Загрузка видео...

Не удалось загрузить видео

На главную

“Minimum wage isn’t the problem — PROFITS are.” “They say if minimum wage matched 1970s buying power, companies would go out of business. Back then? One job paid for a home, two cars, and a decent life. Here’s what they don’t say. In the 1970s, corporations ran on 5–7%...

57,564 просмотров • 7 месяцев назад •via X (Twitter)

Комментарии: 0

Нет доступных комментариев

Здесь появятся комментарии из оригинального поста

Похожие видео

MINIMUM WAGE = MAXIMUM POLITICS 🍕 This Brooklyn pizza shop owner just dropped the most based, no-BS breakdown you’ll see all year. Frank from Paesan’s Pizza was asked what he’d say to people demanding “livable wages” for teenagers working cashiers at Burger King and Hooters. His answer? “Well, they live in their mom’s basement. What livable wage?” Then he went nuclear: The market dictates wages — not politicians, not activists. These are entry-level jobs for kids still in school or living at home. They’re meant to teach work ethic, skills, and how to climb: dishwasher → counter → manager → owner. Force “livable wage” math on thin-margin businesses (10-15% profit) and you get exactly what happened to Hooters — closures, skyrocketing prices, and workers replaced by kiosks and AI. He even says he wishes minimum wage was $25–$30 an hour… because he’d just charge more for pizza and make more money. But the numbers don’t work. This is the entire game in one video. Politicians don’t care about giving teenagers their first shot or teaching them the value of a dollar. They care about sounding compassionate while buying votes. Every time they jack up the minimum wage, they price the bottom rung of the ladder out of existence. The free market isn’t cruel — it’s the only system that actually creates real opportunity and real wealth. Mandates just create unemployment, automation, and $10 coffees.

DocumentingLibs

629,663 просмотров • 1 месяц назад

The idea that career politicians are completely disconnected from the financial struggles of average Americans is a valid critique, but the standard talking point of simply raising the minimum wage fundamentally misses the mark. Forcing a higher minimum wage doesn’t solve the underlying economic crisis; it merely triggers an immediate inflation spiral where the cost of daily goods and services jumps to absorb the new labor costs, ultimately leaving working-class citizens in a worse position than where they started. ​The "minimum wage" debate is completely missing the point. Everyone is fighting over raising wages by a few bucks, but that’s like putting a band-aid on a broken leg. The real crisis isn’t just what people are getting paid—it’s the fact that the buying power of the U.S. dollar has been utterly destroyed, while the cost of basic goods and housing has gone into orbit. ​Let’s look at the actual math using the ultimate benchmark of financial stability: buying a home. ​In 1970, the federal minimum wage was $1.45 an hour, and the median home price was around $23,400. A single minimum-wage worker brought in about $3,016 a year, meaning an average house cost roughly 7.7x their annual salary. It wasn’t effortless, but with a dual income or some careful budgeting, owning a home on basic wages was mathematically possible. ​Today, standard inflation calculators will tell you that $1.45 in 1970 equals about $11.64. But look at the actual cost of assets. The median home price has exploded to roughly $420,000. ​If you want to walk into a bank today, factor in current interest rates, property taxes, homeowners insurance, and strict debt-to-income limits, you don't need $11 an hour to qualify. You don't even need $25 an hour. When factoring in standard modern debts like student loans or car payments alongside the inflated cost of everyday necessities, a single earner needs closer to $70 to $80 AN HOUR ($145k–$165k/year) just to secure the exact same purchasing power and financial security a basic worker had 56 years ago. ​This structural gap hits on a massive point that raw home-price-to-income ratios completely miss: we don't buy sticker prices, we buy monthly payments. Comparing raw prices assumes you are paying in cash, but modern buyers are forced to absorb the real-world cost of borrowing and qualifying. ​Treating the symptom (the wage) without fixing the disease (the collapse of our currency's purchasing power and the artificial inflation of assets) is a losing game. If we just hike wages without fixing the underlying economy, the cost of goods just keeps chasing the new printing press. We don't just need higher numbers on our paychecks; we need a dollar that actually means something again.

✨️Serenitee♡Sam✨️

16,078 просмотров • 3 месяцев назад

There are no jobs natives won’t do, only wages they won’t accept. The migrant behind the camera says “they say we’re taking their jobs… Aussie lads don’t want to work” The farmer replies “..young Aussies just wanna sleep in, go to the beach and drink beer… they don’t want to do this” From the migrant’s perspective, even a low Australian wage is 100x what a low wage is where he’s from, plus working here leads to permanent residency which leads to Medicare and other social supports. So it’s hardly a trudge for the migrant to take the role, seeing as though comparatively to staying home this endeavour will make him very wealthy. And the farmer must surely know that when pay is high enough to compensate for hours, conditions, and opportunity cost, an Australian will take the job. What are often described as “labour shortages” or “they don’t want to do this” are usually a reflection of employers’ preference for keeping wages low rather than a true lack of available workers, especially for lower skill requirement jobs. By increasing the supply of labour, mass immigration places downward pressure on wages and reduces workers’ bargaining power, allowing firms to fill roles without raising pay. This farmer could’ve got Aussies to do it, but he’d have to pay them an Aussie wage. He didn’t want to admit that, so he just said Australians are lazy, and the migrant worker gleefully agrees.

