Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "ANOTHER Survey Says Minimum Wage BACKFIRES, Hurts Workers" video.

  1. 4
  2. 4
  3. 2
  4. 2
  5. 1
  6. 1
  7. 1
  8. 1
  9. 1
  10. 1
  11.  @genobreaker1054  "you just described half of free market economics" - I like how free market people traveled back in time, started writing about eugenics, got into positions of power and passed minimum wage laws all for a smear job so they could accuse people who want higher min wages of being complicit with eugenics. "Minimum wage INCREASED the wages of the earners" - I mean, anyone who was earning more did not get a raise or was raised very little, the people who were already bang on the limit was obviously paid the same... but jobs where wages were lower were simply eliminated. "Does that mean factory owners hired fewer people to work? Almost certainly, as more expensive labor and safety practices would cut into a businesses profits and ability to survive and grow." - that's just missing the forest for the trees. I'm not making the point of boohoo much economy muh GDP muh layoffs that you're gonna expect in a pure economics argument. The point is that anyone who had an "important" job was retained because the business required it, but people doing more menial tasks for little money were simply prohibited from working. Who do you think was affected by this, the skilled machinists or less capable people? "minimum wage was a pay INCREASE" - Was it? Because if people were getting paid in average a dollar and min wage stipulated 2 dollars (just simple numbers as an example) that would seriously harm the economy as only huge factory owners would make enough profits to pay their workers. You just doubled personnel cost, I'd assume the min wage was just stipulated to be just enough to maintain most jobs. I'm gonna need actual numbers for this conversation to happen because you're making it seem like it was money falling from the sky. "Does it mean people lost jobs at the lowest levels? Yes. What did they do? What people always do, adapt." - my dude we're literally talking about people who couldn't adapt. They were eugenicists. They literally wanted to cull "undesirables". I'm gonna say it, they meant disabled people and low IQ people. "I bring this up because people did have options if they lost their jobs" - if you literally couldn't dig a ditch because you had a disability that wasn't really an option. "And there is plenty of historical documentation that unions arose as mobs of disgruntled workers banded together to shut down their bosses and demand better conditions and pay" - yes, through collective bargaining. Which is an effective tool because it balanced supply and demand. Because unions were perfectly aware of what a minimum wage would mean. As unions became more powerful they started lobbying for similar measures to kick out the bottom steps of the ladder and use wages or licensing to prohibit non-union members from stealing their jobs. This lead to temporary prosperity but it was a huge incentive for automation or manufacturing overseas to escape the regulations unions lobbied for - and eventually unions lost their power because workers no longer had collective bargaining as leverage against businesses that no longer needed to hire them. They were aware of the dangers of minimum wage in the beginning, then thought they could harness regulation for their own benefit and it killed them in the end. Poetic.
    1
  12. 1
  13. 1