And definitely fix the federal reserve. When silver was in our coins a $1.25 in 1930s and that today is ~$17. But they took precious metals out of the money and decreased its value.
jack jon funny part to that is some of the materials they put in coins are now worth more than the coin itself... last president that tried to do what you just stated was jfk, and we all know what happened to him. every president that attempts bringing down the federal reserve and kill the banks faces consequences.
Kiosks are not a consequence of minimum wage, they are product of more convenient, cheaper and and better technology availability. this change was going to happen even if min wage was $3/hr.
+feilila1227 No it doesn't. Making minimum wage higher has no effect on speed of innovation. Businesses will automate as soon as possible as long as it saves them money. And currently a kiosk will save TONS of money. He said in video $1500 kiosk? That is cheaper than minimum wage 30 years ago.
+Curtis Smale Minimum wage does not speed innovation, but innovation is not the issue right now. We have the technology for these kiosks, and we have had this technology for a while. The thing that prevents the switch is that companies do not yet think that the tech is cheaper than the person. Every year the price of the technology gets cheaper. Once the tech is cheaper, the person will be fired. Raise the price of people, and the switch comes early.
Michael Andersen They already DO think the technology is cheaper. The problem is user friendly interfaces. While we have TONS of tech already, making something interactive that everyone understands is another issue altogether. I've worked quite extensively with these sorts of machines and can assure you that people over 40-50 years old will have MASSIVE trouble with the tech as it is. And since that age group is making the most money and spending on their kids/grandkids, they need to be catered to. Right now kiosks need to find a way to be more user friendly (LOTS of error control) and more understandable to all people. You wouldn't want to lose an entire age group of patrons just because they couldn't figure out how to operate your menu screen.
Curtis Smale been using kiosks and can't agree more. Just this morning when I did order on Mcdonalds kiosk, one of the lady at the age group you mentioned went to the counter to pay simply because she had no idea how to use the tech.
Yeah his argument here was retarded. Cashiers are $23,000/yr cost but Kiosks are $1,500. He blames people trying to increase minimum wage for McDonald's going that route?? Bitch, they'd go that way regardless of they're saving $20,000/yr PER KIOSK. Minimum wage debate had literally no influence there. Fuckin straw mans.
@@hadezmage How low do wages need to be to not be replaced by robots? If there isn't enough hours in a week to earn enough to survive, is it worth doing the job?
+SteelandSouls15 True. If people can only afford to go to big corporations; there's no way small businesses can survive long term; hence why they should raise the minimum wage.
Jay Ray That's under the presumption that small businesses cost more than the corporate counter parts and that's also working under the presumption that the corporate entities that you see like The UPS Store and Dunkin Donuts are truly corporate and not the individual entities that they truly are.
Great video sir! Not only would a higher minimum wage negatively effect millions of Americans but It would also help giant government subsidized corporations like Walmart and McDonalds kill off smaller competitors. Interventionism, namely price controls are bad no matter how you Implement them.
You're both only partially right on your statements. Inflation is created by more money being facilitated in the economy. Obviously if you print more money, that creates inflation. That doesn't mean it's the only way. If more people have more money, that creates inflation as well. Ex: Let's say in an alternative world that the wealthiest people in the US distribute ALL their money to the rest of the population and EVERYONE in the country now has a million dollars (arbitrary number) in their bank account. With more people having more money in their pockets, businesses (especially those who sell normal goods) have an incentive to increase their prices because there is more demand in the market. Thus, at least in short term, the prices get inflated.
+Market Socialist no short term impact. MW raises cause inflation. We also know that people don't get raises in conjunction with a MW hike. So if you make $15 an hour and it gets raised to $15, you now make MW. Please don't shoot up immediately and we see that in your 64 studies, but the do over time. In the 1960s only 2% of the workforce was MW and now it is 4%. So all we have done is inflate everything and out more people at the bottom. hummm seems like a great idea.
Now that I have insulted you, I will respond. First, you said,"Higher wages also permit the possibility of increased consumer spending:" How? Is there additional money in the economy? If so, where did it come from?
So this guy believes raising the minimum wage is the cause of automation? He just said it costs $1,500 for kiosks to replace a $23,000 salary. It's going to happen either way. The point of raising the minimum wage is to create a livable wage. Replace jobs with computers, fine. That's unavoidable. New jobs will be created. That's also unavoidable. There's a reason sweatshops aren't legal in America. Because they're not humane. Yes, become qualified and find a better job that pays more. That's what everyone is trying to do. Nobody works at Walmart because they want to get rich. They still need to survive. This guy thinks he just broke the internet with his speech. That was not impressive in the slightest.
