That's not even a translation that's literally what that means

Lol facts

Spot On

It sounds like something Joe Biden or AOC would say. They are appealing to a really stupid audience.

I think he meant it’s good for the message, not for the wallet

We do, some of us move on to advanced stuff like removing every fault capitalism creates. ✌️

Thomas sowell

@@quentinthomason2287if you did take economics, you should know that the economy is fragile and should not be touched at all.

@@Epic878787 Well said.

@@quentinthomason2287 Aye, controlling the market is bad too. That means too much control is bad, raising minimum wage is bad idea. Here is an example, the minimum wage has two rates, one is nominal which what the federal and state use, the other is real which what most companies use to attract or hire entry level candidates. What companies stopped doing is income growth for entry level jobs e.g. getting a raise per hours worked. Some companies do that, but keeps it personal between the employee and the employer. This is just another example of the oil control back in the 70s and the rent control. Let the market work itself, you can only step in when private companies can not sustain such hits. Like how we saw 2008 recession, banks knew they can get a bailout from handing free cash to people who can't repay their dues. I suggest you read basic economic by Thomas Sowell and A Random Walk on Wall Street. These books has some valid reasons why controlling the market can be a sword with two edges.

He was so confused about what he was saying. LoL

Socially, I feel I should agree with you. Morally, I must express my misgivings with that, and Politically, all bets are off.

You're wrong according to Mike Oxmaul

Reminds me of Obama when he wants to raise the capital gains rate and was told raising the rate would lower the government's take. He said, "I know but it is a question of fairness." So taxes are a form of punishment for investors, not a means of funding the government.

$0. The minimum wage should be $0.

Yeah and it literally said politically it makes sense. How does someone let things slip out the bag like that?

Wade oh yeah. My brother and I used to live there.

"makes sense...politically" = I'll get votes.

"It may not make sense economically... but it makes sense politically" I mean, at least he's willing to admit that it's beneficial to the politicians that champion it, but... damn. How could anyone hear that and not have been completely floored? If an economic policy makes no sense economically... don't f***king do it! And if the polict doesn't actually achieve the goal it is supposed to - increasing the income of workers in low skill/no skill jobs, then how is it moral? It seems like it's not important whether you actually help people, what's more important is that you feel like you helped people. And that's not even getting into the moral quandary of government telling you what you are allowed to buy and sell your labor for.

Yes! And when he said it doesn’t make sense economically, but makes sense politically, what he really said was that even though it will cause problems, it sounds good to the ignorant masses, so we will pass it into law.

no one knows coz minimum wage is a stupid concept to begin with

Justin, they foolishly base their decisions on emotions, and ignore economics and reality.

Agreed. I've gotten laughed at in my college class for saying 'I don't know' It's better to not know and learn the information, than it is to pretend like you know everything and go into a career field unprepared. I now work in EMS and not knowing is unacceptable, admit your lack of knowledge and study up. Pretending is dangerous and shows a clear lack of intelligence.

@@cierrarouse9036 I've been hit by a few cases of what you know that just ain't so. Its really dangerous, I would rather have known that I didn't know than waste a whole week trying to correct a error.

@@cierrarouse9036 vote bernie and progressive free helthcare

"Lets allow exploiting weak people for 1$/hour, market will fix that"... that sounds like USA capitalism that is proven over and over as obsolete and overall wrong.

Los Angeles 🤣🤣🤣🤣🤣 Who'd you vote for again? Biden?

They got what they wished for - l.a native

@@lowellirish I voted for Donald Trump in both elections. Unless you meant the ego collective of the state itself.

@@LegendaryDorkKnight yes

Abolish the minimum wage...seriously.

Hello brother

You have a good point...lol

The robot will probably get your order right too.

honestly I'm down, they'll get the order right

@@tomjenner6818 WELFARE is there for the unskilled & uneducated....A worker has to produce more than he costs a business.. So the uneducated will continue the cycle of welfare dependency and unwed births ..Only way out is VOUCHERS..They force schools to educate. Monopoly = poor education..Treat education as a commodity..Why do you buy sneaker A over sneaker B ? Compete for students by results..

+fountainhead "True knowledge exists in knowing that you know nothing." - Socrates.

+Arcantropolo "You know nothing Jon Snow"

+MrMurraypants "touché" - Some French guy.

+fountainhead Exactly my thought! The rest are dunning krugers and that´s why they are quick to have an opinion and without much reasoning behind it.

People that are not afraid to say they don't know are always the smartest...

BINGO... Business owners know what their profit margins are... if you can't increase sales or the price of your product... well you have to automate and cut your staff. there's no thrid options. Never mind that small business owners are the majority of the workforce in most countries, and not major corporations as Hollywood and the politicians would have you believe.

@@AkaAka_AkaAka In the US employers with less than 500 employees accounted for about half of the jobs. Most of those aren't mom and pop shops, and commercial rents have been rising a lot faster than wages, real wages have been about stagnant since 1970.

@@MorphingReality less than 500 employees is most definitely a mom and pop shop. Those are not major corporations with massive profit margins.

@@AkaAka_AkaAka The average hedge fund has 10 employees. Instagram has 450 employees. From another angle, large majority of minimum wage employees work for firms that can afford a wage increase.

