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@beforecuddlybunnylps841

3 жыл бұрын

Where reply?

@castielkahnwald5314

3 жыл бұрын

Next video, what would be the economic implications if Thanos snapped his fingers and half the world’s population disappeared?

@deadnburied666

3 жыл бұрын

"If mcdonalds had to pay it's employees 20$ a hour they would have to shut down!" Is just wrong, there are already mcdonalds that pay that much & they instead would have to increase their food prices in response to higher salary employee prices... but when most of their staff is eligible for food stamps already, isn't it time they start paying wages accordingly? In fact they have a monopoly on selling cheeseburgers, because how can any restraunt pay a fair wage and sell burgers as cheap as mcdonalds does? Without literally giving their employees so little that they need government assistance? They can't, the only way anyone can compete is to use the rock bottom lowest price possible, dictated by the competitors. Further, employee salaries are such a small fraction of mcdonalds operating costs, paying the cashier and cooks twice as much money would only raise menu prices by 5% to 10% per item. I completely support this when it means my tax dollars won't support them anymore. Look at how big mcdonalds corporation has become? It has to be obvious how rigged the system is for them

@GenerationX1984

3 жыл бұрын

@@deadnburied666 That's impossible. McDonald's has so much money they're knocking down their buildings to build newer ones. If they have the money to do that they have the money to pay their workers a wage that moves them out of living in a f$!@ing tent!

@GenerationX1984

3 жыл бұрын

Baby boomers caused the housing crisis and the low wage problems in America and the job shortage and unaffordable college. All our problems can be traced back to boomers and their harmful political and economic beliefs.

There is no labor shortage and never will be in America. It’s a “cheap labor shortage”.

@jacolbyxbx6762

3 жыл бұрын

For a country built on the back of slavery and convict leasing a cheap labor shortage is debilitating.

@atlas5653

3 жыл бұрын

@@jacolbyxbx6762 America isn't made out of cotton.

@jukebox_heroperson3994

3 жыл бұрын

@@jacolbyxbx6762 America was built by Americans

@pudanielson1

3 жыл бұрын

@@jukebox_heroperson3994 Enslaved Forced to Be but never really accepted as Americans, but hey you live in your own reality.

@jukebox_heroperson3994

3 жыл бұрын

@@pudanielson1 If they don't want to be here because their ancestors didn't want to, they can go back you know?

“If you pay people too much they’ll pass on the cost to the consumer!” Yeah, they do that regardless. remmeber how much prices dropped at Walmart after they replaced thousands of jobs with self checkout and shelf scanning machines? Oh wait, prices didn’t drop, they just pocketed it and fired the employees while raising costs of goods

@Malisteen

2 жыл бұрын

Businesses are out to make a profit. That means they will charge their customers as much as they'll pay regardless of what they pay their workers, and pay their workers as little as they can get away with regardless of how much they charge their customers.

@MrAnonymous825

2 жыл бұрын

@@Malisteen you know they'll still make a profit regardless right ? Annual gross profit from 2020 alone is 138 billion, which was a 7% increase from 2019. The Walton's are swimming in cash, and the worst part is a lot of the corporate workers are immigrants just so they could pay them less

@joshvautour9607

2 жыл бұрын

I hate Wal-Mart and refuse to shop there

@Malisteen

2 жыл бұрын

@@MrAnonymous825 the poont is that raising the pay of the workers (via increased minimum wage laws or union contract negotiations) won't have any significant effect on prices because if they could get away with charging higher prices they already would.

@GeertTheDestoyer

2 жыл бұрын

If workers get a higher wage, and therefore get more to spend. Inflation in itself is not a problem, the problem is wages not rising at a similar or higher rate. Kind of a bummer this was not mentioned in the video.

It feels like very few economists care when workers wages stagnate for decades, but then all of a sudden it's a huge crisis when employers have to sweat it out for a change.

@patrikstreng6834

2 жыл бұрын

Oh economists do care, it's just that economist's views are rarely politically feasible.

@whatsonhermind1768

Жыл бұрын

Exactly

@FJF1085

Жыл бұрын

And now inflation is growing faster than wage growth again and corporate profits are up from increasing prices and government subsidies. So the worker still gets screwed. Hopefully more people continue to unionize and demand change.

@dontmisunderstand6041

Жыл бұрын

Economists care, politicians and business owners don't listen to economists unless the economist says things that are bad for workers and good for employers.

@notastone4832

Жыл бұрын

@@FJF1085 unions wont fix this.. and unions just take another chunk of your paycheck like the government to then do nothing for you.

People are being faced with a question: Work and be poor, or stay home and be poor? Given how crushingly miserable some jobs can be, it's no surprise that people might choose to stay home.

@IDADDYIproductions

2 жыл бұрын

Work and be poor, plus take a toll on your body that sometimes is unfixable, or stay home and be poor, plus do yoga and eat healthier and make your body last..

@blastingcapps4341

2 жыл бұрын

You hit the nail on the head

@Theviewerdude

2 жыл бұрын

@@IDADDYIproductions how do you have a home or any food to eat if you don't have a job? And don't be so dramatic. What job would you be doing that causes irreversible damage to your body? You an astronaut getting exposed to too much radiation? Mercenary in the middle east? What about, standing at a cash register? Oh boy, you better get your very own veterans day for that line of work.

@IDADDYIproductions

2 жыл бұрын

@@Theviewerdude nice try bud, I work in cannabis, basically a farmer but I’m exposed to extremely harsh chemicals(for cleaning and feeding), and radiation from high intensity lights. The industry is still a baby compared to most agriculture in the world so I wasn’t informed on any safety precautions and I damaged my eyes beyond repair, I can still see just not the same before the job. That’s how I make a living and I don’t work 9-5 or as many days as a typical job because I wanted my life to be more about living and not working. ✌🏼🤙🏼

@AMorphicTool

2 жыл бұрын

@@Theviewerdude "Don't be so dramatic" proceeds to list dramatically extreme jobs to make a non-point. Just about any job will damage your body in some way. Physical stress and mental stresses manifest in, often, acute ways. Self-medicating with tobacco, alcohol or drugs over the weekend/evenings to relieve stress, will damage your body. There is a reason on average the poor die younger than the rich. You don't need to be an astronaut or soldier to be killed by your job. You could be any of the millions of 9-5 workers who after 40 years of existence has a medical complication due to some undiscovered health risk that nobody cared about before.

My former boss was annoyed no one was wanting to work $9 an hour for crappy work at a gas station. I got a job somewhere else at a much better wage

@ClownWorld69420

3 жыл бұрын

good for you!

@markoakley2508

3 жыл бұрын

Minimum wage should be 24$ per hour if you account for 3% inflation over the 10 years since minimum wage was passed !!!!

@paper8nintendo

3 жыл бұрын

@@markoakley2508 That would just increase the rate of inflation unfortunately.

@dhrgkbqxtjr2743

3 жыл бұрын

@@markoakley2508 Enjoy paying $15 dollars for a loaf of bread then.

@pineapplehead789

3 жыл бұрын

@@dhrgkbqxtjr2743 what happens if we abolish inflation

They are extremely finicky in who they hire. No criminal record or significant gap in employment history. Then they want a college degree for a job that can be learned on site within a day.

@privatetrash2810

3 жыл бұрын

I can't even fathom how employers think a degree that costs, minimum, a few dozen thousand dollars and 4 years of your life is necessary for 10 dollars, sometimes 7.50 dollars an hour.

@MrTherevalator

3 жыл бұрын

@@markbogunovich3920 Serious labour is hardly respected these days. Same deal everywhere. My dad, a doctor with 30 years of experience can hardly make as much as a supermarket cashier. The world is coming apart at the seams lol...

@emmacat3202

3 жыл бұрын

It's because these employers are entitled, and want people's labor for the price of a gumball.

@amando96

3 жыл бұрын

@@markbogunovich3920 What if her priorities are backward if she's the one not leaving? Maybe she doesn't do it for the money? Don't blame society for your wife's choices dude lol.

@coyotepeyote

3 жыл бұрын

@@markbogunovich3920 does she also receive benefits? Because i guarantee the sign holder doesn't get benefits. Healthcare, 401K matching, PTO, paid gym memberships, dental (which btw even socialized medicine almost never covers), etc.

As an experiment I went around applying for jobs in the area around where I live. I am an educated and trained engineer and welder, though I did not restrict myself to those roles, I applied for basically everything I could find in my area with the caveat that I would not take less than 15-20 dollars an hour regardless of the field of work or type of job. Out of dozens of applications, I got two call backs and 0 interviews. The "Labor shortage" is bullshit, people over the last year have become fed up with low and stagnating wages and non existent benefits or benefits in name only. These same companies cannot fill roles at the old deflated wages and are claiming that there is a labor shortage or that people don't want to work, when what is actually going on looks more like a general strike for higher wages.

@angrydragon4574

2 жыл бұрын

And that's the thing, they don't want to lose their profits while working us to the bone when we can't survive on the peasant wages they want to pay. A lot of these places ought to be closed up if they're not willing to pay.

@stephenmisener1659

2 жыл бұрын

@@angrydragon4574 They will close. Alot of these companies are running on fumes and are hoping they can outlast this. they wont.

@lunalee3021

2 жыл бұрын

I must have applied to thousands of jobs after finishing college. They never respond even when they seem like a perfect fit. Jumped through hoops doing tests and interviews to rarely even get the decency of a rejection. Ask for help to be told "you're not trying hard enough and are entitled." (but apparently my resume is impressive and I have enough experience?). I was wondering if there was something wrong with me. Is this how the system is now? There's something not right. Not trying to be a victim, just genuinely baffled. Was it like this before applying online was a thing? Do companies just not like new people? Anyone older have any ideas what is going on...???

@TheRedneckGamer1979

2 жыл бұрын

@@lunalee3021 I am 42 years old with over 20 years in my field. But again, as I said, I did not restrict my search to my field, which is engineering and welding, I DID apply for those jobs but was not expecting any of the places near where I live to be looking for a master welder/or be willing to pay for one. I also applied for low end vehicle service jobs, jobs stocking shelves, jobs flipping burgers etcetc. I did this for a year with my above stated results. For me it was basically an experiment, and the ability to "show my research" to some people on the political right who are constantly banging the drum that people are lazy and entitled and don't want to work. I am basically retired, I am not wealthy but I live comfortably, but the proof is in the pudding as they say and this little experiment brought a lot of those same people around to where they are actually questioning the bullshit narrative being passed around. During that year, I got two call backs, one offering 8.25 an hour and it was framed more as a "favor" for someone who is retired, and the other one offered 9.00 an hour and hung up on me when I said I would not take less than 15 and wanted a set schedule. So no, it's not just you, this is what corporate america is trying to push as the new normal and have been doing so for as long as I have been old enough to work.

@lunalee3021

2 жыл бұрын

@@TheRedneckGamer1979 Yeah, that's one thing I don't like about the conservative viewpoint. If there's a job shortage it's only at places like McDonald's as far as I can see (not the type you can support yourself on). Nobody else wants to let you in. I just don't understand anymore, but I don't think that it's just me or my attitude or purposely being lazy. It's really hard to find answers about what's going on when everyone just says "you're just not trying." Cause I just know something weird is going on, it can't have always been this hard to get a response.

Job posting these days: Experience required: 40 years Must be a fresh graduate with a PHD before the age of 21. Pay: 2.50/hour plus tips, potential for bonus if you work free overtime Job: janitor 😑

@flosset6070

Жыл бұрын

I wish there was a way of farming experience just as in games

@randomstuff-qu7sh

Жыл бұрын

@@flosset6070 I think its called "unpaid internships". Of course, the XP farming is nowhere near as efficient as video games and some won't think your massive coffee fetching XP points translate appropriately to getting screamed at by entitled people in a grocery store.

