Comments by "whyamimrpink78" (@whyamimrpink78) on "Raising The Minimum Wage Reduces Suicide" video.

Why $15/hr? Why not $100/hr?
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@frenchflag9390 , that is the actual min. wage so sure. Why not?
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@vikrantpulipati1451 , so no, it isn't a strawman argument. The $15/hr min .wage is essentially an arbitrary number.
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@vikrantpulipati1451 , a living wage is a subjective number. Should a teenager living with their parents earn a "living wage"? You have to factor in many things such as household income and lifestyle.
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Correlation does not equal causation.
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@frenchflag9390 , how will they get underpaid?
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@vikrantpulipati1451 , what makes you think that people are being paid less? Also, what is the amount needed to live? A min. wage only demands how much is paid per hour, not per week. Trying to tie the min. wage to overall productivity is something you can't do. So no, the min. wage would not be $20/hr. You are calling for higher wages for the sake of giving people more money, that's it. Calling for a $15/hr min. wage has essentially little to nothing reasoning behind it.
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@frenchflag9390 , if a business does not pay workers well no one will work for them. That is why less than 4% of the workforce earns the min. wage or less. Most companies, on their own free will, pay more than the min. wage.
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@vikrantpulipati1451 , you can't tie the min. wage to productivity as you are talking about overall productivity. Just because the engineer is more productive due to a new software or computers being faster does not mean the fast food worker is more productive. https://www.bls.gov/news.release/prin1.t02.htm Look at the food industry. The unit labor cost is positive. Unit labor cost is the price of labor over productivity. That means that the price of labor is outpacing productivity in the food service industry. As for Norway and good wages. One, what is their cost of living? Two, what is their teenage and low skilled employment like? Three, what is their overall economy like? You are taking a complex economy and limiting it down to the min. wage, you can't do that. Seattle raised their min. wage to $15/hr with little problems. How? Well one, people can argue their are problems as the teenage unemployment rate is high. But Seattle is a city in a state with low taxes on the rich and is home to major headquarters such as Amazon, Starbucks, Boeing, etc. Those are some of the top employers there and as such their economy is strong to begin with. The min. wage set by the market was high to begin with. It is like this, say the market set the cost of milk to $3/gal. If the government were to come in and demand that milk cost $2.50 gal the sale of milk will not drop as the market set the min. at $3/gal. But if the government were to demand milk to be sold at $3.50/gal the sales of milk will drop. The same is with labor. Seattle set a high min. wage but the market most likely had a higher one to begin with. Now connect that to Norway. Another example is that Robert Reich argued that in the 90s they raised the min. wage wage and saw a drop in unemployment. While that was true there are two factors there. 1, Unemployment was dropping to begin with, and 2, the percent of workers working at or below the min. wage was dropping as well. So the market as in place that the min. wage was already at $5.15/hr. It was all purely a political stunt https://fred.stlouisfed.org/series/UNRATE https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm https://www.dol.gov/whd/minwage/chart.htm They raised the min. wage in 1997, when the economy was strong. Telling me to "google it" is not an argument. What do you want me to google? There are many studies that argue against the min. wage. There are arguments on both sides. You say there are countless studies, then provide me one. Just don't tell me to Google it. I want people to have high wages, I just don't want the government to get involved as I feel it leads to corruption such as crony unionism. I support private unions, but when government gets involved government is in the best interest of themselves and not the people.
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@christopherlee9026 , slavery is government forcing people to work. I am opposed to government forcing things, I rather have the free market of exchange.
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Dave Ponsford , that person earning an extra $6 million did so in the market, plus that is a completely different discussion. You can't clearly define a "living wage" as it is subjective. Also, most min. wage workers are not poor and do not work full time to begin with.
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@karlmarxthebolshevikrabbi2536 , poor example. The doctor gives me prescription based on many factors such as numerous research and my reaction to a drug. For example, I take medication. The dosage can rage from 10 mg to 20 mg depending on the person. I take 15 mg as it works for me. One of my colleagues took the same medication and it did not work for him so he switched to another one. So now apply that to economics. People say a "living wage", that can differ per person. Someone living with parents has a much lower "living wage" than someone living in an expensive city that has to commute to work. That is a better comparison.
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Dave Ponsford , a business can make adjustments to do with less than 10 workers. Many business owners don't put all their eggs in one basket. Take, for example, someone owning 15 McDonalds in one city. They can do the following 1. If 12 of them are 24 hours they can make only 8 of them 24 hours and move employees around to different shifts 2. They can transfer employees from one McDonalds with low traffic to another with higher traffic 3. Or they can simply close some down and work with 12 instead of 15 There are many things to it. You are grossly oversimplifying the issue.
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@karlmarxthebolshevikrabbi2536 , the proper level varies at that point. Should I earn less than a single mom with 2 kids? It isn't about me caring more about profits more but more of caring about doing what is best for the economy. As for this study there are flaws that the study even admits to "Our study is not without limitations. We focus on suicides and drug- related deaths, as these causes are likely to be more responsive to short-term changes in the economic environment. Other causes of death, such as from alcoholic liver disease, may take much longer to develop. This focus on short-term outcomes is admittedly narrow. Examining longer-term effects of the wage structure on health outcomes remains a high priority for future research. Second, our data do not allow us to examine on a granular level the behaviors and mechanisms that generate our estimated effects. We need more data on mental health outcomes and health behaviors to gain a fuller understanding of how income affects mental health and well-being. "
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@vikrantpulipati1451 , the subjective part of a "living wage" isn't always about place. Someone who is able to walk to work with no health problems has a lower "living wage" than someone who has to drive who may has some health problems. Or someone who has a spouse with a high income has a lower "living wage" than someone who doesn't. "At the end of the day, if you cannot afford to pay for your labor you shouldn't have the labor. if you can't afford to pay people enough to live in exchange for devoting their lives to working for you, then close your goddamn business." Or one can say if you cannot justify earning a "living wage" than you won't have a job and deserve to die. You see how easy it is to make a radical, and ridiculous statement?
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@Gage Acosta , the fact that if you are not worth the one set by the government you will not be employed and thus will not earn anything.
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@johntate6537 , I have not read the research but the reality is that many factors influence suicide. Suicide rates are high with those in higher economic standings. So should we cap how much someone earns? Or should we realize that there are other factors outside of an economic situation that plays a role? I pick the latter. Right now I can't access the study from home but I can in my work computer so I will have to read it there. But the reality is that there are many factors that lead to suicides besides the min. wage. You can't make a strong connection. Some other factors are that most min. wage workers are short term and get raises within a year to begin with.
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@vikrantpulipati1451 , to a degree you can. In statistics you learn there are other factors at play and you should never make a strong conclusion based on one variable.
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@Ragnarok3435-x5w "Our study is not without limitations. We focus on suicides and drug- related deaths, as these causes are likely to be more responsive to short-term changes in the economic environment. Other causes of death, such as from alcoholic liver disease, may take much longer to develop. This focus on short-term outcomes is admittedly narrow. Examining longer-term effects of the wage structure on health outcomes remains a high priority for future research. Second, our data do not allow us to examine on a granular level the behaviors and mechanisms that generate our estimated effects. We need more data on mental health outcomes and health behaviors to gain a fuller understanding of how income affects mental health and well-being. " From the study itself. But I understand, reading is a challenge for the far left.
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@prettyevil6662000 , some studies showed that those who are religious are less likely to commit suicide and the conservative party does tend to attract religious people.
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Correlation does not equal causation.
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The percent of workers working more than one job has been dropping.
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