 mos. in the summer, when I recieved $9 CAD/hr) at one of the top 5 design firms in Canada. I did this for 3 years while I was also going through university. When I asked to ACTUALLY get paid, the response was 'do you know how many people would KILL to have your job?'. Then one day, my account manager accidentally attached a client invoice for my work to a brief. They were charging $140/hr for my work. That was the day I quit.
This is why we need unions. Things like that have to be made illegal
I hear Michael's voice and my heart pauses. RIP.
I know man. It feels unreal.
Lol his commentary killz! Ahead of his time.
The most unfair loss of a person I can think of. He was the only person I didn’t know, but felt comforted by.
♥️
Too young, man.. he had so much more to offer this world. Truly missed
the people deciding "value" arent biased and are totally honest🙄
@@carminedauria-gupta2561 of course value is decided. but of course not based on merit.
Yeah. Right!
@@judedesaubin9956 - At the minimum wage level of work, value is decidedly decided by how little the employer can get away with paying the employee. Minimum wages are designed to chop that greed at the knees and provide a fairness for the common good. And I do believe it is a common good not to have a bunch of poverty stricken "employees" slaving away for the single-mindedly greedy profit motive of corporations. By "greedy" I am not alleging some random gripe against corporations. Rather, It is their fiduciary responsibility to pay their workers as little as possible in order to maximize profits for their financial stakeholders, owners/investors. That is why it is necessary to implement minimum wages to reign in that mandatory greed required of the corporate entity and share an equitable portion of their productivity with each employee who the company has already decided is worth enough to them to hire in the first place.
At what pont or points do the distinctions between "bear" and "bare" cease to matter?
@@carminedauria-gupta2561 Define "willing."
the nerve of him to call anyone remedial.
What this beardo says in defense of capitalism is analogous to clerics defending feudal nobility with 'holy authority'. "Folks, you get the rations that god decided you get. Stop sinning"
Pretty much. That has always been the universal fallback of the status quo warriors across the eras.
Too bad the masses either 1. Don't know history or 2. Can't extrapolate shit from it.
"Or buy more indulgences. Either one."
@ViciousProphet the structure forming the superstructure
In this case the god is "the market". What the market decides is the holy word.
Time for a revolution.
Here's the obvious counterargument to Walsh's stupid position: how many burgers could McDonald's sell with zero staff?
Zero.
I heard somewhere that McDonald’s is actually a real state company more than a restaurant franchise because most of its revenue comes from the properties.
What you are not understanding is that since Mcdonald's offers compensation in exchange for people making and selling those burgers that there will always be people who will voluntarily work there. The skill level and education level may change but they will always have workers.
Secondly if Mcdonald's can figure out an economically feasible way to do business completely automated they absolutely will, and then there will be no jobs for entry level unskilled workers. The ones who most desperately would need that type of work.
@@ronaldlake1031 And what you're not understanding is that McDonalds wouldn't be the corporation it is today without the workers.
"there will always be people who will voluntarily work there"
Nobody wakes up and says "I want to work at McDonalds", people work at McDonalds because there aren't any other options for them besides starving to death. And corporations continue to get away with treating employees like shit because they know there is always another desperate person around the corner.
@@josebeteta8283 might have been a MatPat video
Everything isn't all or nothing. It's true that a company has to make money off an employee's labor. There would be no reason to hire him otherwise. The right wingers have quite a few good points on this topic. However, the bottom line is that the power of the powerful has to be regulated. Otherwise greed will run amuck. We have had plenty of examples throughout history. It isn't theoretical. The right winger will completely ignore this, because the truth of something is entirely dependant on what you want to believe.
I’ve worked in several industries at varying levels of management and responsibilities. Being a like cook at McDonald’s is still by far the hardest job I’ve had ever had in my life
The trades have it quite easy sometimes. But every man who works the trades acts like they do the hardest God damn work on the planet.
