The Cruelty of the $15 Minimum Wage
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- Опубликовано: 13 апр 2016
- The $15 minimum wage just went from "laughable" to "viable"-as a New York Times headline put it-to the law of the land for millions of New York and California residents.
In April 2016, the Empire and Golden states almost simultaneously passed laws that will boost the state-mandated wage floor to $15 over the next few years for all workers-a high-stakes bet that the law of supply and demand doesn't apply to human labor.
To discuss the potential impact of the $15 minimum wage, Reason's Nick Gillespie sat down with Don Boudreaux, an economist at George Mason University, who writes frequently about the minimum wage at his blog, Cafe Hayek.
About 9:30 minutes.
Produced and edited by Jim Epstein. Camera by Joshua Swain and Todd Krainin.
Go to reason.com/reasontv/2016/04/1... for downloadable versions and subscribe to Reason TV's RUclips Channel to get automatic notifications when new material goes live.
I had an extremely liberal economics professor in college who knew and even preached that a minimum wage hurts young and low-skill workers.
So what? Did he also teach ayou all the virtues of corpotate welfare , wage subsidies , grants . tax breaks and free land ? You know - the vitues of Socialism .
@@libertyfive7241 California is doing $15 an hour and look what craphole the state is now
@@alextemple9247 :Yep - I guess if you lowered the minimum wage California will just magically would be the greatest place to live ..Get real.
Have you ever been to California?
@@crazytrain848 :Yes , but the trainwreck is not caused by a higher minimum wage , I think in Arizona it is $12 an hour . The problem there is a combination of Socialism coupled by excess money supply growth by the Fed causing asset inflation (eg stocks, and esp real estate) Sky high real estate prices drive rents skyward which in turn causes homelessness because there isnot enough affordable rental housing and people end up living in tents on the street ,. This money supply growth is the reason why there is a growing gap between the wealthy and everyone else - especially the poor with the middle class dying .The rich and wealthy benefit generate a lot if not the majority of their wealth through asset appeciation(asset inflation ) . The vast majority make their money working for wages and working folks get ahead when they get wage increases , but wages haven't kept up with inflation . It does not help when the Govenor Newsom is a liberal and a Socialist www.foxnews.com/opinion/newsom-cuomo-coasting-towards-socialism-in-california-and-new-york-our-formula-for-greatness-is-under-siege
I did remodels for McDonalds and other fast foods and Starbucks and i can tell you they are installing self serve machines so good bye entry jobs
Yep...McD's near me installed them. It's fucking horrible when you get 2 idiots at the self serve standing there for 10 minutes trying to order. Old people are the worst I hate to say.
@Patriot Jefferson As to people who want to raise the minimum wage because "It feels right, consequences be damned". People like you are the real socialist, except socialism doesn't work.
And if I screw up my own order I can only blame myself.
They're automating anyway, that's not a reason not to allow people to be paid enough to survive.
@Patriot Jefferson get the supports and votes and fk care the citizen. and they hate capitalist who create jobs. they love socialist lmao -.-
Nice to see that even Jedis are aware of America's economics policies and minimum wage history.
????
@@johntippin (His resemblance to Mark Hamill.)
The Empire is striking back.
😂. luke
Huh??
15$/hour means you should at least give me what i ordered
lol electroboom reference
This is the single most relevant comment about the subject. Now, to take it literally, after $15/hr becomes a reality, the purge will commence and the swamp of ignorant, self-absorbed and completely incompetent labor will be drained. Oh how ironic all of this truly is... Financial equality? Ha! &$@# that!
Louis DePalma good point. An arbitrarily high wage will allow employers to be much more discriminating in who they hire. Those with skills and intellect only worth $8-10/hr will be excluded, by law, from working. We may actually come to like the minimum wage when we see the higher caliber of people we deal with. I may start supporting $15 based on that alone. Wouldn't it be great to always have your order done right the first time? I can get behind that!
"Those with skills and intellect only worth $8"? - that does not sound like they have skill or intellect.
mobis ware that's kinda the point he was making
I work for a friend of mine who owns a (very) small business. A $15 minimum wage would absolutely crush us. Besides, the shit we do there is not worth anywhere near 15/hour.
+Banette If your small business is not providing enough value to its community to pay a living wage to its employees then maybe you need to create a business that is more profitable. The taxpayers shouldn't have to subsidize your low wages with welfare with because you don't have good business sense.
+Michael Smith The taxpayers don't have to subsidize us with welfare. I'm able to work this easy part time job because my husband works full time as a wastewater treatment technician. He holds skills that are quite valuable - not just because not everyone can do the job, but because the work is both necessary for modern society and can be dangerous. I stand behind a counter in a mall and clean video games. Do you think that skill is worth $15 an hour?
I don't know where this idea that every single job that exists has to pay a "living wage" came from, but it's ludicrous.
Banette Luckily you have a husband to support you, but what about people who are not as fortunate as you are? Your part time job is great until your husband leaves you and you have to support yourself and a child.
Don't count yourself short, without a minimum wage law how much do you think your job cleaning video machines is worth; $2 an hour? Would you work for that? because I know some people that would. That is what you get with a completely free market.
At $15 an hour maybe your boss would trust you with some more responsibilities and allow you to maintain those machines. You would learn a skill and get paid enough to maybe invest in a couple machines yourself giving you small business opportunities of your own you wouldn't have if you were paid what you were "worth".
+Michael Smith Don't presume to know my situation. I have held full time jobs that were higher paying, when I needed to. However those jobs were also higher stress and less enjoyable, so now that I do not need to work full time, I don't. I do have marketable skills which I have built up over time, and I do make more money than the rest of the employees at this small business since I am the manager. But it is literally six employees, so even with the extra responsibilities I hold, I feel confident in saying that what I do is not worth 15/hour. If I felt that I weren't being paid what the job that I'm doing is worth, I would leave.
Not everyone who works part time is doing so to be able to support themselves 100%. Easy/entry level part time jobs are not meant for that purpose. I work this job because it is easy, I enjoy it, and it supplies supplemental income. Those I manage are younger people who are building their skill set and experience. Raising the minimum wage is going to do nothing but destroy these sorts of jobs.
15 an hour?
Good bye unskilled human labor hello robot labor.
Metroid Mayhem robots don’t go on strike for higher pay
@@leviboswell9510 That is true. Eventually almost everything will be automated.
Which will almost make the labor pool be skilled trades as a lot of simpler jobs will be automated.
Metroid Mayhem hopefully our education system will adapt but I don’t have a lot of faith in them..
Metroid Mayhem get your robot technician degree youll never be out of a job lmao
@@leviboswell9510 That's what I do lol. Maintenance Technician
I currently make $16/hr and minimum wage here is a little bit over 8 i think. Honestly if minimum wage gets to 15/hr or higher I'm going to just quit my insanely stressful job and get a job at McDonald's. Yeah I'd much rather fry burgers and smoke weed with no random drug tests lol
LMFAO
good point
No 16 dollar an hour job should be stressful.
@@kimepp2216 I disagree, if it's a low skill job that is stressfull it makes sense. That sounds like most call centers to be honest, low skill, but high stress. They have the increased pay to compensate, but have incredible turnover. But there's always a fresh batch of people who like the paycheck for awhile.
He go for it because your boss is going to have to rise what he pays you when he hires someone else.
I love how they call it unskilled jobs. Because they really are. Fast food jobs are ment for kids with no skills. Not 40 year old's supporting a family. Lol
Or when a employee want to teach a kid fresh out of school but can't afford the risk of paying a full wage.
But that's where we'll end up
You're wrong just like everyone else who thinks that way! A job is a job and many need it to survive but the bottom line is it doesn't matter what you are doing everyone deserves a fair living wage!!! The def of min wage is I'd pay u less if I could get away with it!!! So try living on $7.25 hr as it is here in Texas! I don't have all the answers but the min wage is too low and hasn't kept up with the cost of living !!! And those fast food chains make alot of $$$ so them saying they can't afford it ..💩!!!
