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Who Does a $15 Minimum Wage Help?

Who Does a $15 Minimum Wage Help?


Would an across the country $15 base pay assistance or pain American employees? Andy Puzder, previous Chief Executive Officer of the moms and dad business of Hardee’s and also Carl’s Jr., clarifies. Donate today to Prager U! http://l.prageru.com/2ylo1Yt. Have you taken the promise for institution option? Click below! https://www.schoolchoicenow.com. JoiningPrager U is totally free! Sign up currently to obtain all our video clips as quickly as they’re launched. http://prageru.com/signup. DownloadPragerpedia on your apple iphone or Android! Thousands of resources and also truths within your reaches. apple iphone: http://l.prageru.com/2dlsnbG. Android: http://l.prageru.com/2dlsS5e. JoinPrager United to obtain brand-new boodle every quarter, special very early accessibility to our video clips, and also a yearly To wnHall telephone call with Dennis Prager! http://l.prageru.com/2c9n6ys. JoinPrager U’s message listing to have these video clips, totally free goods free gifts and also damaging news sent out straight to your phone! https://optin.mobiniti.com/prageru. Do you go shopping on Amazon? Click https://smile.amazon.com and also a percent of every Amazon acquisition will certainly be contributed to Prager U. Same wonderful items. Same affordable price. Shopping made purposeful. CHECK OUT Prager U! https://www.prageru.com. FOLLOW us! Facebook: https://www.facebook.com/prageru. Twitter: https://twitter.com/prageru. Instagram: https://instagram.com/prageru/. Prager U gets on Snapchat! SIGN UP WITH Prager COMPEL! ForStudents: http://l.prageru.com/29 SgPaX. JOIN our Educators Network! http://l.prageru.com/2c8vsff. Script:. Progressive political leaders like to discuss elevating the base pay. It makes them audio caring, thoughtful, worried. They get on the side of the employee, standing versus the hoggish company. The present telephone call is for a nationwide $15- an-hour base pay– greater than double the present government price of $7.25 A variety of cities and also states are currently there– consisting of New York, California, Washington D.C. and alsoSeattle Others are considering it. The left casts the base pay discussion as a battle in between staff member and also company. But most local business owner pay their employees as long as they can. Finding and also maintaining great individuals is the hardest component of any kind of company’s work. I recognize. For 17 years, I ran CKE dining establishments, the moms and dad business for Carl’sJr and alsoHardees Our business and also franchised dining establishments used over 75,000 individuals, however, similar to the majority of retail services, our earnings margins were razor slim. Based on my experience, if we take on a nationwide base pay of $15, below’s what will certainly occur:. 1. A great deal of individuals will certainly shed their tasks or have their hrs decreased. According to a 2014 Congressional Budget Office research, simply a $10 base pay would certainly set you back half a million tasks as services end workers. Obviously, much more tasks would certainly be shed at $15 a hr. To endure, companies would certainly need to decrease hrs also for employees that handle to maintain their tasks. That’s a pay cut. 2. Businesses will certainly close, and also the tasks they developed will certainly vanish. A current record from scientists at the Harvard Business School located that each $1 boost in the base pay lead to a 4-10% boost in the chance of dining establishments shutting. An over $7 a hr boost, to $15, would certainly be ruining not just for dining establishments, however, for small companies and also their workers. 3. Young individuals will certainly shed that entry-level work chance. My very first work was scooping gelato at a Baskin-Robbins in Cleveland, Ohio in the 1960 s. I was paid simply $1 a hr. But it educated me beneficial lessons– like the value of appearing in a timely manner, team effort, and also offering a delighted behavior to clients. No one can obtain that far better work up until they have their very first work. 4. The price of all employees will certainly need to go up. If you work with a dishwashing machine at $15 a hr, your chefs will certainly be dissatisfied with their earnings. You’re mosting likely to need to pay everyone much more, which raises labor prices throughout the board. That’s even more stress on revenues. Too much stress and also you run out service. 5. Fewer individuals will certainly open up services. $15 a hr is an extremely high hillside to climb up. Would- be business owners will certainly do the mathematics on labor prices and also understand it’s simply unworthy the threat. This is a genuine price to the economic climate that we can not gauge. A firm that never ever exists never ever utilizes anybody. 6. Prices for every little thing will certainly increase as services pass greater labor prices along to customers. One of 2 points will certainly occur: Either customers will not pay the greater rates and also services will certainly dismiss employees or close, or customers will certainly pay greater rates and also have much less cash to invest somewhere else. Either means, the greater base pay will certainly stand for a drag out the general economic climate. For the total manuscript, browse through https://www.prageru.com/videos/who-does-15- minimum-wage-help.
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40 COMMENTS