@flosset6070

Жыл бұрын

@@randomstuff-qu7sh unpaid internship is just as same as spending money. Some people don’t have luxury to do it

@kaeya8674

Жыл бұрын

Yup

@themasculinismmovement

10 ай бұрын

He's not being hyperbolic either

Magically all the decent places to work near me don’t seem to be having any labor issues. It’s all the shithole fast food places and grocery stores that can’t find anyone.

@order_truth_involvement6135

2 жыл бұрын

Exactly. And their entry level prices are "way above" minimum wage according to this video....with 12 hour, as if that was great pay.

@patrickpaterson8785

2 жыл бұрын

@@order_truth_involvement6135 Mcdonalds near me pays like $17/hr just to stay staffed at bare minimum. I don't live in a crazy expensive area, but it's probably nicer than average.

@anubisplayer2

2 жыл бұрын

It’s bc you can pay someone all you want, but if the job just plain sucks in the long run they’ll leave, money can only cover up your mental stress for so long, yeah it’s fast food, but working there and being short staffed can drive anyone away. My job currently has to many people. 😂

@AmazingStoryDewd

2 жыл бұрын

Yeah except for small businesses those places are screwed.

@AmazingStoryDewd

2 жыл бұрын

@@order_truth_involvement6135 Yet i still worked for that much and I worked my way up to $20. You know because I was grateful.

Funny how the law of supply and demand is conveniently ignored when employers have to pay more. 🤔🤔🤔

@danciagar

3 жыл бұрын

@Ms. Kitty Katt Capitalists only "understand" the parts of capitalist that are convenient for them.

@daznis

2 жыл бұрын

Just wait until you read why fed and other banks are keeping inflation positive.

@ColtonRDean

2 жыл бұрын

@@daznis I would suspect it is because they want all the benefits and none of the consequences. They could implement a multi-year plan to gradually increase interest rates, and tell everyone to just deal with it. But their personal financial interests are tied up in the systems they regulate, so dialing down the money printer would affect them personally. So they won't.

@stevejobs12345

2 жыл бұрын

@@daznis do tell

@keilafleischbein59

2 жыл бұрын

It's not a law, it's a ratio.

Remember that dude who paid everyone on his staff 70k per year? His company is still going strong. He also took a cut to 70k and he didn't lay off anyone during lock down. So yes you can run a smallish business and pay your staff well..

@phomjachana

2 жыл бұрын

That’s not a smallish company. 10 employees needs to bring in 700,000 sales just to cover wage costs, what about product expenses and rent for starters? What about taxes, insurance?

@pongchannel.

2 жыл бұрын

And also jobs will just be replaced by robots

@frontlinewitness

2 жыл бұрын

@@pongchannel. remmeber how much prices dropped at Walmart after they replaced thousands of jobs with self checkout and shelf scanning machines? Oh wait, prices didn’t drop, they just pocketed it and fired the employees while raising costs of goods

@pongchannel.

2 жыл бұрын

@@frontlinewitness yeah I never said they did drop?

@geraldstephens6612

2 жыл бұрын

@@phomjachana Well, it worked.

Many places (in the US, at least) are only hiring on paper. In practice, they're only posting position openings to exploit a PPP loan loophole that will turn it into a grant after enough time.

@scifirealism5943

Жыл бұрын

That's fucked. Up.

@scifirealism5943

Жыл бұрын

Amazing how easy corporations can get taxpayer money but not the poor.

@toomanymarys7355

Жыл бұрын

Corporations need workers, but the hiring staff aren't the division that needs the workers, and they get overwhelmed with crappy applications because it's so easy to make an application now and then just...never get people lined up for interviews.

@lowwastehighmelanin

Жыл бұрын

A Life After Layoff made some content about this. "Ghost jobs" I think he called it?

It's *A L M O S T* as if wage stagnation has been an ongoing problem for the past few decades!

@spycraft1842

3 жыл бұрын

@Economícs Explaíned NO

@momentary_

3 жыл бұрын

Everyone loves to point at the low unemployment rate and say everything is fine, but completely ignore the low wages people are paid. You can have low unemployment and low wages or high unemployment and high wages, but not low unemployment and high wages. Technology is getting better and better at doing our jobs better than we can. Nothing is bringing higher wages or more jobs back. We either start taxing labor-eliminating technologies to fund safety nets or say good-bye to most of humanity.

@dosbilliam

3 жыл бұрын

@@momentary_ Or we could instead tax the people who made money than the entire human race could spend over the course of their lifetimes and use THAT to fund things like UBI so the people who get shunted out by mechanization don't starve to death...

@momentary_

3 жыл бұрын

@@dosbilliam Technology is the main cause of lowering wages and unemployment, but generally, we should tax any business that doesn't need to hire people. Businesses with a high revenue to employee ratio would be targets. Amazon pulled in $384 billion last year but employed only 1.2 million people, most of which were paid only minimum wage. Amazon averages over $300,000 of revenue for each person they employ. Bezos is paying only 14% of Amazon revenue to employee wages. He's not alone, but it's not all wealthy people doing this. That's why the tax has to be targeted at businesses that don't need to hire and not at all wealthy people in general. We don't want to punish businesses that do hire and pay their workers well.

@richardtravick5794

3 жыл бұрын

It's no coincidence!

I was furloughed last year as a flight attendant, I went back to school to finish my degree. The airline called me back and offered me a 15 month voluntary leave of absence with benefits if I wanted it. Since I was back in school I took the leave so I could concentrate on that. Last moth they called me and said my leave was cancel because demand for upcoming summer travel was higher than expected. I chose not to return to work because I'd rather finish my studies and get a more reliable job than be locked into my previous one.

@frigginjerk

3 жыл бұрын

So they took the long and experiential route to essentially tell you, "Don't believe us when we promise to give you something good. We'll just unilaterally decide to stop doing that later on if we want to." And yet I'm sure that in the minds of at least some of the people there, you're somehow the bad guy in the story.

@buttonsmasherdadgaming4121

3 жыл бұрын

I was always looked at for being weird for continue to work on my phd in engineering while flying for an airline. Fast forward to COVID, I had a job immediately and friends that got furloughed are now starting to fly for other companies, now at FOs and reduced pay. Good luck on your studies!

@Hchris101

3 жыл бұрын

Pretty gnarly

@javiersosa3368

3 жыл бұрын

Well done

@cjschneidt9089

3 жыл бұрын

I'm glad you had that opportunity thats amazing. My mom went back to school at like 35ish

This reminds me of when some big company complained that part of their business might become unprofitable without chld labour and the other time some pharma company found that curing patients might not be profitable and therefore undesirable.

We're really not gonna mention that these vast companies responsible for employing a significant proportion of the population are perfectly capable of paying workers a higher wage and still being massively profitable, but just can't bare to be without their multi million dollar bonuses? This employment situation seems at least on the surface similar to that of the 50's and 60's, when living standards rose across the board, are we sure that the problem now isn't just vast corporate greed?

@machupikachu1085

2 жыл бұрын

exactly right. Greed will never be the downfall of America. It will be unmitigated greed.

@randomstuff-qu7sh

Жыл бұрын

Since the 80's, worker's wages have been relatively stagnant while executive compensation rose significantly. You could say that the businesses are shelling out the cash, its just the distribution that is unfair. The people who decide what your work is worth have every monetary incentive to pay you as little as possible and then pocket the money they're not paying you in the form of a bonus for "keeping labor costs down".

@deemac3470

Жыл бұрын

You reap what you sow. If they're going to take the bonuses it's up to them to also carry the company from the ground it's crumbled upon.

@Octovisuals

5 ай бұрын

Maybe in first place instead of asking the companies to raise the wages even more you could ask your government to stop stealing you with taxes the most part of everything you earn and have. And while you're at it to stop being corrupt and totalitarian, and that they allow people and entrepreneurs to be free and prosper.

I can’t believe it took a global pandemic to wake everyone up to the fact that the service industry sucks

@TonyTheTGR

3 жыл бұрын

Right? I've waited TWENTY FIVE YEARS to leverage self-respect and I've never hated everything harder.

@SaintClutch

3 жыл бұрын

Clearly you're still asleep

@Petrico94

3 жыл бұрын

Noooooo, having to deal with customer bullshit in a sector no one cares about for minimum wage and long hours (might I add expanding for no overtime) and no benefits with a smile, as soon as people get laid off for this non-essential job they flee to any other job opening available? Yeah maybe reconsider how much people are willing to take for a low salary now that we had a soft reset these kinds of jobs.

@Floof_Factory

3 жыл бұрын

It only sucks if you're not getting paid enough. I get paid 40 an hour 🤪

@bartkirby21

3 жыл бұрын

Needed to happen so many rude customers I hated working in food. I dont have any patience for ppls bs anymore.

I'm surprised you didn't mention the large number of older workers who decided to just simply up and retire last year

@kaygataki6163

3 жыл бұрын

Or whose companies decided to retire them.👎

@Nighthawk20000

3 жыл бұрын

My dad is on that list. He was already on his way out and the lockdown just made it easier

@davidthorp01

3 жыл бұрын

I mean this is a larger contributing factor than many would readily admit, I’d say give it a few more years and some fresh bushy tailed teens and the economy will course correct. Although this IS a good point for millennial/early gen Z to make it a sticking point that we want to either see better pay, better positions, or we’ll look elsewhere. I saw some of this problem even before the pandemic, the old folks quitting just heightened it.

@riley_oneill

3 жыл бұрын

There is another factor. The mid 1950s was the peak of the baby boom, and 1957 represented peak baby in the US. That was the year that had the most births of any year in American history. That was the peak of the baby boom. Those babies turn 65 next year, for many it was an opportunity for early retirement but this wave of people leaving the workforce. Someone who is in their 60s was probably very wise to retire last year as they are at risk of COVID complications. 2020 also had the largest reduction of immigrants coming to the US. These are people who frequently take the lowest paying jobs in society (or the highest). A lot of companies depend on hiring low paid immigrant labor, and now those immigrants just aren't there.

@anthonysciabarrasi2611

3 жыл бұрын

well yeah cuz they waived withdrawal fees on 401s and such so ppl who were a few years away could take their money out without penalty and retire, they'd be stupid not to

I've read plenty of stories about small businesses paying their employees $25 hourly in areas where minimum wage is below $15. They didn't have to "close their doors because they couldn't afford it", in fact business was booming for them because their employees were more enthusiastic and had better attendance and performance; their labourers didn't think of their jobs as punishment, and weren't plagued with all the impeding obstacles that come with poverty, so not only could they more regularly go to work, they were happy to.

There is no labour shortage, not in America and not anywhere else. If an employer can't attract or retain employees, they need to look at what they are doing wrong instead of whining that "nobody wants to work". The sheer entitlement of these companies has to end

@ak5659

Жыл бұрын

@Erin Renman It's been awhile since college but I'm pretty sure one of the precepts of Capitalism 101 runs something like: If you cannot find a sufficient number of qualified job applicants, your total compensation package is too low. Full stop. There's nothing to talk about. Employers just don't want to acknowledge this.

"We can't afford to pay you what you're worth!" *hands $100 million bonus check to CEO*

@m0ntheg3rs

2 жыл бұрын

You realize your are taking about a minute percentage of businesses in this country right?

@reethardio6432

2 жыл бұрын

@@m0ntheg3rs does that excuse the companies that do? No it doesnt

@pleaseendmethx9455

2 жыл бұрын

How are oligopolies like nestle a minute percentage of businesses?

@knowone11111

2 жыл бұрын

Dude, they don't think we're worth anything, lol if they could, they'd pay us $0.

