Minimum Wage - Too darn high

youtube.com/watch?v=7EQk5gWCG9Y

Hi pol, I'm making my own YouTube channel. Today I'm talking about minimum wage.

What do you think?

Other urls found in this thread:

mises.org/library/property-rights-and-theory-contracts
fee.org/articles/the-eugenics-plot-of-the-minimum-wage
twitter.com/NSFWRedditImage

hi ShareBlue. no one cares. go shill your channel on places with people instead of bots.

We have minimum wage down here, the country has naver been shittier.

Do you think minimum wage contributes to the shittiness? Or is it unrelated?

I'm always happy to take suggestions for places to shill my channel.

i like what ive seen so far

>I'm always happy to take suggestions for places to shill my channel.
Have you tried other forums or even places like reddit? Granted it may be a different audience than you're used to. I assume you want to a pol audience? Have you thought about who you are reaching?

tax rent

Henry George found the secret.

I think you're a good goy.

The reason min wage can't go up (without any kind of price increase whatsoever) is because the jewish shareholders won't allow a smaller profit margin when they're making money hand over fist.

Saying that it'll go up from $7 to $12 for the customers is ridiculous. As a percentage of total operating costs for a fast food restaurant, employee wages are barely even on the radar.

You are literally fucking retarded if you believe in this hyper-jew fearmongering. The only thing that is legit in this whole argument is they'll use it as an excuse to reap even higher profit margins far over and above what the minuscule wage increase would legitimately cost them. They're holding American workers hostage to go hide profits in foreign markets, which is exactly par for the course for semitic shitheels.

Wake the fuck up.

you forgot the old joo at the far right rubbing his hand cause he still make more and more and more

Too high minimum wage hurts middle class america and small busineses while helping corporations who can cut workers and such

Glad to hear it!

I have posted on reddit however my posts there are ignored or removed. I spend a lot of time on pol and some of my content is positively received by the people here - which I take as a sign that I should continue sharing it here.

As for who I'm reaching - I like making these kinds of analytic or argumentative videos. I hope to reach people who enjoy watching or listening to them.

The nazi meme flag is right for once.

Minimum wage fear mongering is jewish psyop to shift the blame onto low-income earners for price increases.

>I don't object to a minimum wage in principle

Why? It's the government violating a business owner's, and an employee's, property rights. It's basically saying that you're not allowed to make a consensual contract if it doesn't fit the government's intrusive and arbitrary standards.

>you're not allowed to make a consensual contract if it doesn't fit the government's intrusive and arbitrary standards.
>oy vey, the guv isn't allowing me to give my employees 2 shekels an hour in abysmal working conditions! MY SHEKELS!
SHOO SHOO GREEDY JEW

I really haven't read enough about this plan to have an informed opinion on it.

Thanks for saying so. Hard at work to produce more videos and spread what I hope is a thoughtful look into political and cultural issues.

I believe there are conditions and places where an increase in the minimum wage is justified. I think it would be easier to increase the minimum wage in those specific places if you just had to convince the local governments.

If minimum wage was set at the local level, you would have an easier time doing it AND you wouldn't make the minimum wage too high for poorer areas.

This is true. I think it's why minimum wage needs to be set at the local level. Small businesses that are succeeding already in San Francisco can likely afford to pay workers a bit more or raise prices. A pizza parlor in Bonham Texas may not be able to though.

>I make an argument based on principles and ethics.
>someone calls me a jew.

Sometimes I hate Sup Forums.

$15/hr is just a COLA from the 1980s. Want help? Pay a nigger some money. Inflation is due to debasing the currency back in 1971. The mofo flipping your burger has to pay rent, too.

>Thanks for saying so.
let me put it in other words.

you're a faggot.

Some contracts between consenting adults are forbidden, and for good reason. For example, we don't allow the CEOs of companies to get together and agree to suppress wages for their workers.

In some markets there is what's called a monopsony for labor. That is - a single firm is the sole purchaser of labor. In other markets, there is more than one firm, but the firms could collude.

In these cases, the people buying labor would have an unfair advantage against the people selling labor. The labor buyers would be able to act in ways that suppress wages.

Minimum wage can act as a mitigation against exploitative labor practices.

