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Here are both sides of the $15 minimum wage debate
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Күн бұрынPresident Joe Biden is expected to sign an executive order directing federal agencies to "develop recommendations" to raise the minimum wage of federal workers to $15 an hour and eventually include private contracts who do work for the federal government. CNBC's Steve Liesman reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
With Joe Biden’s inauguration as president of the United States, the country is perhaps closer than ever to a $15 federal minimum wage.
In a speech last week, Biden outlined his $1.9 trillion American Rescue Plan, which will send aid to those hit hardest by the coronavirus pandemic. Under the plan, Biden will call on Congress to raise the federal minimum wage to $15 per hour from the current $7.25. The federal minimum wage has not been increased since 2009.
While boosting the federal minimum wage to $15 is popular among some lawmakers, activists and consumers, it still faces a lot of opposition to becoming law.
In 2019, the U.S. House of Representatives passed the Raise the Minimum Wage Act, which would have incrementally increased the hourly wage each year, reaching $15 in 2025. But then-Senate Majority Leader Mitch McConnell, R-Ky., blocked it.
Even though Democrats now have a slim majority in both the House and the Senate, it’s not a given that Congress will be able to pass it as proposed, and the $15 wage is a sticking point for a number of lawmakers.
“If the federal government mandates a universal $15 minimum wage, many low-income Americans will lose their current jobs and find fewer job opportunities in the future,” said Sen. Pat Toomey, R-Pa., in a Friday statement.
Can a $15 minimum wage be passed via reconciliation?
Democrats could potentially use budget reconciliation, a legislative tool, to pass the bill by a simple majority and avoid a Republican filibuster. Sen. Elizabeth Warren, D-Mass., on Friday seemed to reference using reconciliation to pass a $15 minimum wage.
“If the Republicans want to drag their feet while working families struggle, the Democratic majority should use every legislative tool available to pass it,” she tweeted.
To be eligible for reconciliation in the Senate, policies must be tied to the budget and impact outlays and revenue - they can’t be incidental. Democrats could potentially argue that a higher federal minimum wage does have a direct effect on the budget, but it’s unclear if that will work or if that’s the route they will take, said Sarah Binder, a political scientist at George Washington University and the Brookings Institution.
“There’s an outside chance you could do it through reconciliation, but I think what I take away from this is, in fact, you need a supermajority and Republican support to get this done,” she said.
Democrats could decide to take the $15 minimum wage provision out of any bill they may pass through reconciliation and attempt to pass it as a stand-alone or with other legislation. If they do that, however, they’d need all 50 Senate Democrats to agree on the legislation and votes from at least 10 Republican senators, said Steven Smith, a political science professor at Washington University in St. Louis.
That’s unlikely, he said.
“The Senate Republicans are a pretty conservative lot,” he said. “Once you get beyond three or four of them, you probably can’t find votes for it.”
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@ralph7545 3 жыл бұрын
No one in today's USA economy should make less than $15/hr.
@renabshire4704 3 жыл бұрын
Highschool kids flipping burgers dont have a family to support and if you do then get off your ass and 2ork harder for more money.
@vegetalover1009 3 жыл бұрын
@@renabshire4704 excuse me high school kids have a new life to start tf. They gotta pay for college cars and homes once they’re on their own.
@iamcosma7065 3 жыл бұрын
@@vegetalover1009 then they can acquire the skills to make their labor valuable enough to afford those things...
@RedPillGrimReaper 2 жыл бұрын
Including the ones who are generating less than $15 per hour in productivity?
@PornIsHate 3 жыл бұрын
In 1980, corporate CEOs made an average of 42 times more money than their average workers. But over the last two decades, CEO pay has ballooned to nearly 350 times more than an average employee, according to Sarah Anderson of the Institute for Policy Studies. The organisation reported that nearly 80 per cent of S&P 500 companies paid their CEO more than 100 times the median salary for their average worker in 2018, while nearly 10 per cent of those companies paid median incomes that were below the federal poverty line for a family of four.
@tobyrucker 3 жыл бұрын
This is not an argument it's an emotional manipulation. $15 per hour is a totally arbitrary number plucked out of the air with no actual real-world economic or market forces to dictate it. How hard is it to replace a minimum wage worker as compared to a CEO? My first job was bagging groceries. My "training" was watching a 20 minute VHS tape and being turned loose to do the actual job. When I left they showed that same VHS tape to someone else and they took over the job. If I can train to do a job in 20 minutes explain to me why your wage should be artificially inflated to a number above your market value? You want to make more money then go get more skills.
@Utterance616 3 жыл бұрын
@@tobyrucker Emotionally charged, sure. Although perfectly understandable considering the eroding material conditions of which many live under. 15/hour was a wage posited in 2009 as a number that was proportional to inflation, so not arbitrary. It's been fought for in every generation past, this time so long that it isn't even the standard anymore. www.epi.org/publication/raising-the-federal-minimum-wage-to-15-by-2024-would-lift-pay-for-nearly-40-million-workers/
@BigBoy-zb9jc 3 жыл бұрын
@@Utterance616 Love how he doesn't reply
@allstarplaya 3 жыл бұрын
when they increased the minimum wage here in Toronto all our checkout cashiers were replaced by self-checkout stands
@briannerk3373 3 жыл бұрын
should be illegal, cant just believe in infinite greed. why i always go to the manned cashier.
@duckingcensorship1037 3 жыл бұрын
@@briannerk3373 "Should be illegal" 🤦♂️ No it shouldn't. Leftys don't understand basic economics. That's like saying a bulldozer took the job of 100 men with shovels. What happened to baggers at checkouts? Don't need em 🤷🏼♂️ What happened to people that pumped your gas? Don't need em 🤷🏼♂️ Those people are employed in other ways in our society. ..or keep the minimum wage lower, and jobs like that might still exist, and they'll exist for otherwise unemployable people. Progressivism is really regressivism. (Mostly.. some balance is necessary)
@briannerk3373 3 жыл бұрын
hahah you are a sociopath!
@duckingcensorship1037 3 жыл бұрын
@@briannerk3373 Lol, thanks for the diagnosis. Are you a professional? Lmao.
@duckingcensorship1037 3 жыл бұрын
@@briannerk3373 So you want a government mandate of a living wage? Then when companies cut back on employees and find less expensive alternatives, you want a government mandate that they can't be fired. Guaranteed employment.. Then, I'm guessing, when the companies drastically raise their prices on everything, you'll want a government mandate for price controls? Where does this end? Or am i being a sociopath?
@johnd.1211 3 жыл бұрын
There won’t be job loss because the jobs are already lost
@shaochiavang 3 жыл бұрын
@@enthused7591 lol, dude jobs are already going towards automation regardless. $15 min wage would probably just make companies speed up their progress towards it. Think about it.
@duckingcensorship1037 3 жыл бұрын
@Marcos R. I absolutely agree
@myclelo6153 3 жыл бұрын
Yeah
@MCarcheryHunting 3 жыл бұрын
I own a restaurant. I promise I will have to raise prices and lay off people.
@johnd.1211 3 жыл бұрын
@@MCarcheryHunting Hope all goes well for your business and staff
@kimtim5666 3 жыл бұрын
While I'm getting paid 20 per hour as an automotive mechanic , I want my wage also go up by 7.25; otherwise I'll settle for easier job making 15/hr. The inflation has domino effects
@zebunker 3 жыл бұрын
Only 20? Wow. In the 70's you would have been making 40. Start a union today.
@danhammond9066 3 жыл бұрын
In North Dakota starting wage at Sam's Club is $21/hr. Boy are you underpaid. I do not know what the going rate is for an auto mechanic here. Most skilled trades are around $30/hr. Taco Johns head hunters just sent me a letter looking for store managers in North Dakota starting wage $100k/year. I would like to add about inflation, we need some. Inflation is too much money chasing too few goods. We have fed funds rates at zero and constant talk about going sub zero. We need a bit of inflation to happen so that we can lift interest rates to around 5% to give room for the next recession. The government is handing out free money several times a year with covid, and zero rates and still no inflation. Even with goods being under supplied to the stores during covid and still no inflation. So maybe 15 minimum wage will do it.
@silentj624 3 жыл бұрын
You are more than welcome to do that
@its_saber1525 3 жыл бұрын
Imagine goinyto college for lets say 4 years to be whatever and you make 20 an hour and some dude goes to McDonald's and just PUTS A PATTY ON A BURGER and gets paid 15
@danhammond9066 3 жыл бұрын
@@its_saber1525 That is fear talking. Has no bearing on reality. Because the same argument has always happened in the past when they hiked minimum wage. And it never worked out that way. But if you truly feel that way then what are you doing going to college? The reality is college has in the past always paid off. You always got a good job that enabled you to pay off college costs inside of 5 years. That was the college difference. It has not been that way for the last 10-15 years now. So already the college jobs are under paid compared to the standard of living they used to provide prior to that time frame. Perhaps a boost in minimum wage is exactly what is needed to fix this issue.
@AinsleyHarriott1 3 жыл бұрын
Well why don't we look at California and Seattle as an example of what happens when the minimum wage is raised to 15 dollars? We don't look at it because the evidence is grim.
@jeffmcminn4674 3 жыл бұрын
Restaurants here in Texas have said they would pay the 15.00 to there waitress staff, But they would loose there tips.
@walterbenja7052 3 жыл бұрын
Tips will go to the boss? , you mind that the boss will have to work, you're joking 😂😂😂😂😂 Tips are for real workers
@gabrielsnotdead6912 3 жыл бұрын
Yeh that's exactly what will happen. We have minimum wage in the UK therefore we dont accept this most of the time because the employer is paying a living wage. Tbh if you tipped everyone in customer service you'd be bankrupt.
@watd3287 3 жыл бұрын
@@walterbenja7052 -- There would be no tipping allow. A few businesses do that now and the staff have a steady income as opposed to 100.00 on Monday and 350.00 on Friday.
@austinhendricks8658 3 жыл бұрын
@@walterbenja7052 Consider redistributing tips amongst the workers until they cap at $15 an hour and the extra goes to “the boss” to account for a higher mean labor cost-it’s not rocket science buddy.
@walterbenja7052 3 жыл бұрын
15 box regulary is better than tips But the custumer can also give tips, in UK service is inclued but people still give tips😁😁😁😁😁😁
@shadysnake8282 3 жыл бұрын
Because all millionaires care about the “economy”
@jonsharon3434 3 жыл бұрын
The free market works because private sector millionaires are greedy. That’s why you have a computer and a phone. You don’t have those things because Billionaires like you. You have those things because they weren’t satisfied with a million dollars.
@shadysnake8282 3 жыл бұрын
@@jonsharon3434 exactly
@professionalcommenter5 3 жыл бұрын
@@shadysnake8282 are you suggesting millionaires do not care about the economy? lol remember this comment. The fact that you think this way, and truly believe it, will be the reason you will never have financial wealth in your life
@shadysnake8282 3 жыл бұрын
@@professionalcommenter5 , so you are saying that millionaires care about the well being? They do all this “empathy” to people to gain status in society. And They are simply doing it as a means of gaining authority. If you honestly think they care, you need to educate yourself.