Valuetainment also increassing the minimum wage will make it so that middle class and the poor have more money making the demand higher so buissnes wont have to raise prices and pls stop with automation and firing argument automation will happen anyway and as for firing people well most buissnes operate with as little employes as they can anyway no one employes more people than they need to anyway so no they wont be able to fire people
Valuetainment And while the original comment is true and your advice about getting off the minimum wage is good there will always be minimum wages jobs and it should be mandated by law that states make that wage liveable(that amount of money can be different from state to state) bcs right now minimum wage isnt a living wage and thats just immoral
@@petarjovovic308 it doesn't matter how long you work, or how hard you work. If you create value to society, you're gonna get paid. And the middle class doesn't earn the minimum wage. If they do, they aren't part of the middle class,but poor.
I have lived in California for 6 years. The minimum wage is $10.50 hr and will be raised to $15 hr. Companies are turning full time jobs to part time. When I shop places sometimes I have to wait a long time for someone to ring me up due to lack of workers. I now check to see how long lines are before I shop. I prefer using kiosks because those lines are short. I have a college degree but I had to take a job that requires a certificate to find work. At my first job, I never had enough hours to qualify for health insurance and I asked to be transferred. At my current job, I currently get health insurance, but my company may cut my hours again to make a profit. If I were to get 40 hours per week, I would make $11.50 per hour. California is NOT a liberal paradise. Raising minimum wage has been a disaster.
this video implies companies are only getting kiosks if the minimum wage is raised. automation is going to happen and is happening regardless of raising the wage. raising the minimum wage is a separate topic. your advice about becoming an expert is totally on point but has nothing to do with raising the minimum wage. becoming an expert at something gets you away from a minimum wage job but there will always be minimum wage jobs. should that minimum wage job pay a livebale wage? thats the question. not if automation is happening why its happening. basically your solution to the livable wage issue is "dont like making minimum wage? get a better paying job" yea thats not a solution sorry brah
+dunk88 His point, I believe, is that raising the minimum wage will accelerate the process at which jobs become automated, which is a totally legitimate point.
+Dean Harris "should the minimum wage be raised? no because something thats going to happen might happen before it was gonna happen." youre solving nothing by using this as an argument. there will eventually be automation of every thing that can be automated but there will always be minimum wage workers. try to stay on topic ok
+dunk88 Yep, you're right. I work in software and my job is to create these systems that reduce man hours. Companies don't come to me to automate because they are worried about a rise in the minimum wage. They want to reduce costs as well as dealing with legal and HR issues they already have. And raising the minimum wage will not accelerate their efforts - they are already going as fast as they can. Raising the minimum wage will not impact technology replacing workers. But it is a humane thing to do. Stop treating the poor as one step up from slave labor.
+Aaron Bono I'm about to major in computer engineering in college, and i'v studied the job's jurisdiction quite well. I concur that they're hitting the accelerate button regardless of what is done, forgetting that the current speed it is being done is capped already. A lot of people don't understand that with it, a lot of the jobs may be leaving the big franchises and going to small businesses. Some people are just superficial like that but within reason.
+dunk88 True, but raising the minimum wage will make automation happen faster by widening the pay gap between employees and the computers that replace them. The key problem is that what people are trying to do by raising the minimum wage is impossible. As I understand it, before the industrial revolution, you simply had to become a tradesman to support a family. If you weren't you might even struggle to support yourself. This changed, with many busy hands wanted for the assembly line. However, this was an era, not a permanent change. I say we're already back to the pre-industrial scenario. You just can't make it without valued skills, and nothing the government does can really change that.
Almost all companies look to cut costs and increase profit margins. They don't decided to automate because of wage increases. It give the company a competitive edge. Besides, when companies automate it creates more techno jobs.
+Faddn Automation occurs when the market value of its implementation is less than the value of an employee, if you artificially increase the value of employment above the market value then automation that was previously unprofitable, becomes profitable.
It is a result of raising minimum wage. Because the timetable is moved forward. If the business was going to be automated in 5 years. And their is a double of minimum wage. The time table would have to be moved at least 2.5 years sooner than first planned.
We own restaurants. We just put in a kiosk. All costs rise so we always need efficiencies. The misguided blunt instrument that is minimum wage hikes accelerate our adoption of technology. Our servers already make $60-70k a year with tips on top of minimum wage. Our cooks already make over $15 per hour, but minimum wage makes us pay the highest paid servers even more. So we won’t have anyone to make the food or we’ll pay cooks $20 now, meaning the effect of minimum wage is doubled. All consumers will suffer. Our whole supply chain from the farmers in the field to the delivery driver will make more, and who pays? You. & small businesses go under because no one wants to pay $25 for lunch.
itchy scratchy That's another reason why they are going to automation. If fast food owners have to pay people a "union wage," which BTW, can be upto DOUBLE the minimum wage, do you think they want workers spitting in another person's food?
I have never been nervous about anyone replacing me ever. I am a heavy equipment mechanic, I started in on my trade at age 17 I am 33 years old. NO ONE can replace me.