@@MorphingReality Instagram is owned and operated by parent company Facebook (now Meta) with and employee count of over 58 thousand. Hedge funds are an exception to the rule not the rule itself. They're an outlier. Convenience stores are typically franchisee owned and operated individually they empoy between 3-5 each and there are 150 thousand of them in the US along meaning there's somewhere between 450 and 750 thousand american's working at those. To be clear the combined total of hedge fund employees is like 98 thousand across the entire US.

+d8d8 I give them credit that they are at least open to having their strongly-held beliefs questioned. Compared to the asshats in all the recent videos of protest mobs at colleges, these people are a breath of fresh air. People need to be willing to hear opposing viewpoints, and I applaud these people for being able to do so. I do admit it's kinda sad that something that should be so basic is applauded these days.

Friend of mine: What's the scariest movie in your opinion. Me: Idiocracy.

@@bullballsallday i thought that was a documentary on california?

@@L_87 Nah. Not enough needles and feces on the sidewalks and public masturbating meth-addicted sex offenders. kzfaq.info/get/bejne/oMmKmsKS0La8eI0.html

They make me feel like a very stable genius.

But he's talking to other Democrats 🤔

Economically, slavery or child labour makes perfect sense... some may even call it beneficial.

I know right? Like, if it makes economic sense, then it also makes moral sense, right?

@@N19N90N9 But not because of slavery. Slavery is profitable from economical point of view - most of western Europe is the proof. Sure, nowadays slavery is not really optimal so even this methods transformed but still, strong ones exploit the weak ones either through brain drain, unfair trade etc. Economically, maximizing profit and minimizing costs makes perfect sense but morally... less so.

@@XXvenyActually slavery does not pencil-out in modern times for anything other than perhaps child sex slaves. A worker that can keeps the fruits of his labor produces much more than a slave. It’s been said that the Cotton Gin ended slavery in the US because this machine greatly reduced the need for manual labor.

@@backcountyrpilot Slavery is nothing less than absence of unions, absence of workers rights and reducing labour costs to absolute minimum or even zero. And you can always put a slave to operate a machine - complexity of labour does not determine whether slave can or cannot do it. Slavery is about rights (or absence of them) of individuals guaranteed by system. Nothing more. I get it, we think about slaves as unqualified workers, but only because qualification = high status and high status does not really go hand in hand with slavery. But if you own a slave, you can easily invest into him to increase his qualification. But yea, nowadays, government will do that for you through education :D

Even smarter people: realize from history that inequality has been growing at a fast pace since 1979 and when minimum wage stopped increasing. So they look up the 15 dollar minimum wage project and then do research on their own instead of complaint. This document is a start, go outside of your comfort zone to look at relevant data from educated sources. www.epi.org/publication/why-america-needs-a-15-minimum-wage/

@@markelcreek56 Can you show me in which part of that article any of the points made in this video and other points against higher minimum wages were assessed? Points like: -People won't pay 15, they'll just lay off their people and work with less employees or go automated -higher wages will lead to higher prices, changing nothing in the end -higher wages will force people to work illegally to work for a lower amount, since people won't just pay 15 for something just because a law says it -higher wages will make small businesses go broke because they won't be able to pay those wages

Isn’t that a common concept even for the average person

@@shamilmurtazaa4391 As you can tell already, no. Common sense in 2021 is not common. thanks to American school system

[whom]

Most of this shit is just common sense if youre an adult thats ever worked a day in your life.

Economics? Hell, we don't even teach arithmetic properly!

That's intentional. Educating people on economics would kill a lot of narratives

@@riotsprotests2070 for sure

@@L_87 A popular myth is the sex wage gap for instance which with even a little bit of research can be easily disproven. Yet politicians pretend it exists to get votes.

uhg that cat lady at the end saying "uh if it's too expensive for small business that can't beat corporate, well can't they just get a loan or something from the gov't?" ...ugh... She looks like she has over 100k credit card deb; like she opened up a credit account her first day of college and has never been able to pay it all back completely.

"Minimum wage" Translation "Maximum wage" Aka Communism They have been warned.

Its pretty simple actually. It should be the lowest amount of money needed to house and feed someone. Its different place to place. I think thats why most people say they dont know. Other than pulling a random number out of their ass they should look into it. I dont think most of the assholes that make these kinds of videos ever worked minimum wage jobs. You very rarely ever move up in those kinds of companies mostly because there is not really anywhere to go. Say you have 15 employees and 2 managers, there will only ever be 2 places to move up to. So the other 13 workers will be shit outta luck.

Minimum wage jobs are not jobs intended to feed and house anyone. Minimum wage jobs are menial unskilled labor that anyone with basic health and intelligence can do, They are not careers. Unfortunately today we have far too many unskilled people in this country -the reasons are many and would involve a greater discussion.

@@neilsmith4464 that is exactly the point of a minimum wage. Not everyone is capable of working skilled labor so for those who are incapable of working other jobs a minimum wage keeps them from becoming homeless.

You've been working (assuming you started at 18) for 22+ years to finally be valued at potentially $19 an HR if you get that new job. That's excessive

@@Jay-og4yb there are ways to accelerate that im at a technical college its 12,000 for my associate degree but so many guys are there for free because a company is putting them through that we have a lack in skilled workers at 20 years old I will be making a minimum of 25 an hour and pay only goes up from there but everything takes time

@@Jay-og4yb It might well be excessive. What it is not is normal. By 40, most people have already progressed well beyond the minimum wage.

@@Jay-og4yb finally be valued? you give yourself value, make yourself be worth more. don't just ask for more for without adding value yourslef.