Plus, I believe there are, or definitely could be, examples where raising the minimum wage has had positive effects on the local economy. If a procedure has net positive outcomes, then it is hard for me to see why it should be opposed in principle (provided the procedure isn't too horrible).

It's a legitimate place where both the Nationalism and Socialism in National Socialism is warranted when it's (((mutlinational corporations))) stealing the money from the American people to line the pockets of jews. And like you said, the media shifts the blame for price increases to low-earning American workers.

I should have also said that to keep small businesses/Mom+Pop shops from going under (considering the much lower margins they operate at), small business taxes should be slashed to the bone.

Wages should reflect the local market and cost of living, agreed. And maybe $15/hr is too high in some markets, but it's barely passable for a living wage in others.

I legitimately want America to return to an era where even menial jobs can approach supporting a family. Whether that be niggers, mexiniggers, or white trailer trash or whatever. Businesses can afford it, esp the aforementioned (((mutlimational corporations))).

this isn't a pro-jew board. fuck off

Bitching over wages is pointless if you never talk about monetary policy.

It's like fighting over the color of a car that's missing the engine, wheels and transmission.

15 bucks an hour?
That's a fucking fortune!

The average Mexican wageslave gets paid less than 5 bucks a day

Should we legalize slavery? I mean if its consensual?

>15 bucks an hour?
>That's a fucking fortune!
It's far less than it was in the past in terms of adjusted for inflation.

I agree. In a place like San Francisco 15 dollars an hour would still be a struggle to get by. However, in Memphis Tennessee 15 dollars an hour would put you above the median household income. This is why I don't see why setting the minimum wage at the federal level makes any sense. Either it is too low to help the people in rich places or so high it hurts the people in poor places.

My dream for America is that we return to an economy where the average single worker can make enough money to support a family. The typical family can have a stay at home parent to raise the kids.

>monopsony
monopolies have only ever formed because of government intervention.

>we don't allow the CEOs of companies to get together and agree to suppress wages for their workers.
Why would they do this? No matter how much someone needs money, they won't take a job if they can't live off of it. CEOs have a direct interest in keeping either wages high or prices low, as this will attract more laborers and customers.

>My dream for America is that we return to an economy where the average single worker can make enough money to support a family.
do you really think jews would allow this?

the last thing they want is the bottom classes reproducing more.

American solution:
>pay Jew
>suck Jew dick
>borrow from Jew
>borrow even more from Jew because you paid them for being Jewish
I hate being a Jewish vassal state.

When the minimum wage started going up and grocery stores started buy "U-Scan's" I looked up the company who made them and bought some stock. Now I'm rich beyond my wildest dreams

It depends on where you live. In many places in the country, yes. 15 dollars is a lot. That's why it doesn't make sense to raise the minimum wage for the entire country to that amount.

One issue at a time. Monetary policy is a complicated issue. Definitely one I'm interested in though.

I believe it depends on what you take as the "original" minimum wage value. The time it was last set, in the 60's I think, adjusted for inflation works out to 10.10 an hour.

>monopolies have only ever formed because of government intervention
Monopsony is the obverse of monopoly. Monopoly is when there is only one seller. Monopsony is when there is only one buyer. If only one person is buying the kind of labor you provide, then they can exploit you by buying it for a very low wage.

My hope is to convince people that it is a good idea.

shut up econmoic illiterate

gov has no moral reason to be able to tell you how much to pay a fucker to work

crony regulations

mises.org/library/property-rights-and-theory-contracts

>Let us pursue more deeply our argument that mere promises or expectations should not be enforceable. The basic reason is that the only valid transfer of title of ownership in the free society is the case where the property is, in fact and in the nature of man, alienable by man. All physical property owned by a person is alienable, i.e., in natural fact it can be given or transferred to the ownership and control of another party. I can give away or sell to another person my shoes, my house, my car, my money, etc. But there are certain vital things which, in natural fact and in the nature of man, are inalienable, i.e., they cannot in fact be alienated, even voluntarily.

