Comments by "whyamimrpink78" (@whyamimrpink78) on "Giant $15 Minimum Wage Protest Ignored By Corporate Media" video.

  1. "Which means factory job wages will also go up." So everything goes up, you haven't solved anything.
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  2. Working at fast food requires no skill, that is why they are paid so low. Fast food restaurants have a small profit margins, which is why workers are paid so low. The economic illiteracy of the political left is outstanding. Why not have a $100/hr min. wage? Why not have a min. salary of $100,000 a year?
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  3. It is true, though, Kyle does not understand economics. They are not paid a high wage because they do not produce that much. If you raise their wage by an artificial amount they will lose their jobs. That is why the left says "living wage" as opposed to "market rate". They have to appeal to emotions instead of facts.
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  4. "obvious idiot troll is obvious idiot troll" So the hundred of economists who oppose raising the min. wage are trolls?
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  5. It is dumb. If these people actually spent time developing skills they can earn more. But it is much easier to bitch and complain then work.
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  6. Aaron Loyd, and it will cause prices to go up, so what have you solved?
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  7. "WOW you're a special kind of stupid." Wow, that really debunked my argument
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  8. " a 3% rise in prices is literally nothing" You are increasing the wage by over 100%. It will be more than a 3% raise. Also, if businesses could raise prices 3% and not lose customers, why don't these greedy business owners do it already and earn that much more in profits?
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  9. I saw it. It gave a more valid point than Kyle does.
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  10. "Your comment proves you can't even comprehend your own argument. A $15/hr wage is suitable for the value produced by minimum wage workers. Are you saying the people who make our society so convenient, shouldn't be paid the minimum needed to live an average life? " Define "average life". How do you factor that? Also, do they make society convenient? If they are paid more prices will go up. That means it will be more convenient for me to avoid those businesses. For example, why eat out when it cost so much when I can cook at home? "If you are talking about raw production then explain to me what a doctor produces. " It is more than just that. Look at rarity of skill. How many can be a doctor? How many people are able to work at a fast food restaurant. Supply and demand. They are paid a low wage for a reason.
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  11. Praxis, read Paul Krugman's introductory econ book, he talks about the flaws of the min. wage.
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  12. http://haynes.jpschools.org/wp-content/uploads/sites/119/2013/07/Krugmans-Economics-for-AP-Text-Book.pdf Read around page 80 on price floor.
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  13. "I was under the impression, that people get jobs, so that they could get money to live. " They get jobs to get money and expand their resume. Saying "to live" is vague as it can be for extra income. I work a part time, second job for extra income for fun. I don't need it. Someone who lives in a household that earns $50,000 a year already me work a low wage, part time job for extra money such as teens or a spouse after the kids left. It can be for busy work or to build a resume. Saying "to live" involves other factors such as spouses, roommates, cost of living, etc. "Also, yes if the minimum wage goes up, poor conditions get better, because they can afford better livestyles." Not true as they get priced out of the job market. They are low skilled and and expendable. Companies with larger staying power can cut back. For example, a franchise owners of 12 McDonalds can scale down to 10. Or a business that is open 24 hours can scale down to be open from 6 AM to 11 PM which are peak hours. Also, there is something called "labor to labor" substitution. Increasing the min. wage means people not pushing for jobs, such as people with spouses who earn a lot, can decide to re-enter the workforce as there is a greater incentive to work. Someone with a college degree, married to a spouse who earns say $60,000 a year, and is doing well but has been out of the workforce to be a stay at home parent can decide to pick up a part time job since $15/hr is a nice wage for 10 to 15 hours of work a week. "The point is that if you work full-time on any job, you should at least be able to support yourself." Most min. wage workers do not work full time. One reason why they are paid so low is due to lack of commitment to the company and the fact they are most likely short term. They are paid a low wage, but they have limited hours and flexible scheduling. There is an advantage there.
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  14. "Robots and AI combinations will eventually take over 90% of all jobs worldwide, " Not in your lifetime.
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  15. "Fight for $15 not only CEO's deserve to live" You go from one extreme to another. Looking at CEO pay and the min. wage is looking at the extreme. It is more complicated than that.
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  16. "And really remove the minimum wage, and you think the poor will be in better shape????," There will be more jobs, arguably.
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  17. "Brad there are not enough living wage jobs to cover all or even most of the working poor. Get a skill and get a job is rather worthless advice for most working poor." There are plenty of jobs, people just need to develop skills. And they should get a skill to progress society. If everyone just decided to work low skilled jobs then there will be no progress in this country.
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  18. "There is a ginormous problem with that, what we will see is an influx of the "low skill jobs", the jobs created will be useless." If the jobs are "useless" they will either one, not exist, or two, our economy is strong we can just give people useless jobs. " That will also damage the labour market, jobs will be devalued." No they won't. We will see more wealth being created and thus everyone will benefit. If we had more doctors healthcare will be cheaper.
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  19. "That's a really bad argument, no society functions off waiting until an issue is a problem," We address it gradually. The market will gradually change. If you raise the min. wage automation will occur faster leaving many workers out of work. Allow it to happen gradually then people will gradually pursue other careers. An clear example is the coal industry. Killing it leads many people in their 40s without a job. Many say "train them" when you simply can't do that. You have to allow it to happen gradually.
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  20. "I also said, if you work full-time, you should be able to support yourself, I don't think the same should apply to part-timers." Almost every min. wage worker does not work full time. Almost 90% of those who earn $9.50/hr or less are not poor.
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  21. Jeff Bezos earns around $80,000 a year.
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  22. Jumanji089, it is relevant. He is worth that much due to the stocks of Amazon he owns. If Amazon were to go completely Enron on us he will not be doing well.
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  23. " but they will eventually when more progressives get into power " You guys are doing too well right now.
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  24. Tracy Johnson, Praxis is a troll. I usually never say that but he has called the US healthcare system "3rd world". It has problems, but it is far from 3rd world. I also made the simple fact that many economists disagree on the min. wage where some do not support raising it. He asked me for names. I just linked him an econ textbook by Paul Krugman where he talks about the flaws of it. I know he is going to give an asinine remark. I suggest ignoring him.
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