@@jarretslatten7169 what are you going to your technical college for?

Average person would take 30 mins & charge 9. She'll take 45 minutes so would have to charge 12.

And the more robots they make the less they cost per unit, cashier's not long for this world.

In Australia they have touch screens too make your order on, and you either swipe your car or give cash at the counter. But they already reduced the amount of people working at the counter

@@Thomas-bv1bs even then Australia has a much higher minimum wage than America. The one big thing Australia has that America doesn't is universal healthcare. That leaves more money in the pockets of business owners.

@@mra6308 why is that? Do you mean business owners would have more left in their pocket in Australia or America?

long story short humans no longer have the monopoly on their labor anymore. there is competition from technology and it will only get worse as time goes on.

Of course not. They have done zero research and are just speaking off the cuff

No, they think all business owners are millionaires and have a ton of disposable cash lying around.

and never will

The business owners would just get rid of the $15/ hour minimum wage workers and hire illegal immigrants off the books.

@@Navy35 how many illegal immigrants do you think there are?

Are you joking? Venezuela raised their minimum wage because of high inflation rates. One Venezuelan Bolivar is not even worth a U.S. cent. I might just not be taking a joke here but you seem too serious

@@jodrobob7333 think he was being sarcastic

Marc T you are wrong. I was forced to CLOSE my business because wages are too high while my net income was too low. I did not have the option of raising my prices, because of the type of business, but would have if I could. If it costs more to run your business you MUST either lower the cost of your overhead or increase your income, usually through raising your prices... that is called inflation.

wow, I guess the fact that I am married to an accountant who is currently working on her master's in accounting and holds a BS in Business Management is irrelevant? The fact that I took 4 semesters of Econ while earning my own degree also doesn't count? Did you even READ my comment? I said that the nature of my business prevented the raising of prices... you have no need to know any more details... but, plain and simple, increased costs leads to an increase in prices which is the very definition of INFLATION... Please try to get your head out of your own ass.. stop being a brainwashed liberal

wow, just a huge number of asinine assumptions there

I love how they think people should be able to live a nice comfortable life on minimum wage lol. McDonalds isn't supposed to be a career choice, you're supposed to acquire skills and advance at some point in life. Having a house, car, and raising a family are supposed to be incentives and goals, not automatic rights just because you exist.

@@eternalreign2313 lol @ "they". The minimum wage was created to be lived on, and at a time was enough to support a family of 3

thugly921 If all jobs ended up that profitable, that would only serve to push out less qualified and educated people out of the workplace. Why should you make that much money for doing a job that literally anyone else could do?

because they know they're not qualified to do it ;)

@@eternalreign2313 And that I blame on my generation, and even more, much of my parents generation. Too much wanting their kids not to have to work as hard as they did prior to our shift from agrarian societies to industrial.

The housing economy is more controlled by supply and demand then minimum wage.

@@markelcreek56 but if everyone even ditch diggers earn 70k a year it drives the price of property up... just like how google headquarters drove low income housing away

@@markelcreek56 both actually. C

@@TheRoark85 here is the facts though. The housing market in america is currently being overtaken by foreign investors looking for a place to park there money and they have been ramping up the market with extremely high bids that also reduce demands as they dont actually live in those houses. And there is also the fact that although productivity has been rapidly increasing since 1970 minimum wage has seen practically no change. So the problem here isnt minimum wage but foreign investors that the gop has refused to do anything about.

Your point proves that "high" is a relative term. Hence the argument for eliminating "minimum" wage.

They deserve to be mocked, walking around like zombies in their cute little utopian bubble of ignorance.

They deserve to be deported.

Mocking is actually what changed my bad habits. I appreciate the brutal truth more. It’s quite the motivator when people mock you for your shortcomings.

Richard Empson Watch our everyone. Another genius in the KZfaq comments section with a superiority complex. All based on a 7 minute video consisting of edited clips.

@@gfyyoutube7702 even as the end game of gentrification has increased rents to the point of their utopian business district shuttering.

Yeah dude, how else would you afford to pay rent and buy food? I need to go to my job and work for free to pay for these things.

@@quincy-2000 Companies need workers, but none one works for free. No salary=no workers. Good salary=workers

Eljas K Precisely.

They may not force people to work for free but they will pay people peanuts yet they earn millions. Just look at how Amazon treats its workers even though Amazon brings in profits by the billions.

"There would be slave labor!" Except if you weren't offering to pay people what the job is worth, they won't work there. @Mr A, so raising the minimum wage and forcing Amazon to automate more of its business, putting thousands of people out of jobs is the solution? Don't forget that lower average wages lowers business costs, allowing products / services to be cheaper. Raising to $15 an hr would make basic things much more expensive so businesses can cover their payroll and still make profit and stay in business.

So accurate. Nobody wants to go back to work with their $600 unemployment stimulus that the Democrats want to keep sending.

@jimmy dugan That would be slavery. Forcing people to work that is.

@@DylanAsfur Wrong. Turning down going back to work removed your eligibility to receive that check

@@thugly921 that's not true. I had to stop working because my school closed and that meant I had to go back home to another state. I could have easily gotten a job somewhere making $10-12/he but getting $600/wk was definitely more economically beneficial to me and I didn't have to actually work. I hate the policy, but I'm not upset that I got $7200 for doing fuck all for 3 months.