Actually they aren't "meant" for anything. Its a private business not something someone created so kids could have jobs. I hate when people give these billion dollar chains a pass to pay like shit because "its not a real job". 99% of the time theres one or 2 young kids in those placss and mostly adults who need a job working there. Frankly i dont like that the government has to step in, but it's really these businesses bringing it on themselves. At what point do you think mcdonalds would voulentarily increase their pay rate? If they werent forced to pay more we'd all be getting 50 cents an hour.
@@wayneoneal7952 you think a doctor gets paid more because he has a job or he has skills that require him to be a doctor then comparing him to a fast food worker!!!
What about the elephant in the room, the whole "unskilled workers" aspect. Why are so many people unskilled? The public education system has failed them (more the like state indoctrination system).
+Coletrain Over 2,5 Million Trade-Jobs need to be filled too! ;o Many of these Jobs, a machine can't replace your ass. Spread the word! Learn a Trade!!!!
AK's RULE!! People don't want those jobs cause it's too much work, they want to get payed for doing fuck all
@kallen smith I would like to take those jobs, except I don't want the government reaching into my pocket anymore than they already do to subsidize the idiots. $8.50 an hour, no debt for me. The only thing valuable I have is a decent PC; I have no house or car, and walk to work.
I exist purely as a counter argument against a 'living wage'. Is it fair that those who owe money have more possessions than I do? I don't think so. Do I care? Only because they're ruining the country, not because I want those things.
Tarson Talon the point?
Coletrain what is unskilled people can be trained
After this minimum wage increase, I'm curious to see if they will even have a job.
After all,
businesses aren't required to keep one employed.
Or stay themselves in business.
They will have a job only as long as it takes to automate their tasks. In some cases the automation is already here: self check out machines, Amazon, factory robotics (CNC), smart cards .. they do not need the dummies ... Detroit is the ultimate union town ... the factories close and the city rots.
Exactly, right now I'm 21 and I spent 3 years working in Landscaping and I made 12hr as the highest pay you could earn but to earn that 12hr you needed to know how to mow, edge, shape bushes and it's not easy to do so, maintenance, lay down irrigation systems, sprinkler systems,(different than irrigation). And a few other tasks. Now I learned all of that to earn that, it was 6 days a week 8 sometimes 10hrs it was hard work and In those three years i worked the company I worked with about 12 employees got hired and fired all because they demanded to earn 15hr with no experience whatsoever because they believed that it was what they needed to earn even though they knew nothing and refused to learn in order to get raises in the end they were fired. I recently quit as another company offered me a higher salary for my work and a chance to learn another trade as well while I worked with them so now I'm learning tile as well with a higher salary. So I'm trying to understand why burger flippers deserve to earn what a starter in a trade earns? What skill do they know aside from flipping burgers. No only that but many corporations will most likely fire some workers causing more of the problems that they ate trying to solve with the 15hr pay. It will result in more unemployment, more people on welfare and higher costs of living its basic economics.
@@shadowspire I'm in same type of work. And yes kids in high school thinking they should get $20 an hour even though they know absolutely nothing. The standards to even get hired are higher now. 3 years experience or company isn't interested. The homeless population here is skyrocketing. If you can't produce at a $15 an hour value then you are fired and usually end up homeless. There's no more training period at companies. And those that are worth $15 an hour. Well its no longer worth it cause cost of everything went up. So they can't buy any more per hour as they could before. Item that was $10 when min wage was $9. Is $15 now. So they still got to work an hour to buy it. Only difference higher min wage made was people are now dying in the streets and theft, robberies and scams have increased. Cause all those that lost jobs or can't keep a job are getting desperate.
The bad thing is that companies need employees. I for instance own a business. I would love to hire an employee and I hope to by June this year. The higher everything goes the harder it is for me.
Yep🤣🤣
3 years later, I spent the last two months wondering how to feed myself and feeling guilty for bumming food, only to be relieved for the $12 an hour job. In fact I pretty much begged for it. The minimum wage is way way off scale... I work hard, but I've also had jobs at the same price point that were easy. The system is broken, because for the past year, I have been living in a car and welfare keeps saying that I don't need help. I nearly starved for the beginning of this year. Thanks California
@David M Correct. Same shit, new place. In Nevada now doing the same crap, $1 less... Thankful for it, because food... This country is messed up...
Drive yourself to a better state. California sucks
What decisions could you have made different, starting at high school, that would move you away from low paying jobs.
@@understandthis4634 Would you like only highly-paid workers to work? Everything is relative. If enough low-paid jobs dissappear, then costs rise, and what was once middle-income feels low.
@@understandthis4634 Close to 50% of the jobs in this country pay less then the most minimal cost of living; it doesn't matter if everyone had a university degree or made 'good choices.' There are not enough jobs that pay living wages, and employers would reinstate slavery in a New York minute if they could. Raising the minimum wage simply makes businesses pay the true cost of the labor they use instead of foisting off their costs onto the taxpayer who has to make up the difference through welfare programs for the underpaid.
McDonald's handled the $15 min wage.Replaced workers with kosiks.Stores with self check outs ect.Its not working.
And at $5 an hour McDonald's wasn't going to automate? Sorry but they were going to automate anyway. A kiosk cost $1500, works 24/7 and has no rights. Find a worker who can compete.
@@gastekglobal that's why it's not a career
@@willynaylor7356 It's also why your argument is pointless. At $5 or $15 an hour, these people were going to lose their job anyway. They can't compete against a machine. What these stupid big companies haven't realized is if you replace everyone with robots, nobody has money to buy your products. A booming economy is based on people spending money. The more people earn, the more they spend and the better economy is.
@@gastekglobal how's it pointless? Dead end jobs are getting worse, get a career, learn a trade make real living wage money, they won't get that working fast food or retail. Whatever not my choice.
Automation happens regardless. It's happening everywhere, even in places with low minimum wages.
Seattle raised the minimum wage to $15/hr and has slowly watched as several restaurants and small businesses have started to shut down.
No restaurant is going to have an easy time paying waiters/waitresses $15/hr and manage to stay open.
+Desertpuma California has seen a number of restaurants close with a $10 minimum wage. The reason given by the owners was the $10 minimum wage. $15 will mean more restaurants yet closing, and more jobs lost. The Fight for 15 crowd doesn't understand that the politicians don't care about them. The state of California received their marching orders from the SEIU on this. Government employee wages are indexed to the minimum wage, so people will be out of work and our taxes will go up. Perhaps the biggest injustice in this is that seniors on fixed incomes (nearly all of them are) will see their buying power decrease. People that made the sacrifice to learn how to do something that pays in the $20-25 range will also see their buying power decreased, all because some fast food worker thinks they are worth nearly that much. If you want to earn more, learn to do something that pays more. They won't do that though, because it requires more than the minimum. It is a job that requires real thought, it's not the type of job that one can just leave at work. For instance, a quality control electronics tech in a factory always has dozens of difficult problems to solve. Your job depends on solving those, which means one is always thinking about those problems. It's not a job you can leave at the office like a burger flipper can do.
+Anon54387 I'm absolutely in agreement.
The additional problem is dark blue states like California, Illinois, and New York raise high taxes to pay for all sorts of social programs. This raises the cost of living which means they need to either raise wages (so they can raise taxes again to pay for it) or they need to cut social programs which will piss off those living on the "free" stuff they get from the government. ... They have created their own self-sustaining problem.
How does California still have the highest GDP?
mobis ware, because it's located next to the ocean. Any land next to oceans are automatically economically driven to have a higher GDP simply because they are the gateway to trades with other countries and also has the better view and so rich people flock there and rich people got money to spend. Notice how Democrat controlled cities and States that doesn't have ocean front view are broke?
Kaze - Which ones?
A point that was not made here is that support for a higher minimum wage comes from Public Sector Unions. This is because the base pay for almost all PSU contracts is based on a percentage of the Minimum Wage, raising the minimum gives Union Members a raise as well.
Ironically, there are now Unions in California that lobbied for the higher Minimum wage, who are now lobbying to be exempt from it.
+mixter102 I've heard about this. Do you have any links? Why would those unions lobby to be exempt from it?
+blurglide because it will allow them to underside everyone. Union members will be guaranteed a job because they will be the cheapest.