@professionalcommenter5 3 жыл бұрын
@@shadysnake8282 Who said anything about empathy. You literally said 'Because all millionaires care about the “economy”', inferring that millionaires do not care about the economy. You think wealthy people do not care about the well being of the economy. If the economy crashes who do you think it will impact the most? and you're telling me I need to educate myself lol To your point about empathy, why does it make a difference to you if they have empathy or not? Let me guess you support the $15 minimum an hour minimum wage, because you want a higher salary is this correct? lol
@cheeseman0125 3 жыл бұрын
15 dollar minimum wage would be bad for the country
@pete6705 3 жыл бұрын
I don't understand why they wouldn't just slowly and gradually raise it, and study how well it's working out, instead of doubling it all at once and potentially nuking the whole economy
@boringusername7879 3 жыл бұрын
@@pete6705One of the bills that the Senate voted down would gradually raise the minimum wage over a period of five years. I think Florida’s doing the same thing. So I don’t think that the government would abruptly raise the minimum wage because like you said it could hurt the economy and if it is done gradually businesses could adjust more easily.
@pete6705 3 жыл бұрын
@@boringusername7879 That makes a lot more sense to me. But if when they are gradually raising the price, it's causing a lot of unemployment, they should be able to stop raising it
@ronijr4918 3 жыл бұрын
Yeah they're silly and stupid
@ryanguy6789 2 жыл бұрын
Yeah let's have a debate about whether a worker should be able to afford a basic way of living their life or not. Meanwhile, the rich keep getting more and more filthy rich by the day. Absolutely disgusting that this is even acceptable as a topic to debate over.
@brucecampbell4528 3 жыл бұрын
As a person who works at a smaller business, if we go up to a $15 minimum wage we will go out of business. We can not afford to an pay unskilled laborer that much.
@edgar22452 3 жыл бұрын
So u want people to struggle huh? You're selfish.
@enternamehere142 3 жыл бұрын
@@edgar22452 What about a business that barley gets by, BUT, makes it their mission to hire workers with mental disabilities. a 15 dollar MW would mean half of them are let go. The only answer I see is either, Wages should be determined by the business and not the Gov, or an increase to 10 and not 15. Wages need to go up, but there is a lot of grey area.
@edgar22452 3 жыл бұрын
@@enternamehere142 Really now? So u don't want people to struggle?
@belamnguyen4517 3 жыл бұрын
Just raised up the price and cut less workers..... we don’t have so many customers anyway, why need so many workers.... raised the price will pay for supplies and rent....
@enternamehere142 3 жыл бұрын
@@edgar22452 lolol
@TheM0joDoj0 3 жыл бұрын
My first job was at a grocery store in 2001 and I made $7.10/hr. Since then we've had a tech bust and boom, a housing bust and boom, and we're staring down a greater depression. And after all that we still need the government to force minimum wage higher. I don't know how anyone can look at the last 30 years and say that the US form of capitalism boosts prosperity and relieves poverty. Through a series of corrupt policies, we took a workhorse farm truck and converted it into an leather plush Uber only the rich can afford to ride in.
@sicool09 3 жыл бұрын
In the most positive way possible: if your quality of life depends on a Minimum of anything, you need to reconsider. There are literally endless opportunities to learn practical skills and make money where you don’t have to rely on a set price per hour of life that someone else sets for you.
@stephenmarzka 3 жыл бұрын
Facts! Try harder. Continue to learn and push yourself with any job you have regardless of what it is! Be the best at what you do!
@sneakysquirrel4253 3 жыл бұрын
Some people like a more simple job and just want to live a more simple life. The problem is when you can't even do that.
@sicool09 3 жыл бұрын
@@sneakysquirrel4253 fair. To each their own.
@unlimited3680 3 жыл бұрын
But then who is going to work at McDonalds and these minimum wage jobs? Who is going to collect your trash?
@Utterance616 3 жыл бұрын
Or do both? Circumstantial factors influence one's capacity to realize their potential. No amount of personal responsibility in the abstract resolves Monospy market failures. In addition, needing to counterbalance full-time school alongside working full-time with a roommate is self-evident that the material conditions of which many lived under, are slowly started to erode. This also doesn't even begin to consider those with mental illnesses or those who are going through personal struggles.
@zebunker 3 жыл бұрын
15hr is not even a min wage, you cant live or survive on that low of a wage.
@jlo6388 3 жыл бұрын
Then people shouldn't aim for that, should they?
@Saberwolves84 9 ай бұрын
@@jlo6388there’s not enough higher paying jobs for everyone to move up to
@JimV90 3 жыл бұрын
Also, think about all the people who were already making 15 dollars an hour or more at their jobs. They are going to demand a raise to compensate for higher prices of goods and services that come as a product of forcing companies to pay higher wages.
@benb8321 3 жыл бұрын
nope. If you look at places that have increases in the minimum wage the cost of products doesn't significantly increase. Try again
@JimV90 3 жыл бұрын
@@benb8321 All depends on how much you raise it by. Doubling it, will affect our economy. And not for the better.
@jakejones5736 3 жыл бұрын
@@benb8321 Over time, it actually increases at a HIGHER percentage than the minimum wage increase. Why? Because not only does the business have to cover the minimum wage increase, but also the resulting tax increase!
@POLARISFPV 3 жыл бұрын
@@benb8321 cost of living increases however.
@Wolf-wn6nk 3 жыл бұрын
@@benb8321 You neglect the main point. A worker who has five years of experience and is getting paid 15 an hour is going to demand a large raise if new hires are also going to be paid 15. 😳
@goodlybot6910 3 жыл бұрын
But the rent Is sky high. Food is higher than ever. Every year rent goes up, not to mention it's been decade's sice a min wage went up. Working A full time job might have to add on another just to support my 2 kids. Rent is $1000 for a 2 bedroom. After working all them hours and buying food not to mention electric bills, plus house hold items ect ..I'm left with nothing. 15 dollars and hour will help alot.
@RIGHT-WING-PMP 3 жыл бұрын
This is the worst thing that could be proposed right now
@brucegrit8928 3 жыл бұрын
When has minimum wages ever been enough?,soon as it's implemented everything one consumes goes up in price.
@chandrarandall2922 3 жыл бұрын
Ah....the old republican myth/lie
@brucegrit8928 3 жыл бұрын
@@chandrarandall2922 I just received a 1% pay raise,my cable bill went up 20 dollars,is inflation a myth too?
@xxhyjynxx5939 3 жыл бұрын
@@chandrarandall2922 myth? Let me ask you... if you pay someone 7.50 an hour to sell apples for 25 cents a pop, and suddenly you had to nearly double their wages to 15 an hour selling the same projected number of apples, would you not up the price per apple or simply eat the losses?
@otzdarva2671 3 жыл бұрын
@@chandrarandall2922 jeez looks like democrats need to face the truth
@chrisrosa4393 3 жыл бұрын
@@brucegrit8928 is your employer... the cable company itself? 🤣
@professionalcommenter5 3 жыл бұрын
Janet Yellen. Spoken like a true person who has never run a business
@susanabuzzard1298 3 жыл бұрын
Instead of raising the minimum wage, lower the house prices to where its more reasonable to pay. Also make collage cheaper so more people can attend it and make careers.
@MrBlaze256 3 жыл бұрын
House prices good where I live. Paid 24k for 5 bedroom brick house
@susanabuzzard1298 3 жыл бұрын
In my area it's about 167k for a 3 bed 2 bath for a brick house
@sneakysquirrel4253 3 жыл бұрын
@@MrBlaze256 you must live in the most disgusting 5 bedroom brick house ever.
@MrBlaze256 3 жыл бұрын
@@sneakysquirrel4253 it's not. It even had a new metal roof when I bought it. It was a foreclosure and I went straight to the bank when I found out the people lost it
@sneakysquirrel4253 3 жыл бұрын
@@MrBlaze256 Sounds like u got real lucky then I paid 24k just for my car lol
@tedswirski2377 3 жыл бұрын
So because some may get laid off you should all work for poverty wages. Just stupid talking points.
@directorbeau 3 жыл бұрын
No, you should level up and not work minimum wage your whole life.
@LeftBlankIntentionally 3 жыл бұрын
@@directorbeau dude obviously doesn't have a job, you get paid on hiw well you work, if you dont work you dont get paid!
@FletchforFreedom 3 жыл бұрын
@@easyflowjoe875 Actually, what we do know is that Ted is spouting stupid talking points (like the imbecilic phrase "poverty wages". Ted's point is completely asinine and economically illiterate. The fact is that the *ONLY* affect of minimum wages has proven to be disemployment (cuts in hours, benefits and training and outright job loss). And the fact is that the vast majority of minimum wage workers do not live in poverty, in no small part because the tiny handful of workers making the federal minimum (or even close to it) are overwhelmingly secondary income earners - the great majority are students and part time. You want to make a point that makes sense, try making one that is factually accurate. Of course, given the fact that there are no factually accurate points that can defend the minimum wage (or socialism of any kind), you've git an impossible task.
@kickrocks7873 3 жыл бұрын
@@FletchforFreedom Carful, your facts will make Ted's head explode.
@kickrocks7873 3 жыл бұрын
@@easyflowjoe875 $15 per hour is about $30k annually before tax. So much for DEMOCRATIC SOCIALISM.
@arnoldmagnuson361 3 жыл бұрын
Look at the increasing numbers of working poor who live in tent cities, in their cars, or if they are lucky, with extended family. You have a whole generation that are living like nomads. I don't disagree with small businesses and their concern in expenditures that a 15/hr Increase would create, but what we are seeing all over the country is a transformation of corporate gentrification that is homogenizing every small town. Look at how your city looks like the town next to you, with the same corporate layout. The irony is that THESE are the same businesses that get massive tax breaks, while the mom and pop businesses continue to struggle and often shutter. Once again look at your own town...and it's these large corporations that won't pay a living wage while at the same time, needs people with EXPENDIBLE INCOME to buy their products....irony. The fact is that most Americans are tapped out and exhausted with just basic living expenses. Cities want to put up luxury apartments instead of affordable housing that the very people that cities need to work in their restraunts and in their service sectorors are pushed right out of living there. We are in a trance, focused on window dressing, while our foundation rots away. Housing costs is what needs to be addressed more than increasing the minimum wage, but both are important. If Government and big business have an interest in remaining a capitalistic leader in the world, they need to end this downward fixation of seeking out slave labor where ever they can find it, and plan smart communities where every job is valued (because they are...imagine a politician or corporate C.E.O. that can't get his electricity fixed or his dinner at his favorite bistro because the average worker cannot afford to live there) Otherwise, we might be headed towards some type of socialism by default. Its why so many young adults are already demanding it....
