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In which John discusses the minimum wage, and whether raising the minimum wage would negatively affect employment in the United States. Thanks to Rosianna for graphics and research help: …
In which John discusses the minimum wage, and whether raising the minimum wage would negatively affect employment in the United States. Thanks to Rosianna for graphics and research help: …
WTF
+John Green discusses the minimum wage, and whether raising the minimum
wage would negatively affect employment in the United States.
Should We Raise the Minimum Wage?
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Pay an employee 7.25 an hour and you get 7.25 an hour work! ( shitty)
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BULLSHIT! spending does NOT increase economic activity! spending isn’t
good, producing IS GOOD.
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If a job pays their employees minimum wage, then it’s not a hard job. I
know that not all minimum wage paid jobs are fast food related, but if a
job has minimum wage, it’s not hard to begin with. So if you wanted to be
self-supporting, look into getting another job, pay attention in class,
work hard for your future, it’s useless to raise the minimum wage, because
if it’s a minimum wage paying job, it probably doesn’t require that much of
a skill set to handle. Also, raising the minimum wage will be worse for
smaller businesses and it’ll create fewer jobs. People who work minimum
wage jobs shouldn’t push for raising the minimum wage, they should push for
looking into a job that’s harder, which in turn has a steadier income, of
course a job flipping burgers(again, just an example, however all minimum
wage jobs are minimum wage for a reason; they’re not hard) shouldn’t be
paid $10-15, if you want more money, find a better job that better suits
your qualifications and skill set, instead of wasting your resources on an
easy job that doesn’t have a decent paycheck supporting you, use your
resources and find a good job that uses your skills, because those kinds of
jobs have really good/decent pay.
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John is disregarding the fact that MOST studies say raising the wage does
kill jobs & raises prices. According to the non-partisan CBO, raising the
minimum wage would kill the jobs of 500,000 Americans. Obama’s federal
contractor wage increase has already caused restaurant closures on military
bases, and 15,000 base jobs will vanish by next year. More people lose jobs
than benefit from higher wages. Minimum wage hikes mean less opportunity
for poor and minority Americans like me to get on the job ladder and it
raises prices of necessities which hurts the poor the most.
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I graduated high school in May. I’ve been looking for a job (but no one is
hiring). I’m still living with my mom and I’m unable to go to college
because I wasn’t smart or fast enough to apply for scholarships. My mom
hasn’t done taxes in two years because she can’t afford to have the
government take what little money she makes from her job. If minimum wage
was raised she’d have an easier time and I could get into college. Fuck
minimum wage.
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“A living wage”…. I stopped watching right there. A pity it was so late
in your video where you finally let your politics slip, I would have
stopped watching earlier.
You don’t get a living wage for flipping burgers. If you make it easy for
people to not do shit in life, and they can still make a life out of
flipping burgers, they’ll do just that.
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This guy sounds like a college freshmen. “Daddy, Mommy, I’ve discovered a
formula that central planning intellectuals can use to force more
prosperity on us with the police. Freedom is like, so dangerous, and my
intellectual professor was able to teach me the dangers of freedom in like,
three or four lectures! We even looked at some studies that concluded that
freedom is bad. They were SO compelling, like OMG. I’ll never trust freedom
again, and will only trust the intellectually elite who know what’s best
for me.”
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citing one study from 20 years ago? thats not being scientific. thats
trying to appear scientific while really cherrypicking
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Take money from welfare and give it to small businesses requiring that they
use it to supplement the wage of their minimum wage employees.
Score!
I know nothing about economy, but I feel like no minimal wage gives
employers more room to abuse their employees. Let me give a personal
example. I’m still studying. Although my degree is more of a backup plan to
what I want to do. Nevertheless I have o real applicable skills. I had an
opportunity to go for an exchange and I took it. I want to make the most of
it so I plan to stay for two semesters, but my Uni can’t guarantee money
for second semester. So I calculated and figure I need 2600 euro in an
economy where monthly minimum wage is 300 euro. So clearly there’s no way
to make that cash. But since I’m a bit desperate I took first job that
offered me the closest thing to it. So since two weeks ago I’m stuck with a
95 hour a week graveyard shift every week nonstop and I’ll only get 1800
euro (which should be enough since I have some extra cash on the side). Now
for me, I don’t have to go for the exchange. Nothing really will make me
more desirable as employee because of that and like I said it’s only a back
up plan for me. But I really, really, really *want* to.
Now imagine that you really, really, really *need* to eat. You may say from
economical point of view, if wage is too low people wont work. But in
reality, they will if they are hungry. Or even a student that wants needs
some cash. In high school, classmate of mine was in bad spot at home, so he
worked at a hypermarket, six hours a day for 3rd of minimal wage. At first
he said it was ok, but with time they gave him more and more and more
duties, but no extra pay. He really was complaining, but guess what, he
wouldn’t quite because family needed money.
And that’s also a thing. Even though there is a minimal wage, companies
still abuse employees. I just feel that without it, it would’ve been even
worse.
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Raising the minimum wage without raising the official income determining
poverty is a trick to reduce social spending, and workers would end up less
less net income via reduced benefits, higher health insurance costs and
student loans kicking in.