@arthas640

2 жыл бұрын

@@pleaseendmethx9455 not all industries rely on zero skill or low skill positions. Theres a huge shortage on nurses and they're seeing rising wages. Its the same way with some construction trades. People tend to view companies as solely low skill but there are companies and entire industries dependent on well trained people and some of those are seeing similar problems. I work in electrical contracting and we had a shortage on trained electricians around 2014 where I live and we saw the pay rate raise 50% in a couple years and it nearly doubled since the recession after years of pay stagnating

Everything has increased in price because of the pandemic yet the wages stay the same. People are right to not work for peanuts.

@NickMart1985

3 жыл бұрын

Actually, wages are not staying the same, the are increasing rapidly. You don't want your burger flipper making $25 an hour, if they did, you couldn't afford the burger.

@appliancedude63

3 жыл бұрын

@@NickMart1985 it's been proven that most of the job advertisements are scams. It's the same ole pay, just a different day.

@NickMart1985

3 жыл бұрын

@@appliancedude63 "Its been proven". Meanwhile, some of use are seeing wages increases of 25% a year in the right fields. With six figure stock deals and 20% bonuses. If you think you're going to get a raise moving from one Starbucks to the next, you're wrong. There's opportunity out there, but if you're in the service sector or manufacturing, you are completing with too many people to be worth anything. Then you want a wage increase and realize no one wants to buy $20 Big Macs. This is coming from someone who worked in those sectors for nearly 15 years and doesn't have a college degree.

@NickMart1985

2 жыл бұрын

@poncho mac I know how prices work. Whats your point? Consumers also vote in assholes and idiots. You get out of systems what you put into them. Systems don't failure because they are corrupt, they fail because consumers are more greedy than any politician or corporation.

@gfjfjufidi2880

2 жыл бұрын

@@NickMart1985 yes I do. Because then I negotiate with my employer to pay me more.

I love how "the economy" is only the responsibility of the worker. When corporations crash the economy they aren't ever asked to take responsibility for the overall effect. Any move a corporation would make should only consider their profit, we've made it law. Any move workers make should take the economy as a whole into consideration. 🙄

@mariolis

Жыл бұрын

You and others like you just show how you know nothing about macroeconomics This video doesnt blame you for what you do , it just describes the reality of what is happening in a factual way Economics ASSUME that everyone is acting in their own self-interest , it doesnt blame anyone for it Thinking of economics as a war between employers and employes is Comics , not Economics

I was a nurse two years ago, I gave it up because painting houses pays better, let that sink in... There is no labor shortage, there is a monetary shortage.

@thediamondlord8528

Жыл бұрын

Do you enjoy painting houses?

@bambisita6857

Жыл бұрын

@@thediamondlord8528 with the shortage of nurses and the overworking of the remaining ones I'd enjoy painting houses more I think

@marcusfigved7593

Жыл бұрын

@@bambisita6857 yeah it's truly awful how some of the best people in society get treated so poorly.

@glacialimpala

Жыл бұрын

@@marcusfigved7593 if it's true then nurses will get a fair pay any day now, the world can't function without them.

@LongToad

Жыл бұрын

Nurses are like teachers where people say "you don't become a teacher for the pay!". Yeah, well, shouldn't that also go for doctors that make $300k+ a year?

I will believe in this mythological "employee shortage" when companies stop treating job applicants like garbage.

@gushernandez25

2 жыл бұрын

Right? These people literally think we are begging them. There are other companies out there.

@raymondrodriguez2655

2 жыл бұрын

I had an interview at chillis that went amazinf but he wanted me to meet another manager. It went amazing but he told me he didn’t need waiters even though in the last interview I was told they needed waiters bad. I was still willing to take the entry level position instead with 8 years experience. I even called back to follow up but they never called me back. That was a month ago and I got an email the other day asking me to come in for an interview for the position they were full on...

@01nmuskier

2 жыл бұрын

Pre pandemic shutdowns, wages were at a 40 year high. The current situation is 100% caused by government mandates.

@01nmuskier

2 жыл бұрын

@@Jon-jd2vc true that the government can borrow more $ than employers can pay. But that is a dishonest evaluation of wages. In Jan. 2020, U.S. wages were at a high. Job participation was at a high. The economy was great.

@bob_the_blogger6029

2 жыл бұрын

You do videos praising norway where warehouse workers earn $50k and beer costs $7 and the do a code arguing against yourself. Get your act together. Higher wages = more tax and lower profits..time to prune CEO salaries and dividends? End share buy backs maybe?

It pisses me off that some of these companies & stores have the gall to say no one wants to work anymore while at the same time my wife has been submitting application after application trying to get a job at some of these companies yet not one place called her back for an interview or a follow up.

@littlesongbird1

3 жыл бұрын

She should go in person and ask to speak with a manager. I know a couple of stores by me that are now closing early during the week because they are short handed.

@LegendaryMercDC

3 жыл бұрын

@@littlesongbird1 she tried that. Twice. Both stated for her to fill out an application online. Then both stores claimed to not have received it.

@littlesongbird1

3 жыл бұрын

@@LegendaryMercDC That sucks! It could be s server issue but I would say look elsewhere.

@cashkitty3472

3 жыл бұрын

Try it now and she will

@itsjustjashell5246

2 жыл бұрын

Yes, it’s the same way for me. Last year I got my first job at a grocery store in June or July and worked til September something. The reason I had quit was because my senior year in school was putting a lot of stress on me, plus my mental health was terrible, and I had just gotten broken up with so that didn’t help anything. I put in a few applications since then at places after my mental health got a little better and I got over the breakup, and never heard anything. Recently I put in more applications for places that are saying they’re hiring and need workers, but no one has called me back. I’ve graduated school now and will be 18 soon. I’m ready to focus completely on work, but I’m scared that I won’t be able to get a job. My family told me to just go to the places and ask in person, so I’ll try that, but I don’t know that it will work. I thought I was the only one having this problem, but it’s actually a lot of people. It just sucks because I wanna work and save money so I can get a place of my own in the next couple years, but no one will hire me.

I'm starting to see there might be an issue with hiring in general, at least where I live. These jobs say they're hiring, but are they? I've applied to hundreds of jobs and haven't got one. Always get the "We went with a more qualified candidate" response. I have a Bachelor's and nearly 10 years of office/secretary experience, but I can't get anything -- labor or in an office/work-at-home. Can't even get a customer service job answering a phone. But I think it's where I live - obviously I've only had secretary jobs, there's nothing decent-paying here. Now there's truly nothing. Feels like I'm stuck in purgatory.

@luka1608

Жыл бұрын

The only thing you can do is migrate

Reminder: the fact that all of these companies are offering bonuses, pay increases, more flexible hours/remote work, etc means that they were able to all this time but chose not to. I can imagine this will create a huge economic shift as the majority of people won't return to the same quality of jobs as they had before

@jackli6592

2 жыл бұрын

you not see all the price increase from those business?

@michaelm4550

2 жыл бұрын

@@jackli6592 Yep, shitty companies like Chipotle for example.

@robert2690

2 жыл бұрын

@@jackli6592 You not see that the prices increase even when the wage hasn’t changed. Stop being uneducated

@BrotherO4

2 жыл бұрын

@@robert2690 there is more that effects prices than just what you pay employee. you should Educated yourself on Business. i will give you one hint on where to start... Shipping Cost. there are many more too.

@fictionindianspaceprogram-222

Жыл бұрын

@@BrotherO4 bery Anglish

"But we're a big corporation and we don't want to pay our employees more than minimum wage" These companies don't deserve to survive.

@KayFabe87

3 жыл бұрын

Increase your skill set to enable yourself to command more than minimum wage in the marketplace. People with marketable skills and experience are paid much more than minimum wage. If you are handing out bags of food from a drive thru window, your skills are not worth even the government mandated minimum wage. Make yourself more valuable in the market so you don't have to work that low wage job.

@alt0248

3 жыл бұрын

Capitalism at its finest (or at least should... Can't believe the government is willing to keep them afloat)

@matthewcaughey8898

2 жыл бұрын

Those CEOs deserve to be torn limb from limb

@scifirealism5943

2 жыл бұрын

@@KayFabe87 without those workers the company doesn't function, skill or no skill. And yes pay for college, a $100k+ price tag... Making $7.25. And point the fingers at the employers for creating such low wage jobs in the first place.

@alexlollar3293

2 жыл бұрын

@@KayFabe87 I hope you end up homeless. Because you don't deserve shelter or food. Maybe if you worked on who you are as a person, others wouldn't find you detestable?

When employers hold all the cards that is "just how it is". When workers hold all the cards, it's a "crisis". Great system.

@gorkyd7912

3 жыл бұрын

It's a crisis, but not because workers hold the cards. Workers don't even hold the cards. It's a crisis because of 2 decades of over-spending and increasing debt, and now there's nowhere to hide the insolvency.

@flyboymike111357

3 жыл бұрын

The workers don't hold the cards. They don't want a pay raise that will negate itself due to inflation. It's government officials running half-baked welfare programs to bribe voters who hold the cards and are causing a crisis that has the potential to hurt workers and employers. We shouldn't be giving unemployment to people who can work unless they're doing at least 30 hours of community service while job hunting.

@DR-hy6is

3 жыл бұрын

@@gorkyd7912 That was not a big complaint in 2017 when republicans gave the biggest corporations in the world permanent tax cuts. That talk means less than cow dung after Trump's deficit run up, (and Rs loving every bit of it since it went to companies and not people). The companies can eat that cow dung for all that working Americans care. Maybe they will get a taste of what we have been living on for the past thirty years. Consider it poetic justice.

@marcellothefellow

3 жыл бұрын

If I put 100k into a restaurant and it turns a profit, I deserve more than the workers, basic risk/reward.

@alexanerose4820

3 жыл бұрын

@@DR-hy6is Included in those big corporations are the (comparatively) little corporations that aren't raking in billions. Ever think of them? How about the mid-range businesses that are subject to the same regulations as Amazon and Google but don't make as much? Poetic justice when spoken to the deaf who can barely hear isn't justice: it's a tragedy

The glaring elephant in the room for me is that apparently the choice is pay a living wage or shut down, and not pay a living wage and make the executives take a pay cut to keep the business open. If the executives have to go from day 500k/year to 450k/year then boo hoo I won't shed any tears.

@Adromelk

2 жыл бұрын

This. This is the answer but nobody near the top wants to admit it.

@xerxeskingofking

2 жыл бұрын

i think a number of high level execs and such are happy in principle for "their" company to fold, because they believe they can just hop to a similar job in the next company, and given their level of wealth, temporay unemployment is not the same bugbear it is for people having to choose being heating or food that week...... obviously, this is only true so long as thiers other companies to jump to, but the simple truth is those decision makers are in fact not unwilling to drive their company into the ground so long as they have a nice "external factor" to blame......

@machupikachu1085

2 жыл бұрын

Bingo! Prices rise when overhead increases - not because they have to - but because owners REFUSE to make less profit margin. As a plus, they get to blame the higher prices on 'those greedy employees'. It's disgusting.

@tubetorius

Жыл бұрын

@eric Spencer If an executives pay goes down, they can't buy a yacht... oh no... if the average worker's pay goes down, they lose their house. An the average CEO of a fortune 500 company makes 14 million/year, they could lose 90% of their pay and still have 1.4 million per year to live off of.

Just remember that if the minimum wage matched productivity it would be $26 an hour rn. And that the 1% received 45% of new wage growth in the past 20 years

@justinwhite2725

2 жыл бұрын

Most of that productivity was created with automaton, not increased labour.

@scifirealism5943

Жыл бұрын

The minimum wage would be $43/hr today with just a 9% annual inflation adjustment rate.

@mariolis

Жыл бұрын

Minimum wage is just a price floor Price floors and caps in goods and services are always a result of not understanding economics , as their effects are always negative when comared to if they didnt exist so I dont understand why we treat labor any differently and apply a price floor to it

My workplace is constantly understaffed despite having literally hundreds of applicants at any given time and requiring no special skills. Corporate is so strict on the background requirements that the only people who ever get hired are 19 year olds who don't care enough to keep coming back after a few weeks.