@iendoftime8781 3 жыл бұрын
Nearly,20 years since the last minimum wage has been Passed Vote these congressmen Out of Office for good !!!
@queennoneya601 3 жыл бұрын
T Our politicians have zero shame . Public servants/venture capitalist.
@Cantfindahable 3 жыл бұрын
Never mind the debate, through the last year while our country was in the midst of a pandemic.... most of the people that kept working earned minimum wage. “ essential workers” while many got unemployment and bonuses! More than they earned before! Grocery clerks, farm workers, meat plant workers, maintenance personnel, fast food workers! While the rest sat in their homes, isolating... protecting themselves... selfish people!
@TimErwin 3 жыл бұрын
Americans: Don't increase wages! "Those people" don't deserve more money! Also Americans: Why do I have no disposable income when I'm working 50+ hours a week!?!? It's not fair!!!!!
@duckingcensorship1037 3 жыл бұрын
People today also don't have a clue how to live within their means. Very little concept of value.. can't do a damn thing for themselves either.
@FletchforFreedom 3 жыл бұрын
They don't deserve more money and no one is saying the second sentence unless they are unimaginably incompetent with their money.
@awnzotheman 3 жыл бұрын
Start by budgeting.
@dioxideuniversal 3 жыл бұрын
It's almost as if Americans are not a monolith and these are two different this bring says by entirely different people
@TimErwin 3 жыл бұрын
Lol. Some salty comments. Working class Americans are sinking further into poverty while erroneously believing there's no way to increase wages, get universal healthcare, free education, etc. Until the bitter end, it seems...
@salroth420 3 жыл бұрын
When taco bell employees got this in my city the next day it was all touch screens to order!
@zebunker 3 жыл бұрын
Correlation does not equal causation.
@kailuamazon_3523 3 жыл бұрын
Ze Bunker That doesn’t apply here
@iamcosma7065 3 жыл бұрын
@@kailuamazon_3523 it does in that these business would automate anyway as it becomes cheaper to do than hire human labor. It’s much cheaper to buy a $15,000 kiosk that needs to be operated on every once in a while, than pay a human being $30,000 a year where they show up late and call in sick all the time.
@Leo-vc6rx 3 жыл бұрын
WOW!!!... Taco Bell was fast to act. I wonder if maybe they had already planned for that transition?
@miahipop987 3 жыл бұрын
The automation is coming. The new gold rush is called: mathematics, physics and programming.
@Jacob_Spang 3 жыл бұрын
conservatives will have a field day with that
@robertbrainard5651 3 жыл бұрын
i say before we automate everything else, lets make robots to replace politicians.
@miahipop987 3 жыл бұрын
@@robertbrainard5651 I think is quite difficult. Technically could be done, but i think the main problem is what the people want? Usually they tend to be quite inconsistent. For example you can't drink until 21, but you can enroll in the army, if you are terminally ill you can't take a drug that could save you unless it is approved, there isn't a link between homeless people in California and the rules that don't allow building of new houses. And so on .. .
@miahipop987 3 жыл бұрын
@@Bo12346hhgfgdg You don't loose if you spend at least 2 hours a day learning math, physics and programing during school. On the contrary. You win. You win a bigger salary. There are lot of jobs that require an algorithmic mind.
@miahipop987 3 жыл бұрын
@@Bo12346hhgfgdg Of course is has to do with education. In my domain of expertise there are of well above minimum wage jobs that require a algorithmic thinking. The machines and robots must be configured, maintained and repaired. I remember the cool guys in the back of the classroom laughing in the face of the "nerds". Who is laughing now? And I am not talking about true "nerds" that are the engineers that are designing the robots and machines.
@alandiaz9701 3 жыл бұрын
We’re so F’d!!
@ocostich 3 жыл бұрын
I'm all infavor of raising the minimum wage to $15 an hour, but no more other welfare - Medicaid, EBT, subsidized housing, etc. - none!
@chrisrosa4393 3 жыл бұрын
That would largely effect poor white families. How would that help during a global pandemic while jobs are closed?
@ronijr4918 3 жыл бұрын
@@chrisrosa4393 not our problem you can't budget
@iamcosma7065 3 жыл бұрын
@@chrisrosa4393 I think he means for people working. I think a lot of people working minimum wage jobs and taking welfare would be shocked that they actually have to pay for their bills and food, and hold off on the expensive manicures and Starbucks.
@Simqer 3 жыл бұрын
That is not an issue. De-privatise health care and social welfare. Increase the taxes a bit and give everyone health and welfare. This will force the government to mandate fair practice for hospitals and stuff.
@nolife1199 2 жыл бұрын
@@chrisrosa4393 No it wouldn't
@ExplainedClearly 3 жыл бұрын
All companies should adopt Henry Ford's way to wages. Agreed?
@queennoneya601 3 жыл бұрын
Yes. Uncle Ford's infamous 5.00 a day, back in the day made the middle class.
@jace8490 3 жыл бұрын
“Both sides”
@everythingforeveryone7654 3 жыл бұрын
If you don't want to pay employees a living wage then maybe you shouldn't be in business.
@everythingforeveryone7654 3 жыл бұрын
@@nicholesmith8077 That's not a very good comparison, and why would you defend pay people as little as possible?
@everythingforeveryone7654 3 жыл бұрын
@@nicholesmith8077 What's up with landlords? Your argument is pretty flimsy.
@everythingforeveryone7654 3 жыл бұрын
Wages have been depressed for decades. American workers have generated massive amounts of wealth and haven't been adequately compensated. I'd call it wage theft and you are trying to compare that to landlords and carpet. Weak argument.
@everythingforeveryone7654 3 жыл бұрын
@@nicholesmith8077 Very focused on home remodeling. Not a very strong argument. Let me guess you're worried about the price of big Macs also. No one can live on the current minimum wage and $15 is barely making it.
@everythingforeveryone7654 3 жыл бұрын
@@nicholesmith8077 These are very fox news like arguments. Supply side economics and trickle down are exploitive. People deserve a living wage. So if minimum wage is raised then the price of ducks will double, you won't be able to afford enough nails to build a new deck, and the cat next door will get hooked on pain killers. I understand now. 👍
@arrialexa1198 3 жыл бұрын
Raising the minimum wage will result in employers not being able to pay the employees the money and end up having to fire them.
@ronijr4918 3 жыл бұрын
Why not make the minimum wage $10? Because $15 will be so much that will make the buying power to decrease.
@New_Blue_2 3 жыл бұрын
In my state, which is a purple state, minimum wage is $12.00.
@kevinaguilar7541 3 жыл бұрын
Honestly we shouldn't raise it at all until the economy has been growing strong for 2 years.
@tech8222 3 жыл бұрын
@@New_Blue_2 AZ?
@4evahodlingdoge226 3 жыл бұрын
No it won't. All essential goods and services prices will stay practically the same. In Northern Europe the cost of food, housing, education and healthcare is all cheaper than the U.S while things like alcohol, eating out and things such as that are more expensive & that's with higher wages for the working + 20% VAT/sales tax which the U.S doesn't even have.
@tech8222 3 жыл бұрын
@@4evahodlingdoge226 Those countries technically don't have a minimum wage because there's unions
@ericanderson8516 3 жыл бұрын
There are no "two sides". I have studied econ and business extensively, and the obvious answer is that according to S/D curves, as hourly wages increase the number of people unemployed increases. This might be true in the short term, but in the long term, raising the minimum wage does more to reallocate more wealth to the people actually doing the work. If anything, minimum wages should continue to increase until they reach a real living wage.
@ronniehesson5074 3 жыл бұрын
Weither you make 7.25 or 15 an hour what good does it do without benefits or insurance?
@queennoneya601 3 жыл бұрын
pay enough so people can afford premiums.
@watd3287 3 жыл бұрын
been at 7.25 since 2009, that is 7 yrs of the Obama admin and 4 years of Trump.
@user98xp 3 жыл бұрын
It should be updated regularly to keep up with inflation and the cost of living.
@MrVic-qu9qh 3 жыл бұрын
@@user98xp That, Or help stop inflation and prevent big monopolies from purposely trying to squeeze the buyer for everything they got for a tiny apartment.
@ocostich 3 жыл бұрын
@@user98xp No, we should do a better job of educating and training people to have skills that are worth more money to employers. The display here of how ignorant most people are of economics is mind-blowing.
@jeffchai6561 3 жыл бұрын
We should raise it to $50! Can’t wait to pay $50 for a Big Mac!
@OneNewHope 3 жыл бұрын
When I visited DC (with a $15 minimum wage), everything at the dollar store still cost a dollar, a burger at McDonald's still cost a dollar, and I didn't see a significant difference in the cost of groceries. Do I think that the entire country should have a $15 minimum wage... no. But we at the very least need a minimum wage that keeps up with inflation.
@Micro2Macr0 3 жыл бұрын
Wow.. It's like you thought about both side of the argument, weighed them equally, and then came up with a conclusion that was in the middle.
@enthused7591 3 жыл бұрын
That's the most important issue. Keeping up with inflation makes sense, but minimum wage isn't designed for people who want to afford both the basics AND own a $200,000 home, AND have a lavish lifestyle. Minimum wage jobs are those that can pretty much be performed by a trained orangutan - or a machine. Minimum effort does not entitle people to being able to afford going out to bars and restaurants and paying huge markups on luxury goods. You need to learn skills and display the want to move up and take on more responsibility to afford those things. Hence why less than 10% of people in the US make minimum wage for more than 2-3 years before taking advantage of better opportunities.
@directorbeau 3 жыл бұрын
Many of the small businesses in Seattle moved outside the city to avoid them.
@enthused7591 3 жыл бұрын
@wolf masque Obviously you have zero life experience or any experience owning or running a business, so maybe you should sit this one out and let the adults talk.
@uvbakesandbeyond7049 3 жыл бұрын
And what the hell do you do that you find more valuable or skilled than what our modern society considers “important”?? Are you a programmer? Are you a medical provider? Are you a researcher in quantum field theory? Try being intellectually honest for a change. There is always a smarter and/or harder working individual out there. This isn’t the jungle where we allow survival of the fittest to rule. I would assume most pushing for minimum wage aren’t asking for those earning it to be living in beautiful homes and frequently dining at steak houses. It’s about bettering society as a whole. I’m sure I can find a group of people who find your line of work replaceable and “unimportant”. Let’s not cut others down cause there is always someone smarter or stronger or you name it.
@DavidEVogel 3 жыл бұрын
So the new wage will be $600/week? Americans will figure out a way to spend $700/week.
@DavidEVogel 3 жыл бұрын
@@Utterance616 Joe Biden has a Democrat majority in the House, and Democrat majority in the Senate. Why can he not get this $15/hour bill passed?