After working with these guys and being in the trades for about 3 years now, fast food was the most fast paced job I've ever worked. And easily the most exhausting, only second to my current position as the only pool technician for an entire water park. And this job only sucks because I'm supposed to have 5 other technicians working with me.
I worked almost just as hard with a fully staffed kitchen
@@SeanLaMontagne working on peoples power lines was easier than working at a wingstop on weekends. So it bugs me when people shit on fast food workers when they’re busy
Never worked in fast food but did wait tables for a couple of years as a casual. Not an easy job! Remembering ~80 different table numbers (which were numbered differently by each chef), checking on all your tables in time, remembering how long everyone has been waiting, getting yelled at by habitually grumpy chefs, being at the bottom of the pack. Not too bad on quiet nights but as hard as any job I've had on the busy ones. I definitely think people who shit on people in some of these low paid jobs either never had to work them or can't remember them.
You were a "like cook" ?
@@dino335 was it really worth leaving this comment to point out an obvious typo? Lol
If you're worth zero to an employer, you never become an employee. Also, isn't it weird that wages are so similar across all varieties of jobs? If wages were directly linked to productivity, this wouldn't be the case.
@@makerstudios5456 Yes because those are the only jobs there are.
Holy shit you are fucking stupid look up marginal revenue productivity theory of wages and consider what it actually means in depth before posting this horseshit of a comment
@@fatpotatoe6039 Hehe. Neoclassical theory is childish. Too many simplifying assumptions. Most serious economists know that.
@@gustav4539 Did I subscribe to neoclassical theory? No.
@@gustav4539 Did you refute the theory? Hell, can you even tell me what it is? No.
pretty obvious your not being paid what your worth when you make 8-9 dollars an hour and your boss tells you you cant take time off to let the skin on your feet heal you should take some pain killers...
So you're saying your wages should be dictated by what you want, and not by... uh... I don't know... the market?
@@TomFooleryShow Dude... The reason the capitalists make money is because they extract value from what YOU should be earning.
Capitalism is designed around extracting labor value from the workforce...
@@TomFooleryShow How do you explain what shareholders do or produce?
They fucking inherited their value. Lmao
@@TomFooleryShow Wages should've adjusted for inflation but it hasnt since the 70s.
@@TomFooleryShow yeah, wages shouldn't be dictated by what you -nee- sorry "want," (because as we all know not working with bleeding feet is a luxury!) it should always be dictated by the billionaire pedophiles who control basically everything and are killing the planet
19:00 cuz employers are always looking for ways to pay more. oh wait no theyre not, theyre always, ALWAYS, looking for ways to pay less.
Almost like the guy has never had a real job.
@@kevin6293 Almost.
Haha
Of course they are always trying to reduce costs, as employees are always trying to get the most amount they can. But I find it curious and maybe you could elucidate this for me, why does ANYONE make more than the minimum wage?
@@iamcosma7065 cuz america is always trying to create strata. to divide people into classes. and to separate whites from non whites.
Troy Walker The Progressive Proletariat way to obfuscate and not answer a simple question. Typical.
How do you determine the worth of a CEO of a business that goes bankrupt? Why do they often get extravagant bonuses?
This is maybe the dumbest argument against a minimum wage this man has no idea how employment works at all. And people believe him lmao
But they won't debate
I feel like most of his views come from the stupid ads he runs anyway
Every worker would prefer to receive the full value from their labor, right? But why don't they? Because capitalists own the means of production and the worker doesn't, so the capitalist is exploiting the upper hand he has and is thus forcing the worker to take part in an unequal trade.
I see someone else understands the LTV. I tip my hat to you!
Nick Name The capitalist must always generate a surplus profit. That means that the worker is getting stiffed. That’s your surplus labor value getting stolen! Did the big boss do all the work? Did he build the product? No, he just owns the means by which the workers produce and sits on them raking in a profit. Employee ownership and workers councils are the way to go.
