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Comments by "whyamimrpink78" (@whyamimrpink78) on "Biden Runs Circles Around Trump On The Minimum Wage" video.

$0 and hour, that is the actual min. wage.
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Both are true. The only way Trump loses is if people are simply sick of the drama. But no one likes Biden. He is a career, corrupt politicians that, for 47 years, accomplished nothing.
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Washington also has low taxes and major headquarters like Amazon, Boeing, Starbucks, etc. The low taxes attracted them.
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It is too high. Many can't get hired because of the min. wage. Setting a price floor creates problems in the economy, such as short comings.
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@Roguefem76 if you do that those "billionaires" would find a way to move that money so it is not taxed. For example, Jeff Bezos gets $80,000 a year. Most of his wealth is tied in his shares which are hard to liquidate. So Bezos does not earn a billion dollars. Almost no one does.
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@gofoucaultspendulumyoursel3496 the percent of workers working more than one job has been dropping. And most min. wage workers are young. Many can afford a home and a family off of one income. In many cases, in our society, people are bad with money. Kyle and his fan base rail on how Around 78% of people live paycheck to paycheck. Well, according to a report from CNBC 78% of former NFL players go bankrupt. Why? Poor money management. As for automation, like any technology it allows people to focus on other jobs to progress us. We can create millions of jobs right now if we outlawed the tractor, but food production will drop. I have told people this. With AOC's GND she wants to ban flying where it was asked how will people get to Hawaii? I said easily, we have big boat where people in the bottom rowing it. Many jobs created, zero emissions. Sure, travel will be longer, and those rowers can be doing something better, but hey, no emissions and guaranteed jobs with no effort. Is that what you want?
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It will not lead to massive layoffs. How many earn the actual min. wage? Very few. Thus, any job loss gets lost in the statistical noise. You also have to consider other factors. In the 90s the min. wage was increased and unemployment overall (including those earning $20/hr, $30/hr, $40/hr, etc.) did not drop. However, prior to the increase unemployment was dropping to begin with along with the percent of those earning or below the min. wage was dropping as well. Thus, more people were being hired above the current min. wage. Thus, the economic "min. wage" was high to begin with, higher than what was set by the government.
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@BrigadoomNorth a UBI will cause inflation. For example, my rent is $900 a month. Not everyone can afford that. If you give people an extra $1000 a month now more can afford rent at the complex I live. So guess what? They will raise rent to counter as demand is now higher.
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Like essentially all domestic issue it should be left up to the states.
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They are correct. People make the incorrect argument of looking at overall employment and the min. wage. You can raise the min. wage to $9/hr now and millions will be fine. But when you factor in for those with the lowest skills their unemployment will increase. Overall unemployment may not as those low skilled workers make up a small portion of the economy, so it gets lost in the noise. As for them not making a large portion of the economy. Christina Romer said that if we were to go to a $9.50/hr min. wage, and assume no layoffs, no changes in hours, all the money is distributed accordingly to the workers, and they were to all spend that money, it will grow the economy, at best, $20 billion dollars. That may sound high, but our economy is over $20 trillion. So in reality it is small.
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Why?
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@TheOrene why? Why $20/hr? Why not $1000 an hour? We will all be rich!
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@Black Star almost all min. wage workers are part time and not the primary earners of their household. Many have financial issues due to poor financial choices. Far leftists like Kyle and his fans say 78% live paycheck to paycheck. However, 78% of former NFL athletes go bankrupt. Why? Many in the US have poor money management skills.
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@Tyr_Magnus make sense of it? Simple economics. Prices goes up less people will be able to afford it. Same with labor and employment. Also, employers are not dumb. They will find a way to adjust. The min. wage is a great example of the idiocy of the left vs very intelligent people. They feel that just by raising the min. wage businesses will just pay and no other variables will take place. It isn't that easy. Businesses will make adjustments and the min wage is how much is paid per hour, not per week. Like everything, this is a complex issue. I know far leftists try to grossly oversimplify things, but they are complex. There are reasons why experts do a lot of research on these issues and take time to write books on them. In fact, one I am reading now is called "Switch" by Chip and Dan Heath. At one point, on page 31, they talked about how when people point to France's healthcare system and to have the US mimic it, many in the US will say no because we will say the people in France are not like us. This book is over 200 pages long. Now while not attached to the min. wage, it goes to show how complex many issues are and that going the over simplified route is not always the best option.