@strtgld1325 3 жыл бұрын
Time for the $19.99 Big Mac
@kickrocks7873 3 жыл бұрын
And only 1 patty. :(
@joaquinjr2570 3 жыл бұрын
That’s literally not true in Denmark a bigger from McDonald’s is about 27cents more but workes in Denmark get six weeks vacation one year maternity leave and get paid $22 an hour. Stop scaring yourself. Also that’s ridiculous because it will be more than the hour minimum wage
@kickrocks7873 3 жыл бұрын
@@joaquinjr2570 I totally agree that most of what is being peddled about a higher minimum wage is BS and it only makes since that companies will pass along costs to customers. To be fair, when they do it to give corporates bigshots a raise no one ever complains. So, it seems a bit disingenuous to get upset about the people doing the work receiving a slightly better wage.
@kosh9639 3 жыл бұрын
It's now the Size of a McDouble, with a 3 pc. Bun... 🍔
@jakejones5736 3 жыл бұрын
@@joaquinjr2570 "workes in Denmark get six weeks vacation one year maternity leave and get paid $22 an hour" Apparently, in Denmark Big Macs are in high demand. Not so much in the United States...
@RobertoTheOriginalManFromTheA 3 жыл бұрын
I always said that all labor jobs should start at least at 10 dollars and go up..by skill.
@randomuser1249 3 жыл бұрын
No 1.3 million people will lose jobs we should make it so people below the poverty line don’t pay taxes it will help and they won’t lose jobs.
@coryjohnson2486 3 жыл бұрын
Labor jobs? Absolutely. McDonald’s and other low-skill, high turnover rate jobs ? NO WAY
@hithere5553 3 жыл бұрын
@@coryjohnson2486 maybe they have a high turnover because they’re dead end jobs that pay a pittance and have no benefits.
@blakeberlin6295 3 жыл бұрын
Why? What if the value of the job is only $5 per hour?
@hithere5553 3 жыл бұрын
@@blakeberlin6295 please explain to me what job is only worth $5 an hour that isn’t for a five year old child.
@Leo-vc6rx 3 жыл бұрын
Write your congress to pass bill to reduce their pay to $15/hr for the next two years. Let’s see if they can manage their budgets on so little. Those that vote against a $15/hr minimum wage really don’t care for the average worker: Support the New 2B stimulus package.
@iamcosma7065 3 жыл бұрын
Why would any of them stick around to be in Congress? Most politicians are educated doctors and lawyers lol, they would just go make six figures doing that. How about focusing on getting those workers more education and training to make their labor more valuable?
@Leo-vc6rx 3 жыл бұрын
That’s the idea. One way to get them out. Those that really care about the people are supporting the minimum wage increase.
@iamcosma7065 3 жыл бұрын
@@Leo-vc6rx you’re missing my point. They wouldn’t have to ever work the minimum wage because they’ve done the hard work to gain education and skills worth way more than the minimum. You’re so focused on keeping people at the minimum, maybe we could think about how to give people the skills and education that will actually change their lives, rather than give them some meaningless raise where they will be in the exact same spot within a few years?
@Leo-vc6rx 3 жыл бұрын
@@iamcosma7065 You missed my point. If they realized how difficult it is to live on minimum wage (especially while raising a family) they might reinstate vocational training especially in areas that are up and coming. Many states have come close to abolishing vocational training. Currently the federal minimum wage is less than $8/hr. People can only exist at that rate or have multiple jobs and having to neglect parenting duties.
@iamcosma7065 3 жыл бұрын
@@Leo-vc6rx Wait you think that anyone thinks its possible to raise a family on $7.25 an hour? Literaly nobody thinks this, this is why people say you need to aim for better than a fast food job. Vocational training isnt being abolished, its being priced out as seperate states are raising their minimum wage. You think any employer wants to pay $15 an hour to give someone skills and training when they can just hire someone with thise skills and training outright?
@queennoneya601 3 жыл бұрын
Ain't no both sides. One sided. The reporters seat would be empty if it offered 7.50 an hour.
@skj158 3 жыл бұрын
Good intentions - wisdom = evil and destruction
@ragingshibe 3 жыл бұрын
bingo
@manguera9 3 жыл бұрын
in 2004 i used to pay my rent with a third of my monthly income, today in 2021 i pay with the half of my monthly income,also food shopping is sky rocketing every 6 months ..
@ridiculousfishr9812 3 жыл бұрын
Are you still making minimum wage over 15 years later? How does this help you? Minimum wage creates inflation. Prices go up. You still lose.
@manguera9 3 жыл бұрын
@@ridiculousfishr9812 you made honor your name ..if minimum wage creates inflation ,go to your state senator and complaint..
@joaquinjr2570 3 жыл бұрын
@@ridiculousfishr9812 minimum wage doesn’t create inflation because inflation goes up every year and the minimum wage doesn’t
@ridiculousfishr9812 3 жыл бұрын
@@joaquinjr2570 really? California just had our minimum wage go up to $14 and prices at all the small business who employ those workers went up as well. Inflation doesn’t just increase because the calendar year changes. It goes up because production costs increase (materials, wages), taxes increase (California gas tax is a good example), demand increases, or more money is added in circulation (federal reserve).
@ocostich 3 жыл бұрын
@@ridiculousfishr9812 Not only does inflation raise prices, it devalues the savings and investments that people who are responsible put away for retirement. If you are always going to live by getting the government to give you other peoples' money and by forcing wages that are more than your labor is worth, then inflation won't matter to you.
@mick8018 3 жыл бұрын
Anyone who argues against a living wage is admitting that Capitalism requires an oppressed class.
@Matt-hz6fv 3 жыл бұрын
Its called inflation, and most small businesses cannot afford that.
@mick8018 3 жыл бұрын
@@Matt-hz6fv that's clearly not inflation dude. Look it up...
@Matt-hz6fv 3 жыл бұрын
@@mick8018 37% of the eco is printed money from stimulus, If you higher the wages the value of a single dollar goes down. Higher Numbers does not mean your life will improve. You must have value behind that dollar. If your getting 15 dollars to flip burgers then the value of the dollar goes down. Making USD useless.
@MetalDetroit 3 жыл бұрын
NONSENSE ! We are saying that some jobs are not WORTH paying that much for, and THE VALUE of the labor provided by many people is not WORTH it to an employer to pay, thus those jobs would be ELIMINATED. Which is why conservatives say that raising the minimum wage destroys jobs !
@MetalDetroit 3 жыл бұрын
What is a living wage? 40k in the Midwest is living okay. 40k in San Diego is poverty. 80k with child support for three kids with three different women, a mortgage and car payment is poverty. You cannot possibly calculate what a living wage is.
@MrLRowe1 3 жыл бұрын
Employer's makes at least 500 times more than there workers.....they can pay a little more money 💰
@directorbeau 3 жыл бұрын
Employer's profits won't take a hit from this, consumers will, with the price of all goods rising.
@thevinceberry 3 жыл бұрын
Except for restaurants because they have small margins
@davelister9755 3 жыл бұрын
Depends, if it is a small business or corporate business. In which case you will see the death of everything but the corrupt.
@FletchforFreedom 3 жыл бұрын
Why do people keep repeating such debunked nonsense. The average CEO makes less than $300K/yr (between 5 and 6 times what the average worker makes). Even the top 500 CEOS don't make 500 times more than their workers (even that idiotic mismatch comes to only 320 time). Still even that comment isn't as idiotic as the claim that a higher minimum wage increases spnmding at restaurants...
@Hammerhead547 3 жыл бұрын
@@FletchforFreedom Clearly you have no idea the margins that restaurants work on because if you did you'd understand that a$15/h minimum wage would put most mom 'n pop places out of business instantly. Just because the local mom 'n pop owned italian place that everyone loves made a million dollars last year doesn't mean that the owners have a million dollars in the bank to spend, in fact chances are that the owners probably walked away with less than $30.000 in overall profit after taxes and expenses. The profit margins for most restaurants to successfully operate is around 5/7% and everything else goes to operating costs like rent insurance staff costs and maintenance, then you have things like food cost which determines menu prices and since wholesalers have to pass on their costs to the end user the end user has no choice but to raise their menu prices. But you wouldn't know that because its clear you've never worked in the restaurant industry.
@curtisporter8468 3 жыл бұрын
Lower wages for the middle class and stop paying senators a wage when their voted out...lower housing cost...
@thomasmedina525 3 жыл бұрын
So true if they don't want to pay $15 an hour in 5 years then lower housing cost because the housing prices are getting ridiculous.
@armyretguy7365 3 жыл бұрын
The government does not and can not control housing costs.... You’re basically asking the government to control people’s lives...
@curtisporter8468 3 жыл бұрын
Well the govt..bailed out fannie mae..so im sure they have some control over housing cost...
@armyretguy7365 3 жыл бұрын
@@curtisporter8468 which proves you don’t not understand the basics of economics. I’m not knocking you for that. I’m simply suggesting that if you want to know WHY things are the way they are (including housing costs) you should take the time to study the issue. The price issues are caused by the people, not the government. If you take issue with housing costs, then start looking around you instead of at DC who has zero control. Be careful what you wish for. Once the government goes the route of federal price controls you’ll start to see many other liberties vanish. I suggest anyone wanting to live in that type of environment to consider if they’d be happier in Russia or China.
@NA-oo4ls 3 жыл бұрын
No good a come of Washington DC meddling with housing. If you want lower housing costs, you need more supply of housing. You get a greater supply of housing when the government gets out of the way if developers that want to build and selling housing.
@robotpanda6322 3 жыл бұрын
I just love what the guy said -> an increase in minimum wage will speed up robot-automation ... oh really? YES every tech company that has ever worked on robots are all going to stop and quit if we all agree to never raise minimum wage again... yes every robot company from China to Germany is going to stop robot-automation because... the federal minimum wage stays at $7.25 . GOD I COUN"T AGREE MORE!
@directorbeau 3 жыл бұрын
No, but companies have more incentive to implement robots in their businesses now.
@robotpanda6322 3 жыл бұрын
@@directorbeau for sure it's gonna be a hard decision for companies to make when choosing between paying robots 10 cents vs paying a person $7.25 but I see what you mean good point!
@directorbeau 3 жыл бұрын
If you've ever taken macroeconomics it's a concept you learn on the first day, "incentives matter". If the company thinks their cost of labor is all of a sudden going to double, they won't think twice about either hiring less people, automating the process, or raising the price of goods.
@robotpanda6322 3 жыл бұрын
@@directorbeau LOVE LOVE!! macroeconomics theories... funny how with all these modern macroeconomics theories we just keep "believing" in gave us... 2000 dot com bubble, 2008 housing crisis, 2020 all time unemployment all time high... can't wait to see which big crash the macroeconomics theories boys will bring us next time!! CAn't WAIT!!!!
@FletchforFreedom 3 жыл бұрын
The point is that automation will take place before rising market pay levels make it cost effective naturally. In a normal market, automation happens when workers are paid enough in all of the alternative possible positions but minimum wage laws incentivize automation before those alternatives exist, simply putting people out of work.