@@burbclavefutur1527 I wish co-ops could just peacefully 'outcompete' capitalism, but that's false hope just like social-democracy. Probably the only real way to get Socialism is to seize state power and wield it against the capitalist-class to allow Socialism to take place.
@@anaxa4883 It is good to see that you have realized the only way to get the socialist system to work is a totalitarian state.
@@alexpersonius3646 Don't need a totalitarian state, just need the common people to rise up together to depose the 1% and the politicians that back them. The capitalists ARE our dictators right now. They should be stripped of their power and made to live like the rest of us.
"Do you want 0 dollars to do nothing?"
"Yeah!"
this is how that guy views exchange
Isn't that how political internships work? Don't you have to donate your labour away, and in some instances pay to be exploited because if is so "prestigious" position? Got to donate. Pay to work scheme seems to work in DNC.
DNC ISKKK internships are economic training not unlike law school or medical school. You are giving an employer free labor to apprehend skills just as you pay a college a tuition in exchange for an education.
No he's saying if you don't do anything for a company they aren't gonna give you any money, hence that's why people who don't have jobs don't get money
@@michaelsieger9133 Internship at a business after a certain education, or to learn a trade from scratch is training/education. Internship at a presidential campaign or in the fashion industry, is just buying slots to put on your CV. Taking an internship at the campaign of a presidential campaign, or at ralph lauren, then making coffee and changing copypaper, that is not training. That is free labour to do fredo-tasks, that will later be regarded as going to harvard. Something rich people get for their kids. What the harris family did for one of their daughters Maya, the other one did not have the patience, and became a matressworker to get ahead fast. They do not pay minimumwage, they provide no on the job training, do menial tasks that any 16 year old could do. We are talking personal assistents here. Free labour to abuse. If you go to lawschool, you get a degree, if you intern at a law practice, you get a foot in the door. If you work at mcdonalds, you show that you can work, totally different. If you got an internship at a political campaign or at ralph lauren, you show you have connections that might be useful for an amployer, and that you can be used to use your connections. Totally different. And why is it OK for them to pay below minimum wage? Or pay nada? You make excuses without knowing why, you make it reflexive. A socialist would argue against that too, and force them to pay, so they did not just take the richest kid with the best connections doing it for its CV. Giving poor upncomers a chance to get it.
@@brandenkinghorn1166 "hence that's why people who don't have jobs don't get money" So children too young to work should starve to death? The elderly too old to work should starve to death? People who want to work yet are excluded from the workforce because capitalists want to exploit the existing workers they''ve hired?
15$ an hour isn't the value of an employee to the employer, 15$ an hour is the value of someone getting paid to do *anything.* If rent, food, water+electricity, shampoo, and laundry detergent, costs 120$ a day, I need to get paid 15$/hr. for working an 8 hour shift (plus 2/5ths, since I need to cover weekends), and that doesn't change, no matter what I'm doing for a job. I could get paid to shuffle papers around on a desk meaninglessly, and I'd still need that much in wages, or I am going to die, hungry and homeless (Of course, "shuffling papers" usually ends up paying a few thousand times more than that, because reasons).
Best summary of "why a minimum wage?" I've seen. Anyone who doesn't get why we need wage laws needs to read The Grapes of Wrath or The Jungle. Economic libertarians are ignorant, delusional children.
Where did you get the $120 a day number?
Hey! My daddy shuffled papers needlessly on a desk for 30 years. He only got paid in gumballs and pocket lint, it didn't pay well but it was honest work.
Involuntary death from starvation is not an issue in the US
"And then Sam insults me again."
Cue impish laughter from Sam.
Matt "Im prolife but I want to justify death penalty" Walsh
I have no doubt in my mind
Almost as nonsensical as being pro-choice and against the death penalty... according to your logic.
@@alexpersonius3646 Who are you talking to?
@@PapaSmurf11182nd The human being that is reading this comment thread.
Pro life is about babies. But you knew that already
If Sam did not show those charts I would have already known by living long enough to experience it. For example, I worked construction in San Diego in the mid to late 90s. I got 15/hr, and union got 30/hr.