@Dudanation12

3 жыл бұрын

Those are the worst to hire too. These large companies don't understand that training people with revolving doors is really expensive and costly to the business.

@mongoslade5248

3 жыл бұрын

@@cordfortina9073 s long as the government bail out money keeps coming in.

@DahistheDah

3 жыл бұрын

@@cordfortina9073 I've worked there for years and I've done the math. We are significantly less efficient in this aspect than we were back in 2014. That said, a strong increase in local demand due to the city growing, technological improvements, and a really incompetent area manager have probably masked the severity of the issue from the the higher ups. Said area manager got his position nepotisticly without ever having worked in the industry. He is partially why turnover is the way it is. Meanwhile, on the corporate side I can see why high turnover and young kids are desirable. The sector is extremely prone to unionization as everyone inevitably gets to know everyone else. Keeping a revolving door of disinterested kids makes organizing a union extremely difficult. That said, were in a right to work state in an age where everyone has no time because they are working two jobs just to get by. Corporate could easily afford to lift some of the restrictions or at least pay SLIGHTLY closer to the industry average. They would earn more profit AND our jobs would be easier. But no. Business as usual. It's frustrating.

@shadowling77777

3 жыл бұрын

@@DahistheDah Are your corporate hire-ers SJWs or something?

@michaelrenper796

3 жыл бұрын

@@DahistheDah Well, in this case the company will hopefully be pushed out of the market due to labor shortage. This is the good thing about a free economy, unproductive companies eventually fail.

Don't forget these places dropped their employees like a rock a year ago. My restaurant closed down with zero notice and laid us off. When they were in the clear to reopen their incentive for us to return wasn't temp higher wages or benefits, it was a threat to get our unemployment cut. This relationship is abusive. Been back since day one and all the company has done was demand us work harder and harder, doing the same job as 2-3 people prepandemic. Customers, missing the chance to get out, have been more and more impatient with us. Any time we complain we get told that we have bad attitudes and don't work hard enough. They struggle to find competent employees, yet have no issue pushing their experienced employees away. Sure, are there people staying home for the dole? Yes. But most of us have been ground down by the selfishness of the industry and just want out.

@ericepperson8409

3 жыл бұрын

I spent 15 years in the hospitality industry. They build this mystique that you are different, tougher, and better for doing the job bc of "Passion". The satisfaction of doing it for "Passion" is to supposed to make up for the crappy wages. The pandemic has given everyone a chance to reflect on that line of BS, not only in hospitality industry, and realize that its a lot more satisfying to make a wage you can live off of.

@christiansanchez8298

3 жыл бұрын

It was about a year ago today I returned back to my restaurant gig. Same exact experience as you're going through. So I googled "how to escape the service industry." I ended up taking a job selling POS systems to restaurants haha. The job has its own struggles and I dont love it, but the pay is just good enough that I've been able to buy my first home. I'm extremely grateful to be experiencing this kind of success when only a year ago I was on unemployment. You're absolutley right to label the employer/employee service industry relationship "abusive" because the employers are exploiting the labor of the multi-racial working class. So I encourage you to see what else is out there. Its not your fault that the pandemic turned your world upside down. Your employer should be more empathetic, rather than worrying about profit margins. However, those are both things you cant control. But you can control where you go from here. I wish you the best of luck escpaing the service industry comrade!

@basilmemories

3 жыл бұрын

@@renim2974 so that justifies them being massive dicks to their employees? Being respectful is free, last time I checked.

@christophylax986

3 жыл бұрын

They all do that, most of the jobs I worked for loved me so much they gave me a little raise .25 and started adding more work load to me till I was working 3 jobs to everyones 1 and get on my back when I got tired or tell them I needed help, I usually end up being the only emlpoyee in my department because "hey, why keep the other 2 when this guy is better than 3? And when there's a crises of some sort( like the flu pan.) it just gives them an excuse to treat everyone worse demanding more work and threatening you with your job. The power really rushes to their heads in these situations. Most of them would like nothing better than for things to go back when they could use whips a chains. one even told us when he thought nobody important was listening, that he wished it was back when they could force you to work like on the Golden Gate bridge when people where falling off and dying on the job and keep working, because if they're paying you they should be able to treat you any way they like, and if you work evidently you're not important and don't have a life. One said people should work for them for free or pay him because its an honor, to work for someone so special. (and he wasn't joking) any one who owns a buisness owns you and is more important then anyone ells because they have the money.

@diegom6085

3 жыл бұрын

That’s a good point. Workers feel burned

This is ignoring a few things: 1. Survival has a minimum cost, below which most workers don't see much subjective value (if your reason for working is to avoid starving, it doesn't make sense to work and still be starving). 2. This survival cost has been increasing, for reasons ranging from the pandemic, to house-hoarding investment firms, to simple inflation. 3. Working isn't free. Even barring the simple time cost, work costs effort. This effort takes food for energy, and it stresses health (physical and mental). For particularly unhealthy jobs (e.x. heavy wages, abusive customers or bosses), the health cost can be high. In order to break even, workers have to cover these implicit costs. And that's before considering the survival cost. 4. Workplaces often aren't working as hard hiring people, as they claim to be. Application processes place the clerical burden of effort onto the applicant, with long, complex application forms that have a high chance of getting discarded by automated systems without ever reaching human eyes. 5. Many jobs have overstated requirements (with many fields completely devoid of zero-experience jobs), making it outright impossible for many prospective workers to find work at any price. 6. Companies aren't as fragile as you claim, especially in today's economy where markets tend towards oligopolies or outright monopolies. These places tend to have massive profit margins, meaning that if their operating cost rises, plenty of these companies will survive. They just ... won't be able to pay non-working rich people quite as much. 7. Wealth inequity is at an all-time high. For Bezos, another billion dollars doesn't affect quality of life. Meanwhile, for the average working Janet, a single cent can be the difference between eating and starving. The resources for everyone to have a safe and survivable quality of life exist, they just aren't available to the people who actually need them because of an over-reliance on markets.

@randomstuff-qu7sh

Жыл бұрын

The market is dominated by a small number of very large and very powerful players who try to spin the narrative in their favor. When there's a crisis, those powerful players all line up for their government bailouts because they're "too big to fail", while the rest of us are left to struggle with little to no assistance. Its a bit ironic that they then turn around and say enhanced unemployment was "too generous" for the rest of us. They have been able to profit massively off of taxpayer money and then complain when some of the working class finally get a piece of the pie. I guess its okay when the government interferes to make them richer, but not okay when government interference makes it harder for them to get away with paying low wages.

I just love how things like layoffs and other terminations by a company is treated as "just the economy going bad, nothing we can do." Then, when there's suddenly a "labor shortage," it's not the economy, it's "people don't want to work." Then, when you look at half these jobs, they are crazy stuff like "no more than 30 hours a week so we don't have to give you benefits, but you will need to keep your week entirely open, the job is almost guaranteed to end up with you drinking sewage at some point, and you will get paid just slightly above minimum wage."

@tobycurrie4499

Жыл бұрын

Exactly! I'm currently working at a deli and they had signs saying they were hiring full time. 3 of my co-workers applied expecting full time, but after thy got hired at the interview and showed up to their first day they were told we "couldn't hire any more full time employees." 2 of them left on the spot, and the 3rd is looking for another job before they quit.

I went to a Burger King today. The drive through was closed because of lack of employees. I decided to apply and the manager offered me 9 bucks an hour....not with a straight face though. I laughed and told him I made that over 30 years ago and wished him luck finding workers.

@anthonydelfino6171

3 жыл бұрын

Gotta feel bad for the manager who likely has zero choice on what the crew makes. I'm sure he knows he's not offering enough, but the bean counters at corporate set out that they're not allowed to pay any higher than that, or if it's a franchise, they likely set the fees they take so high that the person who owns the franchise can't really afford to pay more, again because the people at the top gotta line their pockets.

@robertlelis3410

3 жыл бұрын

@@anthonydelfino6171 Correct. The Manager was a very nice man. Franchise operations for the most part are structured to move the money back to corporate...you were dead on with that comment.

@cjuliusworkout9580

3 жыл бұрын

Can't wait for the robots to make my food

@emuriddle9364

3 жыл бұрын

@@cjuliusworkout9580 Same here. It would save a lot of headaches from other employees.

@emuriddle9364

3 жыл бұрын

@@anthonydelfino6171 That's true. It's always about the higher-ups covering their own paycheck. Regardless of if they have a strategy or not. Or how it affects everyone else.

Economists often forgot a simple detail: people have to survive decently somehow. Here in Italy there's the same problem, with lots of open jobs and few hiring, but the employers offer wages that are just a little more than half the minimum wage. Why should a person accept such conditions?

@analyticalhabitrails9857

2 жыл бұрын

We hear ya sir! Same here!!

@SomethingSomethingg

2 жыл бұрын

So much for La Dolce Vita!!

@SomethingSomethingg

2 жыл бұрын

I'm so happy to hear that the world is finally waking up and fighting back. I've read many stories of overworked waiters and janitors who, once the lockdown began, finally had time to turn to their hobbies like knitting and woodworking and then realized, "Oh my God! I could open an Etsy account, sell the stuff I make, and earn money that way" and that's what they're doing...while also getting to spend more time with their families. Others are doing Uber or DoorDash. Some, like myself, are taking advantage of companies offering higher wages and got better jobs. Some have finally finished school and are more qualified. It's crazy.

@Carlos-fh8wk

2 жыл бұрын

@Gerr Gerring 100 million people have died in the name of communism. In N. Korea, and Venezuela people are starving (in Korea they are eating rats). Communism/socialism hasn’t worked in the history of mankind, not once. While capitalism is imperfect, communism/socialism has always lead to starvation and death. In Cuba we tried communism/socialism and broke our country.

@Carlos-fh8wk

2 жыл бұрын

@@SomethingSomethingg everyone that works at one point is overworked, it’s part of being human. The problem is that Etsy accounts will most likely not pay a mortgage for the vast majority of people. Also getting a higher wage to lure people to work will lead to inflation because the price increase goes to the consumer, and everything cost everyone more. In the end the price increase for the job goes away because now you have to pay more for goods. Every thing has to be balanced, I’m not advocating for taking advantage of workers; simply that things are not so easy.

It's a little annoying that when I was forced to work service jobs I couldn't even afford groceries, I just ate the food I received from work, did the job of 4 people, and left with a permanent back injury. I consider myself lucky.

If you believe there is a labor shortage, you are silly. Companies learned that if you act like your short handed you can get away with staying short handed. Covid helped them realize they can stay open with 50 to 75% staffing, less overtime, and more profit. Just as long as they are hiring all the time.

@malikaoubilla

Жыл бұрын

How does hiring all the time increase their profit? It seems counter intuitive because if the turnover is high, they'd have so many "job-specific untrained employees"

@teresaharris-travelbybooks5564

Жыл бұрын

That's exactly what is happening where I work. Every time I complain about being overworked and over scheduled, I get told that " we're hiring." I've been hearing that for ten months.

@boethjelle8769

Жыл бұрын

@@malikaoubilla if you fire everyone who wants a higher wage and keep hiring 15 year olds who sadly dont know any better than to accept slave wages, you can save a ton of money

2019: *Hard to find an entry level job due to lack of experience* 2020: *People leave their jobs due to COVID-19 but can't capitalize on it since I **_still_** "lack" enough experience* 2021: *Despite the new hiring surge, I'm still getting stonewalled and ghosted by companies despite having enough, relevant experience* From my perspective, nothing's really changed here.

