Minimum Wage: Bad for Humans, Good for Robots


Hello I’m kind of Andrew Heaton and you’re watching Mostly Weekly. (Mostly.) And today I’d like to talk to you about
minimum wage. Every year I explain why I think minimum wage
is a bad idea, that way I can use hate mail to heat my house. Now the minimum wage is back in the news thanks
to places like Seattle, where the city has increased their minimum wage
from $11 an hour to $13. And in New York, where a law was just passed
raising the minimum wage to $15 an hour. Listen, I’m on team helping poor people!
#PovertySucks But we shouldn’t make policies based on
what their intention is, we should judge them on what their effect
is. The effect of jacking up the federal minimum
wage is that employees cost an employer more money. So they’re apt to cut back on hours, reduce
jobs, or replace employees with robots. And increasing the minimum wage does lead
to more automation, at least according to evil right-wing think
tank MIT. To give you an example, this is what happened
when I asked for a raise: I’d like a raise. We’re replacing you with a robot. Alright here he is. Mandroid Heaton. Greetings evil human. Hello Mandroid. Can you tell us a little bit about the effects
of minimum wage on labor markets? It’s great. Are you just saying that because you think
a higher minimum wage will lead to more robots? No, of course not. I’m saying that people can’t live off
less than $15 an hour and it’s inhumane to vote otherwise. Hold on, I’m not saying poverty isn’t
bad, I’m saying that if raising the minimum wage
means you don’t get a job at all, then the real minimum wage is zero. You’re heartless. And I think you humans you should jack it
up to $30. Hell, why not $60! Okay, if we raised the minimum wage it would
help some people but would also lay off a lot of other people. According to the Congressional Budget Office, raising the minimum wage to just $10.10 an
hour would lift about a million people above the
poverty threshold, great. But it would also mean laying off half a million
workers. In other words, increasing the minimum wage helps people who have low skills, but it screws over people with the lowest amount
of skills. Okay, you need to think big picture. Step1: Raise the minimum wage. Step 2: Build Skynet. Is there a Step 3? You’ll find out. Okay. Picture a ladder. Raising the minimum wage is like kicking the
bottom rung off that ladder, and then bragging about making the bottom
rung higher. That’s true—but people that are below
that new step don’t get jobs at all. Plus minimum wage jobs aren’t permanent
castes poor people are stuck in. They’re mostly entry-level jobs. Two thirds of minimum wage workers move on
to a higher salary within a year. About half of minimum wage workers are sixteen
to twenty-five years old. The more we raise the minimum wage, the more
of them we lock out of the job market. Which is really bad news for a high school
dropout or a felon looking to get their foot in the
door. And maybe some big companies can afford a
higher minimum wage. But mom and pop shops can’t. For example, Starbucks can afford to pay their
employees more: they’re a giant company and they could just
charge more to spell your name correctly. Local coffee shops don’t have that option– they have razor thin profit margins. Labor is a significant portion of their overhead. So if you raise the minimum wage, there’s a real chance you’ll drive independent
businesses out of business— which helps out big companies, many of which want a higher minimum wage for
exactly this reason. In Seattle businesses have increased the hourly
wage of their workers, but they’ve also cut the amount of hours they
work. So workers on net are making less money. And again, I can’t stress this enough, the
higher we raise the minimum wage, the more robots we have to worry about. It’s a bad idea to have one one-size-fits-all
price for the entire country. You can pay two dollars for a beer in Scabies
County, Virginia. Whereas in New York City if you want to buy
a Pale Ale you need to kidnap and ransom a toddler. Stuff costs more in big cities. So a grocery store in Gout City, Montana just can’t afford to pay $15 an hour to all of its cashiers. Listen, we all have human feelings. And we all consume carbon. But–Sarah? The teleprompter is all robot-y. You been replaced by a robot? No. Okay. Well anyway, Remember: spay and neuter your
Roomba. I’m Andrew Heaton and I’m definitely a
human being and not a robot.

100 Comments

  1. Nemerian said:

    Well, you could eliminate minimum wage entirely, and it might work marvelously(Sweden does it)
    Thing is, they also have a strong union culture in a ton of areas, so they can collective bargain with employers to fuck off if they get too greedy(and threaten the unions themselves that they might break off and form new unions, if they don't do their job properly).
    America kinda lost that.