Zz Zx - posted on September 19, 2019 5:41 am

That's why nobody can find a FUKING job in Calif. Or start a business. 15$..?? Just raise it to 25$ WTF .HOW ABOUT 30$..? GOD FUKING DAM

Ultron-5 - posted on September 19, 2019 12:27 pm

Why can’t people understand that a $15 minimum wage will only cause businesses to bump up their prices on their products as has already happened in the states and cities where this is implemented. The cost of rent will rise, food prices will rise, and the cost of living in general will rise until it makes absolutely no difference that you’re getting paid $15 instead of $7.25.

J T - posted on September 19, 2019 10:37 pm

Leftist after watching this video: naw bro the workers get paid more and the business eats the cost without passing down to consumers. Employees get paid more but nothing else changes, it’s gonna be a dream

kai89tracid - posted on September 20, 2019 3:51 am

Leave to cheaper state

Hornbeam274 - posted on September 20, 2019 10:21 pm

Liberals never think things through…

좋은joan - posted on September 22, 2019 12:42 am

고맙습니다

Derek Finch - posted on September 22, 2019 9:36 pm

The thing is what's interesting about his causes for raising alright it means the top earners also get a massive price as well more so than the people at the lowering meaning that any Rise they would have had is now taken up by price Rises in the shops the pay the bigger profits other corporations it is not about it is about paying your employer what you can afford to pay him

Nick Newey - posted on September 22, 2019 10:53 pm

All of the points raised in this video are so relevant and I've said most of them myself. Pay should be a mutual agreement between employer and employee. Government interference will cause massive problems!!!

Boss Dog - posted on September 23, 2019 2:56 am

Wage increases hurt everyone.

The first thing that happens is inflation rises to meet the new surplus of money in the economy.(demand). The people at the bottom are actually worse off as the new 'set' point for poverty is now higher. Those who are on welfare don't get any raises so they are struggling even more. The whole economy shudders and people are flung out of the job stream to join the others on welfare.
People NEED stability. Stability gives confidence to everybody and forward planning can be made. When people are likely to lose their jobs everyone has to pull their budget's tighter so LESS money is in circulation therefore causing businesses to contract more, which leads to another round of job shedding until stabilisation is reached again.

Thecatnipproject - posted on September 23, 2019 4:18 am

im blessed maine isnt doing that

Like Minded App - posted on September 23, 2019 3:33 pm

If you want to hear a practical explanation of how to implement minimum wage checkout the congressional candidates take on my channel

max2082 - posted on September 23, 2019 8:01 pm

When I was fifteen I was paid the minimum wage of five dollars and twenty-five cents an hour, and this was in 1997. At fifteen working ten to fifteen hours a week that was more then enough money. I just spent or more so wasted it on video games and going to the movies. It is crazy to me that a fifteen year old today will be paid over ten dollars an hour. Most of these kids are still in school and are working so they have some work experience. We are paying people like that entry level shop or restaurant job is the only job they will ever have. I'm sure most people will either be promoted or change jobs or train to have more skill in different business fields. This can't be repeated enough, high wage will cause people to become complacent and reliant on their positions. What if one day the entry level job you depended on for years wasn't there anymore? What if that's the only thing you have skills and experience in? What would you do?