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@Roguefem76 nice counter argument. That is why your side always loses.
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@Tyr_Magnus it is true, though. I guess with me studying for my MBA and how many businesses will go so far and not buy something because it is too expensive, including labor, puts me in a different position compared to those that ignore reality.
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@scoobertmcruppert2915 never said I was a tenured professor. But my university is accredited and is considered one of the best.
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@Roguefem76 Translation "When someone much smarter than me challenges me, I run away". That's you
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@scoobertmcruppert2915 why should they not be accredited? Because they disagree with you?
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@pete_lind people who can't justify earning a higher wage should be non viable. Reality FDR turned a recession into a depression.
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@slyshole4239 because min. wage increases have been small and thus, any changes, get lost in the statistical noise. For example, Christina Romer did an analysis an found this "A recent analysis found that 13 million workers earn less than $9 an hour. If they were all working full time at the current minimum — and a majority are not — the income increase from the higher minimum wage would be only about $50 billion. Even assuming that all of that higher income was redistributed from the wealthiest families, the difference in spending behavior between low-income and high-income consumers is likely to translate into only about an additional $10 billion to $20 billion in consumer purchases. That’s not much in a $15 trillion economy." Or consider how in the 90s when the min. wage was increased at the time unemployment and the percentage of those earning at, or below the min. wage was already dropping. Thus the min. wage increasing was pointless. But raising it from $7.25/hr to $15/hr will lead to significant changes that are not good.
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@slyshole4239 define "gradual". The min. wage has never been more than doubled in an 8 year span in the history of this nation, which is what Biden will be doing. Also, those states with higher min. wages have higher cost of living to begin with. As Trump said, the min. wage in AL is different than in other states.
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@slyshole4239 I can agree with that.
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What is it?
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@maximilian3394 how are they sick of Trump? They may be sick of the drama, which I agree. Not just of Trump's tweet, but how the democrats are acting like babies. And thus, to me, if people vote for Biden it is the equivalent of "giving the crying baby their rattle". If it leads to people going back to normal life and no longer fear mongering over COVID. Or no more Russiagate, or calling SC Justice nominees rapist or white supremacists, than so be it. Most people want to mind their own business and fuck. And if democrats, when they lose because of their poor policies to a man like Trump, than let us just give the crying baby their rattle and go back to working, living life and fucking. You leftists have done nothing but cry during Trump's years. You want your rattle than have it. Just let us to back to bars and night clubs
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Griffiith he accomplished a lot. Higher wages, lower unemployment, more jobs. It took a virus and democrat governors shutting down their states to ruin the economy. And as more states open up the economy is quickly growing. And more people are blowing off this virus. That is why now the talking point is "corona fatigue" as people are no longer buying the BS. Black unemployment was dropping. And what increasing incarceration rate? And what racism from the president? How is Trump a racist?
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@maximilian3394 the virus is under control. Noticed how now they are only talking about cases and not hospitalizations and deaths? Because people getting sick are not dying nor need to be hospitalized. But hey, change the standards when necessary.
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@maximilian3394 94% who have died had underlying conditions, meaning they were at high risk of death to begin with. 40% of deaths were in nursing homes where 50% of new nursing home patients die within 5 months according to UCSF.
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@killerbee2562 except, in one semester, will have 2 graduate degrees, a certificate, multiple rewards in my activities I do, etc. Most likely more than you
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@Wintermute-- for the most part I am giving it up. If Trump wins here I am just going to laugh in their face and move on at this point.
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@ugeofaltron5003 can you prove that I lied?
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@maximilian3394 94% who died had underlying conditions and were at high risk of death to begin with. I just went to the gas station to get some booze. Guess what I saw? A bunch of college kids not social gathering, partying and not wearing masks. Amazing. Guess what. No one cares about this virus anymore.
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@maximilian3394 they are deaths with the virus, as in they are at high risk of dying to begin with. So while substance abuse is up, domestic abuse is up, suicides are up, etc. we are destroying our economy to save grandma for 3 more months where someone in their 20s kills themselves when they could have lives, potentially, over 50 years.
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@maximilian3394 ok, an 80 year old with cancer dies in a car accident. Is that a cancer death or a car accident death?
