Comments by "whyamimrpink78" (@whyamimrpink78) on "Youth Jobs Now" video.

  1. Sage Mantis We need to keep money, but we should also do our best to make people understand what money is. The number one problem our economy faces is that people don't know what money is. As someone mentioned money solves two problems. One, the double incidence of wants problems. I have a skill where I am good at math and science. I work for a lab. My lab pays me in money. They don't have food or a place for me to live, so they pay me with money. I use that money to go to a place to buy food, so I don't have to work for that company for food, I just pay them money. The other problem is the retention of value problem. If I run a store selling food I won't be able to save enough eggs or milk to buy off land to build something on. That is because milk and eggs have expiration dates. Now the other thing we need to teach people is that money has zero value until it is used in trade to produce what both parties involved consider to be wealth. What I mean is that if I pay you $20 and you mow my lawn, I felt it was worth $20 for you to mow it and you felt you earned enough. I got my lawn mowed and you can now take that $20 and by something, say two movie tickets and 2 drinks. Now that movie company has $20 and the cycle continues. The problem that comes is when people feel money is finite and has a set value. That is when you get terrible economic decisions such as high taxes and giving money away to people who society deems to not be producing any value. As in government takes $2 from you $20 and give it so some guy in the mail for doing nothing. Now instead you earned $18 and that guy earned $2 for doing nothing. So in this basic example that $20 is now only worth $18. So now you may only buy 2 movie tickets and one drink, or 2 drinks of smaller sizes. And that $2 is essentially worthless in that it produced nothing. That is what money is. It is needed but people need to understand what money is.
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  2. Dan Harris Bernie mentions a problem but his approach is completely off. One, he supports the min. wage which is known for killing jobs for the youth. Remove the min. wage and youth unemployment goes down. Next, I watched like half the video and had enough of Bernie and his shallow talking points, but he said that we have more people in jail than China, a communist country. That isn't out of the norm. In communist countries you are basically imprisoned and if you do end up in jail you are predicted to have a short lifetime. So what he said there was deceptive. Typical Bernie.
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  3. Get rid of the min. wage and youth employment goes up.  Raise the min. wage (which Bernie supports) then youth employment goes down.  This is as simple as it gets.
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  4. Dylan Hart Now try to swing that past Bernie and his supporters and see what you get.
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  5. Dylan Hart Sorry
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