    March 28, 2018
    Reply
  2. b zz said:

    Robots and machines are more productive hence the economy is more productive, it acts as an incentive to purchase capital and innovate. Human capital can move in a new direction or people can be given UBI, Thoughts?

    April 6, 2018
    Reply
  3. Dumb Ass said:

    Automation will lead to economic collapse because robots do get wages and people won't have money to go buy anything so even companies that went to automation will collapse no one will buy there products

    April 6, 2018
    Reply
  4. Demondragonkinggav said:

    The other problem is that a few months later after minimum wage goes up all the prices go up. Making the raise pointless.

    April 8, 2018
    Reply
  5. dafuzzymonster said:

    if a business cant provide a living wage then it doesn't sound like a functional business. Nerdwriter1 has a good video on it, uses seattle as an example i think but im not sure…

    April 11, 2018
    Reply
  6. Maurizio Botindari said:

    Italy doesn't have a minimum wage at all and in fact we have a thriving economy and almost no unemployment especially between the younger population.

    Except… The economy is failing and the unemployment is at 12% and grows to 40% for the younger.
    Peoples are still unemployed and the ones that do work can't afford nothing.
    I did work 4 months once for 300 Euro at month working between 10-12 hours at day with one day off. No overtime counted since that was a salary.
    It was either that or nothing.

    The concept work on a idealistic model but when confronted with reality the economy is a little more complicated than that.

    April 15, 2018
    Reply
  7. Mark Howe said:

    where are people getting the data and figures for this? Can anyone give an example of an increase in minimum wage leading to long term increase in unemployment?

    April 15, 2018
    Reply
  8. Greg Rohs said:

    Kind of andrew heaton is a complete dumbass.

    First off businesses that can automate will regardless of minimum wage.

    Secondly the labor dept has over 50 years of data they have studied has never equated to loss of jobs.

    You mentioned Seattle. You do realize that since their minimum wage went up their unemployment rate went down.

    You made up seattle cutting hours. It didnt happen. Same hours worked and they have a shortage of "the lowest rung" employees you say will feel the pinch. They didnt.

    You then equate minimum wage as the only reason for the increased cost of a beer in a metro area. Lol what kind of expert doesnt add all the variables like increased distribution costs, increased cost of rent etc. So a place that is charged $10000 a month in rent will charge the same as a place rhat is charged $800?

    Now lets look at states with low minimum wage. They make up a lot of the top ten on lists you dont want to be on top ten lists for.

    Top ten poorest.
    Top ten for poor economic growth.
    Top ten for worst economies.
    Top ten for residents on welfare.
    Top ten for needing federal funds for state budget shortfalls.
    Top ten for least educated.
    Top ten for accessible healthcare.
    Top ten for crumbling infrastructure.
    Top ten for abortions.
    Top ten for pregnant women in jail.
    Top ten for heavy drug use.
    Top ten for incarceration.
    Top ten for crime rates.

    Then if you look at say California, Washington and New York those states are not very high on those lists. In fact they give more to the federal government than they recieve. So without them your shithole states would be even more shitholey.

    Then if you look at what countries have higher wages they rank above the US in almost every possible category you want to lead in.

    Oh and the first world countries with no minimum wage have empowered unions. Those countries have workers of every walk represented and their wages in the end are double what ours is.

    Maybe if you were smarter than a box of rocks you could actually afford to pay your heating bill instead of using hate mail.

    Btw when actual real world data is used to disprove your uneducated stance its not hate mail, its called facts ya fucking dolt.

    April 16, 2018
    Reply
  9. Meep Changeling said:

    Dude, dumbass, we want more robots. Why? More robots = less humans who can get jobs. Less humans with jobs, less happy humans. Less happy humans, less votes for the existing political parties. Less votes for them, more votes for people who will actually do things. More votes for people who will do things, more political chaos. More political chaos = a chance to actually change this broken system out for one not designed for an age without any significant technology.

    April 16, 2018
    Reply
  10. ValueOfNothing said:

    It's like you haven't seen the arguments for a minimum wage before. I guess that is what computers do to our brains.