@ChopOn414 7 ай бұрын
Brought in Janet Yellen?! lol 😂😂😂😂😂😂
@IXSICNESS 3 жыл бұрын
If a business cannot afford to pay its staff appropriately it is a failure and should be allowed to fail as such. Expecting employees to subsidise an employers personnel costs is ridiculous
@billycopper7248 3 жыл бұрын
Employees are there to enrich the employer. Harsh but it's reality. The opposite of this is communism.
@FletchforFreedom 3 жыл бұрын
Businesses already *DO* pay their staffs "appropriately" fully compensating workers in an exchange of value for value. That has nothing to do with some economically illiterate third party imposing a needless and entirely harmful (to workers) price floor. No employee (or taxpayer) is "subsidizing" any business. That's utter nonsense.
@FletchforFreedom 3 жыл бұрын
@@Utterance616 It's incredibly bad form to immediately thumbs up all of your responses particularly when a) it is so obvious and b) you are so utterly and completely wrong. It is economically impossible to underpay workers in the (abundantly evident) competitive market for labor. That is not opinion; it is empirically proven *FACT*. Other "factors" do not enter into it. Again, simply look up "Monopsony in American Labor Markets" at EH.net (the premier economic history site on the net) and examine,, in particular, William Boal's work. You also need to disabuse yourself of the long debunked "stagnation" myth as the *FACT* is that worker compensation after inflation, has increased steadily and substantially in a trend dating back to the very beginning of the Industrial Revolution (the notion that worker pay has been declining is complete BS - and a point which the Economic (sic) Policy Institute was rebuked for lying about). Worker pay cannot simply be slashed to make the company more profitable. This is another long disproved myth. For the reality here, try looking up "Non-Farm Business Sector Real Compensation Per Hour" for the official trend line. You simply haven't the slightest clue what you're talking about..
@JMMurphy07 3 жыл бұрын
I believe I only heard one side of the minimum wage debate. I would like to hear them explain how this would not be inflationary if it is spread throughout the country.
@MCwalk02 3 жыл бұрын
Perfect timing during a pandemic, high unemployment, lockdowns, 30% capacity at restaurants, 11 million immigrants now citizens. Lol life about to get real rough for most of us.
@heyaisdabomb 3 жыл бұрын
Buy crypto now, cause inflation is coming to the US dollar under these necessary policy changes like higher minimum wage, and when the US dollars value drops, the crypto market goes crazy with investors trying to stop their losses by dumping their usd accounts.
@Chinunit22 3 жыл бұрын
You do realize that you making Big Tech rich by buying their Internet Shares also its not secured its all just digital numbers. They'll take your investments and run off, Gold and Silver is way to go and its under your control
@randomuser1249 3 жыл бұрын
Crypto is a bit to unstable I feel that gold is much safer even though crypto is way better in every way except for voilitity
@ocostich 3 жыл бұрын
And crypto currencies are so stable.
@coryjohnson2486 3 жыл бұрын
Listen, I understand that people want to make more money, but if u decide that u want to work at McDonalds ur ENTIRE life without any kind of aspiration to move on to something better, WHY do u automatically deserve 15 an hour? Also, raising that wage that high is going to affect people in trade (actual SKILLED) positions very badly. “Oh BuT tHeIr WaGeS sHoUlD gO uP tOo!!” Where the hell is all of this money going to come from? ESPECIALLY small businesses that are SCRAPING to get by. If u decide to settle on a terrible job your ENTIRE life, that’s YOUR decision (and it is a sh!tty one)
@gosikh 3 жыл бұрын
I am happy to pay more for products as long as people make a living wage. The problem will come if landlords automatically increase rents by 50% to steal the money made. Rich people need to stop being greedy.
@FletchforFreedom 3 жыл бұрын
Even if your initial assertion is true (unimaginably unlikely), it doesn't change the way in which consumers, as a group, respond to higher prices (reduced demand) And since minimum wage laws have been demonstrated to *DECREASE* the funds available to impacted workers, how exactly is that a good thing?
@oceanwaves83 3 жыл бұрын
Drastically raising the minimum wage helps the wealthiest people on earth, not the poor. What helps the poor is having an abundance of good jobs. When the workers have lots of options, employers can't say "take it or leave it". They must pay competitive wages or they won't have any workers.
@coreymitchell3900 3 жыл бұрын
It's dumb it's going to do nothing except loose jobs if you want proof look at la
@rishaanmoorjani8970 3 жыл бұрын
@@oceanwaves83 I don't think that assessment is relevant to today's capitalist America. Corporations like Walmart act as monopolies in smaller counties, leaving workers with no job availability. I seriously doubt maintaining low minimum wage will keep an abundance of jobs.
@oceanwaves83 3 жыл бұрын
@@rishaanmoorjani8970 i didn't say it would. I said address the actual problem.
@monkeytime8653 3 жыл бұрын
i think some of these politicians never played monoply
@randomuser1249 3 жыл бұрын
They are playing monopoly it’s not like raising wages is a massive decision and maybe 1.3 million people will hurt.
@ocostich 3 жыл бұрын
Or taken an economics course.
@scorpius6667 3 жыл бұрын
Raising the minimum wage is not the answer....... Companies will find ways to get around paying more money to employees ..... here's one way, limit Companies to a 35% mark up/net profit on every and all products.... Not allow Companies to have their product made in third world Countries and paying the local population almost nothing under slave like conditions! Not allow Companies that get their product made for under $5 dollars abroad but sell that product in the USA for more than $500.00! Unfortunately the very thing that made the USA economically sound is the same thing that is going to lead them to ruin....Capitalism and Corporate GREED! mea sententia 🦂
@Bmanritchie 3 жыл бұрын
CNBC: Here’s a debate. Anyone: Debates last longer than 3 minutes boomer!
@Bmanritchie 3 жыл бұрын
@Willie A - Boomer: What’s a KZfaq? Younger: (facepalm)
@madglover 3 жыл бұрын
My theory is, if you can't afford to pay a living wage to your employees your business isn't successful enough to have employees.
@earlnoli 3 жыл бұрын
then you end up only big corporations giving more than minimum wage. For example if you put a floor on prices of TV like everyone can only buy 1500 USD TVs, if you think cheaply made TVs will get better offers that will be the best joke. People will also increase their expectations. You end up with only highly experienced skilled people. Basically the people who you wish to protect by having a job will lose it to more talented ones, given a higher price bracket.
@jonsharon3434 3 жыл бұрын
Which is what a lot of small businesses will decide. If you can’t make a profit, close shop. A big part of the problem is the folks pushing minimum wage increases don’t run businesses or have any plans on running businesses. You have the pampered elite in government who spend money like it grows on trees, and then you have the working fools who don’t understand basic economics. How about trying to BE the business owner who can successfully pay your employees a living wage? What’s holding you back?
@madglover 3 жыл бұрын
@@jonsharon3434 it really doesn't impact me, I earn a good not amazing salary in a financial firm. I work my 35 hours a week because my spare time means more to me and I don't struggle for cash I'm just saying if you want to employ somebody but can't afford to pay them enough for them to live on then maybe dont employ people.
@madglover 3 жыл бұрын
@@earlnoli this is awful as a comparison. Take myself for example I work as a financial analyst I'm not going to be interested in a 15$ per hour job. You aren't going to magically tempt a higher qualified member of staff because you pay 15$ per hour as they already have jobs. No company has a right to quasi slave labour
@earlnoli 3 жыл бұрын
@@madglover that is because you have not pursued minimum wage to its logical conclusion. Let us say we make minimum wage $50 per hr. Living wage middle class for everyone, good right? Not high not low. Now you have a small business, if you are going to hire someone with $50 an hr, what kind of qualifications will hire? Now also consider if you can outsource the same skill by automation or by other cheaper locations with same output. The only ones that will get hired are those that it is still cheaper to do it manually. Anyway I am not against minimum wage but they have to make it high. In fact I would say increase it to $100 per hour. That will make sure the job is significant and skill based. That makes sure only highly experienced seniors get hired and output is good. That way everyone will also be pushed for entrepreneurship.
@ltodom5884 3 жыл бұрын
i just wanna be able to stay alive😐
@sneakysquirrel4253 3 жыл бұрын
At this point you need roommates or a partner to survive. That's what I do.
@iamcosma7065 3 жыл бұрын
Is your job killing you?
@peacemonger766 3 жыл бұрын
@@iamcosma7065 - If it's $7.25 it just might be!
@dontevntrip8627 3 жыл бұрын
Anyone who debates a min 15$ is a clown, you are not smart at all. People always think the cost of goods has to go up to pay for it, why are executives massive bonuses or salaries ever an option to be cut? People are blinded by being told the only way this works is if they take the loss.
@FletchforFreedom 3 жыл бұрын
Anyone who advocates a higher minimum wage is an economic illiterate. It isn't that the cost of goods goes up overall (though they do in impacted industries) but that workers are paid value for value and minimum wage laws have literally never resulted in anything but disemployment, most notably job loss.
@gbombmr6125 3 жыл бұрын
@@FletchforFreedom I’m tired of responding to you people watch this kzfaq.info/get/bejne/nrJlibKg17-doKs.html
@FletchforFreedom 3 жыл бұрын
@@gbombmr6125 You're tired of responding so you link to the most completely debunked idiocy on KZfaq form someone so stupid they never got the memo that every aspect of Marxism was completely disproved more than a century ago? Gee, Skippy, were you trying to concede the argument at the outset or what? By all means, select any of what you believe are the most cogent points in ST's video and I'll be happy to show you where it is utter nonsense.
@FletchforFreedom 3 жыл бұрын
@@Utterance616 Spare me. Please explain how you have undermined anything I've said by citing the most endlessly debunked resource on the net - expressly rebuked multiple times by the Bureau of Labor Statistics for lying their ass off. The facts are entirely consistent with what I've provided. On another thread you;ve asked for citations. As KZfaq has been twitchy lately disappearing my responses with multiple links I can at least give you the material to Google the entirely factual nature of my responses Start with the four most comprehensive reviews of the research on the minimum wage (that is, reflecting nearly *all* of the actual research that has taken place) which shows the minimum wage to be entirely harmful: "Google Books report of the Minimum Wage Study Commission" "Brown Gilroy Kohen The Effect of the Minimum Wage on Employment and Unemployment: A Survey" "Neumark Wascher Minimum Wages and Employment: A Review of the Evidence from the New Minimum Wage Research" Neumark Shirley Myth or Measurement: What Does the New Minimum Wage Research Say about Minimum Wages and Job Loss in the United States?" Additional resources: "50 Years of Research on the Minimum Wage For many years it has been a matter of conventional wisdom among economists" "Clemens How Do Firms Respond to Minimum Wage Increases? Understanding the Relevance of Non-Employment Margins" "Clemens Wither The Minimum Wage and the Great Recession: Evidence of Effects on the Employment and Income Trajectories of Low-Skilled Workers" “Jardim Long Plotnick Inwegen Vigdor Wething Minimum Wage Increases, Wages, and Low Wage Employment: Evidence from Seattle" “Harvard Business Review Research: When a Higher Minimum Wage Leads to Lower Compensation” Other key sources on the minimum wage, pay levels, poverty, etc.: "BLS Characteristics of Minimum Wage Workers 2020" "Non-farm Business Sector Real Compensation Per Hour" "Usual Weekly Earnings of Wage and Salary Workers Fourth Quarter 2020" (next due out next week) "Income and Poverty in the United States: 2019 Current Population Reports (next in September) "The Poorest 20% of Americans Are Richer on Average Than Most Nations of Europe Just Facts" And finally (it is economically impossible to underpay workers): "Monopsony in American Labor Markets EH.net" I have other resources certainly (this is my field after all) on benefits, child labor,. unions, etc. so feel free to ask. I just wish KZfaq remained cooperative.