Jason Harris - posted on September 23, 2019 9:48 pm

Income tax rate: 10%.
Wages: $10/hr. x 40 hours = $400
Taxes $40. Take home: $360.
Tax income per 1 Million people: $40 Million.

Wages: $15/hr. x 40 hours = $600
Taxes: $60. Take home: $540.
Tax income per 1 Million people: $60 Million.
The state/IRS will get 50% increase in tax revenue. You will get 40-45% increase even though your wages increased 50%….. They win, overall.

You Are Not Ready - posted on September 24, 2019 2:12 am

The problem isn't minimum wage or the hourly rate from which employers are willing to pay that are keeping the poor people poor but it's the mentality. There is a difference between being poor and being broke.

Being broke is a situation but being poor is a mentality. This is why if poor people come across a lot of money they splurge and end up poor again shortly down the road because they don't have the mentality to keep and grow the wealth. No amount of money can make a poor person rich. Only through education can one be lifted out of poverty.

Matthew Pope - posted on September 24, 2019 11:34 pm

Unfortunately, you get the giant billion pound (dollar) corporations that use the minimum wage, to reduce labour costs and satisfy investors. I personally think introducing a minimum wage in the first place was a bad idea. But, unfortunately it's an irreversible idea. Over time, minimum wage has lowered wages. From a business perspective, why pay someone more than what you have to? And if they won't do the work for that price, an immigrant who's just here (UK/US) to make money would do it. There's no solution to this problem. An increase of minimum wage would kill off small business, and increase the prices of EVERYTHING. But you've got people earning peanuts for doing a job worth a lot more ?

The Healer - posted on September 25, 2019 2:02 pm

This is the Democrat Party pandering for votes at the expense of the economy. Then, the Dems will blaim the Republicans for their own actions in destroying the economy. You can't trust politicians. But, you at least have a chance at freedom dealing the Republicans instead of Democrats!

Tom Thumb - posted on September 26, 2019 11:17 pm

Hear that? That's the sound of unemployed progressives heads exploding as they say, "Dude! For real?!?" ?

Marcus Mitchell - posted on September 27, 2019 12:15 am

My Goodness! Absolutely Devoid of Economics! A child can give you monopoly money in pretend! They are either not intelligent or trying to get votes in a way that takes advantage of the ignorance of voters! Either way, It's not worthy of receiving your vote at all!

Pmtd1234 - posted on September 27, 2019 9:08 pm

A family member works at corporate for a national chain which had 5 stores in an area that increased the minimum wage. They shut down 2 stores because the margins were too low.

Top Rank AUDIOBOOKS PLUS - posted on September 28, 2019 3:57 am

Fun fact: The people who disliked this video probably were not paid $15 an hour at their job.

Paul Morgan - posted on September 28, 2019 10:19 pm

The minimum wage in australia & new zealand is well over $15 an hour & our enonomy is booming!

Johnny Rocketz - posted on September 30, 2019 12:26 am

If the food doesn’t look like dog food, then then can get that sweet 15USD an hour

Sage Macone - posted on September 30, 2019 11:36 am

I can imagine getting less hours.. so it’s basically the same pay as before

Cezar Garcia - posted on September 30, 2019 12:41 pm

Don;t you get it? the left destroys. They never create anything good. They want chaos. They push for $15/hr to push businesses out of their business, which would generate joblessness, prices increase, low taxes, chaos in short that which woudl help their agenda of destruction.

Capt. Badger - posted on September 30, 2019 12:49 pm

If you focus on bringing a business owner down you’re gonna bring down all of those that work under them

fire5479 - posted on September 30, 2019 4:56 pm

When you raise minimum wage to $15 per hour. Employers have to match SS and medicare. Higher insurance well everything goes up and passed on to the consumer. So goes taxes and SS. you will have more money but won't be able to pay for a $20 hamburger.