@geoffstrickler

2 жыл бұрын

Exactly the opposite problem for me. I’m very experienced, highly skilled, and haven’t gotten a single interview in more than 6 months of applying. I’m “senior level” skills, but companies rarely hire senior level people in my field from outside, they promote from within, or might hire from outside when that person already has a working relationship with the company, or one of the people in that dept. then, won’t consider you for a mid-level or lower position, because you’re too experienced and they are afraid you’ll leave as soon as a better offer shows up. It’s easier for someone with 3-5 yrs experience person to get a job than one with 25+ years.

@The_Sphinx-22

2 жыл бұрын

@@geoffstrickler you make a very good point. I'm sorry that's happening to you

@theclingyfox7899

2 жыл бұрын

@@geoffstrickler Networking is probably more valuable of a skill any almost any other skill on the planet. All it takes is one recommendation and you can hop from a nameless applicant amoung 100s of others to first priority.

@elizabethosborne9059

2 жыл бұрын

Fr. I've been trying to break into the psychology field and in my city COMARE Crisis Center has a huge shortage yet I didn't get hired for an entry level position ;_;. At least I was able to get a job recently as a direct support professional.

@fantasyfiction101

2 жыл бұрын

Ditto, I’ve been looking for three years and so far COVID just proves it

When leadership in corporations and business give themselves billions of dollars in bonuses and pay raises, that's just business. Yet somehow when minimum wage workers want a pay raise to 15 USD an hour suddenly it's a crisis.

@fajaradi1223

2 жыл бұрын

Not surprising at all

@toffheee

2 жыл бұрын

@Rusto maybe go to community college at least?

@economicus499

2 жыл бұрын

This is a fair thing to be angry about and I agree that level of inequality is wrong but its important to recognize that its not the leaders of corporations themselves but the shareholders and board that vote to pay their CEO more money to keep them around. If you hold shares of Tesla you want Elon Musk to focus on Tesla and not SpaceX so you vote to throw more company stock at him to make sure he focuses on your company. So billionaires are a supply and demand issue more so than the issue of human greed so that means it probably has a fix

@harrycooper5231

2 жыл бұрын

@@economicus499 Funny how its considered vital to pay more money to get the best when corporations are concerned, but when it's public education, suddenly paying more doesn't work.

@davigurgel2040

2 жыл бұрын

Minimum wage doesn't mean a company is forced to pay you that amount, it means you are forbidden to work for less than that amount. Companies can fire you if minimum wage is higher than your job is worth, or they can make everyone work twice as hard to make up for them making twice the money

Funny how these kinds of videos never mention corporate greed, as though it’s not a real major part of the problem.

@glacialimpala

Жыл бұрын

Unfortunately the same drive that makes someone successful tends to make them want more and more often means at the expense of worker satisfaction. You have to have the drive and altruism combo mindset to be great.

@epicproportionsmediaproduc6697

Жыл бұрын

@@glacialimpala that’s the thing about greed, no amount is ever enough to satisfy. Not really sure that makes a person “great”.

@superstandard

Жыл бұрын

It's almost like the entire point of a business is to make money :O

@cassiebennet4262

Жыл бұрын

@@superstandard they can make plenty of my without exploiting workers.

@superstandard

Жыл бұрын

​@@cassiebennet4262 No they can't. The largest expense of running a business is employee pay. About 70% of business costs goes to employee pay/benefits. They can't just double your pay like it's nothing.

McDonalds could pay all of their store employees a fair wage and still be one of the largest corporations in the world. It's just pure greed. Theres no justifying it.

@scifirealism5943

Жыл бұрын

Try $100,000 a year. Per cashier.

@paperip1996

Жыл бұрын

I was passing through Moab, UT, at the end of December 2021, and their local McDonald's sign proudly boasted "Hiring starting at $24hr!"; out of curiosity I went through the drive through and their prices were within about ten cents of my local McDonald's in Nebraska. This pretty loudly screams at me they could always have afforded to pay a living wage and that jacking up their prices was nothing more than a threat.

@scifirealism5943

Жыл бұрын

@@paperip1996 correct

@scifirealism5943

Жыл бұрын

@@paperip1996 Would you be upset if cashiers made a $100,000 a year?

@paperip1996

Жыл бұрын

@@scifirealism5943 Why would that upset me? From a practical standpoint it might only be feasible for some of the largest corporations out there (Amazon, Walmart), but I'd lose zero sleep over them only having $800bn in annual profit instead of the $1 trillion they're used to.

“They’ll pass this cost of higher salaries on to you” As if these same companies haven’t been charging more for less or smaller products over the last few years and paying their CEOs billions of dollars.

@Ciph3rzer0

2 жыл бұрын

You really can't take anyone seriously who says something that daft. It's part of the capitalist indoctrination we all get but it's so easily proven false.

@Scriptorsilentum

2 жыл бұрын

yah. call their bluff. if they do it then do what i did with amazon in 2015: pfft. ended. (i saw one too many vids of what it's like to work for bozo bezo...)

@U.Inferno

2 жыл бұрын

I did the math one about how much more expensive McD's burgers would be to pay every single employee a living wage and it was an increase of $0.30. That was just burgers

@googleuser9383

2 жыл бұрын

I can't accept how people buy more expensive products with the label "animal-friendly-ranching" but decline to pay more for a burger when it would lead to "HUMAN-friendly-wages"

@awdrifter3394

2 жыл бұрын

Things have gotten a lot more expensive. So companies are passing the cost to consumers.

"Government wants to keep unemployment low because it's politically popular" is the most economist-y way I can think of to say "voters need jobs to get money to get food."

@ekkehard8

2 жыл бұрын

I mean, to some extent, people's well being and happiness goes against the compounding and number climbing scheme of economics on paper. It's natural for EE to value a marginal increase in growth over anything remotely hedonistic. I don't like him for it, I think it's narrow minded.

@TuesdaysArt

2 жыл бұрын

Employing people isn't the only way to make unemployment go down. If you make people feel so defeated that they don't even bother applying to jobs anymore, they don't count as unemployed because they're no longer considered part of the workforce.

@cirroc213

2 жыл бұрын

So are you saying it’s bad that people have to work to eat or is it that people have to work to hard to eat

@SherrifOfNottingham

2 жыл бұрын

@@TuesdaysArt I don't really believe in an unemployment statistic that doesn't include the homeless people nobody will hire. It's kind of sad how gaming the window and stipulations on what counts as unemployment can drop an already 10% unemployment rate to 3.5% for the sake of this video.

@MrFelblood

2 жыл бұрын

@@TuesdaysArt Also, if you give them such crappy Medicaid coverage that they are completely crippled before reaching 40, they also cease to count as workers, and become "lazy, pinko socialists."

"I'm the type of guy who values a solid day work". NO, you are the type of guy that is unsatisfied when the government pays a decent living wage (stimulus checks) but is never bothered by the enormous bailouts given to big corporations. The country is very rich but the people are poor. why?

my boss was telling me when he was younger, it was actually normal for businesses to pay you to turn up to a job interview.

@annebk4710

2 жыл бұрын

Your boss is full of it.

@smarksthespot6260

2 жыл бұрын

Sounds like a “ casting couch “ interview - suuuurely got paid right after

Workers: *get better treatment Economists: *this is gonna be bad for the economy*

@Cecilia-ky3uw

2 жыл бұрын

the economy being better doesnt necesaryly mean workers have a better time for example deflation seems good for the individual but it's bad for the economy worse than the alternative inflation

@MrFelblood

2 жыл бұрын

Economists: "This seems good now, but it might cause problems later."

@MrFelblood

2 жыл бұрын

@@Cecilia-ky3uw Deflation only seems good for individuals who have no savings or job security to speak of. Anyone advocating for regulating the economy for low unemployment and low inflation, but not eliminating poverty, has greasy palms. That's everyone in both parties, basically.

@Cecilia-ky3uw

2 жыл бұрын

@@MrFelblood there needs to be some kind of motive to work a welfare state wont work if its too big

@JM-gg8ko

2 жыл бұрын

Average hourly rate in south America is less than a dollar an hour. American arrogance will end on their salary demands. Thanks god democrats won.

Let's see, CEOs were getting pay raises as their companies were getting bailouts from the government and dumping their employees who were struggling. Now that they need those employees they're crying that no one wants to work for them. Sheesh. Obviously it's the fault of these employees who don't want to work for slave wages.

@lakeguy65616

3 жыл бұрын

The question is how are they able to not work? Are they living off their savings, or are they living off of government largesse? If they are living off of government support, the solution is to end or reduce government labor support for the pandemic

@stephenkay1104

3 жыл бұрын

@@lakeguy65616 do you mean the workers or the owners? Because...

@Cythil

3 жыл бұрын

@@lakeguy65616 Well that gets even more complex. Since some of that government support is no such thing. Naturally it depends on what country you live in and what safety nets you have. But in many countries the employ directly pays in to a safety net program, an unemployment insurance. And so there actually living off saving they themselves have help to build up. As it is now, the richer has gotten richer during the pandemic. So they are not really paying for this. At least not in the present moment. It may be that they will have to pay later on. But as of now it is everyone else that have paid. The economy is a bit all over the place with several sectors overworked while others are closed down. And we have to see where the economy lands after.

@constantineergius1626

3 жыл бұрын

It’s not slave wages it’s just not profitable to pay someone $22 to flip hamburgers because the government pays more to be unemployed than work does. Maybe just don’t have welfare?

@trillmixin6999

3 жыл бұрын

@@constantineergius1626 unemployment pay is defined by the government as the bare minimum to live. corporations that have their profits at an all time high need to pay more

Worked for a major co. Where they said, "we pay our workers just enough to live on, but not enough to where they can move on".

This entire video is an elaborate, long form of "I got mine, my ivory tower is nice, and you peasants need to work for peanuts" High labor demand is always good. If a company can't exist without paying sub living wage, they deserve to go out of business.

@Mesasie

2 жыл бұрын

That’s a lotta words for REEEEEEEEEEEEEEEEEEEE

@godleveleldritchblast5257

Жыл бұрын

His ivory tower only exists because people watch him.

When you break up from an abusive relationship, it's pretty easy to see how this would make the abuser upset.

@ultravioletpisces3666

2 жыл бұрын

👏 👏 👏 👏

@redfather5342

Жыл бұрын

Hahahah

@lowwastehighmelanin

Жыл бұрын

Perfect comment

@Octovisuals

5 ай бұрын

Maybe in first place instead of asking the companies to raise the wages even more you could ask your government to stop stealing you with taxes the most part of everything you earn and have. And while you're at it to stop being corrupt and totalitarian, and that they allow people and entrepreneurs to be free and prosper.

@animorph17

5 ай бұрын

Taxation is only theft if you don't get what you paid for. As an american, my taxes pay for a fully socialized military industrial complex and all the protection this affords. I mean sure, we could pay less taxes and then stop spending more on our military than the entire rest of the world combined. But dipshit conservatives throw a screeching ft before shitting their diapers if you ever suggest "Spend less money on guns" so that's already a non starter. Easier to deal money with the corporation than it is to deal in logic with a trump voter. @@Octovisuals

Unpopular opinion: There are too many restaurants and people should cook their own food more often

@jmanakajosh9354

3 жыл бұрын

Better economies of scale might actually make healthy food less expensive. Esp. since fast-food is already being priced out of the low-income range by the fast-food corporations. 2 birds one stone if we just made them illegal if you ask me. No more diabetes, everyone learns to cook, I pay less in FICA taxes because Boomers can't fill their beer guts and then have government subsidized statins for their retirement. Really everyone wins because everyone would be healthier.

@12ealDealOfficial

3 жыл бұрын

I agree. The roadway economy here in the States that led to all those fast food places was probably the worst thing to ever happen to American infrastructure. I'm seeing some of the rattiest, most disgusting gas stations and convenience stores in my area that didn't hold on being torn down, and I don't think anyone is sad to see them go. Also @j man, healthy food is not expensive. Fruit and vegetables have always been cheaper than microwave junk and cheeseburgers.