Very well said. However, it seems to me that we will replace these people even if minimum wage is not raised. If minimum wage is $7 an hour, that still is way more costly than these $2,000 kiosks. I think what also needs to be argued is the fact that a $15 minimum wage will discourage high school students to go to college. I recall some of my friends thinking they were on top of the world making slightly more than minimum wage, skipping college, and hoping that they would be a manager one day. Most of them are still stuck in some low paying restaurant or retail industry. A higher minimum wage in my mind, would simply hinder the drive or motive to move to a career. And no, you should not be raising a family or even one child on minimum wage. Shame on you if you are doing that, and do not blame the economic system.
Omar 2396 i disagree...there were people working at the mall after HS in my town that were convinced college was a waste of time because they were on the way to the top
+Barkeroni I forget to mention that, well there will be some people that say it is a waste of time which I actually do agree if not knowing what to study for. I never went to college and I'm happy.
There are good jobs that don't require a college degree. They require being a tradesman/woman or other training, but people need to remember there are other options. Plumber, electrician and lots of other trades like he mentioned in the video. There are lots of ways to become an expert.
+Brandon McKee it doesnt open eyes, sorry. Businessman will adopt this system whatever or not the minimum wage raises. Its up to the country/president to increase TAX for who makes BIG money but offers no jobs, thats how it should work.
so these companies are going to make that much more money and put it in banks in different countries, I think we should tax the shit out of these kiosks!
This argument kinda seemed misleading. Automation is an inevitable occurrence when businesses compete, the use of automating the workplace gives a competitive advantage for the reasons he already listed. Even if minimum wage was the same companies would still automate.
You're right but it's about what percentage of their business will lead to automation. As well as the speed of the transition. The key message to this video isn't minimum wage, instead it's to encourage people to become an expert in a skill so they don't have to be tied to the decision of a large corporation. Thanks for sharing your thoughts.
That's missing the point. The kiosks are just a visual representation of the actions businesses take to respond to the minimum wage increasing. It's easier to think of a practical, everyday example of reactionary forces instead of having numbers vomited out.
The business owner should be left to pay employees what they want and let the people choose for whom, and for how much, they will work. Let's get government out of our business!
I tell everyone..Get work in policing, private security or emergency services. If /when in a few years we see record unemployment from automation and downsizings. Demand for those services will skyrocket in order to deal with the chaos and havoc from a large pissed off unemployable population.
It should depend on the state. 15$ an hour as a single person in New York is NOTHING. The average rent is like 1500 for a studio. Of course in South Carolina where the average rent is about 600$ they should have a lower minimum wage. Nothing is black and white.
so.....customer service is not a skill? great video here. a kiosk can't fix your order if there's a problem. A kiosk can't listen to you or talk about your day and a kiosk can't clean your table if it's dirty. yep customer service is not a skill. Not everyone can deal snobs everyday that think you are replaceable by a machine.
AlecTiengerd Why do people like you use mcdonalds as the prime example of your whole argument, like the minimum wage jobs start and end there and only there. You know why mcdonalds is loosing money in this economy and considering auto-mation? because it's food and Customer service sucks. This market is being taken over by fast-casual places like Dos coyotes, Chipotle, chick-fil-a and etc where lines reach out the fucking door during lunch time. And those customers go there because they top quality service and food, not auto-mation. I work at Chick-fil-a, where are entire design is based around providing you the best experience and food, hell we have entire POSITION in our stores called second mile where the person's only Job is to greet guests that walk in, wander around the dining room chatting with people, getting them refills and seeing if they need anything. Another postion called Runner that ONLY delivers food to guests. Places like ours is taking over and the normal fast food joints are shitting scared, there loosing money and considering auto-mation. But guess what, my position DOES take skill, it's hammered into us All the time by the company and we even go on retreat meetings to talk about it. customer service is a big thing in fast casual that it cant be automated. But I still get minimum wage, shouldn't I be allowed a livable minimum and paid fairly for the skills I'm taught everyday?
James Ford First of all, I said McDonalds doesn't take skill. I see why you work minimum wage and there's a difference to flipping burgers and talking to people. One is a mindless activity and the other is a social skill. and the reason why there isn't a line going out McDonalds door is because people don't like eating there for the food. If you think the reason why McDonalds is loosing money (which is only .7% of sales) is because their food is shit not their customer service.
AlecTiengerd Wow you just agreed with my entire argument while trying to argue with me. Apparently you didn't read my wall of text? and then made yourself look like a dumbass. apparently someone who works in fast-food is smarter then you? ironic huh?
Maybe I'm just playing semantics but can't and shouldn't are different things. They CAN raise their prices arbitrarily but they shouldn't since it's a poor business decision but this is also under the implication that place elsewhere don't raise their prices.
+Ken Mills A nation-wide minimum wage increase would result in a blanket increase in prices everywhere in the US that relies on a disproportionate working-class workforce, although smaller businesses would theoretical set higher prices does to their lack of economies-of-scale. That or file for bankruptcy if they predict they can't break even.