Fast forward to mid 2000’s to Virginia where the prevailing wage on a military base is 15/hr. The cost of bread use to be 2/loaf and now it is 4. There’s not much there to argue about.
Preachhh king!
Aye. In my life I've seen the cost of gasoline triple, milk and bread double. Wages? Not so much.
@@Distimmer Any of you a member of a Union?
@@c.holliman1871 USW local... 6 yrs old... ive been there 5.
The union came into being after repeated safety issues and everyone took a pay cut in '08, profits came back but pay didn't.
4??? Thats absurd.
Matt Walsh coming back with more of his "I wish could own slaves" energy. Love to see it
Worse... He was borderline hinting at having 6 year olds work making child labor laws not a thing...
according to his genius "i am worth zero dollars to subway"-analogy, implementing a mimimum wage would mean that subway, along with every other employer, would have to pay him 15$/hour
so either his analogy is bs or this guy really has a fundamental misunderstanding of wages.
It doesn't even matter just how abysmally moronic he is. It's the fact that he's a spineless corporate shill that's important. Many people destroying humanity and progress one status quo brainwashing BS at a time, just because "it's their job". And Capitalism just looooves propping up and paying bootlickers.
@@robertstan298 fair enough :)
"The 'ole we work for everybody and nobody argument." Lmfao I can't. hahahaha
Notice the libertarians never use charts. It's always based on feelings and what if scenarios.
Steven Hines Ever notice how Leftists always use charts that don’t represent anything like what they are attempting to demonstrate? It’s always feelings and what if scenarios. They simply present the chart, SAY it shows what they want it to show, and disregard what it actually shows. Ah, hypocrisy and misdirection. The hallmark of the Left.
Matt is like really far from a libertarian
@@bradchristy8429 I get the feeling that you are 1. coping and 2. Don’t understand charts.
@@nobleradical2158 That chart shows nothing. It is akin to a magic trick. It has you watching one thing, but the truth is somewhere else.
What this chart shows is that productivity has increased over time, which is true, and that worker wages has not, which is not true. With the exception of Minimum wage, wages have actually outpaced productivity. Additionally, the productivity the chart references is not created by the MW earners the chart references. In other words, the chart is false, and Sam is lying by using it as a visual to try and propel the falsehood that workers’ income has not kept pace with inflation.
Stay confused, for all I care. I’m coping very well thank you. You, on the other hand….
@@bradchristy8429 The chart is talking about minimum wage, not some 'other wages' that have outpaced productivity. Therefore the chart shows that productivity has outpaced minimum wage. What are you on?
7:15: He's right. What he doesn't understand is that businesses that can't extract 15$ of value from an employee don't deserve to exist.
Most jobs I worked at did not like when you told co-workers how much you make, i wonder why that is?
They do that in nursing too after you have been nicked and dimed. The federal government passed a law against companies doing that.
What people don't realize, is that if min wages go up slightly for service jobs like McDonald's, Arby's, etcw they won't close down. People still will pay for fast food. What happens is that the CEOs won't get to keep their 50 million dollar jobs and 30 percent bonuses. The pay system is so skewed they can easily cut the fat at the top. And since the whole industry is affected the CEOs can't quit and look for another 50 mm job.
nosuchthing8 funniest part about that, the workers are actually harder to replace with technology than the CEO's. The CEO basically runs numbers and works with statistics, which can easily be replaced by AI. Whereas the employees on the make line would require specific equipment just to equal their work.
Labor cost only makes up a maximum of 30% of the total cost of the food product. Even doubling that would be only an 30% increase in price, so dollar menu is 1.30.
Snivy 87 I'm for raising the wage, but unfortunately, it would be more than that. The farmers who raise the beef would likely have to raise costs to account for wage growth, as would the manufacturing plant, and trucking company. So it might raise costs by 55-70%, while still nearly doubling over half the population's wages. (To any naysayers, that would STILL leave 40% more money to put back into the economy through purchases.)