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People who think the minimum wage should be increased have absolutely no
idea about economics. I used to believe in the minimum wage, but, I was one
of these uninformed people who couldn’t see past his own nose. First of
all, wages are none of the government’s business! The Constitution does not
authorize the feds to get involved in such matters. Second, minimum wage
increases don’t solve anything. Companies will do one, several, or all of
these: hire less employees, lay off employees, cheapen their products,
increase their prices, or go out of business. Setting a minimum wage knocks
the bottom rung off the ladder of success. Increases to the minimum wage
continues to weaken and remove more rungs from that ladder. Entry level
people such as high schoolers will have much harder times finding
employment. Another thing. Burger flippers, order takers, cashiers, grocery
baggers, etc., are examples of bottom rung entry level positions. They are
meant for young people still in high school and such. These jobs are not
intended to be career, family raising type jobs. To expect brain surgery
wages from a burger flipping job is not only impossible, but insane! These
jobs are meant to be stepping stones to better jobs and careers. America
ain’t a caste society, folks! We have the freedom to move up and down the
ladder of success. If you choose to bag groceries as a career, then you
have no legitimate gripe if you only get paid a few dollars per hour! If
you want higher wages, then find or learn better skills and work! But don’t
whine and cry to the government like a snot nosed kid throwing a tantrum
because he didn’t get that Snicker’s Bar he wanted! Low skill jobs have low
pay wages, so suck it up and take it, or move on to something better! You
pinko commies and socialistic shmucks have knowledge zero about how the
free market works!
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really sad you didn’t do your research.
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Here’s some college freshman economics to counter the anti-minimum-wage
college freshman argument:
At current productivity it is impossible to have more jobs than workers,
therefore, by supply and demand, work will always be devalued.
Even when the economy booms and unemployment declines to under 2%,
pro-rated full-time employment caps out at about 60%. Why is that a
problem? Because “work” is not some faceless market commodity or good, it
represents the ability of people to survive. If there isn’t enough “work”
(and there isn’t), people die.
If you tell a person “you must work to survive”, then it is incumbent on
you to 1. provide enough work for them and 2. pay them enough to survive
given the work that’s available. If you have to work to live, working has
to pay enough to live, and if there are more workers than work, market
forces will NEVER allow workers to be paid enough to live, and you need a
minimum wage.
For the simplest short term solution, raise minimum wage.
For a simple, medium-term solution, decrease the number of hours in
“full-time” until the available work hours get closer to 100% population
employment hours. If we can’t achieve more than 60% full-time employment,
decrease full-time by 40% (to ~25 hours/week).
However, unless our economy collapses under the idiocy of this debt-based,
exponentially-increasing system we have, our productivity will only ever
INCREASE. Eventually we approach a post-scarcity economy. As that
happens, the notion of a capitalist economy becomes more and more
ridiculous. Eventually we have to realise that we’ve WON the game of
survival and quit playing as though we’re still competing with anything.
In reality, we already have. Eventually, all it should take to receive
the basics of survival is simply being a person. Eventually, “If a man
does not work, neither should he eat.” needs to be recognized for the
bronze-age nomadic desert-tribe economics that it is.
Eventually, “survival” needs to stop being a commodity.
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I agree with you to a great extent. Raising minimum wage does not fix the
problem it is meant to fix but it also does not create problems some claim
it creates. Raising minimum wage only perpetuates the need to raise the
minimum wage again. I believe we should be focusing on the upper echelons
and control the price increase which is almost always arbitrary, almost
never tied to the cost of production.
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Funny how you fail to mention that you can’t hire teenagers, for less than
minimum wage, because otherwise, they can get on-the-job training, and
provide expendable income for them, as consumers, that propel the economy
even more.
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Its true that increased wages = happier employees. Therefore, its a good
business model. Unfortunately, human nature is what motivates employers to
cut hours and force employees to moonlight when companies are faced with
higher MW and increased regulations. I think redirecting welfare funds to
allow giving people a basic minimum income would be better. Better for
capitalism. Better because it reduces welfare bureaucracy and welfare
traps. BETTER for the poorest of the poor.
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Don’t wish the minimum wage was higher, wish you were better.
TI
Excellent argument at the end John. However the middle part where you
disregarded economic logic and the obvious observable trend of job loss
and/or wage suppression due to minimum wage laws was a little bit
wishy-washy. It’s an incredibly great business model to pay your employees
more in order to attract better employees, but I really really don’t need
the government to tell me how to do business. Because, well, if the
government was a business it probably wouldn’t have even been able to raise
the startup capital it required, let alone not go bankrupt almost
immediately.
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The fact is the central bank is mandated to raise prices by one to three
percent each year so we might as well raise minimum wage until the central
bank can’t keep a lid on prices.
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If you think the minimum wage is black and white you do not know what a
Monopsony is and should educate yourself.
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Both of the min. wage studies he cites have been debunked by later studies.
Raising the price of anything will reduce the potential consumption of it,
including labor. Employers will simply have fewer people work harder or
longer hours, rather than hiring additional people if it will hurt their
bottom line.
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Minimum Wage Should Have Been Raised Every Time The Politicians Voted
Themselves Raises=The PROOF The Nation Has Been Run and Continues to Be Run
by Double Minded Hypocrites And JESUS Said All Double Minded Hypocrites
Burn In HELL !!!!!!!
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Not many can live on 7.25 per hour.