+blurglide undercut*
+mixter102 Ironically, yes. Surprisingly, not so much. That's classic union tactics. Through cronyism, force regulations on the marketplace and then lobby to be exempted. Unions might have been a good thing in the 1880's but today, they are simply in bed with politicians to increase their own worth and power.
+blurglide
www.americanthinker.com/blog/2016/04/union_hypocrisy_on_15_minimum_wage_asks_exemption_for_employers_who_unionize.html
I foresee Mom & Pop shops only having one or two employees, the owners will take up any slack, instead of hiring more work.
Or they become family run and no employees
This is why large corporations support a high minimum wage. Less competition.
@@Rajaat99 Um....no. No large corporation supports high minimum wages. They all are very fiercely opposed to it.
@@MrMarinus18 Except for the companies that lobbied for it, such as McDonald's, Target, Costco, Wells Fargo, Bank of America, JP Morgan, Google, and Amazon.
@@Rajaat99 None of them have done so. Most of them are infamous for their union busting.
Also try to think for a moment what you are actually saying and how little sense it actually makes.
If most of the workers want a $15 minimum wage and most of the megacorps that control the government want it then don't you think it would have passed years ago?
In my lifetime I've seen the minimum wage increase several times and EVERYTIME it lead to layoffs, staffing changes, cost increases and the eventual market adaptation with more people out of work. And yet we still have these morons in office pretending it's somehow going to be different this time. This tme it's going to work and everyone will be better off. And then it doesn't!
You misunderstand their reasoning. They get these idiots to vote for them, that is all they care about. Not the workers who now have no jobs.
@@chetgravatt9562 True
Lmfao you have no clue what your talking about.
@The Doom Guy not an argument
Well you wouldn't need a minimum wage if employers would not exploit workers . I dont like work that pays wages but rather be paid contract rate . That way I get paid according to what I produce but employers dont like that because I make "too much money " and eventually I tell my bosses to fuck off and leave . They think that Ill be really motivated to work for a pittance . They are all are dreaming of Govt grants and corporate welfare and the boss I work for now is no exception . Most employers love dreaming of dirty Socialism providing they are the beneficiary pf the "free" money . Then they have the audacity to complain about "welfare bums "who refuse to work for them for peanuts .
Its all a bunch of bull. In Miami, almost no one works for the Federal Min - why? It isn’t worth it. Most entry-level jobs around here are ~$10/hr, because no one will do them for less. That is exactly what competition is for, in this case, competition for labor.
There's other factors like higher cost of living as well.
In Oklahoma or Texas the cost of living (food, housing, etc) is so much cheaper that making $10 is pretty decent.
Manager positions often pay 15-20/hr and they're upper middle class.
If you make 15 in new york, lol you're still dirt poor.
vexx506 I know. Miami is also very expensive. I have friends in OKC who do very well, & they pay 1/4 per square foot for housing than I do.
+Robert Black Yep. My house in Tx is 2400 sqft and cost 130k in a nice neighborhood lol..
I see people paying over $1 million for a much worse home on the east coast.
Lucky you. My home in Miami is 1960 Sq. Ft, and if I sold it today, It'd fetch about $400K. If it was 1 mile southeast of where it is, it'd be worth at least twice that.
+Robert Black I do envy those beaches.. But for that price I'd gladly walk the extra mile.
I have a summer home in a coastal community in Southern California. Almost every national fast food chain restaurant is gone. I asked the manager of the last McDonald's why they were closing. She said they cannot afford to pay the minimum wage without raising the prices on their menu. However the McDonald's corporate offices will not allow a franchisee to change the menu prices. The minimum wage is 15.00 to start. However, the employer has to give the worker a raise every six months until he/she reaches 18.00 an hour. An employee cannot be laid off without just cause.
Could the coastal community resident of Southern California support $1 increase in menu items? I bet they could - you're referring to an income tax-bracket that routinely purchases real-estate at seven-figure valuations. You're talking about people who wouldn't blink at paying $20 for a burger if Wolfgang Puck made it. The issue is NOT that Southern CA residents couldn't support higher prices, or that franchise owners won't pay a minimum-wage. The problem is McDonalds Corporate policy/price-controls.
So in Massachusetts they are talking about raise the Minimum wage from 11$ - 15$an hour. It’s was at 9.25 just 3 years ago.
I’ve been with the same company since minimum wage was $7.25 through hard work and going from part time to full time I have climbed from
$7.25 - $17.50 and hour it’s taking me close to 9yrs to get there.
Why should some snot nose part time 15yrold ( like I was when I started ) be making $15 an hour? A measly $2.50 an hour less then me ?
Why should my value change?
2 raises ago my work decided I was valued at $7.50 more than the minimum wage they could pay me.
Now I’ll only be valued at $2.50 more than the minimum.... why is my value lessened? It’s not like I’ll get a cost of living raise that is equal to the rise in minimum wage.
They are already talking about cutting are time and a half for working Sunday
So we will get cut from 6 days to 5... So not only will I not get the equal raise that a 15yr old will get.. I’ll actually see my paycheck get smaller because of it.
If you can’t survive off a minimum wage job, than you shouldn’t work a minimum wage job.
They aren’t meant to survive off of, they are meant for Students, Young people w/little responsibility, women looking to work “mothers hours”, retirees looking to stay busy. It is not meant to feed a family or pay rent w/no roommates or pay a mortgage.
I dont understand this idea that a part time job at McDonalds , Starbucks or a grocery store should be paying a wage for an adult or family to survive on. That’s not how it works and it never has
The states that raised the minimum wage have the most expensive living expenses. Wonder why🤔
Freeloaders want more money
The minimum wage and fast food jobs were never meant to be lived on. We don't need a higher minimum wage . We need a totally different class of jobs and the skills and education to do them!
Lisa Baltzer what a brilliant idea you should be president
@@randyrrs7028 Yes, a figure head with no actual power(Congress actually rules), and a convenient blame sponge.
Where are the better jobs at?
They arent *meant* for anything. The employer doesnt mean to provide employment, but to turn a profit by serving customers efficiently
@@stephaniebailey690 :You should'nt be in business if you can not pay a liveable wage .The oldies are most likely topping up what they recieve in pensions so if they werent recieving the pension there would be no cheap labor . The only reason you hire people is to make more money leveraging other peoples' time . If the workers cant pass on the higher cost of living then it stands to reason business should not be able to pass on their increased costs to the consumer . Go back to the bad old days of wage and price controls of the Nixon administration .
Unskilled labor: Sir, I need a job.
Small business: Sorry, I can't afford to hire you.
Unskilled labor: I am willing to work for less than $15 minimum wage.
Small business: Sorry, the government won't let me to hire you less than minimum wage.
Unskilled labor and Small business: Let's vote the suckers out!
Small business doesn't mean it's not bringing in profit. Lots of 'small business' brings in over 200k a year and the business owner takes a big cut of that profit for themselves (which can be 50% and the other 50% goes to any expenses for the business). You have to also take into account how much a business owner takes for themselves over the employees who are the backbone of why their productivity is higher. Are they taking home 100k/yr while paying those workers 14k/yr?
The people who say the minimum wage should be as low as possible should be working under those conditions. The 'better jobs' are mostly filled with ignorant people who think they are the only ones who can work those jobs; when in fact most people get grandfathered into their higher paid jobs.
@@Hunterchuck clearly you have never run a business. I have. There's a reason the supervisor makes more than the worker, and the manager more than the supervisor. The owner takes the ultimate risk. They fail? Everyone goes hungry. Most owners do care about their most expensive assets: personnel. The guy making the widgets does an important job as far as the business goes, but don't get it twisted. it's easier to hire somebody to make widgets than it is to hire somebody to manage the entire process. The stakes are higher for that person. The worker might think that the big boss just sits on his behind all day, but that's because their focus on making widgets, not running a business. I know you'll probably disagree, but that's because you only know what you know. Not insulting you, just stating a fact.
@@kevinm.8682 Making assumptions can make you look like a moron. I run a business too and i'm also speaking from experience of being a part of other businesses. The reality is exactly how i stated in my original post. If a business fails then another would take its place as it should go if we truly support laissez-faire capitalism. But business owners only like to tout that crap when it's convenient for them but never want to actually put that into practice. What i would like to see is a restructuring of how businesses operate so we can do away with the extremely flawed wage system we currently have.