@@methuselahhoneysuckle9575 um do you mean you got paid 7200 for keeping yourself and others out of harms way for that amount of time? Worth it in my opinion

While it has an effect on the cost of goods and services the best way to think about it is just to graph out the value of levels of skills. Minimum wage effectively makes it illegal, ot unreasonable, to hire people who have skills below the minimum wage value. It makes the people at the bottom of the scale unemployable.

Fuckin A dude I know. Every dollar the minimum wage goes up virtually everyone who makes more than that lose a dollar an hour.

This makes no sense. Even Ford said that paying his workers more to become customers of his products was how a business succeeds. You have more customers!

umiluv that has nothing to do with employees, that’s how ford, an person in the upperclass wage group, keeps his money, by exchanging money for goods that cost way less than wages.

It's already like that. There's a lot of adults (many with college degrees) working in the service industry right now. They told us when they shipped our manufacturing overseas that the US would become a service industry economy....and it has. It's not going to change back to a "teenager job" until they bring our manufacturing back. Don't hold your breath.

I don't like minimum wage. I've come to believe there's a massive oversupply of labor (since the 1950's we've pushed through mass immigration, women in the workforce, civil rights and now mass outsourcing). I believe this was all very convenient for the corporation as to maintain such a large labor supply (and lower wages so much) that we need socialist intervention for people not to starve. Restrict the labor supply and you can start tearing all this socialism down.

@@LotsOfBologna2 "I believe this was all very convenient for the corporation as to maintain such a large labor supply (and lower wages so much) that we need socialist intervention for people not to starve." Bingo !! I love finding smart people :) You hit on something most people never really grasp. All that socialist intervention (like food stamps & section 8 housing) is corporate welfare. The corporations don't have to pay employees a living wage because the govt subsidizes them. (by paying for the employees' groceries, rent, etc) The government doesn't have its own money. It's our money. So the govt takes money that we earn & gives it to people who earn lower wages....socialism! We literally pay a big part of the wages of millions of people....so the corporations won't have to. That's why corporations love it. They're the ones who truly benefit from these socialist programs/corporate welfare programs.

@@JamieM470 I actually never thought about that and it makes so much sense

@@JamieM470 And the fact we give corporations huge tax breaks, you know where all this subsidized money comes from. Right out of the middle class... The real shame is there's enough wealth in this country that there is no need for ANYONE to be poor, but the 1% would rather keep people hungry and homeless so they can squeeze $1 more out of society.

Replace it with a Land Value Tax, too.

Movie Games how does that make sense? If you are on minimum wage you probably wont have any property.

Because in the video you just watched, the property tax increases are likely the reason the rent on the buildings went up and the shops closed. That property tax just made the wage for those workers go to zero.

Movie Games You are assuming that the business owners will pass their savings on to their employees? FAT CHANCE OF THAT!!! You must be republican, and delusional as republicans are as far as trickle down economics is concerned. As usual, the business owners will use their added sum and invest it in their business so they can make even more money for themselves and give almost none of it to their employees. That’s the reality of trickle down.

SoulfulJim1 trickle down in theory is perfect when its on paper but realistically almost never happens. As the very rich continually get richer owning more and more of the nations total wealth, while the poor stay at a stalemate.

Sean Hughes Everyone should take a basic economics class.

Sean Hughes Or that most ppl dont take economics...

or history, since minimum wage was **LITERALLY CREATED BY NAZIS** to execute their eugenics.

DDG's Buffys most states require an economics credit to graduate high school...

>Failing No, this is INTENTIONAL. This is success to them. A stupid underclass who advocate for economics that destroy their own future for the rich upperclass is beneficial to the government.

+Christian Escudero You know what they say about a fool and his money.

I can understand if this was tea culinary expert: High quality tea with exotic ingredients

Yeah I need go open my own tea and coffee shop. sell Kirkland packets of tea for that price

That is average in Nz...... Please help us, It's $30 for a bowl of pasta at a semi nice resturant

A tea and a coffee, you guys..

Yup, basic supply and demand.

Except a lot of the ones complaint about minimum wage are the ones without a college degree. Meaning that it is mostly unskilled labor so they can easily find others to do it as the supply is much bigger than demand and if the supply gets smaller they can bring in immigrants for an even smaller wage.

Very basic problem with your little brainchild right there; if it had any resemblance to reality, there would be precisely zero jobs paying minimum wage. Just... think about it, for one second; it's a *minimum* wage, not the mandated wage for the lowest-paying position. Companies can and even sometimes do outbid each other for their lowest-paying positions, it's just that that first offer has to be at least the baseline set by minimum wage. We actually have the perfect case study for this, too. There was really a time, long ago in an obviously more enlightened age, where the US didn't have minimum wage laws. Tellingly, this period led directly to the creation of minimum wage laws, along with a large collection of other regulations. Your hypothesis works fine when there aren't enough people looking for work; in rural areas, where very few people live in any given place, in specialized professions with relatively small pools of highly skilled candidates (whose compensations are not even close to the range set by minimum wage), or shortly after a year-long pandemic where relief measures have temporarily allowed people to *refuse* to sell their labor to anyone who will take it without starving to death and losing their tiny apartment. Most of the time, for the people most affected by minimum wage, it goes a lot more like this: Company A: We're looking for a worker Candidates 1 through 26: We can all do that thing Company A: We will hire one of you. What do you bring to the table? Candidates 1-14: We will offer you hard work 8 hours a day for five days a week for $9-10 per hour Company A: Well, candidates 15-25 are willing to get $8 an hour Candidate 26: I can offer literally the least you're legally permitted to pay me. Candidates 1-25 :(

Martin Woodcock I really hope they raise the min wage to 15-20 bucks an hour because my job is protected by the union haha

carolyn mmitchell you mean the mafia? lol

Well the SEIU and other Unions are the ones pushing this wage hike because that's what THEIR wages are predicated on. They don't give a fuck about a burger flipper at McDonald's they just want more $$$ for themselves.