@kayrealist9793 3 жыл бұрын
You would be surprised to see how cities with higher minimum wage have higher homeless populations. The correlation between the two needs to be studied further.
@aaronl7486 3 жыл бұрын
It will destroy the country. All cities that implement this are awful. Homeless epidemics. A federal executive order??? To affect all states? Would this seriously affect everyone in every state and small town with small businesses? It’s so horrible. I hate these people so much. Us people in small rural towns and cities are soooo so happy. We are all doing so well. This will ruin us all. I hate these people so much
@coreymitchell3900 3 жыл бұрын
That's what I'm saying
@zonelet372 3 жыл бұрын
Correlation=/= causation Almost a lot of big have higher rates of homeless people than rural areas, this is mainly due to their housing price being so high. Cites also happen to be more liberal on average than suburbs, are are more likely to pass these reforms.
@joaquinjr2570 3 жыл бұрын
Causation=/= correlation
@coreymitchell3900 3 жыл бұрын
@@zonelet372 that's my point
@abaldwin6059 3 жыл бұрын
Rather than raise minimum wage, these workers should learn to code, or make windmills and solar panels.
@abaldwin6059 3 жыл бұрын
@Anarchy Atheist I was being facetious. The windmill is a typical liberal response, shallow, indignant, and a shot to the groin of working men and women.
@kickrocks7873 3 жыл бұрын
If your concerned about $15 per hour your either a teenager or on the wrong track.
@Luke-mt3jx 3 жыл бұрын
Or you didnt prepare yourself when you were younger,and you struggling now to make it
@smarke76 3 жыл бұрын
You're concerned about it. If you wasn't ya wouldn't be commenting.
@davelister9755 3 жыл бұрын
And you have never heard of a mouse trap scheme before.
@SoulExpired 3 жыл бұрын
You should do as your name suggests.
@selfmadetjh8889 3 жыл бұрын
@@SoulExpired 😂😂😂😭😭LMAOOOO BROO
@ProductShroomz Жыл бұрын
Now $15 is a starvation wage. We need $25 minimum wage
@violintrumpet7331 3 жыл бұрын
I make $15/hr as a behavioral therapist. While I plan to continue my education to obtain a supervisor role and a higher salary, how is this fair to people like me who have gone to school and worked their way up? Will my wage increase too? This is a horrible idea.
@jakejones5736 3 жыл бұрын
Yes. your wage WILL increase. Everything will increase to balance supply & demand. This is what's known as inflation.
@curtbrown5204 3 жыл бұрын
Business are just going to raise prices like they do every year 😏
@rashadbanks1820 3 жыл бұрын
Right
@duckingcensorship1037 3 жыл бұрын
Small businesses will struggle much more than corporations, and that's already happening with the shutdowns.
@aydencz1239 3 жыл бұрын
Inflation would definitely happen in a 15 minimum wage
@gbombmr6125 3 жыл бұрын
@@duckingcensorship1037 if you have to exploit your workers you shouldn’t be in business at all
@duckingcensorship1037 3 жыл бұрын
@@gbombmr6125 Even if you believe in raising minimum wage, to do it RIGHT NOW would be the absolute stupidest thing you could possibly do.
@Jacob_Spang 3 жыл бұрын
Cost of living in the state I live in is super low still. If the minimum wage goes up so does housing, food, and necessities. My house would bring alot of equity but it's a double edged sword. It should be determined by the region you live in. I have lived in big cities, it's a ton more expensive than a mid level city.
@coryjohnson2486 3 жыл бұрын
EXACTLY. This should be sorted out by region, not a FLAT increase to 15 bucks an hour. That is RIDICULOUS
@solidsnake4022 3 жыл бұрын
Really? Have you compared the grocery prices of 1990 to 2009? The minimum wage nearly doubled but did grocery prices doubled? Nope. Grocery prices remain nearly the same. That means that people had been having more purchasing power. The economy increases.
@Jacob_Spang 3 жыл бұрын
@@solidsnake4022 grocery prices are sky high in my area compared to 10 years ago. So no, they are totally spiking thru the roof. Wal-Mart is making sure they control all that since the government decided not to pursue monopolies anymore. I buy locally grown items and cut out this bs
@Jacob_Spang 3 жыл бұрын
@@solidsnake4022 minimum wage in my state is $7.25 an hour. Doubled? lol
@solidsnake4022 3 жыл бұрын
@@Jacob_Spang 7.25 is almost doubled compare to the minimum of 1990 which was $3.80. The minimum wage has been $7.25 since 2009.
@neilb3572 3 жыл бұрын
Why stop at $15? Give them $30 an hour. If you are going to crash the economy, why do it slow. Do it fast and get this pain over with.
@bryanturnbow8189 3 жыл бұрын
I work at BestBuy. They upped their starting wage to $15 an hour. Our store is reducing the amount of staff it needs.
@ridiculousfishr9812 3 жыл бұрын
Yeah but you have 15!!!
@ccarta192 3 жыл бұрын
I bet more people are spending money at best buy with the extra income they have I think best buy is using the minimum wage increase to reduce labor cost
@bryanturnbow8189 3 жыл бұрын
@@ridiculousfishr9812 It is nice, but only because I was one of the lucky ones who didn’t get let go.
@nateriver1005 3 жыл бұрын
Increasing will reduce crime, improve child development, and increase spending into the U.S economy. I'm willing to argue over ego later
@jawawi8489 3 жыл бұрын
How
@nateriver1005 3 жыл бұрын
@@jawawi8489 Lesser people will do petty crime to establish criminals records, those same people will not normalize illegal activity and jail while normalizing work ethics. Working people have a tendency to respect what other people paid for through empathy. Growing children follow their community mostly. See how this works? It reduces limiting welfare and establishes stronger spending while deepening the market for businesses generally. More business means better quality of service through competition. See how this works?
@SA-xt1gd 3 жыл бұрын
Agreed! It will improve the productivity of people!
@suspiciousfigure3096 3 жыл бұрын
You sure about that? They gonna have to scale the money up higher for other jobs and careers. Not to mention, it’s gonna make people lazier. Think about it, jobs exist to be short term. A high school teachers job is five dollars more than minimum wage. Special education, preschool, many teachers in the elementary area earn 1.17 worth of money more if minimum wage is upped to 15. You think productivity, but in reality it’s gonna up laziness. They should’ve done at least 10 to help with people, but y’all barely thinkin about the future. A job isn’t a career. You supposed to get past a job and into a better life, not stuck into a life of monotony. There’s gonna be more jobs in the fast food field that the teacher or any other field related to that, that’s pretty damn scary. Less education, less varieties in other jobs, would you actually try your hardest to work at a job that’s shelling out big bucks for you? It also means more money has to be printed out, which means America will be in a bigger debt. Sure the numbers have gone up by seven, but in reality the economy is fragile. I see where you guys are going, and there’s a pretty big reason why this is a debate. The virus is going on, and life sucks, but you should know that all good sides have their bad, and trust me, this isn’t entirely good as you think it is. One more thing. If you were a manager, and wage was upped, would you hire more or less people? You would hire less...Which means...there’s gonna be a lot of unemployed people out there. A lot. Because some managers want a lotta money to themselves and some can be pretty antsy when it comes to hiring the right person. Which means that they’re gonna hire people by Darwinism now. Yeah, poverty is gonna skyrocket if the average poor person isn’t talented enough now. And I have a feeling that people aren’t gonna treat workers more respectfully, they might regard minimum wage workers as cheaters, or lucky to have gotten into their position. This might sound awful...but yeah, this plan is awful. Just down it to ten, it might sound awful, but it’s at a more reasonable amount and it’s not gonna break the economy as bad.
@MetalDetroit 3 жыл бұрын
It will do the exact OPPOSITE. It will lead to more unemployment as prices rise and borderline employees are let go. Would you hire someone with minimal skills, or no work history for $15 an hour ? The minimum wage is the most racist law in the country. It prices those trying to get ahead who don’t have a strong education or work history, and need job experience out of the job market. The minimum wage was created to keep minorities from being hired. m.kzfaq.info/get/bejne/iLtyfpyQmbW1eac.html
@tokerpots4240 3 жыл бұрын
I work as a delivery driver at pizza hut and make 4 dollars an hour plus tips. With tips I make anywhere from 20 to 30 dollars an hour. This would basically cut my pay in half.
@matthewviramontes3131 3 жыл бұрын
Not sure what math you did to arrive at that bogus conclusion, but here in California the minimum wage is $14/hour, and if I average just 2 deliveries an hour, and say I only get $3 per delivery, I'm still making $20 an hour. Plus we get like $1.50 in mileage for every run we take, so it's more than $20 an hour I'm making.
@iamcosma7065 3 жыл бұрын
@@matthewviramontes3131 Man I am in the wrong line of work. It used to be pizza delivery was for people with no other options, now it’s a middle class job haha. What a mixed up world.
@peacemonger766 3 жыл бұрын
And you're customers won't tip any more simply because you're being paid more?
@kaosaechao56 3 жыл бұрын
@@peacemonger766 well the price of the product will increase. So instead of giving a generous tip, people will either stop buying or tip less. So his income will take a hit.
@billycopper7248 3 жыл бұрын
And what about the ones who took years to get to 15$ ? Will they get an ajustement af wage?
@toasterlordtoasterlord4224 3 жыл бұрын
nope.
@darkodeus3972 3 жыл бұрын
Find a new job.
@c00l3zt 3 жыл бұрын
People need to benefit more from working a job instead of living off of welfare. Raise it, change my mind.
@darkodeus3972 3 жыл бұрын
Agree, which is why minimum wage needs to go up.