I'll help you better understand what i mean using the industry i work in.
Let's say that each pool is being charged $40 for each weekly service. at the end of the month that is $160 for each pool and the standard weekly pool cleaning schedule that companies like to hire workers for is a 50 pool schedule. That's $8,000 a month for 50 pools.
The worker gets paid hourly for $11/hr and it can take anywhere from 15 minutes to 1 hour to clean a pool. The fact that some pools can take only 15-30 minutes to clean is the main reason why the hourly rate is undercutting the worker for potential profits that they are missing out on and the business is taking for themselves.
$11/hr for a 40 hour work week is $1,760/month
$8,000 - $1,760 = $6,240
State sales tax depends on state, we can say that it's 6.25% and the monthly cost of running a pool company comes down to chemical and equipment cost which can vary from $1,000-$2,000
Winter time it's definitely less than $1,000
$6,240 - 6.25% (Sales tax) = $5,850
$5,850 - $2,000 (Business expenses) = $3,850/month
So that is $3,850 for a business owner who didn't do anything other than 'manage' the business which isn't a hard thing to do. Most of the customer services is done by the guy cleaning the pool. The only thing a business owner for a pool company does is budget the books and maybe do the equipment repair or plumbing if their workers are not trained or qualified to do that work. But that's also extra money too that the owner gets.
So basically with this example i'm showing that a wage system leaves workers out of potential money that they should be making. This is ultimately what creates a massive wealth gap in society that leads people to making billions that they never truly earned. It's basically thievery from my perspective. How difficult or important a job is, depends on that specific business. Some managerial positions can be complex and difficult therefore deserving of more pay but the opposite can be true as well. But meh, if you want to ignore the reality of this and pretend this isn't a problem then by all means keep peddling your flat earther level logic and forever wonder why people call you a moron.
When the government says I'm here to help, run away very fast
New McDonalds menu replacing dollar menu with five dollar menu. And your food will still be wrong.
I am going submit a proposal to congress to lower the price of everything to my liking if people think government can artificially set a minimum wage without some sort of consequence.
So a CEO doesn't have a job 1000 times more important than a minimum wage employee? How many minimum wage employees lose their job when they're incompetent? What about the CEO or other executives?
+Michael Burke
So do the employees give their salary back when a company fails and goes bankrupted?
+Flynn Parish Price ceilings and floors are one of the many tools that government's can and have always used to effect the economy... Without those tools we would likely have runaway inflation or unpredictable and frequent changes in inflation.
+Flynn Parish No... And the CEO doesn't give their salary back either.
Sure
I suppose there is no point In the case that the CEO is also the owner of a business.
If not, the CEO is just another employer of the owner(s).
For those confused let me explain a unskilled/low skill worker. If your training can be condensed and last year's on end with only 1 hour, your job takes no skill. You can't learn how to be a master welder in 1 hour but you can with taking things off of a pallet and put it on a shelf. When people say get a trade or learn a skill stop thinking with your victim mentality and assume they mean a doctor. If it takes months or years to learn something it's a skill. Invest your time into that and it will pay off in the end. You will get paid what you are worth in skills. Lower wage, lower skill. Very basic.
Thanks for educating me!
I'm glad to know that i can learn a skill i can get paid more and.... Ooopsie! i just discovered there aren't many job openings for the field i spent all my time getting skilled for so now i have to work the 'unskilled jobs'. i'm now a construction worker who shovels around dirt repairing the countries infrastructure and i'm getting paid $7/hr because all i'm doing is shoveling dirt and laying the foundation. I'm getting back aches and sweating from the scorching heat and my body is exhausted. i wish there were openings for the nice air conditioned room of the job i was learning. That one job where i sit on my ass all day and talk about marketing strategies for the company; where i design the landing page that draws in the investors!
But i'm doing an unskilled job so all i deserve is the bare minimum. Yay!
---just one simple example of why you're a moron.
Do the people doing low skill labour deserve to live in poverty?
How idiotic, and delusional you are my goodness. I went for a trade skill passed the aptitude test, was told 30 years old, and being an adult white male makes me unqualified for an apprenticeship somehow...
I have an Associate's degree, make next to nothing and live out of a vehicle. I had narcissists for parents, who disowned me, and committed crimes against humanity on their own child.
When I went for a Bachelor's degree I simply couldn't afford it even with government aid, and potential loans. They told me I had to pay half the cost+my cost of living upfront. Only then would the government pay 5-10% of the tuition exclusively. Nobody would give me any loans at all, and all had absurd rates even if they would.
I didn't get to choose to come into this world, nor my parents who were only parents in name. Let alone the nation I was born into which happens to be a rogue, failed, terrorist state, and one of the worse in the world.
I know this video is dated, just going to offer an observation:
When minimum wage goes up, within 6 months the cost of all goods and services directly connected to the minimum wage goes up in price. This also reduces the buying power for all middle class people, in essence pushing them towards the poverty line. The one thing it does do, increases tax revenue for state and federal governments. This last point, coupled with the close ties unions have with the left, explains, at least in part, why there is always a push to increase minimum wage.
if you want more money, work more or develop a better skill set, gain more knowledge in your chosen profession.
I guess the middle class better stop eating out
Minimum wage has increased steadily since it was introduced 80 years ago. Why stop now? Why are we facing issues that we have never faced before?
Take some time to educate yourself on real, verifiable effects of raising the minimum wage rather than listening to opinions. It has never caused economic strife, ever.
@@HavocHedgehog :As long as there is price inflation there will be increases in the minimum wage
@@HavocHedgehog It ALWAYS ends up costing me more money to buy everything. My comment is based on life experience not talking heads.
If raising the minimum wage works so good, why do we need to keep doing it?
@@winstonalioop7055 Google inflation. That's both the reason for your first comment, AND the answer to your question. The minimum wage is raised to keep up with inflation. What, are people just not supposed to make enough money to live? What's your solution?
Minimum wage is slowly catching up to my educated wage..which makes me uncomfortable....My wage is stagnant, others just keep rising, being forced to pay or close their doors...sad.
Thus, the real solution is to do the exact opposite of what the Federal Reserve has held as its mandate (cause inflation). Specifically, the real solution is to build up infrastructure (like building high density housing anywhere that house prices are rising) and flexible automated manufacturing capacity (like 3D printers) that allow for a reduction in the cost of living across the board.
This then allows someone on a $7.25/hour minimum wage to get everything they need.
Fantastic stuff. The minimum wage is one of the most destructive things that government interference causes in the economy.
😊Remember " I'd pay you less if I could get away with it!" But the min wage is by law the least they can pay you! So of course it's on the very low end..not enough to live on for most who have to endure that! Rent food car insurance phone really add up and that doesn't include clothes breakdowns or other vital needs. I've been on bother sides in my 58 yrs..most of it great but a few struggling! This will always be a prob..but it's better than other countries and their systems! Thanks
How about Business lobbying the Government to interfere in the job market by flooding the labor force through mass immigration ? How about Government handouts and subsidies to Business and all other forms of Corporate welfare? Business but especially BigBusiness loves filthy Socialism when it suits them .
You forgot Corporate welfare
How about Corporate welfare handouts .
I agree as a rich ceo I should be able to pay my employees lower than 7.25 a hour. I need that vacation house in cancoon. I also hate unions and support trade with China. I only made 1 billion last quarter how am I going to survive. I can’t keep paying my employees 7.25 a hour
Of course they want a higher minimum wage....that way the employees make more, and the state takes more in taxes. The only way the state can fill their depleted public employee pension funds.
won't help the pensions as min wage workers are only about 2-3% of the work force and they will have hours cut so taxes won't go up that much, if they even have a job.
Bigger government requires more tax
Damn great point!