If over the course of the next year all the fortune 100 CEOs died, it would have no impact on the economy or those corporations.
gartner101 on many cases, their jobs are actually the easiest to completely automate, so that's unsurprising.
I’m pretty sure we passed the 13th Amendment to address the whole “working for 0 dollars” thing
During high school and college, one of the minimum wage jobs I worked was seasonal and promised a quarter raise each year you returned. I worked there for 6 years and saw maybe a dime raise from $7.25. Employers don't care about you and they *certainly* aren't interested in rewarding your efforts; they're just excited they found a sucker who will work too hard for nothing.
Starting with the assumption that minimum wage is based on value of labor and not that it's literally the least amount of money they can legally get away with paying you is such a smooth brained take
Seriously, this guy needs to work at McDonald’s to understand what he’s talking about.
he does work at mcdonalds, they pay him 0 dollars an hour lol
Lol he's the guy that fucked up my poutine 😂😂
He'd never do that.
The value that the McDonald’s employee brings to market is not 15 dollars per hr
@@freeindeed8416 says who? You?
Never thought an explanation of wages could be so funny. Thank you guys. Oh, and Matt can come collect the $0 he earned from me.
I love how he keeps looking at his notes to rant.
It's an act to look smart.
Sheeit really gonna miss Michael's Sam Seder impersonation.
Here is the thing about working for McDonalds... you aren't really getting paid to flip burgers... you're getting paid so that your customer don't have to flip the burgers themselves... so, really, your wages are worth your *customers* time. If a lawyer normally gets paid 120$/hr, and they go to McDonalds because they just don't want to spend 1/2an hour cooking their own burger, that burger is worth 60$ to them (Which is why lawyers go to nice restaurants for a 60$ steak, and middle class moms bring their kids to McDonalds for few 5$ burgers).
Good logic
"The old we all work for everybody and nobody argument."
Ah yes, Schrodinger's Job.
When I get “Daily Wire” ads, are they paying me what I’m worth, or am I paying them? I’m so confused now.
18:05 This is horsesh*t. I used to work at Domino's Pizza. The drivers made $7.25 + tips (overall about $15/hour). The CSR's made $7.25/hour and no tips. The level-1 assistant managers made something like $7.75/hour, and each subsequent level up to level 4 made an additional 25 cents per hour. No one made a wage above $8.50 except the General Manager, who made, I forget, somewhere in the ballpark of $1,800/month. Go-getters didn't get pay increases ever. If one CSR was working 3 times as hard as the other one, they made the same. If one driver was working 3 times as hard as the other one, they made the same. There were vast differences in how productive different employees were, and they made exactly the same. Aside from moving up the managerial levels (btw, I refused to become a manager, because I was already making $7/hour more than the managers were, because tips), there was nothing you could do to make higher wages. This is how corporate chains operate. They are not some sort of meritocracy
Btw, here's another story. In 2016, I was doing a job and making $49k/year. I got laid off. 2.5 months later, I got hired somewhere else, and was paid $70k/year. While working at this job, I got calls offering $100k/year. It turns out that the exact same person with the same skills doing the same job can make wildly different compensation depending on how greedy, scummy, and/or desperate the employer is. No, you don't get paid exactly what you're worth. You don't get paid what you're worth to the employer. Your pay largely comes from how much they can take advantage of you and to what extent you're in a position to be taken advantage of, which the lower class is always in that position.
Libertarian - (noun) someone who is employed by their father
Under rated comment
Watching the American minimum wage circus from Australia has always been the most bizarre thing, man. The only serious problem with ours is that adult minimum wage doesn't kick in fully from age 15. I never would have worked in high school if I had my time again. Bring back struggle sessions for shills like Matt Walsh. They're worse than worthless to us, they're actively harmful.
Yup, Walsh is only good as fertilizer.