>Specifically, a person cannot alienate his will, more particularly his control over his own mind and body. Each man has control over his own mind and body. Each man has control over his own will and person, and he is, if you wish, "stuck" with that inherent and inalienable ownership. Since his will and control over his own person are inalienable, then so also are his rights to control that person and will. That is the ground for the famous position of the Declaration of Independence that man's natural rights are inalienable; that is, they cannot be surrendered, even if the person wishes to do so.

>Or, as Williamson Evers points out, the philosophical defenses of human rights

>are founded upon the natural fact that each human is the proprietor of his own will. To take rights like those of property and contractual freedom that are based on a foundation of the absolute self-ownership of the will and then to use those derived rights to destroy their own foundation is philosophically invalid.

there's the argument

>If only one person is buying the kind of labor you provide, then they can exploit you by buying it for a very low wage.

Then provide a different kind of labor. Assuming this is unskilled labor, there are multiple different fields of work that you can go into.

People will take jobs if they can at least "get on down the road" and make rent/light bill and minimal payments on everything else.

CEOs have one job - to make as much profit for the shareholders this quarter as they can. What happens next quarter is neither here nor there and potentially somebody else's problem.

Then let's find the middle ground, at least at the federal level. Maybe it's $10/hr but that's a far cry from $7.50 and would make a big difference in a lot of American workers' lives.

>My dream for America is that we return to an economy where the average single worker can make enough money to support a family. The typical family can have a stay at home parent to raise the kids.

I agree with all of this.

>muh AM I BEING DETAINED
kys, here's your (You)

Hey dummy. Do you have any formal economics training?

Some of your arguments seem a little confused and I want to know what level to explain it on.

Seriously though your best argument is based on an assumption that we should convince hundreds of small governments to do what we want instead of just one. Even Hayek doesn't agree with that criticism of central planning.

I don't know what you fags are sperging over. This guy seems to have a solid argument

OP thanks for sourcing vid

That image sums up Australia really well. Our minimum wages are really high so everything costs a lot and all the shops are understaffed

Subbed big boy. Keep the channel growing and it might be a Sup Forums approved prager u.

The minimum wage was invented as a eugenics plot:

fee.org/articles/the-eugenics-plot-of-the-minimum-wage

>One issue at a time. Monetary policy is a complicated issue. Definitely one I'm interested in though.
Again, talking about the color rather than the missing engine, transmission and wheels.

Why find the middle ground though on minimum wage? The middle will hurt the poor places (though not as much as the high wage would). The middle wouldn't help the rich places (as much as the high wage would).

In my view the federal minimum wage should be the absolute floor for the country. The minimum wage you need to make to live in the cheapest place in the country. Then, we should expect states and major cities to set minimum wages that exceed this to the extent that is right for their communities.

This approach will also let us experiment with many different minimum wages. If we run a lot of experiments and find that raising the minimum wage is almost always good - the cities and states will have access to that knowledge when setting their own minimum wage.

I think in principle the minimum wage isn't necessary. After all, I could offer you a job for 25 cents an hour. You almost certainly wouldn't take it - but my offer hasn't hurt you at all so why should my making the offer be illegal?

In practice though, I think not having a minimum wage can, at least potentially, have negative consequences. These consequences may be reduced economic activity, or firms that buy labor banding together to suppress the price.

Inflation proves our current monetary system is a pyramid scheme.

the easiest way to eliminate the troubles of minimum age is the abolishment of universal citizenship and the implementation of a new class of service serfs

I hope you know if the [rice of lbor goes up then only quality workers worth the pay will be hired. Illegals will be out of work and we can justify gibs cute

>lolbertards think this is a bad thing

You guys need to learn to agree with democrats for the wrong reason

I took a basic economics class or two in college. Try to lay out the argument in the terms you are most familiar with. If I don't understand I'll google or ask you. If your terminology is really complicated, or your argument requires a lot of background reading - then you'll just have to do your best to explain it as if to a layman.

Thanks

I'll do some reading about Australia and the minimum wage there. It may provide valuable insight for the discussion in the states. I read a lot about Sweden recently and it was really fascinating.

Glad to have you aboard. My goal is to give a thoughtful analysis of aspects of politics and culture.