I worked at McDonald's in NY for years with the raise, I saw first hand when they cut over time our employees in half over several years and raised put prices between a quarter to double what they were. I saw a small fry go from $1.09 to $2.13 after tax, I saw being able to feed 2 people meals for $10 to feeding them for $18. On top of that I'd get a lot of negative people coming at me like I changed the wage and prices of food angry for it being so expensive and on top of them I'd run around between bagging for second window and taking customers orders on counter as well as making fries, making drinks, ice cream, shakes etc. It got to be too much for a teen starting out while in hs still as her first job only. It got to be too much labor for an older lady who just wanted to work part time to get out of the house on retirement. They treat it now like I actual job but it was only ever meant to be a starting out job.
To be successful you need to know two things from the start.
Who you are.
What you are capable of.
Take the Myers Briggs personality test to find out who you are.
www.humanmetrics.com/cgi-win/jtypes2.asp
Take the practice MENSA IQ test to find out what you are capable of.
www.mensaiqtest.net/
Get busy.
You know who I feel sorry for, the guy that already makes $15 an hour.
He now has to look over and see someone with less skill or less experience get paid the same.
+cjbos81Wages Should go up across the board. The worker you speak of should demand a wage increase as well.
+arcaneone Most small businesses can't afford the $15 minimum wage increase as it is. You expect them to increase all employees income when it isn't required by law?
Q-Hack! If a small business can't afford to pay their employees a livable wage, then they shouldn't be in business in the first place. (ex. Wal-Mart) Employers have been benefiting from increasing prices and stagnant wages for so long that it has become the norm. The argument you present is the exact one done by employers before the minimum wage was forced on them.
Also keep in mind that higher wages also increase demand for products, boosting the economy, and driving up the need for more workers. It's a win for all (workers and employers) in the long term.
P Mason They could just sweep the floor themselves and stay in business. In the short term the small business would hurt, until all the people with higher wages buy more of their products driving their business up. This is not opinion, this has been done already, proven fact. Please do the research and you will come to the same conclusion.
Corporate fascism? That would be keeping wages the same or doing away with the minimum wage.
P Mason Again, do some research on places that have done this already. It actually boosts the economy and it is not the doom and gloom you are proposing.
Minimum wage laws violate private property rights. It is a contract between a buyer, the employer, and the seller, the worker. The state has no moral right to intercede in a private contract, unless fraud has been committed.
A question for those who support minimum wage laws: Do you believe the state should have a right to force a person who hires s babysitter to pay a higher wage than they originally agreed upon?
+David Maharaj Exactly, that's the same reason there should not be Right to Work laws
+Tom Dalton Thanks, Tom. Take care.
+David Maharaj, We don't live in a free market capitalist society if we did I'd be free to set my burger cart on the sidewalk outside Mcdonald's. Why can't I? Regulations, do you think if Walmart or Mcdonald's could abolish the government tomorrow they would? Obviously not, they have more of a vested interest in seeing government grow than you and I do. Many small businesses can circumvent paying the minimum wage, especially you when paying a babysitter. I hope you would at the very least pay the person watching your child a decent wage or are you a Walton?
+See Through It productions I would hope that babysitters are paid an extremely high wage for such an important job.
Not the point I was getting at though. Government force is the issue. Violating property rights, and contracts IS the issue.
Best.
David Maharaj Babysitting is basic skill which doesn't need much practice That's because you don't get much from it.
Raising the minimum wage, so living with parents, potheads, can buy more weed.
Maybe on weekends, evenings, and during the summer break there are a lot of high school students working in fast food. The majority of the employees in this day and age are adults taking care of themselves and possibly a family. There is nothing easy or stress free about the fast food industry. It was my first job and the hardest job I'll ever love. With the motivation to succeed, you can advance and earn a decent salary. The particular restaurant/franchise had an actual university. It's been over 20 years since I worked there so I don't know if that still exists. That was my first job in high school. I was young and didn't know if that was a place I wanted to make a career of. I've been in my career for 23 years now and I don't regret making the change, but there are things I learned in that first fast food job that I still apply to my internal and external interactions. Those aren't petty little jobs, for teens and unskilled workers. People need to stop taking that attitude towards something they don't understand. What it costs to make the average item on those menus combined with a $15 minimum wage will not hurt these companies' bottom lines - that's just greed. When you underpay these workers, many of whom are adults/head of household, you end up paying for it as a taxpayer because they usually qualify for most government subsidies especially if they have children. That's really why they keep the wages low and that includes those big box stores. They make record profits yet refuse to pay a fair wage and/or offer benefits. So you, the taxpayer, end up covering the costs these companies are more than capable of covering AND they'll still turn healthy profits.
As a libertarian, I'm all for minimum wage! The minimum wage should be set on an individual basis by each employer based upon employee negotiations, influenced by market forces like competition, supply and demand, etc. In other words, let free market forces determine the unique minimum wage for each and every business. But one-size-fits-all minimum wage proclamations set from on high will destroy opportunities that would otherwise exist - opportunities the economy will never see, but nevertheless feel.
+SweetLiberty01 i'm a bit of a libertarian too. and u sound like u are against a government mandated min wage.
+Matt Hawkins Perhaps I was too subtle. Yes, I'm completely against government mandated minimum wage. Each business should determine the minimum and maximum wages they will pay for any particular job based upon market forces.
+SweetLiberty01
"As a libertarian, I'm all for minimum wage!"
(goes to thumbs down)
(starts reading the rest of it)
(thumbs up)
+SweetLiberty01 Yeah! Who cares that people are fundamentally different from cell phones or cola. I mean, there's no moral consequence to human labor being worth a dollar an hour, that just means there'll be more supply! People will gladly offer up more and more hours because it turns out they need money to live, which makes 'jobs' inelastic demand.
And as we all know, inelastic demand is great for for free and fair markets!
Josh White
Did you even take basic econ? Because it reads like you don't even know what supply and demand are, and certainly not in the context of the labor market.
If the demand for labor is as inelastic as you assume, the result of companies lowering wages to near-nothing will be a labor _shortage_. When the price of labor goes down, the supply of labor goes down with it.
Minimum wage mentality: I want to see people who can't make $15 starving to death.
ass
i dont want to see you, or anyone else ' starving to death ' you are sick but I'd feed you if you were actually starving as pathetic as you are to say such a thing. You are losing your humanity but too ignorant to realize it.
Michael-Paul Marasse Emotion is not an argument, kid.
+Erick Well actually, it is. Why wouldn't it be? What's the point of government if not to enforce morality?
Josh White emotion =/ morality.
This makes me nervous - as a parent of a young adult with a disability - having an opportunity to get any skills at a low wage has been difficult at the current minimum wage - I can only imagine how bad it gets if my state ups the minimum wage.
If you are in favor of a legal hourly minimum wage of $15 you are arguing that a person loses his right to be employed if his skills are not at a level where he can generate at least an equal amount in production for an employer.
As a Senior on SS, those increased costs cut my income spending as I don't get a 100% increase in SS. HELP
We won't be able to afford much when this $15 happens to Minneapolis. We will bus out to the suburbs to eat and shop. If the $15 goes state wide, we will have to use food shelves and churches for food and clothes. Definitely no more restaurants!
Only the large companies can afford to replace employees with automation, so now an upstart restaurant will have no chance.
Only because the automation is new. After a while, it becomes much cheaper. When websites were new, only the big companies could afford websites because the few html programmers were charging $100/hr. Now every one man band plumber has his own website.
The Government fires researchers who come up with factual results.
This is one of the best discussions of the minimum wage I have seen. Paul Krugman could learn basic economics from this video if he was willing to listen.
I think we need to look at starting apprenticeship programs again.
We have a huge need for tradesmen, and I see this system as a good way to get people in the industry
It's a much better idea than conjuring extra inflation into existence to give student loans for a lesbian dance therapy degree that then gets defaulted on when the kid goes on welfare.
You wanna be an engineer? Follow this fucking engineer around and learn to do what he shows you and help him do his job. Most places, you even get paid for your apprenticeships because you're contributing actual fucking work.