@VictoriousGardenosaurus

3 жыл бұрын

Agreed

@hhenrynice6843

3 жыл бұрын

People also need to grow more of there own food. One potato plant ( for example) at a time. We need front yard and patio gardens. It's just one thing we should do collectively to help save our selves.

@MrCmon113

3 жыл бұрын

@@hhenrynice6843 What a bunch of nonsense. Growing food is a hobby. You're not helping anyone. Especially not with a potato plant. It's utterly inefficient.

I love how he didn't take into consideration corporate greed.. which is the real reason increased wages falls on the consumer. Major companies can afford the overhead to pay more and still make substantial revenue. But they don't like the idea of making thousands of bucks less in their millions.

@KymaeraTech

Жыл бұрын

@eric Spencer shush

@tgcccc

Жыл бұрын

@eric Spencer and why is that the cass?

My husband who makes 40 an hour and looking for work as we speak has had job offers for people who literally think he's going to work for 20 or 25 an hour I mean it's literally laughable. They want project managers people with PMP certificates and expect to pay under $100,000. I'm pretty sure employers have just lost their minds.

@-kurogane-

Жыл бұрын

No, it's just that as a business you strive to cut down all expenses, and when you negotiate with a supplier, every party wants to get the most of it, so you have to try harder and be competitive. But when it comes down to hiring a worker for example, for one of the sides it's usually not an issue of top profit, but base existence, paying for their basic needs, so they have to offer more to get less. People will still flow in, and at some point somebody will agree to these conditions and will probably even work over time, but atleast they got a job. This is why the whole industry of entry level jobs is designed the way it offers such terrible conditions. There is no substantial skill gap, the hiring offer itself is more of an ad, people flow around like crazy, not staying long enough before leaving voluntarily. Usually these businesses have a designated trainer to work with interns, and these guys earn decent pay, because they are watching over some territory and not single office. It is easier to keep a steady flow of new people, sometimes getting behind the counter their first day, rather than paying them well, and having a loyal workforce of people willing to stay. What I wanted to say, is that businesses perpetrating that are not crazy, it is not hard to maintain, and it just works and pretty profitable. Fast-food, construction businesses, sales you name it

We're still dealing with the effects from the 2008 recession. The 2020 pandemic just exposed those cracks that people wanted to ignore.

@analyticalhabitrails9857

2 жыл бұрын

My hope is that the open wound get wider and wider and the pain the people can no longer stand it and openly yell at the top their lung out of poverty and misery!!

@Survivalist_Redo

2 жыл бұрын

@@analyticalhabitrails9857 VIVA LA RÉVOLUTION!

@adeancousland2404

2 жыл бұрын

Well actually we mostly recovered from the 2008 recession, the reason why things got so bad after 2008 and are still bad today was because the standard of living was being artificially inflated by debt at every level pre recession. Post-recession standard of living went to how it should be and the problems were very glaring. It arguably got even worse when covid hit.

@eugenmeissner9510

2 жыл бұрын

The 2008 recession was a symptom of a larger problem. The root cause of all these boom and bust cycles has been the decision to take the dollar of the gold standard by richard nixon in 1971.

@wolfrage99

2 жыл бұрын

Get ready for number 3.

I gotta say, I have always disagreed with the idea that servers get paid $3 an hour and have to hope that tips off set it. It's a fucked up system

@littlesongbird1

3 жыл бұрын

@Ms. Kitty Katt And you know what is sad? People will complain about the Wal-Mart employee using food stamps and now, "I have to pay for their food with my taxes." Don't be made at them! Be made at Warren Buffet who refuses to pay his workers a decent wage!

@NickMart1985

3 жыл бұрын

Its a great system. Best entry level job available. Dont knock it if you don't try it. Was clearing $20-$30 an hour in my early twenties.

@hegotdrip1319

2 жыл бұрын

If they do not make at least a minimum wage through tips then the employer has to pay. Tipped workers usually make more than the minimum wage.

@dcg590

2 жыл бұрын

Why should anyone working at Walmart make $15 an hour? It’s unskilled labor for the most part. Min wage is min wage for a reason. It’s entry level meant for teens, first jobs and part timers, it’s not supposed to be a job to support a family on if you want more money get a skill or some education. Everyone wants stuff for nothing. Always blaming someone else for your bad decisions, in this case Walmart. It’s not up to Walmart to pay you more than you’re worth. If anyone can do a job it’s not going to pay a lot. On the other hand, if you have a skill that you had to learn, go to school for and actually sacrifice for, you will be paid more. Quit whining about min wage and get off your a** and do something about it.

@NickMart1985

2 жыл бұрын

@@dcg590 Oh Lisa, I feel so bad for you. Not because you are wrong, but because you have no idea the kinds of people you are talking too. These people are communists.

I got my first job in the early 1980's, and at that time employees had their choice of jobs. It worked in the employees favor, not the companies. Somehow they managed to change that and have been in control ever since. But the reality is that everything was fine when it worked in the employees favor and we had more control and choices. The economy was thriving. They just don't like us standing up for ourselves and taking back some power.

@scifirealism5943

Жыл бұрын

Worker solidarity is seen as intolerable. Not poverty.

I feel like this labor shortage is one of the coolest things that’s happened in America in my lifetime. I love seeing people stand up to the system. I waited tables for a decade and it was terrible then, I cannot imagine getting paid $3.50 to wait tables now during a pandemic. I know I wouldn’t want to go back to that! Especially in my rural area…people refuse to get vaccinated and wear masks and look down on you if you do. I certainly wouldn’t risk getting COVID for anything under a living wage.

@davidcooke8005

2 жыл бұрын

Where is the magical land where people don't wear masks and look down on those who do? It sounds delightful. I live near Seattle and the Covid hivemind is strong here.

@disaiaht.billings-clyde1058

2 жыл бұрын

😂😂😂😂🤣🤣🤣🤣🤣🤣 Maybe you should move elsewhere. Maybe in a plastic bubble in San Fran. Don't forget to leave your trunk open and doors unlocked🙄🙄🙄

@notright7

2 жыл бұрын

@@davidcooke8005 Try the rural south or midwest. Most people where I live, do not wear masks and covid is raging here. I live in centeral WI, and most people do not take this virus seriously. Very few wear masks, but the hospitals are still filling up. I would rather be in a place that actually does require you to wear masks. I am also from the Madison, Wi area.

@davidcooke8005

2 жыл бұрын

@@notright7 The hospitals are filling up because you fired all the folks who don't want the heart attack vaxx.

I remember when I was a teenager and lived in New Jersey, and I lived in what was often called a "bedroom community" because most people in our town worked in New York City and Philadelphia. It was also very expensive to live there. This caused a shortage of labor for fast food and retail jobs since you could not afford to live there on minimum wage. The retail and restaurant labor force basically consisted of high school and college students and older people, for the most part. This created an interesting local market. First, every store had to pay more than minimum wage just to attract and keep employees. Second, many people started their own businesses instead of worked for someone else. You had a lot of family-owned restaurants and smaller stores. That way, instead of getting paid minimum wage to make a pizza, they get their profits from the business, which is typically much better than making minimum wage for the same work. No profits siphoned off to corporations, it stayed with the owners of the small businesses. So, in practice, a labor shortage is bad for corporations that depend on cheap labor, but great for people running an owner-operator small business.

@pequenoperezoso3743

2 жыл бұрын

I love this! Nice comment.

@homijbhabha8860

2 жыл бұрын

America should have never MCdonaldised, we should have kept the family business in power.

@ScottMStolz

2 жыл бұрын

@@homijbhabha8860 I don't mind chains like McDonald's and Subway too much because most locations are franchises owned by individual owners. The bigger problem is actually mega-businesses like Walmart that come in and replace small businesses.

@FernandoMartinez-xf6ux

2 жыл бұрын

Thank you. This was enlightening.

@jamescarmody4713

2 жыл бұрын

Sounds just like my Town in the NYC Metro area. (Only it seems the best business idea a third of people can imagine is "pizzeria" 🤷

"But if wages go up, they'll pass on the cost to consumers in the form of higher prices!" Curiously, when the prices go up anyway, that doesn't get passed on to the workers. Unionize your workplaces. Fight for a higher minimum wage. Job hop when you can.

@_Circus_Clapped_

2 жыл бұрын

I already have, want to know an annoying problem that stopped me? Right to Work laws. remove them and most of the labor shortages would be solved by capable immigrants willing to put in the effort and motivation to get a solid standing within the company. I myself am one of those immigrants and yes I have tried everything, response times are so slow I literally make more money watching paint dry than waiting for a reply on wether I am approved or not

@saitama3805

2 жыл бұрын

Yeah unfortunately a corporation isn’t going to take a hit in there pocket book. I’m glad someone brought this up tho California is going to $15 an hour and after that passed everything went up crazy amount. 1 bedroom apartment $1100 a month and that’s considered low income I live by myself work full time almost never home but my electric is $50 to $70 a month. Just paid $4.16 a gallon for gas. But my wage stays the same because I make more than min wage it really sucks.

@TheBlankJoker

2 жыл бұрын

You can thank inflation for that as well. Plus there are also other deductions that can happen to just the business that often come from the government. Insurance companies also can increase operating cost which sometimes does more harm than it helps. But thanks to the government as well, some of these insurances are necessary. Our biggest problem here in States isn't just the corporations, but the blotted government, and people who think they're worth more than they actually are. And certain Unions are just as blotted as the government.

@antoinehenderson1659

2 жыл бұрын

Wouldn't job hopping destroy the influence of unions even more?

@Nalumah

2 жыл бұрын

@@saitama3805 Sounds like we need guillotines.

Even at $16 an hour the KFC I worked at was paying below what they could pay without raising prices or anything. I know because my manager literally told me about it. It’s greed, not economics.

One of the issues is prices have been going up but pay has not, a massive backlog was created and workers are just fed up working 45, 50, 55+ hours a week and still fail.

After spending several months being unemployed, I don't understand the "labor shortage" only jobs I saw in any number were manufacturing or sales jobs. Even then they pay terribly and they hardly ever contact you for a interview

@fwingebritson

3 жыл бұрын

I noticed that too. I have suspicion that they are holding out for certain employees who should clear immigration in a few months or weeks. The questionable thing is why so many kids are crossing the border? Who is waiting to hire them?

@JWLuke787

3 жыл бұрын

Oh they come to you if you have a resume on a job site. In droves

@asdfasdfasdf1218

3 жыл бұрын

Other sectors like software and data analysis are always in large demand. However, they tend to be very picky about the types of employees they'd ever hire, leaving them in perpetual shortage of employees.

@J_Dubs

3 жыл бұрын

I noticed anything with decent pay (you know where you can get a 2 bedroom apartment for 30% of your monthly gross) have no problem finding plenty of applicants.

@johnsamuel1999

3 жыл бұрын

@@J_Dubs i think the problem companies face is finding quality applicants. employers who pay well are picky and have higher standards. if they don’t find what they are looking for , then they don’t hire anyone. which causes a labor shortage

"If we increase wages they will just charge you more". Its worrying that this video never mentioned how they rich got incredibly much richer during the pandemic

@WaterZer0

3 жыл бұрын

EE *definitely* doesn't have an agenda.

@dpayne2589

3 жыл бұрын

I unload trucks for HEB, the largest privately owned grocery store in Texas. The family made out like fat rats during the pandemic!!!!!!!

@Icspiders247

2 жыл бұрын

Because the government forced all the smaller competitors to their mega corporation friends to close for a year.