In doing research for this video I also came across the idea that minimum wage was a plot by labor unions to hurt black people. Thinking being: poor blacks, and black teens, could do jobs that provided very little value (fill up your tank at the gas station, be an elevator attendant, etc) but couldn't do jobs that provide more value than that. Enforce minimum wage, now nobody can afford to hire black people. Now black teens don't get into the labor market. Now there is less competition for labor.

Not sure if I believe all that, but it is an interesting idea at least.

I'll get to monetary policy. Thanks for bringing it up. I'm adding it to my notes now.

Pls respond.

he did.

Nice video

I'm more concerned about the size of the debt and the fact that the government routinely spends more money than it makes. Inflation is an interesting property of money, but I'm not convinced it makes it a pyramid scheme. Maybe you could lay it out a bit clearer for me.

Hmmmm... not sure I'm convinced that's the best way to go. Maybe we find an island filled with the most dangerous animals and deport all our undesirables there instead.

then why the hell is 1 person getting fired if the price is increasing?

>My hope is to convince people that it is a good idea.
you're arguing against the wrong people im afraid.

Food for thought on Australia's minimum wage:

> Minimum Wage - $17.70
> 20 Year old - $16.48
> 19 Year old - $13.92
> 18 Year old - $11.52
> 17 Year old - $9.75
> 16 Year old - $7.98
> Under age 16 - $6.21
> Welfare $7.50+ (equivalent)

^ All in AUD. Despite this, the minimum wage is also rendered moot in Hospitality, some reas of retail & unskilled labour where cash in hand lets business' dodge the minimum wage altogether.....and even still we have problems getting jobs for the unskilled & our youth, but these factors mitigate it quite a bit.

Make Australia a cashless society with a $17.70 min wage for all workers & you watch Unemployment skyrocket.

>cartoons always tell the truth and bear no agenda
>especially when published by lolbertardian sites
Oh, sweetie.

because both are exaggerated because a happy customer paying regular price doesnt make for an engaging political cartoon, and its just easier to illustrate a a fired employee than one who has had their hours cut back to maintain costs

Bottom line - if there's no minimum wage, jews will pay less. Significantly less.

It won't hurt poor places as much or at all (and mom+pop businesses that matter in richer areas) IF, like I said, small business taxes are cut massively.

It will still help workers in rich places because getting a ~25% raise would change pretty much anybody's life at whatever level they're at.

The absolute floor is practically slavery and it's beyond wrong for American/(((American))) businesses to do that to American workers. Not even joking when I say the jews running these types of businesses should be lined up and fucking shot.

Otherwise I don't have a problem with your proposal AT ALL that the min wage should be variable based on cost of living in a given market. But with a floor that doesn't insult the human condition for Americans so jews can make an extra shekel in dividends.

That picture is really stupid.

So what if the guy got laid off? Obviously he wasn't needed to help run the business.

An employer can lay off an employee for any reason.

this

it's a shit job anyway
I don't see why anyone would be wanting to work there

Jew detected. Sup Forums is a white board, kike.

Underrated post
>the last thing they want is the bottom classes reproducing more.
How else will they get their 2800 slaves apiece? More laborers = cheaper, more disposable laborers.
>CEOs have one job - to make as much profit for the shareholders this quarter as they can. What happens next quarter is neither here nor there and potentially somebody else's problem.
That's not actually true. They're there to run a business in context, not to play vidya. That's their own personal drama that they're using the corporation to play out. The "shareholder value" myth conflicts with the fiduciary duty to preserve the value of the business. Profits don't benefit the owners. Solid, safe business does.
We gotta get Pic related back.

Money is supposed to represent work done. Inflation means every dollar that gets printed makes every previous dollar's value worth even less. Debt, loans and compound interest all feed into inflation. It's a downward spiral from there.

> But with a floor that doesn't insult the human condition

$0 is pretty insulting....being told it's illegal to work is insulting & unemployment is shit for the human condition. Why is everyone so scared of the market naturally raising incomes & lowering the cost of living? We did it for literal decades...

> min wage should be variable based on cost of living

At the very least we have to do this in all western countries.

>How else will they get their 2800 slaves apiece? More laborers = cheaper, more disposable laborers.
they dont really give a shit about that.

1 billion niggers arent useful to them either.