    April 22, 2018
    Reply
  11. qwMF05gCPT said:

    Do we need a minimum wage at all?

    April 24, 2018
    Reply
  12. SkepticalArachnist said:

    If your country's president is an ex-KGB operative who likes to ride horses and holds conservative/ populist views, than you have the option to raise the minimum wage.
    Otherwise, you'll just get yourself fired…

    April 25, 2018
    Reply
  13. Landon J Powell said:

    Robots don't just cost less than people on minimum wage, Andrew. They cost less than feeding people. They have an initial development cost, but after that they're practically free, as it only takes electricity and rare instances of maintenance (which can be done by other robots) to keep them running.

    April 25, 2018
    Reply
  14. Obsidian555 said:

    Great points you make here!!

    April 26, 2018
    Reply
  15. frenchiveruti said:

    But there's a problem, I want to see you LOWER the minimum wage and think for a moment if the owners of, in example, Walmart are going to even think about hiring new employees.

    April 26, 2018
    Reply
  16. Douglas Oak said:

    What we should do is create an agency that sets min wages on a case by case basis. Based on each company's specific gross profit margins.

    April 27, 2018
    Reply
  17. Emperor Picard said:

    The biggest rule of economics: You can NOT create wealth from nothing.
    So where does the wealth from raising minimum wage come from?

    May 1, 2018
    Reply
  18. Michael Prüller said:

    I know step 3 it is profit

    May 4, 2018
    Reply
  19. Felix Immisch said:

    Well I agree that the USA should not have a federal minimum wage! As you ve said it is too huge and depending on where you live it may either be too low to be of any use or too high to be affordable for the company.
    However I do believe that a certaint minimum wage (that varys from state to state) wont be as harmful as you described. Unless you push it up too high!
    For example here in germany we have a minimum wage thou it actually is pritty low. It ensures that thw workers can live of their Work if they work a lot but it is not so high that companys couldnt afford it. I mean heck nearly all jobs here are above the minimum wage anyway. But for those that arent it is good that we have it as it makes sure that nobody works and still has not enough money for himself and his family.
    I mean what is the point in wirking long and hard if you get barely more money that somebody on federal assistance who doesnt work at all. (Thou over here they have to activly search for a job)

    May 4, 2018
    Reply
  20. James George said:

    Robots do take away some entry level jobs, such as cashier, but what would really bring jobs back into the economy is if private prisons couldn't lease out their prisoners as forced, unpaid labor in fields and factories. So many jobs are done by prisoners for zero money, with threat of punishment if they don't work.

    May 5, 2018
    Reply
  21. seekEpiphany said:

    How about abolishing bosses so we don't need a minimum wage AND keep our jobs?

    May 6, 2018
    Reply
  22. Something Survival and games said:

    I masa Alma’s the same argument in school but the other team just had two lines…More money and less poverty and they won the point is most people are stupid and we have to live with that.

    May 8, 2018
    Reply
  23. Jake Sanders said:

    Dude … you are hilarious!!

    May 8, 2018
    Reply
  24. Karl Striepe said:

    Seriously. After they raised the minimum wage here in California suddenly are all these computer ordering machines and automatic hand-dryers appeared at the McDonald's restaurants and thousands of people lost their jobs.

    May 10, 2018
    Reply
  25. L P said:

    raise minumum wage on any company/franchise that earns more than $300,000 profit to CEO a year? fuck im smart!

    May 12, 2018
    Reply
  26. darthdude said:

    that's why they increased it in the uk, means you pay more tax and get less benefits, and the cunts keep taking more from us, they will only be happy when we start dropping dead in the street through starvation, malnutrition(thanks to codex), and people still think voting is the way to change things.

    May 14, 2018
    Reply
  27. Curtis Jeffress said:

    Love the West world theme in the back when you mention robots

    May 14, 2018
    Reply
  28. Rick Sanchez said:

    Put a tax if you employ a robot?

    May 17, 2018
    Reply
  29. Julian Cavaleri said:

    Wonder why it's working so good in literally every other country

    May 21, 2018
    Reply
  30. BC said:

    Raising the minimum wage is actually the cruelest thing you can do to homeless or unemployed people. You could hire three people at $5 for the price of one person at $15, and those people would then have job experience to build a resume and hopefully make more money in the future. The vast majority of minimum wage jobs are stepping stones from unemployment to a well paying good job, and when you take that stepping stone away it just makes it more difficult for the poorest people to get a decent job. Raising the minimum wage actually increases income inequality.