The marginal value of a job may be far greater than the market value of the same job. A simple example, the person who sells tickets at a movie theater. Without a means to collect money and dispense tickets, the entire theater would close. The operation might net a thousand dollars a day. If a minimum wage law were passed raising the ticket seller's wage from $10 to $15/HR would the theater close. No, the owner would absorb the cost initially. But the owner might be tempted to replace the ticket seller with a kiosk. Even if he didn't, she might find more competition for her position. The desultory gum-smacking high school dropout might have to compete with a motivated high school student or single mom under the changed circumstances. The owner would figure if he had to pay $15 an hour for labor, he might as well get $15 worth of labor.

If it's too little, people will get taken advantage of (see Walmart and the government subsidizing their wages basically because they don't pay them enough), but if it's too high, then companies get extremely picky. If I seriously had to pick a number on my life right now for the current market, it would probably be at least $9 an hour for states that aren't even that high.

You just straight up quoted yourself lol. And i will be stealing that line

What you said will only be true if the gold standard comes back.

oh it would actually be worse than that. When the minimum wage goes up the people who made more than the new minimum wage don't get a pay increase. As a result the subsequent increase in prices mean their money is now worth less than it did before. So if you increased it to 100/hr then everyone who made less than or equal to 100/hr before are now at the poverty line. When Canada increased the minimum wage from $12/hr to $15/hr my pay, my wife's pay, and our friends pay didn't go up $3/hr. People who were making $15/hr that had to work their way up from that $12/hr are now making minimum wage again.

kinda, but its more complicated, raise the minimum wage > lay off workers > less money circulation > less value in a dollar > higher costs to meet change > poorer people but lowering it is different, lower minimum wage > more businesses open > more people are employed > more money circulation > more value in a dollar > businesses compete > prices drop. when you increase the minimum wage people have to raise their prices to meet the change in value of the dollar, but when you lower it, the new competition created plus the more valuable dollar causes prices to drop, meanwhile people are still able to pay their employees a lot of money because more of the product is being sold because more people are being payed.

No, it doesn't work that way. There are plenty of countries which simply have massive, Great Depression-level unemployment rates because of insane minimum wages and even more insane labor laws.

then we will just raise it more lol

Zimbabwe hyperinflation here we come. not-loling

@@TheGrayman1234 They would likely cost closer to $7 maybe $10 at the most. People overestimate the increase in costs. Truth is, corporate greed keeps wages low. Corporations buy politicians that write laws to make them richer. McDonald's and Amazon have more than enough money to pay their employees a living wage, but that would hurt their profit margins.

@@thomasjensen5042 Thank you for confirming that it will increase dramatically.

@@TheGrayman1234 It's not that dramatic of an increase when you consider how much federal minimum wage would he increasing. Just over double the minimum wage would mean your cheeseburger might cost $7 instead of $3, but making $15/hr would offset that cost. People act like Walmart prices would skyrocket if their workers got paid more, but the truth is a can of food might cost 1c or 2c more. We've let corporations have all the power and the workers have next to none.

@Strauss Basic grammar too.

Imagine that minimum wage was $100 per hour? Candy bars would cost $75 each

I won't debate if you provide proof of this.

Mr. Shiada the proof would be only academic. Asking for real life examples is worse than asking for live human subject experimentation as arbitrarily setting a minimum wage to prove this theory would effect thousands of not millions of people. I’m sure many people have shown this to be true and it’s really just common sense if anyone takes 1min to think about it. Cost of living would in fact increase faster than minimum wage simply because there are more than 1 step in a process to take something from raw material to final product. If each step cost 10% more, the final product would be exponentially more expensive than just 10% more.

@@quentinthomason2287 Well if i am a store manager and i have to pay for my workers 100$ per hour i would increase the price of everything in the store to make it work! Therefore, increasing minimum wage is useless.

@@Happyx222 Capitalism. Enough said.

What on earth is on your channel

And when "full time" status us lost, so is your 401k and insurance.

bullshit - 4 different cafes opened in my neighborhood since they raised the minimum wage to 15 where I live. And if you have two employees doing part time vs one full-time - the business is still paying the same money - duh.

@Ryan Alex Walmart employees help the company make billions in profits, every year. So obviously, their level of productivity is very high and according to your metrics of pay, they should be making 5x the money per hour they are making now. The American Middle Class only came about because of rising wages and benefits for workers, it wasnt through a miracle of benevolent corporations. Thousands of people fought and died for the pay, benefits and standards of living you enjoy today. It's not like companies simply handed them out freely.

It just leads to outsourcing

+nin6246 Because it makes you feel morally superior to those evil, greedy capitalists. This is all about feeling good, not doing good.