All those unpaid interns aren't doing anything of value.
What does good work get you??? More work! And not necessarily for more money.
i worked at wendys and they wanted me to become an assistant manager just because the gm liked me even tho i didn't work harder than my coworkers and was constantly late lol
i'm convinced by Walsh's argument that we're all employees of every company but producing $0 of value. as of today, i am adding to my resume that i simultaneously work for Microsoft, Google, Facebook, Apple, Amazon, Tesla, Uber, and SpaceX. Up until a few minutes ago i was also working at Latham & Watkins but i've decided that law isn't the path I wish to go down, its just not for me so I had to let them down gently.
My Hubbys $13/hr sure ain't enough & he's DEFINITELY worth MORE than THAT...
Correlate that with CEO pay vs average employee wage and you see where the money went..
Matt "Just For Men" Walsh is an example of why home hair coloring for men is a bad idea.
His argument is literally that we are employees to all employers, it's just that certain employers don't need our labour at any given moment so we are worth zero to them. And he wrote the notes, set up his studio, recorded and uploaded to RUclips. Truly impressive.
Being able to be replaced by pretty much anyone due to low skill required to do the job does not negate the value of a person's labor to a business. McDonald's does not gain wealth through the mere existence of their brand or even their restaurants, they gain wealth through the value produced by labor performing the duties required to obtain money.
If a company takes value produced by that labor for profits and those profits are in the billions of dollars, it is really, really hard to justify paying those employees so little that their basic needs cannot be met without multiple jobs or some other form of assistance.
All this guy is doing is devaluing his fellow human beings for the benefit of a system of pure greed that rewards people who don't deserve it.
Demagora No bits not hard at all. Are you going to suggest that McDonald’s should pay double what their beef suppliers are asking? No? Why not? I mean, those beef ranchers REALLY need the money, right?
Here’s a suggestion for you. Start a business. Any business. Doing anything. Pay your employees whatever you think they deserve. I’ve got a friend who’s a bankruptcy attorney. He could use the business.
Rest in power michael
**people in SF, where minimum wage is $15, laugh/cry while stepping into the car they live in**
6:37 Would that be "Schroedinger's Employment"?
Sam knows his stuff man, and he communicates his knowledge well.
It's just GREED! Walmart made 124billion in PROFITS, yet tax payors supplement there employees with food stamps & housing. Why is this not a problem with a billion dollar company that DAMN SURE could pay there employee a LIVING WAGE!
Who could not live with 99 or 100billion in profits, instead of 124B.....
I live in Southern Calif, rent anywhere you want to live is at least $1500, just for a 1 bedroom. The house I grew up in is appraised at over 500K. WHAT THE HELL IS $15 an hour going to do??? Gross is $2400 a month, before taxes. Numbers don't lie!!!!
the reality of the situation is more like this:
Day 1: Work decently hard, get paid $7.75/hr
Day 2: Work super hard, your boss goes "Wait I didn't know you had this in you. That means you must've been slacking off until now. I'm lowering your pay to $5.75/hr unless you can keep working this hard"
Love to see this guy survive a shift in fast food lol
After the 30th Epoch Times ad I've finally decided to continue with my decision to not subscribe to it.
The other point is that the minimum wage is meant to say that any human being who is actually working should be worth at least that much to his employer. If not, fire him. It is INSANE that this value is still just barely over $7 an hour after all this time.
I always love when they threaten everybody with the robots. It's like they're pointing a gun at themselves and saying, I'll pull the fucking trigger I swear.
Lol. My mom worked at McDonald's and she worked so hard. Her raise was 20¢. She quit afterwards. She realized there's no appreciation for hard work there. They're not even allowed to give raises bigger than a couple of dimes an hour.
Get 'em Sam!
It's perfectly reasonable to tell businesses that if they want access to the US consumer market, then they must be able to have a business model that supports a minimum wage paid to their employees.
We, as the government, pay for all sorts of infrastructure, education, security, and legal protection.