    May 22, 2018
    Reply
  31. James Clune said:

    Raising minimum wage creates automation and hurts poor people. Sounds like a win win

    May 23, 2018
    Reply
  32. Cody Gatzke said:

    The problem with the Starbucks analogy is that they are a franchise. The franchise owner can’t raise the prices because it is set by corporate, they can’t find a cheaper supplier because the brand requires a uniform product nation wide. Corporate doesn’t care they are guaranteed their percentage the franchise owner is required to pay. Minimum wage puts immense pressure on to the franchise owner, most of which are hard working people who made smart choices and live below their means which allowed them to save up enough to buy a franchise.

    May 26, 2018
    Reply
  33. mechaart said:

    "If you raise the minimum wage, then its going to raise the rent.When it raises the rent then your'e going to have to build affordable housing, when you have to build affordable housing then you tax the people to build the affordable housing.When you tax people to build the affordable housing the people move out of the city and you have to raise taxes on the people who live in the city. That is how you hollow out the income of a major metropolitan area"
    Ben Shapiro

    June 1, 2018
    Reply
  34. Brovahkiin said:

    I think there is a balance between a minimum wage that guarantees the absolute basics of living, and not too high so companies see no incentive to fire people.
    If you're the only small business in you town, that can actually offer jobs to people, you shouldn't be able to pay them 5$/hour

    June 11, 2018
    Reply
  35. SystemYTP said:

    Bullshit. Before we got a minimum wage in Germany, all companies screamed death and warned about the consequences.
    Now we have it and it had almost no impact on our unemployment numbers.

    And even if you lose jobs – if your company cannot afford to pay people more than the bare minimum they need to survive, your company sucks. If a minimum wages makes your company bankrupt, you have already exceeded your capabilities and now you're being punished. Period.
    It's fine if some people are willing to work for almost no money, but thankfully not everyone is that brainwashed.

    June 30, 2018
    Reply
  36. Mark Tucker said:

    And I'm (Kind of) a fan of this show

    July 16, 2018
    Reply
  37. John Leitaker said:

    increasing minimum wage as the reason people get laid off is bullshit, it takes many years for wages to increase yet business start the layoffs immediately, and 40% of all workes in California work for minimum.

    July 20, 2018
    Reply
  38. Sam said:

    Unemployment is driven by the job market. If there are no jobs don't blame workers who want to survive off their wage (a sentence so obvious it shouldn't need to be written down). There are no jobs because there is no demand for products because no one has any money. The problem is the absurd, record high wealth inequality. If inequality was reduced the working class would have money, causing demand, causing jobs.

    July 22, 2018
    Reply
  39. Sam said:

    Robots, like all technological advancements, are good for everyone as long as the profits are spread out over society. Employment is not the goal of society; employment is an unfortunate necessity. Tech advancements should lead to freedom, not fear. You are only scared of robots if you have already given up on your right to decide how society is organized.

    July 22, 2018
    Reply
  40. wini 3 said:

    Minimun wage is shit. plus we should implement a robot tax so we don't lose our jobs

    August 5, 2018
    Reply
  41. Mirza Ahmed said:

    Nick Gillespie is a natural at firing people.

    August 22, 2018
    Reply
  42. Gage said:

    It is a False premise to say that raising the minimum wage will cause more jobs to be lost to automation. Corporations have been and will continue to automate no matter WHAT the wage rate of the humans. It's a false premise to say otherwise. Just think back when automation first started kicking in back in the 1960's, 70s or 80s. I made about 5 bucks an hour……and they STILL automated the job and laid of half the plant. Mercenary republican CEOs will ALWAYS cut the throats of the workers. They are globalist TRAITORS to America. GLOBALIST traitors to America.
    Here's who voted to outsource the jobs – mostly republicans!
    NAFTA vote in 1993:
    House Dems 156-102 against NAFTA (Liberals, thanks for trying)
    House GOP 132-43 for NAFTA
    Senate Dems 28-27 against NAFTA (Liberals, thanks for trying)
    Senate GOP 34-10 for NAFTA
    Vote granting China Permanent Normal Trade Relations (PNTR)) Status in 2000.
    House Dems 138-73 against China PNTR (Liberals, thanks for trying)
    House GOP 164-57 for China PNTR
    Senate Dems 37-7 for China PNTR (Liberals, didn't you hear Kucinich or moderate Perot)
    Senate GOP 46-8 for China PNTR (Thank you 8 RINOs)

