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Scripted, animated, and produced by Steve Patterson. Special thanks to Julia Patterson and Chuck Grimmett. Want to learn more? Here are some resources about the economics of the minimum wage:.
Scripted, animated, and produced by Steve Patterson. Special thanks to Julia Patterson and Chuck Grimmett. Want to learn more? Here are some resources about the economics of the minimum wage:.
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There are a few Problems with a Low Minimum Wage
1 – The Lower the Minimum the Less Tax people will pay.
2 – The Lower the Minimum Wage is the More Welfare they will recieve.
3 – The Lower the Minimum Wage is the Less money people have to spend. The
less money people have to spend. If a person has no money they are not
going to go out and spend and stimulate the economy.
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Nice job. Too bad so many are committed to artfully dodging this simple
reality.
car parts deals
Only 3% of workers in the USA work for minimum wage, which stands as a
refutation to the claim that without minimum wage, we’d only be working for
10 cents an hour or something.
wholesale mobiles
CRAPPY RIGHT-WING PROPAGANDA! how much the koch brothers paying you??? this
is stupid because it doesnt acount how WORKERS GET PAID MORE so there is n
ounemployment if they put money back into the economy! right-wing idiots
cannot understand this. in fact, as Elizabeth Waren said, if minimum wage
had kept trck with inflation, right now itd be $22 PER HOUR! fuck the
democrats. im on Team Warren! #RaiseTheMinimumWageTo22
only right-wing fucktard buffons think we should get rid of the minimum
wage.
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All these statements about welfare spending are bogus. If we raised MW, we
will be spending MORE money on welfare, because people will be unemployed.
Not to mention the increased prices, which means consumers will be spending
more. Ever thought of that, liberals?
free games
Load of self entitled libertarian bollocks. “Increasing the minimum wage
increases unemployment” (Shame there is absolutely NO EVIDENCE of this.
Perhaps look at Scandinavian countries with a higher minimum wage rather
than jump to conclusions that satisfy your own self entitlement. A Lasiez
Faire free market is just an excuse for the rich to exploit the poor which
is why history if full of labour movements being suppressed violently by
the state. “But why not stop there, lets go back to this 19th century
Libertarian Utopia where children can get there fingers chewed off working
in factories before oppressive child labour laws interfered?”
shhh !
thing is, it should have been raised for like 10 years that it wasnt, so we
r left with a huge wage deficit
contests
Today hundreds of fast food workers in the Chicago area went on strike,
pushing for a $15 hourly wage. The truth is that a $15 minimum wage would
harm these workers more than it would help them.
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All this video did was prove that libertarian’s don’t understand economics.
twenties
Our society is based on several rights, the right to life, liberty, and
property. Now whether or not these rights truly exist or are only
constructs of our imagination do not matter, what matters is our society
has adopted them as truth and our laws are based on these truths. With that
said, when a man or women starts a business that is their property, and the
decisions they make with that property will determine it’s success. If they
choose to pay minimum wage, and another chooses to accept it then that is
an agreement between two consenting adults. If no one chooses to accept it,
then they will be forced to pay more, either way it is between them, no one
else.
The other argument is that rich people are taking advantage of poor people
through low minimum wage, and they buy favor in Washington to keep things
as they are and that forcing a higher minimum wage will set things right.
Here is a little rich people math for you [milk = 3.89 a gallon with
minimum wage at 7$] minimum wage is forced higher by we the people to 15$
an hour milk=7.89 a gallon. The rich guy has never and will never take a
hit, they will simply pass the new cost on to the consumer as always, and
everyone will be in the same boat. They call it inflation, but we know what
it is simply theft, you can’t win either way.
The only way to solve what some of you see as a problem, is to change the
rights this country was founded on, do away with what we as a society have
deemed as moral. In the process laws will be changed to reflect the new
morals and rights. You cannot have the right to liberty and property, and
have forced increases in minimum wage. You will have to get rid of those
rights, something that most will not tell you who are pushing for such
measures.
win apple
99 percent of the time, they end up fucking UP MY ORDER. Why should he or
she get paid more when they don’t even do their job properly to begin with?
And don’t give me that BS about making more money would equal less fuck
ups.
I worked at McDonald’s as a teenager and never bitched and moan about my
salary, and still never fucked up anyone’s order. What’s their excuse for
being so damn lazy?
The last time I went to a local fast food joint that rhymes with Mendy’s, I
had to return my damn burger NINE god damn times, because I asked for no
tomato, and I still got tomato on it 8 Jesus times in a row, because all
these lazy retards were doing were talking about some damn concert they
went to the night before, and throwing fries at one another. I hope the
hell that their boss caught them on Camera WASTING his profits. Today’s
youth are so ungrateful. They should be grateful to even have a fucking job
in this economy, but they take advantage of it when they finally get the
opportunity for a job (and I don’t mean take advantage in a positive way)
Plus raising the minimum wage drives up the cost of living and everything
else. Raising the minimum wage is fine for huge corporations like Wal-Mart
and McDonald’s who can afford it, but what about SMALL BUSINESS OWNERS who
can barely afford the wages they have now? Those small businesses(including
MINE) would have to jack up their prices, and as a result, would lose
business to places like Wal-Mart. Even if Wal-Mart jacks up their prices,
people would still go there and make purchases, but small business owners
like myself would lose money for what may very well be a superior product
(just so you know, I own an electronics (not a franchise) store and I am
one quarter owner of a craft beer brewery. My problem is that I would end
up having to LOSE my business (or make drastic staff cuts, thus putting my
employees out of work. I only employ 12 people (and if the minimum wage
goes up, I would have to lay off at least 4 of those employees at my main
business, probably 3 at the brewery.