+Chairman Meow those darn capitalist that provide me and everyone else with jobs...shame on them!!!! LOL

+Chairman Meow Moral Posturing. Virtue Signalling. Basically, I am a terrible person that needs to make myself look like a good person, regardless of the harm that may occur in the process.. Pathological Altruism is right next door.

+nin6246 Have you ever been in a situation where the "Good" thing feels worse then the "bad" thing? Lets just say hypothetically speaking that you come across some money,only to find out latter that it belonged to someone else. Now before you answer let me add two things... 1. After going to the police,you were told if no one clams it after 30 days it's yours. The person comes to you after the 40th day so the money is now legally yours. 2. You could really use the money. Now, The moral thing to do is to give the person back their money,but if you do that then it will hurt you since you will be less wealthy by that amount.

In your scenario, the moral thing to do is give the money back. What is legal isn't necessarily ethical or moral. Your second bullet point saying "You could really use the money" is nothing but a rationalization for taking something that isn't yours. I would say though that since you were holding it for the other person who misplaced their money, it would be decent of them to either (A) let you keep it or (B) let you keep some of it or promise to return the favor at a later date in case you ever need help on something.

Only the military hires

Oh yes, you could have gotten some earlier work experience and skills if you were permitted to work for a wage lower than the current minimum, plus some money rather than no money.

Same with me in Canada. It is so demoralizing to feel like nobody wants you. You feel like you have no worth. I tried so many times to get a job, especially in electronics which interested me. I couldn't even get in. But I guess Marxists like people to feel demoralized and alienated, because they hope that will make them reject Capitalism.

@@brianbagnall3029 Oh yeah for sure, I'm sure this does push people to become extreme and toxic and hateful towards capitalism when its forced minimum wages people should be complaining about.

Pretty sure McDonalds and Hungry Jacks are always hiring.

The company is based out of Chicago and has 12 locations. The guy couldn't even buy local correctly

not surprising coming from a guy who wants to increase the minimum wage. You can already tell finance is not his strong point.

They don’t look deeply into their “ideals.”

I immediately caught that and told him to fuck off even though he couldnt hear me lol

Fuck that. Coffee at 7-11 is 99 Cents and usually supports a local immigrant entrepreneur.

Everyone will portray the opposition the same way. So better take this: You people need to be told that any argument based on what you saw in any type of media (TV, newspaper or KZfaq doesn't matter) is not an argument.

@@aniksamiurrahman6365 *My opinion and argument being based on the bill I saw* So anyways, I no longer have an argument

That warning was a lie that a lot of morons fell for.

@brandon breaking down the trivialities, in Utah in my specific location, making a cup of coffee is going to run maybe a little over a dollar...maybe 2... Possibly even less, especially since I use resusable cups and a reservoir. Essentially, by the time I drained my water supply after 2 weeks, I have already bought and paid for coffee more than a thousand times over. Like you said, still a lot cheaper and also better for the environment. Being a little more self reliant is overall cheaper on the wallet and healthier on the planet.

Exactly. All a minimum wage does is price low experience and low skilled workers out of the job market. Not only that, but the unemployed for 2 years could be gaining skills and experience needed at a below minimum wage job, to make themselves more productive in the future. Economically, minimum wage laws create a surplus of workers seeking the minimum wage jobs (assuming the minimum wage was set above market prices). Price floors above market price create surpluses, that's just basic economics.

Could they truly not afford it, or is that just what they said?

@@MC-bd5ub Oh yeah, talk about missing the point.

@@MC-bd5ub you sound like someone who thinks everyone just has trashbags of money to throw around.

This is exactly what is wrong with higher minimum wage... BUT by the time I was 18 I had three years volunteer experience and got a pretty decent first job. I washed dishes at a soup kitchen for three years. 10 hours a week/3 days a week. I did food prep as well. There are options to enter the job market at that young an age.

Big brothers? Do you know that adjusted for inflation, minimum wage in America just halved in a century? Ask your grandpa about what it took to buy a home in his time vs what it takes in our time.

@@aniksamiurrahman6365 that's because of the government

@@dukeljk2191 Sure! Everything is for the government. Its government why Facebook and Google steals our data, its government why Apple, John Deer etc. go out of their way to make their hardware irreparable, its government and not insurance companies for which healthcare bill in the US makes no sense. You know it's all government.

or perhaps we as a society recognize that not all jobs were ever intended as a livable source of income and instead of shooting for a once size fits all solution we recognize that the problem is more complex and that unskilled labor is something that does not demand a livable wage because the supply as far as bodies far outstrips the demand. In that situation your work has little value and you are replaceable and the target worker is just that unskilled and thus the churn on those positions should be high or a workforce completely consisting of part time high school students.

@@aniksamiurrahman6365 " its government and not insurance companies for which healthcare bill in the US makes no sense." Yes. Private healthcare worked great until the government stepped in. Back in the 20s-60s we had things called fraternal societies They were healthcare back then, they were super popular and hundreds existed They were favored among blacks and immigrants for its low price, a workers daily wage would cover a years worth of healthcare Doctors would be very competitive to get contracts for these fraternal societies as the jobs were very stable If a patient didn't like their doctor, their contract might not be renewed But the medical establishment didn't like this, they didn't like that prices were so cheap and that doctors were serving lower class people (black people and immigrants, it was the 60s after all) So they petitioned the government to kill these fraternal societies The government then set limits on how many doctors could graduate and be licensed each year "to raise the quality of medical care" but this just artificially limited supply of doctors They also sanctioned any doctor who dared to sign contracts with these fraternal societies.