    August 31, 2018
    Reply
  43. Evy said:

    Higher minimum wage is great for those who manufacture, maintain, and repair robots.

    September 3, 2018
    Reply
  44. Randomly Entertaining said:

    Step 1: Raise the Minimum Wage
    Step 2: Build Skynet
    XD

    September 4, 2018
    Reply
  45. Seth Napier said:

    hahaha that ladder clip… I remember seeing that in the early days of the internet. God damn that took me back…

    September 5, 2018
    Reply
  46. Carpet Climber said:

    You know what is a cheap labour force? Slavery. Working for a wage that can't give you a roof over your head and food on the table is worse than slavery. Go Murica.

    September 7, 2018
    Reply
  47. JonatasAdoM said:

    That robot has an amazing smile!

    September 9, 2018
    Reply
  48. keats182 said:

    How about we lower Federal, state and local taxes across the board on low income workers and the companies that employ low income workers? How about we have an economic system that allows prices to fluctuate instead of mandating inflation?
    In general I agree with not having a minimum wage. However, there are so many things in our society that force us to pay a lot of money just to exist.
    I was told I could lose my occupancy permit on my house if I didn't buy trash service even though I could easily discard my trash at my work. Paying property tax on a house and vehicle in my city would be a fifth of the income of a minimum wage salary. So even if I inherit the house, I would have to sell it and rent an apartment because I couldn't afford taxes.
    There are so many market distortions in our society due to the government and crony capitalism that it's hard to say that the only solution is to remove minimum wage.

    September 9, 2018
    Reply
  49. Scott Anderson said:

    So what is the solution then if raising the minimum wage is so counterproductive? I think everyone can agree that it is harder to make ends meet nowadays. How do we alleviate this?

    September 9, 2018
    Reply
  50. Elijah Sydney said:

    I say raise the minimum wage until it becomes economical to pay robots instead of people. Now, collect some tax from those companies that use the robots and use that money to pay unemployment to those who lost their jobs. That way I can sit at home and watch YouTube or play video games all day, while the economy flourishes without me. Not only that – I'll spend the money back into the economy. Everybody's a winner.

    In fact, if we have all these robots waiting to work – why on earth are we working at all? This doesn't make sense. Not only that, if robots are taking jobs – why all the product life-cycle or planned obsolescence? Is that to keep the robots busy? Because, you know, robots need jobs, too? Why are we tearing up the world's resources so that robots can make things over and over?

    The world needs to change. Everyone is propping up archaic systems that are becoming increasingly irrelevant in todays world. Capitalism, communism and everything in between. It's all over folks. We need to rethink this.

    September 13, 2018
    Reply
  51. MosesMarlboro said:

    I used to work as a manufacturing engineer at a radiator plant. Part of my job was evaluating how much certain machines/policies saved the company in labor costs, so I had access to all the payroll information. Do you know how much it cost our company to employ one worker for 1 hour being paid $20 an hour? $120 fucking dollars an hour, once you factor in payroll tax, social security, insurance, etc. etc. etc. You want to raise people's wages? Stop forcing companies to pay these ridiculous fucking fees. We could easily pay employees DOUBLE their wage if these regulations were laxed.

    September 15, 2018
    Reply
  52. U Fuk said:

    Good for people in software development
    Bad for people with gender study

    September 17, 2018
    Reply
  53. Ted Phillips said:

    The real reason for increasing the minimum wage to $15/hour is to displace white kids and encourage more illegals to come and work for $10/hour. That's the way it was at the farms off route 50 . White kids wouldgo get summer work until the illegals showed up. Then they would be fired and be replaced bt the illegals.