@Steven9567

2 жыл бұрын

@@Chargingblock why would they be 20 each it will still go up and they would fire a person or 2

@hanavolta9785

2 жыл бұрын

@Rusto no they wouldn't. Larger companies are pulling in billions of dollars of profit every year, raising minimum wage to even $20 would be a drop in the bucket for them. Raising the prices of products would make them vulnerable to being undercut by the other large competitor's. The problem comes when dealing with small, independent business owners who would actually feel the blow.

I think all companies should do what Ben and Jerry's used to do. The 5 to 1 limiting rule for the CEOs salary. Therefore the CEO can only get a raise if everyone else does too

What happens when you treat your workers like a replaceable expense? They remember that and they know the jobs that do that. The businesses. The companies. The chains. The corporations.

The fact that unemployment pays you more than an actual job. People call these people lazy but they’re just tired of being overworked while others live in actual houses and/or private apartments smh.

@The_Sphinx-22

2 жыл бұрын

Really. Unemployment should be at most the current minimum wage and shouldn't be cozier than actually having a job. Why go out and get a job to overwork yourself while making less money when you could doing nothing and make even more. Minimum wage should be higher than unemployment so that it gives incentive to get a job. I dont blame anyone abusing it, they'd be the ones abused if they didn't lol

@myronidasvestarossa

2 жыл бұрын

So sad, that is a symptom of a larger problem

@theshanamaster

2 жыл бұрын

the people who get mad at the ones going for unemployment are the ones who choose to suffer and not use "The Meta build" in whatever it is. Adapt, overcome, its sad people are like that but i was like that once, its just common sense but itsd really sad that unemployment pay more but also sucks because thats the META for this day in age, as of right now

@brendaechols2228

2 жыл бұрын

Who grows up saying i want to be on footstamps and unemployment? No one! Except maybe a drug attic

@Jessuschavez

2 жыл бұрын

What’s wrong with living in a house or outside

The average American's wages have been stagnant for decades.

@jonathanrose829

2 жыл бұрын

This is true

@koalaunknown

2 жыл бұрын

For the sake of the argument, I will use SSA data from 1989-2019. In 1989, the average American made $18,274.38. In 2019, the average American made $50,040.95. If you adjust for inflation over those thirty years (106.2%), you see that (in 2019 dollars) the average American in 1989 made $37,677.20. The current numbers are probably an even bigger differences due to high unemployment (SSA has yet to release data post-2019). Just because the minimum wage hasn’t increased, doesn’t mean Americans aren’t making higher wages. Also, if is wasn’t made clear in this video, increasing wages isn’t necessary a good thing. It defeats the point of paying someone more if they have to spend more for goods. In fact, all you are doing is crippling the savings and investments of the middle class by causing inflation. It’s simply stupid to say “the average American’s wages have been stagnant for decades” when it takes 30 seconds to prove otherwise with a quick bit of research.

@lmpeto94

2 жыл бұрын

@@koalaunknown Take the median, then were talking. Having more millionaires is a good sign but it isnt when the rich increase their earnings far more than the poor.

@drrockkso8882

2 жыл бұрын

@@koalaunknown Your first mistake was using *average* wage, instead of *median* wage which are two completely different things. Average wages have gone up because income inequality has skyrocketed. People in the top half have seen dramatic wage increases while people in the bottom half have seen virtually none. The top half increase skews the average wage figure. Median wage is the more meaningful statistic.

I used to live in a Michigan town of about 20,000 people that had the longest nurse strike in US history. It lasted for over 2 and a half years. They weren't striking over wages, mostly benefits. The Hospital refused to negotiate, even though it had a massive construction project, and payed "Scab Nurses" (replacement nurses) twice what the striking nurses were getting payed. This caused over 40 local businesses to permintly close. The job market was already very seasonal, as the seasonal economy relied very heavily on tourism. Unfortunately the seasonal employers started to hire the Mexicans to do the landscaping work and the Jamaicans to work in the hotels and restaurants. There were no jobs left for the locals. At job interviews they didn't want to know if you had work experience or not, they just wanted to know WHO you knew, Not WHAT you knew. This was and is very frustrating. I did get a job one time, because I knew the right person, but most of the time I didn't. There were and still are, lots of houses that sat empty most of the year. About half of those owned by rich people as second vacation homes, and the other half were people affected by the Nurse strike who just moved away. The Michigan economy was already bad, but things like the Nurse strike just made things a lot worse there. I'm very glad I moved away. Thanks.

It’s more than hourly wage. It’s the 29.5 hour work week to avoid paying benefits. It’s the constantly changing schedule that makes it impossible to make plans. I made my daughter get a job at the beginning of the pandemic to “be part of the solution”, but her employer (and the customers) treated her so badly she quit.

"We're very happy that you chose to join the Amazon family. We have never had as much need for qualified drivers, and we think you can fit the bill. Your wage should reflect just how happy we are to welcome you as our newest addition. Also, just one final question and this might sound silly. How do you handle defecating in a plastic bag?"

@michaellange6598

2 жыл бұрын

"DO YOU PROVIDE C-NOTES FOR FACIAL TISSUE?"

@evilimpressario705

2 жыл бұрын

Working conditions be like*

@lajya01

2 жыл бұрын

Alexa does the interviews now due to staff shortage.

@sonicbroom8522

2 жыл бұрын

@@lajya01 Can't tell if you are joking or serious...

As someone who's been constantly looking for a new job during this pandemic, I can say with out a doubt 80% of people I've interviewed with were not being truthful with how badly they needed people. It's like before it's not that they are hiring because they need it, it's they are hiring because they want to hire cheaper labor.

@Ciph3rzer0

2 жыл бұрын

Yep. First rule of negotiating is you don't "need" whatever your haggling over. The capitalist exploiters have enjoyed an imbalanced labor market for way too long and now that there's competition, they seem to be unhappy with the reality of capitalism and free markets.

Ok. Now its November 2021 and the stimulus payments and unemployment expansions have stopped and we still have a labor shortage. What's the excuse now?

Seeing as this video is from May, I'm going to assume the person voicing over in the video, missed the multiple people that did experiments where they applied to over 60 jobs in their areas, and got maybe 1 or 2 interviews. These businesses don't want to hire more workers, because they want to keep a skeleton crew, so they can keep being greedy and making bonuses that won't go to the actual workers.

@Myria83

2 жыл бұрын

Can you tell me when I can get more information on those experiments? Thanks!

@jenniferleigh1674

2 жыл бұрын

Totally. I work uber eats and more and mroe places are running on 4-5 people when they use to have 15 workers. Its making so much sense. I think people are just quitting and these companies are banking off of it.

@destroyer-tz2mk

Жыл бұрын

@@Myria83 I think he's talking about Fox News. kzread.info/dash/bejne/e2qZma-pZcq1ZZc.html

"but if people get paid more, companies CHARGE more!" Ah yes, because they lowered everybody's rent and costs during the last few recessions. wait no, they didn't. the only time I've seen rent go down was last year, and even then landlords kept tons of places off the market to preserve "the market value".

@tc-tm1my

3 жыл бұрын

i think they're saying companies charge more to customers if they have to increase payroll. this isn't always true though. some business can charge more to customers. others will be able to lower costs on production or find ways to increase customers to make up the difference. but for restaurants, most of them raise price of food.

@Etom.

3 жыл бұрын

I’m gonna break this down real simple for you. When you raise minimum wage the employer becomes forced under law to accommodate and their bottom line goes down. If they wish to get their profit margins back to where they were before minimum wage was raised they will have to raise the price of the products to do so. It will be the consumer paying for the higher wages not the employer. Do you think employers will just accept the new wages costs and not adjust prices?

@pariss2416

3 жыл бұрын

US minimum wage hasn't been raised since 2009. Yet prices still increased since 2009?🤔

@Etom.

3 жыл бұрын

@@pariss2416 inflation still exists. Giving people more money does not solve that. Also states have their own minimum wage laws. Weak point

@manlymcstud8588

3 жыл бұрын

@@pariss2416 states set their own minimum wage, they don't need the federal gummint to do that. states raise MW often enough to keep up with the cost of living so that a single person is ostensibly able to survive, not to offer them luxuries they think they're entitled to now. there are tons of public assistance programmes, too, so i see zero validity in your argument.

The economy right now is not taking into account underemployment. People have to take jobs that are under their skill set which hurts everyone.

@10171981

3 жыл бұрын

But MANY employers want someone with EXPERIENCE in that particular field which is a MAJOR problem when you just got a degree in that particular field !

@Ballosopheraptor

3 жыл бұрын

Also don't watch this channel, it's trash, you are being miseducated maliciously, I wouldn't be surprised if this guy was actually working for some kind of neocon interest group and just posing as being just a KZreadr, his political angle is extremely obvious. This is not an objective scientific economics channel by ANY stretch of the imagination.

@maxcheese382

3 жыл бұрын

@@Ballosopheraptor I mean it’s a fair criticism to say hes not seeing all the angles but i doubt it’s purposeful misinformation most likely he just has strong opinions about these things and they come through in his videos

@jeffharris8166

3 жыл бұрын

I've always taken jobs under my skill set.

@dr.lyleevans6915

3 жыл бұрын

@@Ballosopheraptor you mean he’s not a radical commie?

Every time I watch a video from this channel, the only conclusion I come to is: rich people out of touch with society are the biggest to blame, but also have the power to make it better

i love that stock footage of the guy waking up on his couch from "the bender," wakes up looking at a drink like "wha- what have i done?" lol

When someone complains about labor shortage I tell him: "Fire your HR and hire a competent one. If it does not help, then fire yourself". There are a lot of people who are looking for a job now, but hiring process is so ridiculous, that modern companies would suffer from labor shortage even if Great Depression returns.

@jase_allen

2 жыл бұрын

In my experience, companies that have problems hiring employees have a bad work environment and/or low pay. I've been temping for the last 6 months after finally leaving my full time job over the working conditions. In my experience during this time, the companies that have a hard time filling positions have a terrible work environment and/or pay far too little for what they expect. At two companies in particular, I requested a job transfer within a week of starting. The companies that pay well and have a good working environment, don't have problems filling job openings. My current job is in this category. It's boring at times, but between the pay and the work conditions, I intend to see it though until the assignment ends.

@nodak81

2 жыл бұрын

No kidding. Some of these employers expect you to jump through hoops just to apply. God knows what they expect from people they interview.

@francismarion6400

2 жыл бұрын

Its why the Socialists are letting in 10's of millions of South Americans to take your job and your house. Equity and diversity is going to be hard for some to accept but we need to do it to prove we are not a bad country. Build Back Better.

@openyoureyes909jones6

2 жыл бұрын

Another issue that has come to light: many HR departments are slacking on the employee filtering. Instead of actually viewing resumes and applications, they are using software. Doesnt sound too bad until you see the limitations of the AI. Many businesses dont even get to see hundreds of potential employees. Also mentioned, pay your people as if you value them. When corona hit, I saw companies advertising jobs for a couple dollars LESS per hour than before. Im guessing they thought people would be desperate and take the lower pay. They keep telling us to try harder yet these lazy sumbitches are cutting their own throats. THEY can deal with the problems they create for a change.

@xodro99

2 жыл бұрын

@@jase_allen I've seen two companies myself advertised the same positions since last year and haven't been updated since. I had to laugh because you mean to tell me, you haven't found that one person since you posted the job listing 🤣

There is one huge major flaw this channel doesn't cover... How much CEO'S and other executives make by just lying and barking orders at the bottom. Like many others here have said this is not a labor shortage is a wageslave shortage

@cirv0

2 жыл бұрын

It's actually worse then that. They are financially incentivised to not only get as much work out of each employee but to also ax them when the company is having a hard time.

@kylem7708

2 жыл бұрын

Yup. Loads of folks got to stay at home and used that time to improve themselves and get a better job. Maccas can't rely on nearly as many people needing their shitty paying job to avoid homelessness and starvation. It's amazing, it's as if the feds used some of our tax money to let many working folks just go on a general labor strike for months while also improving their employability/skillset.