@ronijr4918 3 жыл бұрын
Raise minimum wage and NO MORE FOOD STAMPS OR EBT
@georgebarton1582 3 жыл бұрын
Raising minimum wage will only increase how many people are on welfare. Here is why. c0013zt lets say you own and run a food truck. YOu have 6 employees working this hotdog truck. YOu sell an average of 150 dogs in an 8 hour shift. YOu sell each hotdog for 5 bucks. 750 dollars made on average shift. MInimum wage is currently 7.25 1st shift of the day. 1 of your employees is brand new and he makes exactly that 7.25. YOur second employee been there awhile he makes 8.50 Your 3rd employee has been there the longest he makes. 10.00 8 hour shift at 7.25 prh =58 dollars. 8 hour shift at 8.50 prh =66 dollars 8 hour shift at 10 prh=80 dollars. total cost of employee pay for first 8hour shift=204 times that by two for the evening shifts 3 employees 8 hour shifts So total for 1 full day of employee pay equals 408. 408 dollars needed to pay your 6 employees for 1 day. 750 dollars made from sold hotdogs minus 408 for employee pay equals 342 dollars of remaining profit. Minus 150 for all the remaining things you need for the business. the buns, the hotdogs, the condements etc. Now you just have 192. 192 dollars. Minus 92. for your truck payment. Cause ya still havent been able to pay that sucker off. 100 dollars. Now the minimum wage is raised to 15 bucks. do the math. It doesnt add up. With those numbers 15 dollar minimum wage doesnt work. There will be no profit at all. You would be in the negative. So what do you do? Ill tell you what you would have to do. YOu either punish your customers or punish your employees. Meaning you either lower employee hours or have to get rid of an employee all togethre or you raise how much you sell your product for. Ive worked in the resteraunt business my entire working life minus a stent in the military. In my experience. Employees will get fired before bosses raise the prices on the products they sell. Employees get punished before the customer.
@c00l3zt 3 жыл бұрын
@@georgebarton1582The restaurant business is the worst example to use because they cant even pay their waiters. It doesnt make since to pay an employee the same wage from over a decade ago, when nothing Cost the Same as a decade ago. Rent/mortage, groceries, transportation,ammo, etc. has all gone up. Its part of expanding. A gradual increase in minimum wage would be the best route. Admit it, companies cut corners even with todays wages. Which is why the government has to step in and update standards.
@georgebarton1582 3 жыл бұрын
@@c00l3zt Thats a nice thought. But it doesnt work. History has proved this. Each time minimum wage is raised. Jobs are lost. Each time. Every time. The math doesnt add up. The math forces loss of jobs. Not the other way around. Raising minimum wage does nothing but put a bandaid on a broken leg. Its window dressing. Does nothing to actually fix anything. It just makes it look like your doing something about a problem. In reality your hurting more people then your helping. Answer this question. Who do you think out of the 6 workers in my scenerio. Which would be helped and which would be hurt by a minimum wage increase?Answer: The person who has been there the longest and the person that has been there the second longest. There pay will be hit. Not raised. ON paper sure yeah 1 used to make 10 an hour now he makes 15 an hour. The problem is. He wont actually be making any more money. Because his hours are going to be cut. To keep him being paid the same amount of money as much as possible. The same for the person whos been there the second longest. Now who do you think gains hours? The bran spanking new guy. Why? Because he is paid the least. Since he is bran spanking new. The math doesnt add up. Mark my words dude. They raise the minimum wage to 15 and you will see a increase in welfare. An increase in unemployment. Not a decrease. This is why raising minimum wage is only a bandaid. Its window dressing. Makes it look like something is being done. In actuality. It hurts more then helps. Its time we start actually coming to proper solutions. Time we change the way we deal with supply and demand. Time we change the way we deal with cost of living increases. Because history has proven to those who listen. Increasing minimum wage is part of the problem. NOt part of the solution. It a cycle. The only solution to stop a cycle. Is to close it. We need permanent solutions. A way we can start going about implementing permenant solutions. Is actually addressing cost of living increases. Meaning making it so the cost of living doesnt increase. Making it so it doesnt change. It remains at a certain number permanently. Utilities. remain at a certain price. Meaning only a certain amount of said utility is provided a month INstead of how it is. Where you pay for how much you use. ONly a certain amount is provided and we adapt to that amount. ONly a certain amount of electricity is provided. A set amount. And we adapt to this set amount.
@mikewelch5348 3 жыл бұрын
Raise is to 15hr and you’ll be paying 15 bucks for a Cheese burger everything will go up grocery’s stores, Walmart, etc.. you’ll be in the same exact spot as ppl are in now
@solidsnake4022 3 жыл бұрын
False. If you see the minimum wage in 1990 and 2009, the wages nearly doubled and the costs of groceries remain nearly the same. As far as cheeseburgers go, you can still buy a frozen cheese burger from Dollar tree for $1 dollar or a burger from a luxury restaurant for $25.
@demonio5873 3 жыл бұрын
@@solidsnake4022 Ya RIGHT EVERY BODY IS GONNA WANT A PIECE OF THE PIE
@solidsnake4022 3 жыл бұрын
@@demonio5873 I am just a messenger delivering statistics so that the human mind can stay calm knowing that prices have stayed low even though the minimum wage has doubled before.
@demonio5873 3 жыл бұрын
@@solidsnake4022I am also the same messenger when I say people will want a piece of the pie also that's statistics Too buddy because look at the future we are not gonna stay the same spot knowing a future is ahead of us isn't that correct into your membrane capacity recognizing skills because it's true in order for the the client to win the seller needs a profit Too
@michael2275 3 жыл бұрын
Living wage state by state but with a common formula based on local labour market. $15/hr flat doesn't work
@FletchforFreedom 3 жыл бұрын
No minimum wage rate "works".
@alexander2685 3 жыл бұрын
Who cares it's been 12 years it has moved its time.
@FletchforFreedom 3 жыл бұрын
@@alexander2685 It's "time" to put people out of work? How compassionate of you!
@alexander2685 3 жыл бұрын
@@FletchforFreedom Please no one is going to be out unless they have covid that's the only thing keeping people out of work more than anything.
@FletchforFreedom 3 жыл бұрын
@@alexander2685 Look, it is not my fault that you are blithering idiot and have no clue what you're talking about. The empirical evidence that minimum wage laws result in *nothing* but disemployment (cuts in hours, benefits and training and outright job loss), *increasing* unemployment, *increasing* poverty, *increasing* welfare rolls and *decreasing* the financial resource available to impacted workers while undermining the long term earnings prospects of low wage workers is literally overwhelming. That you can't be bothered to look into the matter shows you care more about feeling good about yourself than you do about the disastrous consequences of the imbecilic policies you advocate. You're despicable.
@masterofpuppets5072 3 жыл бұрын
If minimum wage is going up to 15 bucks an hour employers are not going to give their employee 40 hours a week at 15 bucks an hour
@TJ-wq7su 3 жыл бұрын
This is common practice for any employer, you don't need minimum wage to make this happen. Employers generally give 40 hours as a reward to their hard workers. Plus you have to consider students who still go to high school don't work more than 30 hours a week during school days. Also those that go to college more than likely work about 30-35 hours a week. So is this really a problem? Not really.
@jdvanny1045 3 жыл бұрын
Maybe for workers over like 21 .. plenty of jobs are for high school kids who do not work enough to pay much in taxes .. double the prices of fast food menues and they’ll go under
@sufthegoat 3 жыл бұрын
Exploring the youth is a good thing right...
@jamesaguilar4154 3 жыл бұрын
I'm just worried that the McChicken will be like $5+ instead of $1 :( because the businesses have to find ways to gain the money to PAY the employees because if they don't they'll LOSE MONEY and no business like to lose money! Sooooooo I'll be waiting for everything to inflate.
@Luke-mt3jx 3 жыл бұрын
If a mchicken sells for 5 dollars i may enjoy it better,better yet make my own mchickens
@cricketsmom8783 3 жыл бұрын
That’s when supply and demand kicks in...no one in their right mind is going to pay $5 for a crappy chicken sandwich from McDonald’s. Sales go down, they’ll learn real quick that people aren’t willing to pay $5 for something that cost them a quarter to make. We’ve had inflation yet the federal minimum wage hasn’t budged. Explain that? Those extra profits aren’t going to the workers....:
@paingainmayn 3 жыл бұрын
They literally made the same argument against abolishing child labor.
@michaeledgar6459 3 жыл бұрын
Child labor was never abolished, it was simply shipped overseas. $15/hr min. wage will just result in more outsourcing or automation.
@FletchforFreedom 3 жыл бұрын
@@michaeledgar6459 Close. Child labor was abolished by capitalism (effectively in the 19th century) where it was more fully adopted. It still exists where socialism is the rule of the day.
@xJeffreyNathanx 3 жыл бұрын
Let's put the kids back to work!
@heyaisdabomb 3 жыл бұрын
@@michaeledgar6459 The reality is setting in for those who don't have an education. Either way, your f**ked!
@deejayforreal4189 3 жыл бұрын
@@xJeffreyNathanx not at 15 dollars an hour. McDonald’s will choose wisely of no employees at all.. good luck finding 16 year old kids with customer service and social skills to make 15 an hour.
@davelister9755 3 жыл бұрын
$15 minimum wage is an attack on small businesses not McDonalds. I think people are not quite understanding the difference between small and large business. This means they're cornering the market with shutdowns and minimum wage towards Corporate sized businesses. Lastly, getting people locked up in their homes is another ploy to say we don't need cars anymore and the removal of carbon emissions through transportation. I really hope everyone here wakes up and realizes how awful your lives are on their way to being. It is all orchestrated not for your benefit but just rich men and rich men only. Let the starvation begin.
@jakejones5736 3 жыл бұрын
It's also an attack on the minimum wage worker because they will be pushed into a HIGHER tax bracket and any such income gains will quickly be eaten up by inflation. This is just one of many reasons why there should be NO minimum wage.
@susanstiles6425 3 жыл бұрын
If cheese costs the same price in all 50 states and the cost to make a pizza cost the same and all 50 states except for labor, minimum wage should be the same across all 50 states. Matters not if you're 18 or 80 people work because they need the money. Entry level means trainable, no experience needed.
@Michael-ie3tz 2 жыл бұрын
Yeah... the cost of living isn't the same everywhere. 15 dollars in New York doesn't go as far as in say...Oklahoma. 🤦♂️
@Patrick19833 3 жыл бұрын
If 15 dollar minimum wage affect the cost of living, why everything still expensive in states with a low $7.25 minimum wage?
@OmmNomNomNomTom 3 жыл бұрын
Just wait until a $15 minimum wage comes into play. Prices will Sky Rocket. In Australia, the minimum wage is around $19.50 - $20 and there have been job cuts country wide, job opportunities have lessened for people from low socioeconomic backgrounds and for the public in general. Also, people complaining about minimum wage in Australia are typically upper-middle class workers that are already employed at a $19.50 minimum wage rate and those individuals are earning more than the minimum wage already. I'm not sure what the right decision is because it's all super complicated.. but raising minimum wages didn't seem to doing my country any good unfortunately.
@cloroxbleach3809 2 жыл бұрын
@@OmmNomNomNomTom you didn't answer his question lol 🤣
@deadcell1 2 жыл бұрын
It's because of inflation. Many people who are opposed to raising the minimum wage blamed inflation entirely on the higher minimum wage but what they failed to mention is the Fed's reckless money printing is what is causing the problem. Despite price increases happening across the board in every asset class they feel that labor should be exempt from it.