Yeah that would be great wouldn't it? A trade school but all of the states in their efforts to make more money off of people that don't have it require licensing for most of the things that you used to be able to learn on the job and that means you have to take out a student loan for $18,000 to start in a job that only makes $2 over minimum if the minimum in your state is $725 you're pretty much screwed and your student loans ain't getting paid back. everybody makes money in this country why should a person that owns a McDonald's franchise gets a bit live in a big mansion while their workers can't even afford to live indoors? Work is work. I don't care how old you are or how young. The very idea that just because you own a business you have the right to pay people's slave wages just sickens me. I don't have to work for nothing to make somebody else that the government sees as better than me Rich I don't have to slave away to make anybody filthy rich well I scrape the bottom of the barrel if I'm the person making that person the money so they can get that big mansion I think I at least be able to live indoors.
@@mariedrake1291 wow I’ve never seen someone talk for so long yet say nothing. Good work!
Whenever I come across a person who supports a $15/hr minimum wage, I ask them “What will become of the people whose best effort does not economically justify a wage of $15/hr?”
Not one person has yet even attempted to answer that question.
In Canada we went to near $15/hr minimum wage and it was a disaster.The other workers who had more responsibility and made $17, or $20 hr and more all demanded the same increase.To be fair they got the increase as well.This was an overnight 30% increase in our labor costs. We could only put our prices up marginally to compensate to stay competitive. Our accountant said our profit line fell to single digits which was not enough to pay the mortgage and reinvest profits back into the business. We were forced to cut jobs and look at automation. We raised our prices slightly and customers went crazy. Our sales dropped so no business no jobs. All the while we went 3 months where every day someone did not show up to work. I guess these hard working people don't need money? Minimum wage was never intended to be life supporting, it was for low skilled and inexperienced young people to learn skills and responsibilities. Anyway we decided to sell our business and get out. This was the final straw.I"M FREE.
How come no one ever talks about when you raise minimum wage you also must raise all other wages. Everyone who makes more than the minimum will need a boost in pay as well.
+Antihero Exactly, that is because all of the retards that want a higher minimum wage can barely tie their shoes.
Indeed let's also not forget about the people that were already making $15 an hour what about them? Did they get a raise?
If they did raise min. wage other wages would not go up bc it would cut into profit margins. Cost of goods would go up people on bottom get more people on top get same and middle class gets screwed.
It's not so much that the lowest paid get a raise, it's everyone else gets a pay cut because the money is now worth less.
I can't live on this minimum wage I need $15 an hour powerstep kitchen steps in congratulations you're making $15 an hour next day you go to work boss says he has to let you go because he can't afford to pay everybody $15 an hour and he's already raised his prices which is going to cut into his business congratulations you went from making seven eight nine dollars an hour to making absolutely zero congratulations you just been priced out of a job now you have to make it on nothing
I started at minimum wage cleaning toilets and in only 6 short months I was promoted to cleaning urinals which just goes to show you should never give up on your dreams.
Hilarious!!
Not my fault your dreams are full of shit...
Higher wages, higher taxes collected. Including social security tax.
The gain at $15 per hour? Subtract 7.36% for state & federal taxes, then 7.65% per hour for social security & medicare in California. On 80 hours of work you get $992 every two weeks. Food costs, transportation & rent? Got kids? (Ouch). Well, you may still need to work in the evenings if you have a lifestyle that requires you have more cash in your pocket. But at least you can get a Federal tax refund...maybe.
I live in the south , we are a little backwoods here. EMT's make around $15 an hour, LPN's not much more, and these people " deserve" $15 who can't even figure out how to build a cheeseburger?????
$15 is only part of it. As an employer there is all the extra cost in taxes Medicare medicaid so your talking $17? extra cost. When you talk about copper going up and replacing it with a cheaper metal no one says anything. But if you talk about automation because your labor cost are high you get beat up. I don't think people know that the state is not doing anyone favors running the cost of everything up.
What taxes ? You write off all employees salaries on taxes. If corp. tax is 39% and I make $10 Million in revenue. I pay my 30 workers minimum wage. That's $900,000 dollars full time. I just wrote that $900,000 off on taxes and whatever else insurance/bonus/paidleave/whatever else off on taxes.
+SoulFlavor18 That is true on a basket level. But a write off is part of the cost of doing your business. It is a cost! Labor is no different. You make it sound like the business guy makes out because he gets to write off the cost of doing business. If I make a cup of coffee and sold it to you for a $1.00. I didn't make a dollar. The cup cost money , the electric cost money, and the coffee cost money. So in the end I MAY make $.40 cents. Then i have to pay taxes on the .40 cents. Also Things can go bad. Nobody buys my coffee. I am still stuck with all that cost.
+Burton Nelson and to your original point, there are associated taxes an employer pays on wages. Given that they are a percentage of your wage expense, they too will go up. Unfortunately these discussions are being had with people that don't know the difference between revenue and pre-tax profit. I forgot about the wage tax impacts - thanks for the reminder.
@@SoulFlavor18 I know of a business, that I used to janitor for. The owners made a profit of 7-8%/per year on a weekly intake, seasonally, of about 5-7 million dollars per week. However, they paid their overhead, which you think is a write-off, and the rest they reinvested in the business. They lived like upper-middle class, and leased their personal vehicles. For reasons of libel, I cannot tell you the name of the business, nor where it is.
The politicians don't care about you losing your job. Isn't $12 an hour better than no $ per hour? How much better off are you working 20 hrs per week at $15 an hour. Companies have already stopped hiring full time employees to avoid having to pay health care costs for full time workers, and now have more part time workers. We have been watching stores closing all across the country, Sears, K-Mart, Wal-Mart, JC Penney, Radio Shack, McDonald's, Dunkin Donuts, Models, Sports Authority, Grand Union, Pathmark, Acme, A&P, to name a few. Just what do you think is going to happen when the labor costs increase by up to 30% in some remaining stores. Good bye stores and Good bye jobs. A point is reached where it is just not worth staying in business any longer, not worth the headaches. Close the business and put your money somewhere else.
$15 Minimum wage is rent control on the worker.
+Lurker1979 The true long term effect is mostly a reduction of commercial rents in favour of residential rents. Short term it can raise some wages and cost some jobs, depending on the local conditions and rate set.
+schumanhuman The whole thing is flawed. Tax the rich, not the poor. Free Enterprise, not Corporate Capitalism!
Scott Norman Rosenthal We should not tax the rich because they are rich, but should tax them when their incomes are unearned. An unearned income is an economic rent, and most of these materialize in capital gains on land monopoly rights. Reclaim those and enterprise and labour can be free. That is precisely what classical laissez faire economics was founded on.
$15 minimum wage is another government roadblock will further the state against Blacks.
+Lurker1979 we call that price fixing... lol
The problem with low skills jobs having a 15 dollar minimum wage is that one job that requires just a little more skill is going to ask for more. The cook in a restaurant is going to ask for 17-18 in a fast food restaurant. The secretary is going to ask for more and then it gets the ball rolling. To cover this, employers have to layoff employees, raise prices, which could lead to people buying less or none at all. Also most of these jobs are a stepping stone to help you wanting to improve your life; not to stay there forever. A good example I tell my friends was that when I was in elementary in the early and mid 1990s we didn't have a computer in my house. But my public school when I was in the 5th grade loan us a computer for 4-6 months. We were able to surf the web and there were educational programs in them for math and reading. I prefer math lol.
After returning the computer I really wish I had one at home. After a couple of years my parents were able to buy one and soon after while working at a supermarket I was able to save enough to buy a laptop. If you give everyone everything they want without having to work for it then why even bother working. If one day governments decide to give low skills workers health insurance, food, shelter, free higher education, etc. Then why would someone need to work hard, those who have loans to become doctors or lawyers are going to decide its not worth it and just have the government take care of them. You will have a breakdown in the social order. Back in 2004 NYC lower the starting pay for NYC police officers to 25100, just 100 dollars above what it would needed so they wouldn't qualify for government assistant. At that time the minimum wage was 7.50 , after a police officer was done paying union dues, health insurance, taxes, uniform upkeep, they were making the same as a McDonald worker. Do you actually think people with skills or an education were signing up to become police officers? No, many of those hired had spotty records or something in their application that would have disqualify them, many would have rather instead work for McDonald where they wouldn't have to risk their life. I saw on the news of a female who had 4 kids and with the 1200 she made monthly she couldn't pay the rent and buy food for her children. She ended up getting in trouble because she was getting food stamps. You will also cause businesses to invest in new technology that will replace the workers. I've seen in Mcdonald automated tellers, if you go to carwash business they only have 4 workers to run the place instead of 10-12 they used to have before.