+Ken Mills EDIT; I just learned now that there is no flat-line minimum wage across all US states. I'm not to versed on US economics, I'm not from the US lol.
Sorry, I know this is super old but I want to chime in. 3:30 McD has never hired dedicated cashiers. An employee is usually running register and running food. So all that would happen is the job would be more focused on making the order and getting it out.
Well I'm a truck driver / diesel mechanic, fortunately automated trucks won't be coming anytime and I'd like to see one navigate in the log yard I go into every day. But someday I'm sure there'll be technology to replace my job
Minimum wage(MW) should be abolished, completely. It's not about working per/hour, it's about being paid on performance. You'll be more productive with far less effort, struggle, and time. Instead of working a fixed 40 hours of week, you could be working 10 hours a week and get paid atleast the same as 40 hours. MW is an abomination.
I live on minimum wage. in order to survive I strave a few days out of a month. I keep bags of dirty clothes piled in the house until I have enough to wash. I bought a hat to cover my hair so I don't have to get a hair cut as often. I sometimes go without toilet paper, tooth paste, tooth brushes, and cleaning supplies. rent and bills are paid. no money saved for the college I'm attending or the car that could break down any moment.
What the general public fails to understand is that increasing the minimum wage would only lead to the increase in consumer goods. This isn't a good plan for anyone, other that our foreign competitors, who want to see the value of the American dollar decrease. Raise minimum wage and you'll simply see the cost of every day goods increase to bridge the gap. A $7.25 McDonald's value meal will increase to $15.00, hence completely defeating the purpose of the increase...
Sooo raising the minimum wage results in the loss of "order taking jobs" and the creation of "expert" jobs (e.g. Kiosk program and repair). I'm okay with that.
Fascinating this is where you hit. Single camera not stationary. What have you figured out. It’s wild seeing you dress so casual. But your presence is hitting, topic wholly hit it on head with kiosks. Going back deeper also looking for the investment point where set hit with the suit. Rule one consistent, persistent with incremental improvements. #salute
The advice at the end is good, but you cant blame minimum wage for kiosks and machines taking the place of people. That is going to happen as long as machines are cheaper than people.
Advice at the end seems like a recipe for self-deception. Like people who didn't learn any skill by 45 can overnight learn something and become irreplaceable. No they can't. Skill that anyone can learn is not really a skill that makes you irreplaceable. Those who follow this advice will soon find themselves in a position when they compete for a tiny number of jobs with enormous hordes of other low-skilled people who decided to learn the same skill.
Not learning a skill by 45 isn't self-deception, it's a self-choice made what, 30 to 35 years ago? Go back to school, like we are. You can't blame anyone because the younger generations have the upper hand. Those who follow this advice are "low-skilled people"? That's precisely contradictory to the very advice itself -- to become an expert. An expert is not a low-skilled people, and why do you assume that there is a "tiny number of jobs"? It depends entirely on the field and that statement is purely subjective. As he said, experts will [almost] always be hired.
Why do people think corporations have zero rights? Where does the government get the authority to dictate wages? Do you really want the same entity that is trillions in debt making fiscal decisions for separate entities?
+Zach Myers How low would wages be if we didn't have a minimum spec? Say if neither state or national government had a say in it, you think people would be paid appropriately based on their skill or type of job or even risk factor?
I would speculate that a person's wage, without state or national interference, would be determined by a variety of factors including the ones you mentioned. Whether the pay is appropriate is a matter between the employer and employee.
+Lotte if you aren't willing to work at $7 an hour I'm sure their is a high school kid that will that's the point. The whole point is capitalism is competition. If my employer doesn't pay me what I'm worth then another employer will poach me. A lot of businesses are already paying more than the minimum wage. I got a job working $.25 over minimum wage because the employer wanted me to work their and not leave for another business.
Kiosks don't cook the burgers. Raising minimum wage will allow people to buy more burgers. Most food service and retail already run on skeleton crews to maximize profits. Also, you said it yourself that these companies are already doing this. Retail and food service places fiercely compete with each other and you're exaggerating the increase in prices. They will make more money from the profits they make when people start spending like crazy with there increase in pay. Everyone's wages will go up as well. Why go through the extra training to be a kiosk repairman when I can flip burgers for the same pay.
If a 28k or 35k a year job can be replaced by a 1.5k kiosk a 10k of 5k a year job can be replaced just as easily. The automation of jobs will occur regardless of the minimum wage hike with this thinking. Our technical abilities as a society need to increase in order to survive this particular trend.
Let's say it is inevitable that automation will occur and you have a sound argument with it. However increasing minimum wage will only speed up the process or transitioning into the automation realm.
Plus you have people that will instal the kiosks, install the latest software, upgrade parts, fix broken or damaged kiosks. So it isn't getting rid of all the jobs just replacing the lowest skilled jobs. Plus their can be an argument that automation isn't inevitable with customer interaction of places want a friendly interaction with customers and employees.