@gabriellekarlic7536 3 жыл бұрын
A small step in the right direction for balancing the scales between the uber rich and the uber poor. If economists see that a healthy, happy work force improves business over all.
@MetalDetroit 3 жыл бұрын
This will lead to MORE poverty. If you owned a business would you hire someone with no work history, and not many job skills for $15 an hour? This will lead to higher prices as business will have to decide between layoff/raise wages or raise prices. That HURTS the poor. Critical thinking is a lost art.
@peacemonger766 3 жыл бұрын
@@MetalDetroit - your comments prove your last statement!
@vincentdolente7053 2 жыл бұрын
@@MetalDetroit oh the irony.
@ReasonablyHilarious 3 жыл бұрын
If the economy was like this, America would be a way better place. Fast Food/Retail workers(Non Management Team Members) should make nothing less than $15 an hour. *except for teens under the age of 18. A 15, 16, or 17 shouldn't need $15 an hour. Manufacturing/Assembly Production minimum wage should be nothing less than $20 an hour. Most of these manufacturing job only want to off $15 an hour, but the exhausting work and extremely long work hours just don't match the pay. I work in the manufacturing industry, and its no joke. Truck Drivers salaries should be nothing less than $2,500 for home daily, $3,500 for home weekly, and $5,000 for over the road truckers. 90% of the men in my family are truckers, and they make damn good money. But some truckers are underpaid and over worked for what they do. Last but certainly not least, teachers. No one in the education field should be making only $2,500 a month. Like how is that even livable. The base salaries for educators should definitely be nothing less than $5,000 for the first year and a 7% percent raise each year.
@deadcell1 2 жыл бұрын
It would work if asset prices don't rise but if everyone is making that kid of money, the cost of rent, food, and everything else will go up because of the demand.
@pete6705 3 жыл бұрын
If you want to raise it, why not slowly and gradually raise it to see and closely study the effects and allow employers to adjust to it? Why double it all at once, and just keep your fingers crossed that it doesn't destroy the economy, unemploy millions, and crush every small business?
@zonelet372 3 жыл бұрын
Some Americans have an unhealthy addiction to capitalism
@curtissloan2486 3 жыл бұрын
yae and others are just stupid lazy democrats
@ritz_essence1547 3 жыл бұрын
@@curtissloan2486 no one is advocating for staying home and recieving a check, they are advocating for getting paid sufficiently.
@duckingcensorship1037 3 жыл бұрын
Who pays minimum wage at this point anyways? Very few places actually do. There are people that aren't worth $15/hour for ANYTHING. Instead of an employer keeping them hired for $8-10/ hour, they'll refuse to pay them $15 and they'll be out of a job.
@ritz_essence1547 3 жыл бұрын
@@duckingcensorship1037 do you subscribe to the survival of the fittest theory? Also, are you against the government establishing an “age of consent” as well, creep? We don’t live in a jungle this is a civilized society before proud boy domestic terrorists took over, we do not allow people to die in poverty if they work a full time job, the cost of living increases, so should wages. That’s why economists should dictate this & not sleazy politicians.
@jakejones5736 3 жыл бұрын
Spoken like a true Stalinist.
@thomasforsha8239 3 жыл бұрын
Does a high school kid that's a greeter at a restaurant deserve $15 an hour? No!!!!
@still_life8124 3 жыл бұрын
I agree. That and flipping burgers at Burger King isn’t a career and should never deserved $15 an hour no matter how you put it.
@manmanonamission5955 3 жыл бұрын
Paying off for future loans puts them in a better position
@MetalDetroit 3 жыл бұрын
@@manmanonamission5955 Not if they don’t have a job because no one is willing to pay them $15
@manmanonamission5955 3 жыл бұрын
@@MetalDetroit some people don’t like paying women 🤷🏾♂️
@robertbrainard5651 3 жыл бұрын
some states 15 would be nice but not all states could handle it, also inflation follows the minimum wage like a heat seeker missile. They Preach that 15 dollars and hour would help American but it wouldn't because after rent, utilities, mortgages, food, and everything else that has manual labor in it would SKYRocket in price that the Bump in the min wage never happened. The only thing that raising the minimum wage would do is make people who are on Disability or the Elderly STARVE because they don't get the same increase in their monthly checks.
@robertbrainard5651 3 жыл бұрын
The only thing that this will help are the Rich, the Poor would lose jobs in entry levels positions, the middle class would have to tighten up and fire people and the Rich will be just fine because they will just fire people to adjust. Also small businesses will lose their businesses and only the Rich Businesses will survive.
@RedPillGrimReaper Жыл бұрын
The debate is actually really simple if you can do arithmetic. Wages are based on productivity, not a government mandate. Regardless of the number that is chosen, everyone who is not capable of generating that level of productivity would be priced out of the labor market because it would make no sense for an employer to hire them since the employer would be losing money every hour the employee is employed. Therefore, in order to maximize opportunity and give people the best chance to acquire knowledge, skills, and experience to improve the value of their labor, The answer to the question of what the minimum wage should be is obvious: Zero
@antonebeach3609 3 жыл бұрын
After all we’ve been through, with all the inequalities we’ve seen throughout the pandemic.... It’s common sense. Invest in the people and they might surprise you. We’ve all seen it.
@FletchforFreedom 3 жыл бұрын
Companies invest in people all the time when it is cost effective to do so, but, since minimum wage laws actually *reduce* the resources available to impacted workers (through loss of hours, benefits and jobs), all we've seen is that such laws are entirely harmful to workers and the economy.
@xJeffreyNathanx 3 жыл бұрын
@bestself Interest So the government should have MORE power?
@coreymitchell3900 3 жыл бұрын
That's not how Money works google la and look at the living conditions
@coreymitchell3900 3 жыл бұрын
@bestself Interest if you do it gradually yes but not a spike that's a extremely bad scene again look at la the record breaker of homeless and crime
@coreymitchell3900 3 жыл бұрын
@bestself Interest yes but how long does it take to get that from the government and covid is still here small companys are grabbing on for life and with this 3 months and most are gone again a gradually rising wage going along with inflation like many 1st world countries already do is the only way to not cause lots of problems even for big companies there still gonna loose money so they tell people not to come back and while you will raise the wage by 30% or 40% for a lot of Americans you will cut it 100% for others you don't need to be living off of minimum wage that's your fault if you are there are plenty of jobs out there I'm 20 I grew up poor I worked my ass off in school and went to trade now I'm making 22 an hour painting cars and flipping some on the side yet the crack head that makes my MC double at the same McDonald's I worked at 3 years ago deserves 15 a hour? That's not right
@utkarshanand9706 3 жыл бұрын
Firstly, it doesn’t just have to do with job losses, its also has to do with the growth in the number of jobs. Biden has been trying to get more low skilled workers into the country, so, how do you think that it’s going to work out with this rise in minimum wage? For many of these migrant workers, the only appeal that they have is that they can offer similar output at a lower wage than competition and the employer can afford to hire more of these to more than compensate for losses in productivity. This is also true for highly skilled jobs that pay as much as $100000 (although, we have seen how the productivity has dropped to a level where you can’t even produce an output that’s worth selling). Secondly, the real issue is, why is their no competition for labour? There are several factors that contribute to it (immigration not being one of them), which need to be addressed individually. Raising the minimum wage doesn’t address the problem itself, but the effects of the problem, which is neither ideal, nor functional. One issue that you need to deal with, is the mushrooming of colleges that don’t prepare students for the workforce. You have to assess the performance of colleges and issue warnings. You also have to check for redundancy in courses and useless courses that don’t have practical applications (they can easily be moved online, and it shouldn’t be mandatory for students to pay for it; it shouldn’t also be free because that would mean that the cost has been included in the tuition fees). You also need to allow colleges to remove students, upto a certain year, if they feel like the student is going to hit the performance of the college. Those students don’t need to waste any more money on courses that they aren’t capable of taking. Another issue to address would be to deregulate the labour market in a way that makes it easy for employers to try these dropout students for a period (a trial period), because it’s necessary to truly determine what they’re capable of.
@josemondragon6712 3 жыл бұрын
Lower the cost of living make it easier to buy a house this dosen't make sense
@wayne-kj4iw 3 жыл бұрын
why do we not increase the min wage every year like most other countries instead we wait to have to increase it all at ounce
@FletchforFreedom 3 жыл бұрын
Because it's a bad idea all around and we don't "have" to do do any such thing. Economists most familiar with the issue advocate eliminating it outright.
@gbombmr6125 3 жыл бұрын
More money for the rich
@Luke-mt3jx 3 жыл бұрын
They so worried about main street,dont care about those barely making ends meet....greedy
@oceanwaves83 3 жыл бұрын
Drastically increasing the minimum wage will help the wealthiest people on earth and won't help the poor. Losing your job or having your hours cut is not empowering. When small businesses can't afford the wage and cancel plans for expansion, there are less good jobs. We need more good jobs because when there are lots of options, employers can't say "take it or leave it". They woupd be forced to offer good wages or have no workers.
@Luke-mt3jx 3 жыл бұрын
@@oceanwaves83 thats because the ones up top dont wont take a cut in income...which should be a law....these people up top want multi million wages,greedy.....the people up top should take less to keep business open.
@xJeffreyNathanx 3 жыл бұрын
@@Luke-mt3jx Do you give away your money to someone who makes less than you?
@Luke-mt3jx 3 жыл бұрын
@@xJeffreyNathanx maybe i make too less,if my payroll is poverty then what is the justice,i have worked minimun wage jobs and i tell you it can be hard work,sometimes harder than the ones up top who makes twenty times as much,its time for poor people to get their share of the american pie.
@xJeffreyNathanx 3 жыл бұрын
@@Luke-mt3jx If you're not going to give away some of your money, why should anyone else? If someone does something well, should they be compensated or punished?
@cato451 3 жыл бұрын
Lol. Yes it does create high unemployment but hey, it’s an emotional solution. I encourage it. I am sick of dealing with people. I prefer robots and computers.
@jamesgarrett7606 3 жыл бұрын
There’s two sides of the minimum wage increase debate....the right side and the wrong side.
@MetalDetroit 3 жыл бұрын
The minimum wage is the most racist law in the country. It prices those trying to get ahead who don’t have a strong education or work history, and need job experience out of the job market. The minimum wage was created to keep minorities from being hired. m.kzfaq.info/get/bejne/iLtyfpyQmbW1eac.html
@thomasmedina525 3 жыл бұрын
A $15 minimum wage is going to take 5 years to reach. Y'all people are talking about it like it's going to start today. If you can't afford to pay your employees $15 minimum wage in five years that you shouldn't be in business. If employers don't hire they go out of business, because no one wants to go to any business without getting service. It's working people have to wait 5 years to get $15 minimum wage then it should have been $20.
@nolife1199 2 жыл бұрын
Why shouldn't you be in business?
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