I don't remember the last time I went near a burger joint, and saw a bunch of barely-English-speaking spics working at the "teenager job."
It's not teenagers trying to get the minimum wage raised. Build the wall.

fuck you. Why not set the minimum wage to 1000 dollars if 15 an hour is so fucking great? All any of you have done is just take the bottom rungs out of the economic ladder, by overqualified people.

If your labor makes me 2 bucks an hour, and you expect me to pay you another 3 dollars, I'm going to tell you to go fuck yourself, and find a different way of getting it done. This is the reason Mcdees is switching everything to robots. You fucked them blind with the repeated hiking of the minimum wage, and now they're telling you to go fuck yourself. Business owners, like everyone else, are loss averse. They are not going to take some idiot siphoning their money lying down. They will eat costs in order to eliminate them by any means necissary, and in the end, the one who really suffers is the guy at the absolute bottom of human capital.

The minimum wage destroys people at the bottom, no matter how "low" you set it. The best minimum wage is 0.00$.

>The best minimum wage is 0.00$.

You're using a push model instead of a pull model. In fact, money represents an option to employ labor in order that the laborer can fulfill their debts.
>Debt
Actually, inflation is good for debtors, in that increasing (or should be increasing) real wages can pay off the same nominal debt quicker.
>using money as a store of value
Pic related

>Posted on Reddit

Get the fuck out

t. wants low skilled spics to take all the jobs and provide white people with shitty services so schlomo can save a few bucks


Literally kill yourself

Hello merchant. I bet you don't like work vouchers either.

Yes. There are things you can work for other than money, retard, and if you really want to get right down to it, yes, being payed absolutely nothing and working is better than nothing and sitting on your ass.

>mfw i read your idiotic post after I graduated with a BS in IE and economics, and an MS in financial engineering

its like you're not even trying

>Why is everyone so scared of the market naturally raising incomes & lowering the cost of living? We did it for literal decades...
See this fucking graph.
See it?

That's the free market at work. It's not raising wages. It just isn't. The Jews are fucking winning and you're asking them to fuck you harder. You fucking fag.

Ancaps should be lined up and shot.

>being payed absolutely nothing and working is better than nothing and sitting on your ass.

It's for the smaller companies who get a worse hand as every decade goes past as a result of these not the huge companies who already do the bare minimum employee wise.

Go fuck a pig, and be sure to do it on the other side of the wall.

> That's the free market at work.
What are you fucking 15 mate? You should know by your age the regulations that have come in to cause those sorts of downward pressure on wages that divorce it from productivity.

What? You still have white people working at McD in the US?

dude you need to talk with CHARISMA and PASSION.

You are talking hell slow and careful like you are reading every syllable from a script.

Sup Forums is a Christian board. Kill yourself, Saracen.

What denomination I will debunk christianity if you want me too

>The minimum wage destroys people at the bottom, no matter how "low" you set it. The best minimum wage is 0.00$.

We don't have perfect competition and all that perfect case scenario shit. Minimum wage should be lower than it is however because you guys have all the beaners who just take $3 an hour under the table.

>Burger and fries won't go too $12
>It's already 11 and change in Washington

Kill me

Minimum wage here is $19

Burgers from fast food are like $5.

All you're probably useful for is shitposting and smoking pot in your mother's basement. In her heart of hearts, she fucking hates you. You're damn right it's better to work for nothing. Payment is a personal arrangement between two people, and there are a whole host of things without of objective value in the now that people could be working for. The minimum wage is the government sticking its nose where it doesn't belong.

In my town it is always druggies, they are the only ones to fall for the fast food meme.

You get paid less then a busy restaurant because you don't get tips. Then you have to deal with people ordering 50 nuggets. It is harder work too. You even get the satisfaction of knowing you are just a cog in a mega-corporation and you will never climb the latter because you are one of many.

Plus all the dumb ass druggies fuck up your order literally every time, they lazily throw your food together. One time my friend ordered a burger from McDonalds and they forgot to give him a fucking meat paddy, everything else besides it. I don't know how any human being who isn't a complete fucking retard could fuck up that bad.