Yeah I mean that's inflation

Everything is already getting more expensive is the bad thing...

@@hnys7976 I know right🤨

@@peterjuhasz9741 so I would have to stop buying everything?

@@peterjuhasz9741 dont be a moron. Should we go live in a shack in the woods???

*and that pays over $200 for a shirt

😆

0:44

Tara Reid shirt for Joe Biden?

@@MrUnlimitedTorque Quite a band

Mario eh not really because of that ... I used to work at subway back when the 5 dollar footlong was just about to die out and i still got minimum wage. Subway raised their prices idk why though

+Josh Smith because minimum wage increased, causing inflammation

+Josh Smith *inflation

Thank the retards who think raising wages won't raise the cost of living. Damn bozos looking for a placebo!! 😠 On a side note stop eating subway. The whole healthy subway gimmick advertisement is shadowed by studies.

Studies have time and time again shown a correlation between higher minimum wages and higger buying powers. Of course cost of living will go up when minimum wage is increased but the difference in price affects the middle class less than the higher classes, and therefor it shrinks the gap between rich and poor.

You just summed up most Americans in one sentence. Bravo

@@IndoGunsnGear Most liberals. Not most Americans.

Mouse cop It’s hilarious because the young liberals are the people who do not wear masks and practice social distancing.

Mouse cop ! when I see Libturds wrote "tRump" the momment when "the left can't meme" is completely proven We'll meme that tRump to white house for the second time prepare yourself commies 😂🤣😂

@Mouse cop that is correct, we don't want to wear masks.

It was tea and a coffee

@@Jimmymcgee2 he said 9.50 for a cup of tea

He seemed happy to pay that too

@@Jimmymcgee2 still. that much? Wtf

Lol were you high when you read it?? "Oh shit, this is perfect!"

Borderlands808 same..but i was high at the time

Borderlands808 same I thought they were showing like how much weed minimum wage can get but nope

Depends on how much in drugs you can buy with it.

+Chairman Meow The other thing is it acts as a disincentive for employers to invest in training. I live in a country with a pretty high minimum wage where there is next to no on site training. When you are paying 40 - 50 dollars an hour to have someone on site, you really can't afford the downtime for training. That was the big thing that was missing form this video, the actual cost of employing a person, not just what that person takes home.

+Chairman Meow agreed, icing on the cake is mini-wage removes upward movement. say a business has $16 per hour budget for labor. if one employees labor is worth $5 per hour and the other employee's labor is worth $11 per hour. the state requires a mini of $8 per hour. the winner in the situation is the least productive. the looser are 3 fold, 1. the best employee who receives less for production or they quit to work for a competitor. 2. the business owner who risk losing a good employee, firing a poor employee (risky in sue happy environment), or cutting from profit,overhead. 3. charge higher prices to afford to keep best employees. Good design to keep the masses in struggle. so they keep voting for the same thing that is put them in struggle. if the leftist did everything they say they would do, they would become irrelevant.

+Chairman Meow I thumb's up your name, yo.

Chairman Meow that is happening in washington state

When I first got my job at ADP, they claimed they spend at least $50,000 per associate to hire them. I make $22/hour.

He pretty much said ''this policy will hurt the economy of the area - but it sounds good and will help me get elected next time round.''

@@revelationmd "Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good". - Thomas Sowell.

baldieman64 just love Thomas Sowell. No one man should have such a monopoly on wisdom.

@@revelationmd I'm not in the US and only found him and Walter Williams fairly recently through Candace Owens and Larry Elder. Like Richard Feynman or Jordan Peterson, they are masters of communicating complex ideas in an accessible, world-view shifting way.

baldieman64 Yep - UK here. His book Basic Economics was eye opening - and yep, it’s expertly constructed to make seemingly complex ideas accessible to dullards like me 🤣

it's too soon to see the full effect yet. Seattle suffered job losses already. though at this time it's still to early to see where it will stand once it balances out.

How many businesses require no employees? You believe McDonalds can operate with no emplotees? Ok. Go smoke another one.

Self-employment businesses. Most can go off of commission. Look at all the sellers on Amazon and Ebay. There is something called a business model. Some use low profit margins to win customers, which is why it can be harder to compete with big corps. There are different levels of skill as well.

@@davidbeppler3032 it can certainly operate without minimum wage employees. It can have managers and perhaps a contract cleaner, along with automation

As a AAA tech I can confirm 👍

As a fellow AAA tech repair myself as well, I also concur 👍

Sorry but dead batteries?

@@petergriffinson1907 Leaving their lights on or key in the on position. We've all ( most of us ) done it, but apparently this is an extreme amount going on.

@Salvadore Orozco You forgot to form a coherent sentence there, bud. I guess you are so salty about what he said because you are just like the people in this video.

But wouldn't companies exploit people? I believe in the free market and all. But people do need to survive.

@@ralphcotton7119 you can blame the government for that,…the issue is excessive regulation (not free market), jobs leaving the country (high Corp tax “china’s is cheeper so they all go there”) and illegals taking whats left keeping wages low and jobs scarce,.not free market principles, in a nutshell? your government put you in direct competition with the cheapest labor in the world with no protections,….that legislation was passed by Bill Clinton,..they call it “free trade.”

@@armoredsweatpants3997 btw not my government lol. I'm from Europe

@@ralphcotton7119 ours is on the way down, I’m expecting rough times ahead for America, there’s an agenda to take us down from within by our own gov to pull us into some global world gov.