walmart sucks
Did he literally just say it is better to pay them less then they are
worth? Why not exactly? And if your annual salary is in the millions and
billions yet you don’t want to pay your workers more then I would call that
greedy. I don’t see any job that is worth paying millions and billions. Why
is it that it makes no sense to pay minimum wage workers more money then
what they are worth but totally ok for the guy on top to get paid way more
in the 7 to 8 figure salary range?
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These republicans forget something, because these people are making next to
nothing, they are using government subsidies, they, we, and me. All paying
them with medicaid, and food stamps so the big fast food corporations don’t
have to pay them enough to eat. Meanwhile at Walmart, and many other big
corporation or fast food jobs, the executives are stuffing their pockets
and now 80 people have half of the worlds wealth. That money that should be
going to workers is going to the pockets of the 1% and the government
cannot try to compensate for the wages with government subsidies.
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And If a person earn less than the minimum to survive? In my country u
cannot live with less than 150 dollars for example(twice the time here in
my country), what happens by the way? Should the business employ more
paying less, or the contrary that has been going for a long time?
ferrari
Actually Data shows that states that raised their min wage showed an
increase in jobs. Not that this proves raising the min wage creates jobs,
but disproves it creates job-loss. Due to Marginal Propensity to Consume,
raising the wage will not raise prices significantly. According to the
Bureau of Labor Stats, a survey conducted in 2014 shows that 3 out of 5
small business owners agree with increasing minimum wage. Our value? Our
value shows our production is climbing, yet wages are not matching. If our
wages matched our rising productivity, we would be at $21/hr.
promo
wow it’s impossible to discuss about this. People think economy is a true
science like physics. Economy is a social science like sociology,
philosophy or linguistics. Same economic solutions won’t give the same
results in 2 situations. It’s a fucking faith like Christianism.
medical leasing
OK. I’m going to on a rant.
Most companies hiring people on minimum wage, which I must point out is not
enough to sustain someone financially, are making thousands off each dollar
the worker brings home.
The idea that higher minimum wages kills jobs is obviously falsehood.
States like Washington and Oregon have shown this to be false.
Jobs are positions that need to be filled. By increasing the minimum wage
profits are shaved from Corporate pockets, yet the jobs still remain
because the company NEEDS those jobs to be filled in order for it to
continue working.
These ads. are a joke. A puppet show by the rich in an effort to keep their
profits high, and the workers ignorant and poor.
top lenders
“When employment costs increase, entrepreneurs have two choices, they can
reduce the amount of people they employ or they can raise the prize of
goods they produce. Otherwise they are in the red.”
This contains a couple of assertions.
Assertion1. Their employees create them less profit than the new employment
costs.
Assertion2. The company now breaks even.
Assertion3. The amount of work done by employee is equal irregardless of
quantity of employees.
This disproves Assertion1.
Assertion2 is disproven by the fact that many companies actually are at a
profit currently.
So no, they don’t have to be in the red if wages are increased.
“In a free market employment is a win-win-win situation”
Well, it’s a shame that we don’t live in a free market. We live in a market
that has income redistribution. It takes income made by the poorer people
and gives it to the richest people.
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Labor participation rat is at a 38 year low.
The are more people unemployed under Obama since Jimmy Carter. Yes, he’s
the worst fucking President in History.
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That’s just some crazy propaganda. Who does actually demand $1000/hour for
working? People allover the world ask for a decent wage which lets them
live with dignity, not for a higher wage than they produce. And please
don’t tell that Walmart, Tesco, McDonalds and so on can’t afford to rise
these wages, or thet they would be forced to raise the prices, because
that’s bullshit. (sorry for my english btw). I know this video regards the
USA, but I think this is general problem.
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I agree with the video but the premise is incorrect. This would be true if
7.5$ was actually = productivity of a minimum wage job. In reality, minimum
wage jobs produce more than 20$ of productivity and yet they are payed back
7.5$. If you think thats even remotely fair, you are ignorant or insane.
The way we are going, the economy will collapse under horrendous income
inequality. I rather the prices go up than witness an American revolution.
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NOTE:
By raising the minimum wage to a reasonable amount (which should be in the
realm of $15-$25, if I’m correct), those working on the minimum wage should
be able to purchase more goods than normal, which will stimulate the
economy.
This has been demonstrated in more left-wing states, such as Oregon and
Washington D.C.
Additionally, one of the issues of the current U.S. economy is the severe
inequality in money, with the 99th percentile in money owning over 35% of
the money in the United States. A redistribution of wealth that could be
done by, say, raising taxes on the wealthy, would help to stimulate the
economy as well.
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And people then wonder why all our stuff comes from China….
unblock rocks
This is not adjusted to inflation and therefore inaccurate.
QUE?
One powerful word describes why corporations don’t like minimum wage
increases. GREED!!!