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@maximilian3394 so you want people to be immortal. I guess death is a novel thing to you. I attended a funeral of a 5 year old girl who died in a car accident. By your standard we should ban driving. Do you supporting people driving? If so, why do you support death?
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@maximilian3394 40,000 people die a year in traffic accidents. You know what will make that number to be zero? Limiting speed limits to 10 mph. So I guess you support that.
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@maximilian3394 it you limit speed limits to 10 MPH productivity will drop a lot causing a lot more problems. Goods will be delivered later. Think of all the healthcare goods that will be delivered at later time? Think of how the economy, overall, will suffer due to delayed deliveries. And that just scratches the surfaces. You clearly put zero thought into this.
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@ugeofaltron5003 last night I saw many college students partying. Fewer people are taking this virus seriously. That is why case are going up, people are ignoring the fear mongering media.
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@camronyearout1158 it is not a stupid comparison. When you drive you put others at risk as well. You say "when you decide to drive you make a conscience decision to accept that risk" But again, you put others at risk. Now you can stay at home, but then how will you get money? How will you get groceries? Same with the virus. You can stay home and be free from risk of the virus, but is that living life? "Not only is this a stupid comparison, and one I'd expect from a fourteen year old. " Funny how economists make the same comparison. "Assuming that you are suggesting we just weather the risks of the virus without any precautions. It's laughable that you'd use a comparison to a situation wherein we've done the exact opposite." Not saying we should not take precautions. We should always take precautions. We should have always protected our vulnerable. But what we are doing now is going too far. Keeping the economy in lock down is now leading to worse outcomes. Suicide rates are up, substance abuse is up, domestic abuse and divorces are up, etc. So we are at a point of what is worse? The virus or the current economic lock downs? That is something Trump is bringing up. So back to the comparison, 40,000 die a year in traffic accidents. We can make that to be zero by capping speed limits to 15 mph, but our economy will suffer. Just like we can make the virus death to be essentially zero by forcing everyone to stay home, but our economy will suffer. "Once again, comparing car accidents with viral infection is stupid" How so? I have yet to see how? "A better comparison would be the people taking precautions are akin to drivers who wear their seatbelt, drive the speed limit and pay attention. People who don't care or think we should do nothing about Covid are the people going 20 over not wearing their seatbelt, all the while fiddling with the radio. Even so the person speeding is clearly in the wrong in this scenario." So why not have a cop every half mile to stop those speeding? Why not do stops at every block or every exit to see who are following the laws and who aren't? It will be similar to a DUI checkpoint. What I brought up there is another example of going too far. But it will lead to zero deaths. If, at every block we had cops checking to see if people are following the law, or at every exit on the freeway deaths will be down to zero. So why don't we do it? Why stop at seat belt laws and speed limit laws? Why not go farther? Same with the virus. One can easily argue now that these lock downs are going too far. Think of all the small businesses who are struggling. Think of all the people who can't get a job or kids not getting an education. I teach at a university and almost all of my students are saying they are gaining nothing with virtual learning where over 90% of classes are taught that way. And for what? To protect ourselves from a virus that basically all have an over 99% chance of surviving from. But if you think my comparison is stupid as you can see I can use yours.
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@camronyearout1158 you comparison is actually the exact same as mine. In driving you feel that our current precautions are as far as we should go and we should not ad more. With the virus I feel we are taking too many precautions and need to ease off. That is the crux of the argument.
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@ugeofaltron5003 based on what? Do masks even work?
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@maximilian3394 define it being over? Look at how many times the left have too move the goal posts to keep justifying the lock downs? First it was all about deaths, pictures of mass graves and temporary morgues. When they dropped it went to we cannot open up too soon or it will get worse. We opened up. Cases went up but deaths did not so the talk was only about cases, not deaths. Then cases dropped but people said we got it wrong, people like Fauci. Now it is about cases again. The whole point was to prevent the healthcare system from being overran and alleviate deaths, we have done both. People are going to die with this virus unless we just lock everyone up. Just like we can make traffic accident death be zero if we max speed limits to 15 mph, or do traffic stops similar to DUI checkpoints at every block. But doing so will destroy the economy leading to higher unemployment, higher rates of depression, higher rates of suicides and substance abuse, etc. Same is with this virus. The current restrictions are causing more problems than the virus is. We have ways to take on this virus while opening up the economy. But you saying we can later focus on the economy, many small businesses are never coming back. Many people became divorce. Many are now addicted to drugs and alcohol. I am actually a prime example. Genetically, I am of risk of alcoholism. When the shutdown occurred I had to stay home so I drank, a lot and it got worse. I had to go to detox and even after that trying to break the addiction is draining and challenging to where I will spend an entire Saturday just sleeping as I am so emotionally and physically drained from working all week and fighting the urge. But hey, to you it is all worth it so a handful of people do not get the virus.