auspill

184,463 просмотров • 7 месяцев назад

Most of the women couldn't read. 🖊️🇬🇧 They signed anyway. Cradley Heath. The Black Country. 1910. Women making chains. Twelve hours a day. Six days a week. For tuppence halfpenny an hour. In 1909 Parliament passed a law. The Trade Boards Act. It set a minimum wage for chain-makers. For many women nearly double what they were earning. 💰 But the factory owners refused to pay it. There was a loophole in the Act. Workers could sign a form opting out of the minimum wage. Most of the women couldn't read. They signed. Her name was Mary Macarthur. She had spent years in these forges. She called them some torture chamber of the Middle Ages. She knew what it felt like to stand in one. 🔥 She organised the women. 22 August 1910. Eight hundred women laid down their hammers. 🔨 Ten weeks. A strike fund was raised across the country. Four thousand pounds. They held. They won. Every penny of their back pay secured. A Workers' Institute was built in their honour. It still stands today. Today ninety percent of countries on earth have a minimum wage law. All of it traces back to eight hundred women who laid down their hammers. And didn't pick them up. Until they were paid what the law said they were owed. 🇬🇧 This channel exists because people like you chose to make it happen. Thousands of stories like this one are waiting to be told. Battles won. Names forgotten. History that belongs to all of us but gets told to none of us. If you want to be part of keeping it alive: Be Part Of Us. Be Proud Of Us. 🇬🇧

Proudofus.uk

21,176 просмотров • 4 месяцев назад

There is a new movement is gaining traction to increase the federal minimum wage to $25 per hour The minimum wage would jump to $12 the first year, and it would increase over several years depending on the size of the company Senate sponsors of the ‘Living Wage For All Act’ • Chris Murphy (D-CT) • Richard Blumenthal (D-CT) • Andy Kim (D-NJ) • Ron Wyden (D-OR) House sponsors companion bill: • Delia Ramirez (D-IL) • Analilia Mejia (D-NJ) • Jesús “Chuy” García (D-IL) • Lateefah Simon (D-CA) If this were to actually pass, here’s what Grok says prices would increase to - Fast food meal (Big Mac combo): $8–10 → $13 - Cup of coffee (drip, cafe): $3–4 → $5.50 - Basic haircut: $20–25 → $35 - Grocery bagging/delivery fee or low-wage retail markup: Small increase in overall basket (~5-15%) - Restaurant entree (casual dining): $15–20 → $25 - Car wash (basic): $10–15 → $20 - Hotel room (budget, per night): $100–150 → $170 - Supermarket produce (e.g., bunch of bananas): $1.50–2 → $2.50 - Dry cleaning shirt: $8–12 → $15 - Pizza delivery (large pie): $15–20 → $25 -Nail salon manicure: $25–35 → $45 - Retail clothing item (basic shirt): $15–25 → $30 - Childcare (daily rate, low-wage centers): $50–80 → $100 - Janitorial/cleaning service (hourly home): $25–40 → $50 - Movie ticket (matinee): $10–15 → $18 So many businesses couldn’t handle these new wage expenses

Wall Street Apes

54,604 просмотров • 1 месяц назад

Rufai is trending because on Arise Tv, the founder of Flutterwave, Iyin Aboyeji boldly said that government printing money does not affect inflation. And, the weak Naira is good because it balances Nigeria's economy with other countries. Rufai Oseni tried explaining to him that there is no purchasing power, and this "good weak" Naira will only favour the elites. That, companies can't even pay the minimum wage because of the economic problem. Iyin then added that, the reason Nigerian companies can't pay the new minimum wage is because they are incompetent. Because now that dollars is high, it is easier to hire more people, and pay them the minimum wage. Than when the dollar is rate is low. That companies should automate their businesses. Experts are arguing that, automation requires power, and even if you axe staffs, (which is a problem) and switch to automation, the cost of energy to run the automation is equally unsustainable with the rising inflation. Iyin once said Bishop David Oyedepo has sold more books than J.K. Rowling. The writer of Harry Potter. Meanwhile, she has sold around 600M books while Oyedepo has sold just about 3M. Harry Potter grossed around $8bn. Oyedepo's network is estimated around $150M. JK Rowling makes $100M yearly from only royalties. Iyin was also on Channels to promote the weak Naira. Vendr • One Meter for Gen and Nepa (On/Off Grid) • Accurate consumption & analytics! Vendr Utilities || || [email protected] -iOS, Android, Web

Trending Explained

33,796 просмотров • 1 год назад