Thanks

What do you mean? I don't think of this video as arguing against pol. Instead I think of this as arguing against an ideology that suggests the federal government has to do everything. I think this ideology leads to single motherhood or double income families and reduced numbers of children - though it's a bit much to reach that connection all at once. That's the general thesis I'll be working towards with my videos though.

That's interesting. Making minimum wage scale by age is an interesting idea... I haven't fully thought through the implications yet.

The cartoon isn't necessarily true. It is an illustration of one argument on the subject though.

I agree with you on reducing tax burdens on small businesses. I think we need to get small family owned businesses flourishing again. That kind of life - where you run a store, or a company, and bring your kids up on it, and pass it on to them seems very idyllic to me.

Whether or not minimum wage should be in place and what it should be I think is a question for a local economy and local legislators. At the very least, many experiments would give us more real world data to develop better ideas about what minimum wage should be.

>The minimum wage is the government sticking its nose where it doesn't belong.
>WHY CAN'T I PAY THOSE STUPID GOYIM 0 DOLLARS AN HOUR

Kids working at Maccas can get paid as low as

They're okay. Something's got to stand in the way of the psychopath wanting it all.
>doesn't know Modern Monetary Theory
>financial engineering
You were taught to cook the books to preserve a broken system, not fix it. No wonder you don't know anything useful.
Neck yourself.
>huge companies who already do the bare minimum employee wise.
Since most huge companies participate in financial engineering, huge companies have lots of fat to trim and lots of juice to squeeze, if it comes down to that.
It is an argument that isn't supported by facts, which is why it's a cheap and emotive cartoon.

>What do you mean? I don't think of this video as arguing against pol. Instead I think of this as arguing against an ideology that suggests the federal government has to do everything. I think this ideology leads to single motherhood or double income families and reduced numbers of children - though it's a bit much to reach that connection all at once. That's the general thesis I'll be working towards with my videos though.
thats what the jews want though, its working just fine.

economics has been solved for a long time, they can do whatever they want now pretty much.

>We don't have perfect competition and all that perfect case scenario shit.
Lol, nothing about this necessitates a "perfect scenario", as there is no specified scenario to begin with. Stop huffing petrol.

Then again, you live in a weird upside-down bizzaro world. You can't be expected to understand or comprehend our right-side up economics.

>what are population differences

Well tbf macccas does only hire 16yr olds, and I think its a bit bullshit that wages are stratified equal wages equal pay etc.

But I've known people to stay there for years and get more money.

But work in woolies get $18.70, work in a bottle shop get $25, work in aldi get $28.

I worked at a McDonalds not too long ago, and had a manager that would push to try and get every order completed in about a minute. Just so his boss could give him the "fastest expeditor" label.

It was assholes like him who literally was yelling behind the people making the burgers and the people assembling the orders that caused twice as many mistakes as usual.

TL:DR, it's not always the employee.

If their profit margins/dividends/company value goes down for more than a quarter or two, they're replaced with somebody that will be a better shabbos goy and make their portfolio go up again. SOMEbody's got it in them to either go gas the lower earners or find a new clever jewish accounting trick to make it so they LOOK like they're """losing money""" but actually make more.

We do gotta get your pic related back. Any NS worth their salt will recognize the gommies actually have their fingers on the pulse of this problem.

>inb4 muh computers
Everybody knows that you faggot, don't even reply.

$7.50 right now is insulting. The free market isn't free you stupid nigger. What in the fuck do you think is going to happen when we've allowed multinational jewish corporations who have found every loophole in the system to take over in the last [#] years and then remove the final token yokes that prevent them from enacting literal white slavery? Go look at South Africa.

Because $1000/hr is retarded. I don't want to live in a country where the bar is set at third world niggerdom workers. And neither do you you stupid faggot. kys

As I said later and should have included in my original argument, small business taxes should be slashed massively to compensate.

>Washington
To be fair, that alludes to what OPnigger and I have been saying that the min wage should be variable, just not fucking obscene.

I think we're closer in opinion than I originally thought. It's just a question of how to do it.And how to mitigate jews taking advantage of it. I'm very much open to experimentation where it's warranted; I think that's why state governments exist and contribute toward the fed gov.

So if minimum wage is raised does that mean other jobs above the minimum get raised as well?