Comments by "" (@jmitterii2) on "" video.

  1. Osca, only if we have co-determination and absolute collective bargaining arrangements as Germany, have a quasi governmental union board that often establishes min pay based on various trades and occupations which also consist of every public and private corporation having various control level votes of labor on the board of every company. 2,000 employees. For companies with 500–2,000 employees, one third of the supervisory board must be elected, and for smaller shops and businesses have labor councils which act as their union among many smaller businesses like coffee shops, bars, cafe's etc. Their pay and compensation such as vacation days (30 days a year) and separate pool of paid sick days usually up to 2 to 3 weeks depending on the severity of the health issue, and the government often picks up on the paid sick time. Then sure. Who needs the gimmick of market tickling min wage, when you have a functioning smart economy? Because Germany doesn't. It has much better economic policies.
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  2. +lieutenantbears I think it's become a big problem now for a few factors 1) it hasn't actually kept up with inflation, it hasn't be raised for a quite some time. 2) Wages have been depressed by lower skilled jobs leaving to other countries generally toward developing nations, which as caused more people to go into poverty in the us in under employed wages. 3) To become competitive, QE was used to debase the currency to make our products cheaper to buy abroad. This also causes what lower nominal incomes to become even lower in real purchasing power. 4) Unionization often was a little easier before various trade agreements allowed companies to offshore production, as well as new laws that make it difficult to form and maintain a union, this lack of negotiation power that actually could effectively properly get the highest wage possible according to that particular company's profit margin and revenue without hurting the company has now made most of the income go toward the higher executives and shareholder classes of society, and smaller portion of the productivity gains that have continue to increase not keep up with inflation-- the debasement of the currency, essentially 99% of all new income goes to the top 1%, and the other 1% of new income gets split between 99% of the population. Basically, income inequality without negation power and competition from overseas mostly developing countries have caused the minimum wage or wages near the min wage to become a huge factor in more and more people, and this trend is worsening, not getting better. That's why min wage has become a big issue. People are working more for less essentially. And they've lost targeted per particular business and their particular profitability situation negotiation power of union, and are now seeking the last resort to bargaining for better wages that are in both nominal and real terms falling for many people, even the median income earners aren't doing well in real terms, and for a while even nominal terms there was a big drop.
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