@@armoredsweatpants3997 I'm not sure. I think it's foolish to paint things in such a black and white manner

More like "fuck you" because prices only go up due to owners PUTTING them up for their own greed. There shouldn't be hundreds to thousands of people on this planet with 250+ foot yachts while there are hundreds OF millions with basically nothing. Denmark has $21 an hour minimum wage, free childcare, free healthcare, free university, no wars, little poverty, little violence and crime, everyone's doing pretty well and getting along... So why the FFUUCCKK could WE not get even a measly fucking $15 minimum? And that's not even asking for or counting the other shit.

+Hazardous-Nebula how much do the Dutch pay in taxes?

Hazardous-Nebula It's called the free market you dumbass. What motivation does a business have to have ridiculously low wages? If they put their wages too low another business that can AFFORD to pay their employees more will steal their jobs. There "shouldn't" be rich people in the world? What have they done wrong? Are you suggesting we steal their money to make the world more "fair"? Why does Denmark have such nice amenities? Oh I don't know, maybe it's their 100 average IQ? Maybe it's their homogeneous population? Maybe it's the absence of 11 million illegal immigrants and 110 MILLION people on welfare? Oh yeah, ever see how high Dutch taxes are? 55% Income Tax, 25% Sales Tax. The Denmark Government can go fuck itself.

Not to get into a debate but the department of labor disproves all the right wing debates www.dol.gov/featured/minimum-wage/mythbuster

+jsmetalcore I appreciate the source, most people just use words as their arguments. But I don't think saying "meh it's not bad for most people so fuck it $12 minimum for everyone!" is a good argument. Take their example of "2/3 of businesses can afford a $12 minimum wage". That's literally saying that the government should put the other 1/3 of businesses out of business because the other 2/3 can afford it. It's theft, they're forcing the 1/3 of businesses to pay employees wages they literally cant afford.

prices go up whether minimum wage increases or not.

Only if the minimum is set too high. If it were about $9 for every state lower than that, at least that would be reasonable enough. You know how many people are being subsidized on their wages by the government from minimum wage jobs? The minimum is too low in most places, seriously.

. . . welcome to California noControl :/. A minimum wage worker will NOT be living in Silverlake. And its tough enough to live in LA "county". Most of the rest of the nation have no clue how HUGE LA county is, and sorry - I want to live in its safer, more thriving areas. I do NOT want to stay working at my current entry-level 9 to 5, I still have "ambitions" to move forward.

regulations and taxes by democrats = inflation

The thing is that it's already so tough for them to find a job and pay their bills anyway, the minimum wage will hardly make a difference

Believe me, many companies LOVE their proverbial "25 dollar hamburgers" from Uncle Same through medicaid - probably the biggest existing subsididy in the US.

@@ccox7198 I'm not so sure, that people deserve a livable wage. At most, people deserve an opportunity to build value in themselves and establish their own livable wage.

@@ccox7198 yes, I agree. Paying people fairly is a different argument than, everyone deserves a livable wage. We were on the right track when Trump was in office: a secure border, less regulations, lower taxes and better foreign trade policies were effectively changing supply and demand in favor of the working class. That is why unemployment was so low and wages were rising. This administration is colluding with the aristocracy. Democrats don't care about the little guy. Raising the minimum wage would put millions out of work and only benefit the large corporations.

At the end of the day workers should be able to keep a roof over their head food on their table clothes on their backs shoes on their feet and access to affordable medical services.

@@suzannalytle2758 not only are workers in the US able to have a roof, food, clothes and medical services, NON-workers are too; welfare, food stamps, Medicare and section 8. However, what do think would happen if the minimum wage was $0.00? Seriously. I'd like to know your opinion on that.

@@ccox7198 I believe every job is important and every person is important. I also believe it's important to give those without experience a chance, because those are important people, as well. Can you see how, doubling the minimum wage would deprive many an opportunity to build value in themselves? Is it a good thing, for the government to award big businesses and large corporations dominance over small businesses?

1:03 is the best response. It's also more or less correct.

Especially if they know nothing about economics like the average American

I guess the lady thinks that monsters only work in the private sector.

+Flynn Parish She's projecting.

+Flynn Parish Government only hires Angels. Didn't you know that?

+Flynn Parish My next question/ survey would be what is the minimum amount of money you would work for? I can't say how serious she was when she said that,but I willing to bet even she wouldn't except a job that pays you nothing, assuming we abolish the law(s) so you could even except a job like that.

Flynn Parish Such economic illiterates shouldn't be allowed to vote. Yeah, i said it.

+Xarvis90 Inflation is when money lose value. Prices can go up without inflation ( for example home prices in big cities go up without inflation and with inflation they have nothing to do ).

I had this conversation with my teen. He called it "inflammation".. had a good laugh.. then corrected.

KruK666PL I meant to say it causes inflation. If the wages are increased, many companies (especially the small ones) will have to raise the prices to their goods and services in order to pay all of the employees. If all the prices are raised, then the price to wage ratio would just be that same as it was before the minimum wage was increased. All that changes is that the money loses value

Actually you are wrong. "It will seem like nothing happened," cannot be further from the truth. When inflation occurs, employees begin to cost more than machines, and are soon replaced by their more cost-effective non-organic friends.

Nova Berry Woops I forgot about that