The sooner we face the reality of the future job market the sooner we can recover. Most of America is employed in jobs that are easily replaced. We need to focus on making people knowledgeable and capable with new technology, math and science. Consider manufacturing jobs from Apple computers. Currently they employ thousands of workers in China. If apple were to invest in American operations they would not be able to employ so many and would likely rely on automation with maybe hundreds if American jobs that pay considerably better than their current Chinese operations.
Increasing minimum wages to $15 per hour can work for small businesses, if the government will be willing to pay the difference that's needed to reach $15/per hour. (example: Bob makes $7.50 per hour but his employer can't afford to pay $15, the government can pay and extra $7.50 to Bob as long as he remains employed.) This will prevent Bob from losing his job and filing unemployment and help the small business.
Thank you for your knowledge and for all the valuable information you shared in this video. Does anyone know the name of this speaker so i can watch more of his videos?
I understand where the workers are coming from but it just shocks me that people don't understand the price of everything will go up. And the fact that companies have to adjust, meaning they will get robots as well as let workers go. I am just so mesmerized by the fact that people feel that this is the solution. Basic Economics? And yes I may be biased because I never had to go through the difficulties these people have to go through, but while it may temporarily make the workers lives "better" it will hurt families like mine, as well as the workers' families as well. So i just don't understand, why? We are just supposed to let blue collars workers have higher pay while them not knowing the full consequence of what they want, and them not listening to white collar workers trying to explain to them its just too fast too quick, because they are driven by emotion and anger rather than the holistic picture? I am so beanboozled ahahahhaha.
Whether salary or a minimum wage job work is work to support yourself PERIOD. We're not China or Mexico and these petty companies forget that the workers are ALSO customers too.
It doesn't really matter what happens. Eventually, jobs will be replaced with automation regardless of minimum wages. Just a question, what would stop companies from lowering wages and creating competition among employees for lower and lower wages if there was no minimum wage? Unionization doesn't seem like it could really combat it, I mean the company could just say no, fire everyone and people would be crawling back for their jobs because they need it and the companies could give them even lower wages. Maybe I have watched one too many anti-corporation movies but sometimes it seems like giant companies care more about profits than their employees.
THIS is why government needs to pass legislation, and they can because of the Commerce Clause, that corporations CAN’T raise prices to the point that will obliterate $15.00-$20.00 raises!!!! They ALSO can’t cut benefits of ANY kind!!!!
They would have to raise prices because if wages increase the demand on their products will. This is called "supply and demand" which is how prices are set. If they do not raise the prices we will run into a shortage because people will just be buying more than they need so others won't have.
***** He used reason, he was articulate, and he didn't just point out the problem, he provided us a solution for whether they raise the minimum wage or not.
If there's a hike to $15, then there needs to be raises across the board. The person who has already worked to $15 should get the same raise as the person making $7.25. That would be fair. That's exactly the type of fairness advocates are asking for. It just wouldn't help them. It would just further devalue the dollar.
You know what's going to happen when you and I go to McDonalds? Here's what's going to happen when I go to McDonalds... Trick question I don't eat the shit they serve at McDonalds I'll be cooking at home
he not taking into account the devaluation of the dollar a dollar is not the same from 10 years ago but employers are still paying employees the same amount that's is the focal point of the $15 movement here
Raising the minimum wage will drive up prices of goods because they cost more to prepare, deliver, etc. Rising costs of goods will cause inflation, then $15 will be worth what $7 is now and everyone's savings will only be worth half. Sounds like a great idea! The problem is inflation, not the arbitrary number assigned to minimum wage. This battle will come up every few years if we keep raising and raising to adjust for inflation caused by the last raise. The solution is to end inflation by making our dollar worth something again; which is most easily done by returning to a gold standard
+21boxhead in 1964 I believe minimum wage was $1.25 with silver in the coins. With the silver in them today is worth ~$17. So returning precious metals to our currency is a good thing and not a bad thing because it will lower the prices of everything.
So, WTF did this have to do with raising the minimum wage? Also your idea that "experts" and "touching people" will never go away is assuming robots will never become advanced enough to replace those jobs.
If they rise minimum wage all the jobs like cashiers are gonna be replaced. So why rise minimum wage when you can hire a machine that doesn't need sleep, benefits, sick days, pay, and is easily replaceable.
Raising the minimum wage will have little to no effect on jobs being replaced by machines. As he clearly stated in the video, machines are ALREADY significantly cheaper than minimum wage jobs, so they are going to be replaced regardless. This argument doesn't even factor in the other benefits of machines that could probably make a business owner replace a human even if it was slightly MORE expensive than minimum wage.
+SOSLICK22 if they will be replaced regardless and you can see it happening all across the US. You can make an argument that it will happen faster with an increase in minimum wage. And automation is just firing people which is one solution to dealing with minimum wage, others include, increase in prices, cutting benefits, decreases working hours of employees, increases minimum wage. Often it's a combination of these.