If you are a business and you want to access this incredibly lucrative market, and you want access to the populations that we educated, then it's perfectly reasonable to say that an employer must be capable of sustaining a minimum wage.
If you have a job and you contribute zero, you're either an oligarch or fired immediately
i own a pizza joint. I have 2 employees. 1 employee makes 3 times as many pizzas as the other emplyoee, he cleans faster, serves customers better, and is generally a more producrtve employee. I pay them both the same, minimum wage, because I CAN. Now, explain how I'm paying each of these employee's their "value" to me? It just gest nebulous from there.
I can't understand how this can be so confusing to Matt.
"Hey - I worked out I can make you $20/hour working the soda fountain"
--"But I already have someone who does it for $10 an hour"
That's why we have to have a minimum wage. Why should they pay you $2 when they can pay the other guy $1? Don't be naive. These companies are going to pay you the smallest amount they can get away with no matter how many billions of dollars they have. Pure greed. If these fuckers could get away with it they would pay everyone $0.25 an hour.
@@darksoul479 Your claim that employers will pay their employees the least amount they can is completely unfounded. Only 3% of US workers are paid a minimum wage.
I consider myself progressive and only just discovered Sam Seder, he's brilliant
The thing about stupid people is that they appear brilliant to other stupid people.
Yes, thank you Jamie. And Libertarianism runs rife with pedantry combined with a complete and total lack of empathy for the poor and/or a complete and total disconnect from the poor. Its absolutely infuriating arguing with libertarians on anything, say, minimum wage when the vast majority of them are white cis males completely oblivious to their white cis male privilege and have never have had to truly survive on minimum wage without a safety net and even if they have that still puts them miles ahead of marginalized groups. Even if they had to start from scratch and survive off minimum wage, that struggle will be nowhere near that of, say, a poor trans woman of color from a family that has been impoverished for many generations, in some cases going al the way back to slavery which still has very real effects for the descendants of slaves, practical negative effects that helps to keep us poor people of color down.
This popped up in my feed and it was honestly bitter-sweet to hear Michael immitating Sam.
My grandmother was able to buy a home in the 1950s working for minimum wage. That sort of says it all. It essentially says that minimum wage has not kept pace with inflation. In fact wages in general have not kept pace with inflation. Matt Walsh lives in the conservative bubble and will never understand the economics most Americans live through.
I mean... okay. That chart is one thing. However, I work in a manufacturing plant. Automation and better tools increase productivity. Those tools are often expensive and replaced regularly as they wear out. I'm not going to argue that people are underpaid, but rather that taking some random chart and obliterating context isn't viable means of determining anything useful.
@Mesa Black I don’t think Sam is a socialist because he’s not arguing for the people to own the means of production. These graphs just fit his ideological narrative to increase wages. Event though he’s wrong about this, I don’t think he’s a socialist.
Blessed are the rich,
May we labor, deliver them more
A perfect circle?
If I'm worth nothing to subway... why do they keep mailing me coupons!
Min wage was, as far as I understand it, the min amount to be able to live on. There is NO way the wage now is enough to live on
As a side note, colleges are going in the same direction. Look at the adjuncts and how they are treated. People with a masters or more paid a lot less then full timers, with no benefits or job security, has to travel to multiple colleges, work twice as hard for the same pay, and make up almost 75% of college instructors. And these are publicly funded institutions
As someone who’s 18 and works at McDonald’s. Matt is incorrect, literally no one cares if you work hard or not. You only get paid more if you work overnights or if you’re a manager. That’s it.
Dante in fullmetal alchemist: equal effort does not always mean equal gain.
Video gets on my recommendations and it's from a time when Matt Walsh was just the "minimum wage guy".
Walked into subway and told them they owed me $14 (which is minimum wage here) and they told me to get out because I don't work there.