    September 18, 2018
    Reply
  54. Yoav Mor said:

    3:41 "In NYC"
    Shows an image of an Israeli bar

    FYI 'גולדסטאר' is a transliteration of 'goldstar' .

    September 19, 2018
    Reply
  55. Jacky-David W. Belt said:

    Wal-Mart raised the wages and cut hours, they even did away of some positions. Once someone quits or gets fired they rarely replace them. When I started there were almost 30 people working in my area, now there are 10.

    September 21, 2018
    Reply
  56. Jason Walker said:

    So reading through the comments I feel like I’m one of two people who noticed Godzilla was in both Seattle and New York at the beginning.

    September 27, 2018
    Reply
  57. rohirrim 98 said:

    100000$ an hour
    ALL HAIL THE MASHINE GOD!!!

    September 28, 2018
    Reply
  58. coolkid said:

    The job laws are oddly anti-worker, yet no union goes against them (in fact, they go in favor with them, usually).

    September 30, 2018
    Reply
  59. Adam Brunelle said:

    I’ve said for a while we should eliminate the minimum wage but change the metric for success. A maximum wage would probably do that. If people were not allowed to be billionaires Forbes would have to find other ways to rank its most ambitious. This would have to be international though.

    October 8, 2018
    Reply
  60. Michael Greenhalgh said:

    I mean the solution then is to make the cost of living more affordable… In America’s case, id start by heavily regulating utilities companies based on how much profit they’re allowed to earn, limiting the buy to let market by putting a cap on maximum rent charges, perhaps even slapping on a new tax to discourage exorbitant rents even further, with any luck this will improve the first time buyers property market thus making housing more affordable and making renting more affordable in turn, in order to solve the gaping problems within our societies and allow everyone to live above the poverty line, economies, specifically highly capitalistic ones based off of the “greed is good” philosophy need to be heavily regulated in order to stop its worst excesses

    October 11, 2018
    Reply
  61. William Erazo said:

    So much should we be paid

    October 17, 2018
    Reply
  62. Kevin Slater said:

    Stupid argument.

    If you won't work for $10 an hour we'll replace you with a robot
    If you won't work for $5 an hour we'll replace you with a robot
    If you won't work for $2 an hour we'll replace you with a robot
    If you won't work for $1 an hour we'll replace you with a robot
    If you won't work for 50¢ an hour we'll replace you with a robot
    If you won't work for 25¢ an hour we'll replace you with a robot
    If you won't work for 5¢ an hour we'll replace you with a robot

    The robots are just an excuse. The lost jobs are just an excuse. The lost hours are just an excuse. Right now corporate earnings are higher than they've ever been before yet wages have stagnated since the 1990s. The problem is that the wealthiest refuse to take a pay cut to give their employees a living wage despite the fact that all research points the fact that the more wealth inequality there is the worse the economy becomes and the best way to improve an economy is giving the lowest classes spendable income. The only excuse for this is corporate greed.

    October 23, 2018
    Reply
  63. Michael Gray said:

    Well let your damn robots buy your products

    November 4, 2018
    Reply
  64. Nathan the Minarchist said:

    According to evil right wing think tank MIT

    November 10, 2018
    Reply
  65. Consumer Watch said:

    Well why not have the minimum wage be up to individual cities

    November 15, 2018
    Reply
  66. Edward Wright said:

    Dont forget 1% of the population keeps 90% of the wealth of the world. Let that sink in a bit. This is propaganda

    November 21, 2018
    Reply
  67. ExaltedDuck said:

    YouTube has recommended to me 3-4 of this channel's videos in the last few days. All of them have been good and the wit and wisdom in this one finally earned my subscription.

    November 29, 2018
    Reply
  68. Jason James said:

    Was always against min wage but the robots changed my mind. Go home and sit on the couch. I'll be an automation technician. Bwahaha.

    November 30, 2018
    Reply
  69. Pat Beaudry said:

    Robots bad for the USA

    December 3, 2018
    Reply
  70. david d said:

    So if small shop coffee.workers lose their jobs they just work at the new larger company stores because it's not like the demand for coffee is lowered plus you said larger companies can pay more….cutting coffee companies Doesn't lower demand

    December 4, 2018
    Reply
  71. Im So Lonely said:

    Buy Beer in Cambodia

    December 23, 2018
    Reply
  72. Trace Beaulieu said:

    Do you conservacucks really have passion for that 9$ an hour grocery store stock room lifestyle?