The minimum wage should be attached to inflation. The US should also combat poverty by improving their welfare programs and make education affordable so that most young people can get a good high paying job without going into thousands of dollars in debt.
Sure in perfect world with no crime , but at each location with 2000 usd machine large companies will need hire security guard (20 hour each ) and they do a lot of overtime plus video surveillance and all kinds of protection system According to the desired specifications of insurance policy clausula otherwise insurance won't cover their deamage so this machine beats it's own purpose .
Let's not pretend like machines are stealing people's jobs. Rather than having Luddite fears we should recognize that technology often replaces one job and creates two
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Dont fix the wages, fix the federal reserve and the value of our dollar. Raising the minimum wage wont do anything but accelerate the cost of living.
+Smart Ass Exactly right! It's a never ending cycle that doesn't have to happen.
+Smart Ass well in the governments eyes, you can tax your way out of debt i guess
Plus increasing unemployment, and increase the prices on everything, as well as decreasing the average work week for the standard employee.
And definitely fix the federal reserve. When silver was in our coins a $1.25 in 1930s and that today is ~$17. But they took precious metals out of the money and decreased its value.
jack jon funny part to that is some of the materials they put in coins are now worth more than the coin itself... last president that tried to do what you just stated was jfk, and we all know what happened to him. every president that attempts bringing down the federal reserve and kill the banks faces consequences.
Kiosks are not a consequence of minimum wage, they are product of more convenient, cheaper and and better technology availability. this change was going to happen even if min wage was $3/hr.
+jraposo yes, but it does fasten the speed of being replaced.
+feilila1227 No it doesn't. Making minimum wage higher has no effect on speed of innovation. Businesses will automate as soon as possible as long as it saves them money. And currently a kiosk will save TONS of money. He said in video $1500 kiosk? That is cheaper than minimum wage 30 years ago.
+Curtis Smale Minimum wage does not speed innovation, but innovation is not the issue right now. We have the technology for these kiosks, and we have had this technology for a while. The thing that prevents the switch is that companies do not yet think that the tech is cheaper than the person. Every year the price of the technology gets cheaper. Once the tech is cheaper, the person will be fired. Raise the price of people, and the switch comes early.
Michael Andersen
They already DO think the technology is cheaper. The problem is user friendly interfaces. While we have TONS of tech already, making something interactive that everyone understands is another issue altogether. I've worked quite extensively with these sorts of machines and can assure you that people over 40-50 years old will have MASSIVE trouble with the tech as it is. And since that age group is making the most money and spending on their kids/grandkids, they need to be catered to.
Right now kiosks need to find a way to be more user friendly (LOTS of error control) and more understandable to all people. You wouldn't want to lose an entire age group of patrons just because they couldn't figure out how to operate your menu screen.
Curtis Smale been using kiosks and can't agree more. Just this morning when I did order on Mcdonalds kiosk, one of the lady at the age group you mentioned went to the counter to pay simply because she had no idea how to use the tech.
I guess there will be job openings for kiosk repair :)
+U3X6785 not min wage. gotta go to school for that ;).
gotta learn skills
+
No. A manager from mcdonalds would do that job
And if you want real job security, you can hire me to be the kiosk breaker
Really Kiosks were coming regardless of minimum wages.... Automation and Robots will replace service workers whenever it's possible and cheaper.
minimum wages enforce and accelerate that process
Yeah his argument here was retarded. Cashiers are $23,000/yr cost but Kiosks are $1,500. He blames people trying to increase minimum wage for McDonald's going that route?? Bitch, they'd go that way regardless of they're saving $20,000/yr PER KIOSK. Minimum wage debate had literally no influence there.
Fuckin straw mans.
@@hadezmage How low do wages need to be to not be replaced by robots? If there isn't enough hours in a week to earn enough to survive, is it worth doing the job?
If it only cost 1,500$ to put in a kiosk. Wouldn't that of always been the preference regardless of raising the minimum wage.
The minimum wage is going to slaughter small businesses.
+SteelandSouls15 True. If people can only afford to go to big corporations; there's no way small businesses can survive long term; hence why they should raise the minimum wage.
Jay Ray That's under the presumption that small businesses cost more than the corporate counter parts and that's also working under the presumption that the corporate entities that you see like The UPS Store and Dunkin Donuts are truly corporate and not the individual entities that they truly are.
+joe Recto any level is unrealistic if you expect positive results
I think Wal-mart, Walgreens, Target, Best Buy, Barnes & Noble, and starbucks did that about 15 years ago.
Qlight123 what? Where the hell did you hear that? why would a business say "hey make my costs higher"
Great video sir! Not only would a higher minimum wage negatively effect millions of Americans but It would also help giant government subsidized corporations like Walmart and McDonalds kill off smaller competitors. Interventionism, namely price controls are bad no matter how you Implement them.