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@maximilian3394 deaths are overstated to begin with. And again, you say "saving lives", what is causing more harm to lives, the virus or the lock downs? Right now the lock downs are causing more damage. My pre cautions is to protect our vulnerable and open the economy. What happened in Sweden was they had a voluntary lock down. A lot of people over 40 participated, but younger people did not. People in their 20s mingled, gathered, and the virus spread. They built up herd immunity and have a low death rate. Other European nations did a strict lock down and as a result they saw a second spike that was larger than their first, Sweden did not. Even in the US, FL has been open compared to other states like NY, allowed gatherings, protected their elderly, and reached herd immunity with low deaths. And again, deaths are overstated to begin with. What we should have done from August is open up the campuses, let college kids gather in classrooms and football games, have it spread to where they become immune and we can be completely open now with low cases. Instead, we did not. Now we are seeing record cases in some places and the economy is still bad. Now we have two problems. So at this point we need to open up to solve the problem of the economy and protect our elderly alleviate deaths.
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@maximilian3394 protect them from what? The virus? Suicides? Substance abuse? Divorces? Depression? Again, all the latter are up due to the current lock down. And no, not everyone is vulnerable. I know many who had it with no symptoms. Other nations lock down massively and prevented herd immunity. Nations like the UK, Norway, Spain, France, Germany, etc. are seeing a second spike that is larger than their first one. Sweden did no lock down and they are not seeing a second spike. So when you say other developed nations did it better is arguably not true.
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@maximilian3394 how has the virus gotten worse? Deaths were over 2000 a day, now they are less than 1000 a day despite more cases. So how has it gotten worse? More cases but less deaths is what we are seeing. The recovery rate continues to grow. And how do you prevent depression, substance abuse, suicides, etc.? For me it is hard as I went from living my normal life to lock down to where I became bored and drank. Many did that. Also, they tested positive for the virus. You do know that many are showing no symptoms?
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@maximilian3394 how are they handling better if they are seeing second spike?
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@maximilian3394 people are dying in other developed nations as well. So what's your point? Going from over 2000 a day to less than 1000 a day is improving, not getting worse. Other developed nations either have more deaths per capita than us or are around the same number of deaths per capita than us. So they are not doing better. And again, the deaths are overstated. And deaths from suicides are increasing. Death from drug overdose is also increasing. Also, I am not the only one with an alcohol problem. That problem has increased. People work at those bars and night clubs but are unemployed. But you do not care about them just like you do not care about people who commit suicide.
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@maximilian3394 I don't want people to die either, but the reality is that it will always happen. So us, as a society, have to decide what is the best route. Again, many people are suffering from other issues such as suicides, substance abuse, domestic abuse, etc. That is arguably worse than the virus because, right now, we are seeing high cases but less deaths compared to March. Compare it to this, 40,000 die a year in traffic accidents. We can make that number to be zero if we limit speed limits to 15 MPH. Do you support that?
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@maximilian3394 "THATS THE FUCKING DIFFERENCE HERE 1 PERSON COULD DIE AND YOUR FINE WITH IT IM NOT! I DONT WANT 1I WANT ZERO!" Ok, so you take action and it leads to zero dying with COVID, but deaths from suicides and drug abuse goes up, is that a success? People still died, just in a different way.
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@maximilian3394 here, let me check your standards Capping speed limits to 15 MPH will lead to zero car accident deaths, would you support that?
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@maximilian3394 ok, so speed limits should be capped out at 15 MPH so we go from 40,000 dying a year in traffic accidents to zero?
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@maximilian3394 you are avoiding the issue now. 15 MPH will lead to zero traffic deaths. But, now you will have commute times being longer. That reduces productivity causing prices to go up. It will lead to parents spending less time with their kids. With longer commute times many businesses will see fewer customers. For example, most restaurants I eat at I need to drive to. I won't because commute times will take to long. Thus the economy goes under and people die for other reasons such as suicides, drug abuse, etc. Same we are seeing now The point being is there is no ideal policy or approach on these issues. Something has to give. So either 40,000 people die in traffic accidents, but millions are better off due to a better economy, or we save those 40,000 people, but many now suffer in other ways.