    December 31, 2018
    Reply
  73. Timothy Stephen said:

    I love the WestWold music at the end…

    January 13, 2019
    Reply
  74. Copernicus said:

    Apperently, this channel has right to call itself "reason". Becase this is one of very few youtube channels about politics where you find find "reasoning"

    January 20, 2019
    Reply
  75. Marcos Conquer said:

    Such a fun and informative video! Keep up the good work 😀💪

    January 22, 2019
    Reply
  76. Thor said:

    Facts > Feelings

    February 10, 2019
    Reply
  77. Clorox Bleach said:

    I agree that raising the minimum wage is bad. When you raise the minimum wage, or taxes on corporations (no matter what their worth), you raise their company overhead, which raises the cost of their goods and services, which forces the blue collar man to pay more, which means that he needs to be paid more which raises the cost of overhead for his company, etc., etc.
    There is a problem, but more laws aren't going to help. If you really want to fix it, remove regulations and massively slow legal immigration and do whatever's necessary to hault illegal immigration.

    February 16, 2019
    Reply
  78. Roberto Dubbelman said:

    This says more about how the usage of robots needs to be taxed than minimum wage. If you think about it the other way around: no minimum wage whatsoever=employers that hire people for 2 bucks an hour can get higher profits than competing companies, therefore no stimulus to be paying the least skilled employees anything more than enough to keep them working for you.
    Minimum wage needs to be according to the basic cost of living in a certain area. First you say it's ridiculous that NYC raised the minimum wage to 15 an hour but then you do admit that life there is a lot more expensive there than other parts of the country. So people in NYC without minimum wage would be the most screwed of all groups in the US. The Big Companies are not just beating the Mom and Pop shops because of their "magical corporation abilities". They beat them because they have their headquarters in tax paradise countries and let most of the stuff they sell get produced in countries with less than 0.5 dollars an hour. If you want the mom and pops shops to have a chance you need to make sure the billion dollar multinationals play by the same rules as them. If governments in Bangladesh, Indonesia etc. started progressively increading minimumwages then the US big companies wouldn't be using all this foreign labour and bring a lot of jobs back to the US.
    Why does a mom and pop store have to go through all this paperwork+taxes whenever they hire someone while a company that uses robots has to pay 0 dollars in taxes for their "employees"? Economies need to be run to help regular people in their pursuit of happiness not cheap corporations.

    February 24, 2019
    Reply
  79. Otto Skorzeny said:

    What's the alternative to a Minimum Wage?

    We all know wages will just decline if it was abolished, to the point it will only be applicable to the lowest common denominator (Immigrants) who don't particular care, as that USD will be converted and sent back to their families in their native Homelands.

    What's the solution to ensure work does pay and you can better yourself and that of your family by being a responsible Citizen and doing your part in society? Doesn't really seem like one as it stands, especially with Automation in the near-future.

    March 3, 2019
    Reply
  80. LagiNaLangAko23 said:

    What happened to Ant-Man? Is this the effect of being in that dimension?

    March 5, 2019
    Reply
  81. viktor m said:

    Increase minimum wage decrease hours worked pay less wages W*T*F you bitching about

    March 17, 2019
    Reply
  82. Calamitoso 00 said:

    So, when they raise the Minimum wage, they also low the taxes?

    March 18, 2019
    Reply
  83. ItsNot Denon said:

    If cops can pay, say stores with over x number of stores etc must pay minimum wage. Business less than x in store count don't have to. Or is there a problem there?

    March 24, 2019
    Reply
  84. StormFighterGuy said:

    Minimium wage is actually decent just look at most of europe.. i does have set backs but prevents some poverty thats why in the usa lost of peps are fucked up

    April 3, 2019
    Reply
  85. Robert Field said:

    That ladder guy died…

    April 4, 2019
    Reply
  86. Dex said:

    What about a negative income tax that is set at the level of living wage?

    April 19, 2019
    Reply
  87. Chairman Libertarian said:

    Isn't it anti Libertarian to be against automation. Sure automation gets rid of some jobs. But it also helps create new better jobs.