+Captain Capitalism That's why there are no small businesses in countries where the minimum wage is higher
(hint: there are)
Michael Hunt I never claimed that. Try again.
Minimum wage is a secondary inflation.
+Meatbyproducts Rasing the wage has nothing to do with inflatio. Making more money from thin air does.
GamingNormaly you have zero idea how the economy works if you think minimum wage hikes don't effect inflation.
You're both only partially right on your statements. Inflation is created by more money being facilitated in the economy. Obviously if you print more money, that creates inflation. That doesn't mean it's the only way. If more people have more money, that creates inflation as well.
Ex: Let's say in an alternative world that the wealthiest people in the US distribute ALL their money to the rest of the population and EVERYONE in the country now has a million dollars (arbitrary number) in their bank account. With more people having more money in their pockets, businesses (especially those who sell normal goods) have an incentive to increase their prices because there is more demand in the market. Thus, at least in short term, the prices get inflated.
+Market Socialist no short term impact. MW raises cause inflation. We also know that people don't get raises in conjunction with a MW hike. So if you make $15 an hour and it gets raised to $15, you now make MW. Please don't shoot up immediately and we see that in your 64 studies, but the do over time. In the 1960s only 2% of the workforce was MW and now it is 4%. So all we have done is inflate everything and out more people at the bottom. hummm seems like a great idea.
Now that I have insulted you, I will respond.
First, you said,"Higher wages also permit the possibility of increased consumer spending:" How? Is there additional money in the economy? If so, where did it come from?
I ABSOLUTELY HATE kiosk and self check out...
So this guy believes raising the minimum wage is the cause of automation? He just said it costs $1,500 for kiosks to replace a $23,000 salary. It's going to happen either way. The point of raising the minimum wage is to create a livable wage. Replace jobs with computers, fine. That's unavoidable. New jobs will be created. That's also unavoidable. There's a reason sweatshops aren't legal in America. Because they're not humane. Yes, become qualified and find a better job that pays more. That's what everyone is trying to do. Nobody works at Walmart because they want to get rich. They still need to survive. This guy thinks he just broke the internet with his speech. That was not impressive in the slightest.
Good advice. Learn a trade and excel at it and you'll never be replaced. Grounds crew worker, funeral home worker, doctor, mechanic, welder, etc.
His advice at the end is great.
+Martin Rogers 👍
Valuetainment Can i ask you something?Do you believe that someone who works full time should have enough money to survive?
Valuetainment also increassing the minimum wage will make it so that middle class and the poor have more money making the demand higher so buissnes wont have to raise prices and pls stop with automation and firing argument automation will happen anyway and as for firing people well most buissnes operate with as little employes as they can anyway no one employes more people than they need to anyway so no they wont be able to fire people
Valuetainment And while the original comment is true and your advice about getting off the minimum wage is good there will always be minimum wages jobs and it should be mandated by law that states make that wage liveable(that amount of money can be different from state to state) bcs right now minimum wage isnt a living wage and thats just immoral
@@petarjovovic308 it doesn't matter how long you work, or how hard you work.
If you create value to society, you're gonna get paid.
And the middle class doesn't earn the minimum wage. If they do, they aren't part of the middle class,but poor.
I am doing my final project of my 8th grade year on minimum wage and why it should not be increased
+Dillon Kuk Excellent. You may want to also watch the video "DNA of an entrepreneur". It may give you some more insight for your project.
I have lived in California for 6 years. The minimum wage is $10.50 hr and will be raised to $15 hr. Companies are turning full time jobs to part time. When I shop places sometimes I have to wait a long time for someone to ring me up due to lack of workers. I now check to see how long lines are before I shop.
I prefer using kiosks because those lines are short.
I have a college degree but I had to take a job that requires a certificate to find work. At my first job, I never had enough hours to qualify for health insurance and I asked to be transferred. At my current job, I currently get health insurance, but my company may cut my hours again to make a profit. If I were to get 40 hours per week, I would make $11.50 per hour.
California is NOT a liberal paradise. Raising minimum wage has been a disaster.
this video implies companies are only getting kiosks if the minimum wage is raised. automation is going to happen and is happening regardless of raising the wage. raising the minimum wage is a separate topic. your advice about becoming an expert is totally on point but has nothing to do with raising the minimum wage. becoming an expert at something gets you away from a minimum wage job but there will always be minimum wage jobs. should that minimum wage job pay a livebale wage? thats the question. not if automation is happening why its happening. basically your solution to the livable wage issue is "dont like making minimum wage? get a better paying job" yea thats not a solution sorry brah
+dunk88 His point, I believe, is that raising the minimum wage will accelerate the process at which jobs become automated, which is a totally legitimate point.