I have seen many other studies that suggests that a minimum wage increase leads to no change at all. Since companies can very easily afford to pay higher wages and they just choose to take a slight cut into their profits.
It also usually doesn't lead to an increase in prices cause a minimum wage is not the same as an increase in all incomes. A lot of other wages and alternative sources of income remain unchanged. So the purchasing power of the poor increases and since they are such a large group consumption goes up.
A high minimum wage actually is better for the economy by serving to redistribute wealth and increase consumption. It's bad for the upper class but good for the economy as a whole. Not to mention the whole argument just makes no sense as the US used to have a dynamic minimum wage for decades and when it was in effect America was living through what most consider to be it's golden age.
The real problem is rent control.
Rent goes up when wags go up.
The market controls prices but this is a hamsters wheel.
The higher the wages the more rent can be charged.
Increasing minimum wage is on a temp fix that lasts maybe 6 months to a year.
By this time next year, we’ll be right back at square one.
It is my property and I can charge what ever rent I wish. Look at NYC for rent control, landlords let the properties just rot away resulting in less rental units available. If you try to control the rent I charge then I will take it off the market and enjoy the tax write off while you freeze in the snow. Have a nice day.
This thinking is the problem... Your monthly spending is not your employers responsibility... If you don't make much, don't spend much... If you make more, you can spend more... Minimum wage jobs aren't meant to afford you an appartment and 2 kids and a dog...
Thing is there are countries where they do this and don't have that problem. Not to mention landlords don't seem above charging people more rent than they can afford.
I would even PAY to be hired in some companies, just for the sake of experience and getting some business contacts.
Sure you would
+Sergio Botero enjoy eating ramen every meal for your unpaid internship.
s0nnyburnett Oh no it's a paid internship, you misread
It doesn't matter what you know, but who you know. They'll have tons of information for you
I don't know about paying for the experience but I understand what you are saying. People do not understand the importance of experience for an unskilled worker.
Nick. great questions, great answers.
For $15/hour employers should be able to demand a bachelor's degree from all of their entry level employees.
The economy is so bad that they practicality do that anyway...think about the idiot Millennials who spent tens of thousands to party for four years just to end up working in retail.
They can
I love coming across these videos. Recently I was in target and there were 0 cashiers. None. The self checkout lane had a line of 10+ people waiting for the 4 kiosks available. I'm sure it won't be long before that is the norm. I can't even find a grocery store now where they have cashiers AND people packing your groceries. Probably won't be long before they phase out customer service completely and do all returns via UPS or some form of shipment.
hard work does not equal high pay-- it's a given and is expected. a skill that makes you valuable and difficult to replace makes a business (which by definition are to maximum profit) willing to pay you a living rage. skill=higher pay
hard work=expected on all jobs. you may work hard at a motel I'm not arguing that. you may be a good employee but you are not skilled in the sense that you can be replaced fairly easily with anybody. don't be ashamed of any job, find a place you can work up, work hard and fight for better jobs, not better pay on a low paying job.
+Chris Hall They \have the numbers and the votes to force a change, and most will no longer work for the single digit wages. Even if all of them had degrees there is not enough high paying jobs for most of them. There just not being created, these jobs are being outsourced. There already large numbers of skilled working in this wage market. Now the Country has a crisis on a epic scale.
+Chris Hall But we hear all the time that hard work pays off...so which is it? Is it hard work or is it having a "skill"?
Jamel Salter A lot of people are tired working hard for poultry pay, then making someone else rich. No raises for years on end. I agree with raising the minimum wage, but it is not without consequences.. If it goes to high it is going draw in skilled labor and then unskilled workers will not be able to compete for those jobs.The cost of everything has been going up but not wages. Now there so many more minimum wage workers they have a become powerful voting section of the population. And the people who control the money are a minority without the power to stop some of these changes. To them this is unfair and frustrating.
Ben G You don't seem to realize what I was saying. McDonald's isn't worth more than 10 dollars. It's not even worth 9. It's meant for new workers and maybe some part timers. Then the idea is to move UP, into a higher and better paying position. A skilled position. I'm 20 years old and I started off at 7:35 two years ago, have no degree and am now at 12 dollars an hour at a great job. Still planning to move up, and thankful to God that I have what I have. But did I even have the right to demand 10 dollars an hour at my first job (host at a restaurant). No. Even though I became the leading host and was well respected by management, I was still working an unskilled job at the end of the day. And while they liked me, the job itself was replaceable with other 18 year olds. Most minimum wage supporters don't seem to realize that a job like McDonald's or a host or a cashier is not worth 15 an hour.
Chris Hall If there were more higher paying Jobs this would never be an issue but instead they outsource those jobs to other Countries. Corporations and politicians refuse to listen and keep insisting signing these unfair trade agreement that the people do not want.. So for a lot people this their only option is to force higher wages in these type of wages. they have numbers and the voting power to get it done. If these people failed to start listening to each other and start coming up with real and fair solutions, things are only going to get whole lot worse.
The day a person begins to become an adult is the day they leave their parents home.
Okay boomer. That thinking is a sinking ship. Enjoy the bottom of the ocean. ✌
Small restaurants and cafes aren't installing kiosks They are just closing their doors...
There should be no minimum wage .
I am currently writing a study that finds increasing the minimum wage decreases unemployment. My source is my ass.
On a side note, I am going to go from making double minimum wage to a dollar more than minimum wage in 3 years. I have never worked this close to the minimum wage before.
the price of EVERYTHING will go up dramatically
The more you study economics, the more you realize that the models we use to understanding the markets are far too simplified for any of us to actually know what the effect of something is going to be. For example, the series of studies from 2015 to 2019 on the effects of the $15 minimum wage started showing that there were declines in both employment and hours worked, which meant that people made less money as a result of the wage increase in 2015; however, in 2017-18 study found that the results had become neutral or positive on both employment and income, and in the most recent 2019, they found that the effect had become positive, as people were working more hours on the new wage and had a resulting increase in employment, spending power, and demand in the restaurant industry. The counter-argument to these latest results was that Seattle was "unique", that it was booming before the wage hike and simply continued to do so, and that these results couldn't be replicated in other parts of the US.
Believe it or not, this counter-argument is the reasonable answer, because as I've mentioned before, we actually have no idea why anything results in anything else. We have no idea why it worked in Seattle because the market is too complex for any human, or even any group of humans, to accurately predict what is going to happen. We measure the results and throw a theory at the wall and hope that it's accurate in this context, but chances are, it isn't. All the preconceived notions that we have are bullshit, like this idea that raising the minimum wage will mean that all our jobs will be automated. Let me ask you something, would you prefer to eat at a restaurant where you are served by a robot, or would you prefer to be taken care of by an attractive, young, waitress? The market adjusts to human demand, and humans are social creatures. The robots will just have their place in the marketplace just like humans will.
Also, this idea that lowering wages will mean that more unskilled workers will have jobs is not necessarily true. All we really know is that it was true in the past, which doesn't necessarily mean it will be true tomorrow. If the competitive advantage of a specific company was customer service, you would only hire the best people you can, which would mean you would have to pay them as much as possible. No company could pay workers soo little that it would diminish their advantage if they hoped to stay in business. The companies that would hire the cheapest person are the ones that have low prices as their only advantage, and there is nothing stopping McDonald's from replacing them with Kiosks. The Kiosks are cheaper than paying someone $7 today, and they get cheaper every year. The race to the bottom when competing with tech is a short-term game, and the unskilled worker always loses. We don't even know that the laws of supply and demand are accurate because various goods and services have contradicted it in the past. Inelastic and sticky goods are a thing, and we don't know what future products or services will fall into these categories. Be wary of anyone that tells you that they know what the results of a policy will be, because context matters, and no one can take into account all of the confounding variables. All we can really do is try new things when what we are currently doing isn't working in the hopes that it will lead to a better outcome.