    April 25, 2019
    Reply
  88. BFF said:

    Before I retired I was happy when the minimum wage increased.
    If the minimum wage increased by 3%, my wages usually increases between 6 ~ 8%, the gap kept getting larger in actual dollars earned per hour.

    I haven't been to a McDonalds for many years. I was on a long drive and hungry so I pulled into one. # kiosks and 1 person working a register. the person working would take care of one customer while each kiosk would 2 to 3. Then the person would walk away for a while then come back to take another order. I was wondering if this person was trying to lose his job.

    My wife and I would always stop at a coffee shop when we went to the doctor or pharmacy We liked chatting with the waitresses about their children, husbands and what was happening. Since california increased the minimum wage they are all gone and part time waitresses work there now.

    Hooray minimum wage increases.

    May 13, 2019
    Reply
  89. ScottySquatch said:

    ….I want hate mail…

    May 18, 2019
    Reply
  90. John Lupo said:

    TOO MUCH VIDEO JUMPING!!!!!!!!!!!!!!!!!!!!!

    May 19, 2019
    Reply
  91. burdickd2 said:

    Fire all union scummy trash.

    May 25, 2019
    Reply
  92. cyberjunk2002 said:

    Good, but it's also missing a key point almost never mentioned when this topic is discussed: raising prices (whether on labor, or a price floor) is only guaranteed to raise PRICES. It doesn't guarantee more INCOME or wealth on the selling side. When most people think of prices increasing (whether by inflation or mandate), they assume someone on the selling side will somehow become richer, but it doesn't work that way. Higher prices just make consumers (all of us) poorer (our own contributions to the economy which lead to our wealth are worth less since we can get less for our money) without a guarantee that income will go up for the seller…demand may simply decrease (perhaps plummet).

    June 9, 2019
    Reply
  93. James White said:

    Automation is inevitable. There is nothing that can stop automation at most you can slightly delay automation.

    June 16, 2019
    Reply
  94. loonvisionnaire said:

    bring back Mostly Weekly!

    June 22, 2019
    Reply
  95. Erik Kovacs said:

    Minimum wage for kiosks now!

    June 25, 2019
    Reply
  96. Michael Moretti said:

    An increase in the minimum wage INCREASES savings and consumer spending, and reduces crime. Increased savings leads to increased investment in business, and increased tax revenue for government services.

    Also, one consequence of increased wages that is almost never talked about – the shift to expenditure on wages, across the economy, leads to a reduction in business property costs and the labour market and the business property markets shift towards new equilibriums.

    C'mon, ReasonTV, I love you guys, but it really isn't fair to look at the labour market in isolation like that.

    July 11, 2019
    Reply
  97. Benjamin Burkhardt said:

    Nick Gillespie without his leather jacket isn’t right. He’s naked without it.

    July 15, 2019
    Reply
  98. tropicAces said:

    Baffling people don’t understand basic economics

    July 29, 2019
    Reply
  99. nemo227 said:

    It may take a few years to see how the big increases in minimum wages impact the number of small business startups. I don't know if any of the higher minimum wage city officials actually consulted with accountants who had small business startups among their clients but that would have been a wise thing to do before passing higher minimum wage laws. But government officials are noted for passing laws with unintended consequences. Simply logic should make it clear (as an example) that an employee receiving $15/hr must produce value in the neighborhood of at least $18/hr because every employee carries part of the business overhead burden. Let's say a very small business overhead burden exists as fixed costs each month: rent, telephone, maintenance, fire insurance, accident insurance, liability insurance, errors & omissions insurance, bookkeeping wages, receptionist wages, order entry wages, production wages, employer matching FICA taxes, allowance for sick days, and many other expenses. These are costs incurred even if there are no sales or if sales are not high enough to provide a gross margin to cover the fixed expenses. People who make minimum wage laws without considering & analyzing such things are derelict in their duty to both employees and business owner because wages that are too high in relation to the value of productivity can cause business owners to go bankrupt and employees to be without jobs.

    July 31, 2019
    Reply
  100. Karl Striepe said:

    But the money will trickle down to the humans after the robots have bought all the electricity and oil-jobs that they can use!

    August 4, 2019
    Reply

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