Mikiness Analog - posted on September 30, 2019 11:43 pm

Minimum wage should be zero. If you want more wages, make yourself more valuable to your employer. If everything works correctly, there will be a line of people to do your task for the same wages.

MrGruffteddybear - posted on October 1, 2019 3:47 pm

Raising the minimum wage doesn't help anyone. Businesses raise prices to match the increase so those that were at poverty wage are still at poverty wage. Making the minimum 15.00 makes it the poverty wage, not a decent wage as it was before. It hurts those that were making 15.00 because most companies won't raise their wages to match the increase so they are now back at minimum and their purchasing power is decreased.

Wayne Jshynz Hinds - posted on October 1, 2019 9:13 pm

Has PragerU done a piece on CEO salaries ??

donald Barnes - posted on October 2, 2019 7:32 pm

We need to have a maximum wage as well as a minimum wage.

555ikog555 - posted on October 4, 2019 2:24 pm

Employee vs Employer. Right there is a form of Marxism. Who cares is the employers look after their employees and pay them well? They are all evil apparently according to the left

Fay - posted on October 5, 2019 7:17 am

So its the same concept as "printing more money does not give you more money"

H R - posted on October 5, 2019 11:46 am

Leftists stealing someone elses thunder when many of them haven't created a job on their lives! They love the poor so much, they multiply them by the millions!

Dorian Keller - posted on October 5, 2019 3:10 pm

This simply isn’t true you didn’t even examine the statistics in california and seattle. In both of those studies on the effects minimal to no job loss was reported and it benefited the community. PLEASE don’t just listen to this video and take it for facts do your own research thank you.

Cal Commercial Insurance - posted on October 7, 2019 12:14 am

The $15 minimum-wage will help whatever company supplies ink and paper to the mint that prints money, because prices will be inflated requiring more money to be printed, requiring more ink and paper to be sold. So this should be good for the economy.

Gene - posted on October 7, 2019 12:36 am

entry level jobs will go to college grads, why get a booger picker who's 17 when you can get a tradesman or skilled college grad that don't that much in their field

Atomicmonkey - posted on October 7, 2019 9:18 pm

minimum wage is a regulation on workers. it's a price floor. imagine if we created a $15 price floor for meals at restaurants. all it would do is force fast food restaurants out of business.

James Lee - posted on October 8, 2019 2:37 am

This kind of thing is happening in south korea. Seriously because of this, my countrys economy is about to fall

James Madison - posted on October 8, 2019 4:18 pm

A $15 hr / $30K yr min wage helps everyone. Walmart Target Home Depot Sears employees will no longer use $3.4 Billion a year in Food Stamps MediCaid & Section8 housing. CA WA OR are already see a drop in usage of public services from the min wage increase.

Pizza Hut clears over $18 Billion a year to pay all their workers $15 hr they then clear $17.6 Billion a year

Pizza Hut pays AU$22 Hr/ US16.29 Hr min wage in Australia & New Zealand and still clears $4 Billion+ a year . McDonalds Dominos KFC Burger King Starbucks ALL pay the AU$22 Hr/ US16.29 min wage in Australia & New Zealand and ALL clear $8+ Billion annually.

McDonald's in Denmark pays US$19 Hr / €16.25 Hr .. or US$11 Hr / €9.41 Hr if your are 17 or younger

People who vote republican you could have looked up this info for yourself. Stop voting for the “wages are too high republicans”

Stop watching fox. Fox Polit Bureau tells you they cant afford it & you fox viewers believe it. You could have looked on the internet & in 5 minutes found out that fox always lie on behalf of the rich & corps. Stop voting for the “wages are too high republicans”

James Madison - posted on October 8, 2019 8:14 pm

To Pay $15 an hour Walmart only has to raise ALL prices by 1 cents

https://www.youtube.com/watch?v=vAcaeLmybCY&t=20s


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