I live in Alberta where the minimum wage is $15 an hour. It is extremely difficult to get a job and two years ago I managed to get my first job that paid $50 a month for delivery of newspapers which counting the amount of time it took me boiled down to a rough 25 cents an hour. In a place where a chocolate bar costs no less than 2 dollars this was really unfair and I ended up quitting as soon as I got the check. But it was the only job that would hire and pay a 15/16 year old without experience. The competition here is severe, and all my friends who have jobs work really hard and find it to be really stressful and tiring. With school and everything, working is really unrealistic unless you want to sacrifice your grades for it. So most teens don't work but volunteer during the school year so they can get at least some experience to be hired around the summer. I wonder if the case would be different if our min wage was around 12 dollars an hour, there would be less heavy work cast on teens, and more teens having the opportunity to work and earn money.
There's no point in talking about the minimum wage without mentioning how it compares to the Economy and price of Housing and goods
I started working for $4.25. I got pay increases for my experience and work ethic. Then minimum would go up and prices would go up and I would be back a minimum. Right where I started. If we raise the minimum high enough everyone will be poor except the people that make money from capital
When they can't find a job then they will ask for universal income.
Went to Target yesterday. Kids are getting $15 an hour to wipe down shopping cart handles with sanitizer.
$15 minimum wage everythings price will go up rent too end up low wage will pay more
And if well all got a cut of Bloombergs money and had 1 million each the price of a loaf of bread would be $3000.00! Yay...using fake news Liberal Democrat math
Don't get mad when a robot takes the your's and 5 other coworker's jobs
The original study was done before there were; self order kiosks and self checkout machines. So the main grocery stores in my town both have self checkout machines.
Seattle did it and the businesses said that suddenly their own employees could afford to buy the food they were selling. Giving money to people who need to spend it immediately is not taking that money out of the economy.
And actually one of the first people who knew this was Henry Ford. He payed his employees over twice the average wage which was conveniently just the right amount to buy a Ford car.
I have tried to negotiate with my emploerers but they refused! They feard getting in trouble with the state.
Go to university and get a STEM degree.
John Klitsko Or Be an entrepreneur.
John Klitsko with what time and money.
lisa smith You obviously don't know much about the STEM field if you're worried about not finding a job after getting a degree in that field.
M BR that’s why there is not many women in stem fields.
@lisa smith Really? STEM = Science, Technology, Engineering, Math. Essentially being taught things like petro-chemical engineering which pays a 6-figure income.
Recent holiday (vacation) in the US. My meal never arrived because the waitress forgot to order it. It shows when the job went to the lowest bidder. At least we don't have that problem at Burger King where you do the ordering yourself.
I think the way to combat low wages would be to have tax penalties on companies to hire new employees. It would incentivize employers to keep workers around by either paying more or improving the Working conditions. We should make employers want to keep low skill workers happy so they stick around and they don't get hit with a hiring tax from high turnover.
Reason is Awesome.
Great guest.
Easy fix, we'll just print more money!
s0nnyburnett You did it! You fixed the economy!
@@hugehappygrin
Woosh
Everyone is so happy to call minimum wage workers worthless. That fast food cook/server? You demand the service they provide and yet deny that they deserve a wage they can live on. If you think that everyone working min wage is so worthless, maybe you should consider how much you use our service. A good amount of the things we deal with, primarily dealing with the public, make us say "They don't pay me enough to deal with this". Min wage isn't always about cooking fast food or serving tables. Because if one thing goes wrong too many people are happy to scream in our faces, and they sure as hell don't pay me enough to deal with that abuse with a smile.
tldr: Stop using and creating a demand for a service if you don't think people deserve a liveable wage.
Correct me if I'm wrong. Could there be more industries open and more jobs created before raising the minimum wage so it balances out?
I ended up homeless 2 years ago, and here I am, still in my car, till I am caught for bad tags. Yeah, this move really hurt people like me.
Homeless with internet access.....huh....
@@iamtheoffenderofall I laughed only because some people actually did behave this way towards me. It costs $50 a month to keep an unlimited plan (like mine) kept on. I have this phone number, still, from when I was living with my children, and as a result, I must keep it on. Btw, I am without a house... California is supposed to be "home"...
@@alecfleming373 well...typical bum talk to me. See them all around my city. I love when some idiot at the last second tries to give them money at a light that changes....i gun for each and every one of em. Then the horn honking, lol fun times. And my state, people drive like garbage and hit those bums at a regular rate.
@@iamtheoffenderofall Yeah but you'll never see me begging for change. Never. Because I didn't do homelessness to myself. If I was to have you do that to me, well, you shouldn't drive like that, because I'm packing more than a baseball bat, and I have already lost everything. So, what's the point in not teaching? Careful when pushing a man off the edge, he might just take you down with him...
@@alecfleming373 you pack a bat, I pack a 45. Good luck with that match up, lol
The data goes back to the 60s and it always cost. higher prices and fewer jobs. I'm an economist too.
Just a few quick thoughts...
1) If small start ups have to pay this, it will limit entrepreneurs from entering business. This is a big deal since about 80% of start ups fail in this country anyway.
2) Depending on the type of business, the total cost of paying $15/hr. is from $22/hr. to $32/hr.
3) Those who have never been in business or attempted have no idea what an owner goes through... I know a man who slept in his small office for months and ate popcorn for dinner... and people resented his success. How about those sleepless night trying to figure out how to pay your bills and cover payroll? I'm just saying that most people have no idea what it takes to start a business... the level of commitment.
Zero-Sum.
Upper middle class and higher are pissing in their pants.
So this is what happened to Luke Skywalker after he disappeared at the end of The Last Jedi.
I thought he’d become one with the Force, but no, he took up a position as an Economics Professor!
Look what happened to Detroit when the Auto industry went on strike machines came in people went out. And that wasn't really that long ago. How quick we are to forget.
The issue is the greed of the owners not the workers who want to be paid fairly. Employees are more important than employers. They make up way more of our country than the employers do.
$15 an hour minimum wage can't even buy you a house in New York
go to Texas
The reality is that when you evaluate the minimum wage against the Cost of Living Index the minimum wage should be $23.19 an hour.
And landscapers should charge $800 to mow your yard to pay their skilled employees $75 an hour if min wage is $23
Do you really think everything else would remain at the same level if the minimum wage had gone up? It's all about buying power. If I'm making $25/hr as a skilled worker with a degree, do you think i am going to be happy making minimum wage, same as a McD's worker? My wage is going to go up and then my superior's wage is going up etc etc.
Mark Hamill is that you?
Well said Don. You have a great grasp of the situation and the evidence is in the reality of what happens in the world.
The prices at MacDonald s now is like paying for a steak dinner
Not really.
But it's not super cheap either
They miss the one big problem with $15/hour. If people are forced to pay $15/hour they won't hire unskilled teenagers anymore. If I have a job opening and I am forced to pay $15/hour for the person I hire and I have two candidates: One is a teenager and one is an adult with work experience who maybe cannot find a job in their field and needs to make money, I am going with the person with work experience
Absolutely correct.
Aren't you already going with the person with work experience anyway? So what's the difference?
@@wasd____ it means that kid won't get a job so long as an older more experienced worker is available. Which happened during the recession; older people got the jobs that teenagers usually did for the summer or to help pay for something (new car, tuition). Why do you think so many continued to live with their parents?
@@MotoroidARFC That sounds like an argument for avoiding recessions, not an argument for being allowed to pay people a wage that would keep them trapped in poverty.
@@wasd____ min wage jobs are starters or stepping stones. You're not supposed to stay there. You keep looking while you do the min wage job or put yourself through some form of training to get a better job. I've done minimum wage job twice in my life: When I was a kid and wanted to get a Mongoose and in the late 90s before I found a better one at the airport (which led to another, even better job which lasted nearly 10 years).
The minimum wage was NEVER intended to be a living wage!
FDR categorically disagrees with you. "No business which depends for existence on paying less than living wages to its workers has any right to continue in this country."
Raising the minimum wage without freezing prices first is plain stupid. Companies will just raise all there prices and cry for government bail outs and tax right offs.
Working for lower pay isn't a "bargaining chip" -- it's an act of desperation. The $15/hr minimum wage only seems high because wages have been stagnant for two decades. Time to pay the piper.