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@maximilian3394 you are looking for an ideal situation which you will never get.
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It has in several states where Trump wants the states to do it.
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ryne green who is trying to live off of that much? A study showed that those earning $9/hr or less had close to 90% of them not living in poverty. Why? Most were in households of second or their earners. Almost all earning the min. wage are working par time, temporary jobs. The min. wage is a classic example of how leftists do not understand how businesses and the economy works. Basically all low wage workers are part time and temporary, and thus not trying to earn a living off of it. A min. wage dictates how much one earns per hour, not per week. So when hours are cut nothing is gained. And the min. wage will not grow the economy.
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@horhay3608 ok, and? What is their household income? What are their cost of living? I make $23,000 a year. You may say that is bad, but I live in an area with low cost of living and I can manage my money well. When I was earning $10,000 a year I was living with my parents as an undergraduate. You can't just throw numbers out there and expect them to mean anything.
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@gofoucaultspendulumyoursel3496 long ramble, but start, what is a "low wage job" to you.
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@gofoucaultspendulumyoursel3496 if the majority of people cannot afford to pay rent for an apartment why isn't the homeless rate over 50%?
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Austin Martín Hernández inflation is tricky. What method? CPI, PCE, GDP deflator? Also, just because the price of something goes up does not mean it is more expensive. Take cars. The price of cars went up, but cars are safer, last longer and get better gas mileage, all of which save money. So that counters inflation. You say you mentioned facts when I can go deeper. Take, for example, a brick cell phone, when accounted for inflation cost over $2000, at least, in the late 80s. Now smart phones are literally given away. A smart phone that has more computing power than what put a man on the moon are given away. But based on your standard it should cost, at least, $2000. It isn't as easy as to scream "inflation", there is more to it than that.
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@ugeofaltron5003 so having definitions and standards is wrong? Asking about what method of inflation is correct as there are many forms of measuring it. There are also flaws as well as I pointed out. These issues are complex. That is why there are semester long courses students take in learning them and many experts continue to do research and write books on these topics. You stopped engaging with me because when I challenge you I push you out of your normal zone, as psychologists will say and you become uncomfortable and thus refuse to engage. Easier to stay on something you know as opposed to being challenged.
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@wolfstar675 most do work up.
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@Spencerwalker21 how much of that upward economic mobility is due to culture? Also, Denmark has not min. wage.
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@Spencerwalker21 ever heard of the book "Debunking Utopia"? I suggest you read it. Also, what do blacks have to do with anything?
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@tiger_lord305 spencer is bringing up race in a non race issue. You do not see that as a problem?
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@Spencerwalker21 I support private unions, like the ones in the US in the past that push to stop universal healthcare.
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@Spencerwalker21 I agree with private unions and I feel public unions should not exist. As for culture, there are many factors. Look up Hofstede Cultural Dimension. Different nations have different culture for various reasons. So you say that in Denmark people are able to move up more, that is more of their culture. As pointed out in the book "Debunking Utopia" many people who come from Nordic nations to the US have more success than US citizens.
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@ugeofaltron5003 do you even know what that book by Rutger Bregman is even about? He promotes open borders which will be a disaster all around as there are still many nations with high crime and it will leak into developed nations. He promotes a universal basic income which will not work as it will lead to inflation. He supports a 15 hour work week which will lead to low productivity and more inflation. And he studied history, not economics. You are also ignoring several other factors as well such as psychological ones and, again, culture. I read one case study in how engineers from Germany and from the US, when two companies merged from the two nations, could not get along and thus production was slow. Or one I read recently in the book "Switch" about the case of Jerry Sternin alleviating malnutrition with kinds in villages in Vietnam. To help it he looked at examples of other kids in the same village and had the mothers look and compare. However, he could not look at other villages because they would have had the attitude of "Those people aren't like us. Our situation is more complicated. Their ideas will not work here" Point being, you can't just expect different cultures to merge and just get along. Thus, that book by Bregman is essentially a dream. As for my book, it is written by Nima Sanandaji. He has written more books, has a PhD, and has been involve in actual policy decision. But how about you tell me what is wrong with his book? I broke down the flaws of the book you suggested.
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