@Nobody-vr5nl

2 жыл бұрын

No, they get rich through tax evasion.

@handson4580

2 жыл бұрын

@@Nobody-vr5nl *laughs* you think thats the ONLY thing they do? oh please welcome to america they do ALOT more then tax evasion

@spontaneousbootay

2 жыл бұрын

@@Nobody-vr5nl only fools and suckers call it evasion. They just know how to manage their money.

As someone who has been applying it’s more than that over the last month I’ve applied for 38 “entry level” or similar type jobs and I’ve only been called for 2 interviews both offered less money than they were advertising and I’d doesn’t matter because despite multiple calls they refused to give me an answer so 🤷🏻‍♂️

Salary expenses is only one of the many expenses. If the salary expense goes up 15%, it may mean a 5% increase in prices, not 15%.

@scifirealism5943

Жыл бұрын

Correct.

Entry level jobs now require experience 😂😂

@laquade1

3 жыл бұрын

@Americannovice Twocentnovice 🤣🤣🤣🤣🤣🤣🤣🙏💕

@laquade1

3 жыл бұрын

@Americannovice Twocentnovice I hate being human.

@kervinsoncesar7895

3 жыл бұрын

Bruh how tf imma get job now im in high-school 😔

@ryandelgado213

3 жыл бұрын

@@kervinsoncesar7895 Ha, imagine not having a job by 4th grade.... couldn't relate loserrrrr (Sarcasm, for those who can't tell)

@cobaltclass.

3 жыл бұрын

@Americannovice Twocentnovice Democrats are the exact same, just better at PR and propaganda.

My 30+ denied applications, despite 10+ years of experience and higher education, says otherwise 😑

@coachtanishamarie

3 жыл бұрын

Wow

@Ninjax2000

3 жыл бұрын

Same

@Bristecom

3 жыл бұрын

Yeah, I'm not buying this "companies are desperate now" thing... There's still a ton of people applying for mediocre jobs. Something weird is going on.

@chesterogilvie1393

3 жыл бұрын

Yup more media outlets big and small spinning bullshit. The supply of jobs is not what corporations are crying about. Pandemic clearly is over and everything is back to normal.. oh hey another moron snapped and shot up their work place.. ahhh USA were #1

@casual1016

3 жыл бұрын

@@chesterogilvie1393 Tell that to people in India. Their cases dropped but they still get a worrying amount. Brazil has lots of cases too.

Labor costs and worker satisfaction should imho be one of the focus points of every company. Your employees are the ones doing the actual work and you should be nice to them for that reason (also because that's what decent human beings should do). I am still surprised how that is apparently such a strange concept to many businesses.

@mariolis

Жыл бұрын

go open a company and make it the focus of yours

Recently in the US, there was never a lack of work problem. Well before the virus, there were major staffing problems at retail stores, trucking companies, and restaurants. All the virus did was make the problem worse as many of the people who work in those terrible industries finally had the opportunity to walk away and get some unemployment pay. Now, many of those people who walked away are trying everything they can to avoid going back until employers make a significant change to the way they treat their employees.

Y'all remember in the 50's when one job could support a whole family? Yeah, me neither.

@davidman59

2 жыл бұрын

Actually it was still in the 60's . The 70's started turning to a 2 wage households. Was born in late 50's so I hear you on the 50's. Seems after the 60's family's started to fall apart.

@davidman59

2 жыл бұрын

@dictatorofneptune I grew up with the same family, brothers, sisters, mother, and father. My dad was a single household income earner on a auto mechanics wage up until the mid 70's, then my mom worked part time. Six kids and we were all living life. Can't figure how my parents did this. Truly amazed.

@ferdburful6352

2 жыл бұрын

My Dad worked, Mom stayed at home running the household. Seven kids. Upper middle class. Yes, one income in the fifties, sixties, seventies was plenty.

@itsoldtyde

2 жыл бұрын

@@davidman59 In the Salt Lake city area in Utah, during the 60s and 70s/80s my grandmother worked multiple jobs, and her husband a tradesmen, electrician with a family run business. The family was broken, siblings raising each other, severely abusive bordline homicidal drunk husband with a look the other way type mother and grandmother on the father's side.. All that so they could barely afford to live. My mom ran off at 12 and made it, some how.

@doublezero2001

2 жыл бұрын

That’s when America had industry, and manufacturing. Those jobs tend to pay more. Then the NAFTA got rid of most of them. So now we only have limited, living-wage employment

Weird how economists only care about poor/unemployed people when the working class is gaining power. Where was all this energy during corporate bailouts?

@tiffanyh629

2 жыл бұрын

It might be my optimism talking but I don't think that's the case. Economists are supposed to see and study the trends of the economy so they would have to look at and associate all the classes, which is why one of the studies of unemployment vs inflation exists. But during times of booming business, economists who promote the working class are often silenced by popular opinion, media or big businesses. The US's mentality has always been "Well, if we don't need to worry about, why worry?" and that silences good and progressive ideas until it's too late. Thus, our situation today.

@catdogmousecheese

2 жыл бұрын

What happened to that "Occupy Wall St., We are the 99%" movement that was so popular back in 2000's?

@Baconmonster723

2 жыл бұрын

You're absolutely right.. We should oust all of the political actors that provide corporate welfare and allow a proper free market system to flourish. This would in turn raise working conditions and wages for all employees employees as large corporations would have to play on an even playing ground and not be given huge subsidies by the Gov't. This would greatly benefit workers if the Gov't was told to shove off and leave the economy alone aside from basic protection for workers and the environment. Leading to a massive scaling back of the federal Gov't's administrative state. Leading to far more equitable exchanges between labor and employer.

@greatsageequaltoheaven8115

2 жыл бұрын

@Shane Nothing with LGBT+ the Conservatives love racism on the other hand Jim Crow Lynchings, rural Conservatives are the culprits as usual.

@patriciaglass9779

2 жыл бұрын

IF A CORPORATION CAN'T MAKE IT THEY SHOULD FAIL. I AM TIRED OF CORPORATE BAIL OUTS ( THEFT IN MY EYES ).

I love how this happened even since, yet it just exposed now. I think when company asked for bachelor's degree, 100 years of experience, and pay minimum wage, they meant it. They wanna earn more profit with little pay to their employees. My father and I still have some struggle to pay monthly rental apartment, while these corporate fatass CEOs have over a billion dollars and they have no idea what to buy. They could buy 1000 cars or houses for all I care, and I bet even those won't satisfy them, no matter what.

"... it means that people don't have to work 80 hours a week in a coal mine or deal with environments that will impact their long term health." *cries in Ironworker*

All my friends and family that still have jobs have told me the same thing with different words: Almost no companies are actually willing to hire despite saying otherwise. Within business it's all about making way fewer and older employees do more work for the same pay.

@arrtwo1375

2 жыл бұрын

I used to work for Chickfila and this is exactly what went down. The admins at my store refused to promote internally so the team leads and trainers started leaving especially once stimmies and unemployment started coming out. The admins never hired replacements so more work fell on us newer and inexperienced people. Since we were working more hours and had fewer hands, we asked for raises but the admins refused. So more people started quitting and the feedback cycle continued. Now the store closes at like 8:30 pm and still doesn’t have dining room service. You would think smart business people would see the issue quickly and respond to it but I guess the owner/operator wanted his third house more than he wanted a successful location. We should have contacted corporate but thankfully I don’t work there anymore.

@bob7975

2 жыл бұрын

It's just performative complaining. They aren't hiring because they're trying to force people back into the pre-epidemic boxes.

@xerxeskingofking

2 жыл бұрын

@@arrtwo1375 its because the local manager's get judged on a local level, and things like reducing their labour costs looks good for them personally, even if it wasn't a sound move for the wider corporation, and any performance impacts are hidden because of the effects of These Uncertain Times, so its even more attractive than normally.

@stephenmisener1659

2 жыл бұрын

Thats what people dont get. Companies and really people as a whole will always try to save as much as possible and earn as much as possible. If a company get get away with not paying you fairly AND they can increase their prices, they will do it no question. Its all about money thats ALL its about.

@Beenevolence

Жыл бұрын

exactly, I tried looking for an entry level job this summer as I am still in school and I applied at several places around were I live but I was never hired despite doing my best.

yet when I apply for a job and get my hopes up I get either ghosted or told we found someone else

@StudioBrock1337

3 жыл бұрын

@Maintenance Renegade Pretty much. Some businesses in Canada actually abuse this. We have a program where if you prove you can't get a Canadian to do the job the government will help you bring in a temporary worker from abroad. So what you do is post a position for a stupidly low wage and then demand someone with an unrealistic amount of experience. My favorite is how every entry level job is requiring 1-5 years experience. So obviously after a few months of not finding your unicorn you approach the government, wait a few more months, and bam you've got your super cheap employee and the government paid to bring them in. Seeing as corporate taxes barely make up a tenth of government revenue too you also essentially got the people who you refused to hire to pay for the whole thing.

@dark12ain

3 жыл бұрын

Right

@Dudanation12

3 жыл бұрын

Funny, as an employer we get ghosted on our interviews all the time. Seems like humans in general are dicks, eh?

@FastlaneProductions1

3 жыл бұрын

@@Dudanation12 my observation is that blue collar work is desparate right now but white collar is extremely saturated. Every blue collar or service job I apply to requests and interview same day. On Indeed I am seeing that 300-400 people apply for white collar work. The problem is that blue collar pay won't cover the bills for people with white collar loans.

@johniii8147

3 жыл бұрын

@@Dudanation12 Yeah we run into that too definitely trying to hire half of people just ghost you or have no idea what they were applying for

Corporations for years have told their workers when the economy is down that they need to make cuts to survive, and when the economy is up that they need to keep things tight because the budget was blown on investing in the business. Either way, the workers get the short end of the stick, but the business gets to make their 8% and the CEOs never stop raking in the bonuses. The second the wages go up, costs go up, so prices go up because businesses still need to always make their 8%. Record profits can come in the door, but business will still claim hardship and raise rates. This is a class mentality problem. This is a sickness with greed. The solution is strong labor unions to control profits relative to wages, and so we don’t get runaway profits leading to more buyouts and shrinking competition with oligopolies commonplace like we do now. The unions will reign in on profits, acting as an antitrust tool.

Also what no one is talking about is the fact that companies have started raising prices on items that aren’t even being affected by COVID. Large corporations not paying their fair share in taxes and worse the fact the SOBs constantly trying to highlight employees that want better pay as spoiled brats or none essential workers.

In other words, "no, you can't have a descent salary or even a job, it's bad for the economy"

5 years in my field. A degree. A portfolio. hundreds of my apps have been ignored, overqualified, underqualified, or over hundreds of applicants for 1 job opening. 3 design jobs through the pandemic. these companies should have been mandated to hire BACK employees they laid off. Lots of jobs in retail and fast food, doesn't help us with rent, car payments, and student loans.

@jaycool9480

2 жыл бұрын

Not what u know but who you know. Name of the game of life. Nobody got to where they are all by themselves, everyone successful had a lil help.

@MasterGhostf

2 жыл бұрын

@@jaycool9480 Its why we need labor unions to give employees and workers better representation and more power.

@jaycool9480

2 жыл бұрын

@@MasterGhostf true but this is on the lower end of the job spectrum, non skilled labor. It'll be too expensive to do imagine hs/college kids becoming part of a union when they're about to leave the job when they graduate.

@RichieAlton

2 жыл бұрын

@Damian Kyle I was 17

@jonathanrose829

2 жыл бұрын

Just make it work, That is what the people with the billons always say

This needs a part 2 seeing that we're still observing issues as unemployment is falling along with shady position to interview incongruity.