Matt said that I'm owed a minimum even if I don't work somewhere....wtf matt
18:25 good news for all those who followed the rules and jumped through the hoops, all their lives, only to have their houses and pensions stolen
Rip Michael, will be missed
I love the fact that i searched "Matt Walsh idiot" and had to dig for 20 minutes to find any video that wasn't produced by Matt Walsh. RUclips, your political interests are showing. What a joke
Matt Walsh clearly don't understand how the real working world is actually is. If you were worth nothing to an employer you wouldn't be working there.
It took Sam 15 minutes but he got to the point 😂 I’ve always thought the “free market” people were the real utopians.
I know huh?! How these people talk about how if we make the market as free as possible everything will just magically make a society function best is waaaay more utopian than the basic idea of workers owning the means of production, or even just a more social democratic approach.
👍🏻
Ahh the simpler times when Matt Walsh was just the minimum wage guy and not the panty checker guy
Hey Michael, I don't appreciate you dissing North End Motor Sales, my brother got his car from there!
...ok sure the AC stopped working after six months, but still!
I run a business and employ people. I employ truck drivers. Truck drivers are hard to retain and finding a good one is very difficult. I always look for ways to cut costs, but employee wages is not one of them. I have to be very competitive with wages to attract the best people from a small pool of potential employees. If I needed to hire a secretary I would not be in a position to pay such high wages, or janitorial staff; those services are much easier to obtain.
If you work an occupation that is easy to recruit and has a large pool to pull from I don’t have to raise wages much beyond the market rate to attract the people I need. This lack of earning potential should encourage you to put yourself in a position that makes you high in demand. The higher the demand for your particular labor the more an employer will pay for your labor.
Also, his 1970s graph argument is not correct. In 1971 we left the gold standard completely. Since 1971, real wages have gone down and remained stagnant. That spread is the result of government monetary policy and how it keeps poor people poor, the rich richer, and the middle class stagnant. In 1940s gold was outlawed and seized. He is making the perfect argument for returning to a gold standard and a policy of sound money, and reduced government spending and doesn’t even realize it. By not having a commodity standard of money and deficit spending you reduce real wages.
Tom O'Hern BINGO!
Sam hit the nail on the head ... employers are not paying wages based on the value employees add, they are paying based on labor scarcity. You can add a lot of value, but if a large number in the labor pool can add that same value your wages will be low.
What was slaves paid per hour again? I think they did useful work, so they must have been heavily compensated for it.
"Almost anyone could replace him" I hate to break it to Matt that's true of over 90% of jobs. That's how the real world and job world work. Has this guy actually held a job? Doesn't seem like he has.
"He could come to work tomorrow energetic, on the ball, helpful, involved, engaged, on time, ready to work, (you know) making the customers feel good, upselling, doing all this stuff that g... he could do that tomorrow and instantly, just like that, in an instant, he could be worth considerably more than a dollar an hour"
And yet the employer would not pay him a cent more than they would if he was none of those things. Seems like this guy is just missing a crucial step in actually understanding how employer-employee relations work.
I think this chart is actually skewed in favour of higher productivity as a function of time because of technological advancement, not an increased production ability of the worker.
Generally speaking you’d have a amount produced/number of people and it would give you a number.
But now you have machines doing 70% of the work and machines are paid for by the employer. They should be able to assume the savings or increased margin as a result of their investment and innovation.
People aren’t suddenly better at work or taking less breaks. On the contrary, people’s value goes up only because of the formula used to calculate it being skewed by machines.
Whether the employer is obligated to pass those savings into the workers or keep it himself is the real question and that’s where the lines get blurred
Jesus that guy is infuriating.
I worked at retail in my early 20s.
No matter how much upselling I did or people I got to sign up for credit cards I didn’t get a raise.
No matter how many happy customers I had writing emails about me,I didn’t get a raise.
The biggest raise I’d get is a 10¢ raise every year when I had my review.
And the goal was always infinite growth.
You got 200 people to sign up for credit cards last year? This year let’s shoot for 400! Nothing made my managers happy with my productivity.