+Dean Harris "should the minimum wage be raised? no because something thats going to happen might happen before it was gonna happen."
youre solving nothing by using this as an argument.
there will eventually be automation of every thing that can be automated but there will always be minimum wage workers.
try to stay on topic ok
+dunk88 Yep, you're right. I work in software and my job is to create these systems that reduce man hours. Companies don't come to me to automate because they are worried about a rise in the minimum wage. They want to reduce costs as well as dealing with legal and HR issues they already have. And raising the minimum wage will not accelerate their efforts - they are already going as fast as they can.
Raising the minimum wage will not impact technology replacing workers. But it is a humane thing to do. Stop treating the poor as one step up from slave labor.
+Aaron Bono I'm about to major in computer engineering in college, and i'v studied the job's jurisdiction quite well. I concur that they're hitting the accelerate button regardless of what is done, forgetting that the current speed it is being done is capped already. A lot of people don't understand that with it, a lot of the jobs may be leaving the big franchises and going to small businesses. Some people are just superficial like that but within reason.
+dunk88 True, but raising the minimum wage will make automation happen faster by widening the pay gap between employees and the computers that replace them. The key problem is that what people are trying to do by raising the minimum wage is impossible.
As I understand it, before the industrial revolution, you simply had to become a tradesman to support a family. If you weren't you might even struggle to support yourself.
This changed, with many busy hands wanted for the assembly line. However, this was an era, not a permanent change. I say we're already back to the pre-industrial scenario. You just can't make it without valued skills, and nothing the government does can really change that.
I was just watching this video for the hell of it, got sucked in and got some great advice especially at the end.
Automation is not a result of raising the minimum wage.
+Deanstruction1
It accelerates the move towards automation.
+_Sig41 So in that sense, MD should be fully automated in my country where they make $20 a hour?
Almost all companies look to cut costs and increase profit margins. They don't decided to automate because of wage increases. It give the company a competitive edge. Besides, when companies automate it creates more techno jobs.
+Faddn Automation occurs when the market value of its implementation is less than the value of an employee, if you artificially increase the value of employment above the market value then automation that was previously unprofitable, becomes profitable.
It is a result of raising minimum wage. Because the timetable is moved forward. If the business was going to be automated in 5 years. And their is a double of minimum wage. The time table would have to be moved at least 2.5 years sooner than first planned.
We own restaurants. We just put in a kiosk. All costs rise so we always need efficiencies. The misguided blunt instrument that is minimum wage hikes accelerate our adoption of technology. Our servers already make $60-70k a year with tips on top of minimum wage. Our cooks already make over $15 per hour, but minimum wage makes us pay the highest paid servers even more. So we won’t have anyone to make the food or we’ll pay cooks $20 now, meaning the effect of minimum wage is doubled. All consumers will suffer. Our whole supply chain from the farmers in the field to the delivery driver will make more, and who pays? You. & small businesses go under because no one wants to pay $25 for lunch.
One less person to mess up a food order. No pickles or onion on my big mac can be very difficult.
exactly. I order a burger mustard only, and I got a burger minus the pickles. Kiosk are already done at Sheetz and Wa-wa.
Ok.. so you want extra spit??? or do you want it pre packaged????
Ok.. so you want extra spit??? or do you want it pre packaged????
itchy scratchy That's another reason why they are going to automation. If fast food owners have to pay people a "union wage," which BTW, can be upto DOUBLE the minimum wage, do you think they want workers spitting in another person's food?
I have never been nervous about anyone replacing me ever. I am a heavy equipment mechanic, I started in on my trade at age 17 I am 33 years old. NO ONE can replace me.
Very well said. However, it seems to me that we will replace these people even if minimum wage is not raised. If minimum wage is $7 an hour, that still is way more costly than these $2,000 kiosks.
I think what also needs to be argued is the fact that a $15 minimum wage will discourage high school students to go to college. I recall some of my friends thinking they were on top of the world making slightly more than minimum wage, skipping college, and hoping that they would be a manager one day. Most of them are still stuck in some low paying restaurant or retail industry. A higher minimum wage in my mind, would simply hinder the drive or motive to move to a career.
And no, you should not be raising a family or even one child on minimum wage. Shame on you if you are doing that, and do not blame the economic system.
No it won't make them skip college, usually it's all about the passion on the job not pay you know. basically it's a choice to go or not go
Omar 2396 i disagree...there were people working at the mall after HS in my town that were convinced college was a waste of time because they were on the way to the top
+Barkeroni I forget to mention that, well there will be some people that say it is a waste of time which I actually do agree if not knowing what to study for. I never went to college and I'm happy.
There are good jobs that don't require a college degree. They require being a tradesman/woman or other training, but people need to remember there are other options. Plumber, electrician and lots of other trades like he mentioned in the video. There are lots of ways to become an expert.
You are exactly right. I meet many young adults OK with working part time at McDonalds. The ambitous young adults move out of state for work.
Won't the consumer have to pay for the wage hike? Making the price of labour expensive will mean less hiring of the poor unskilled worker
This video opened my eyes. Thank you so very much, Patrick! -Brandon
+Brandon McKee it doesnt open eyes, sorry.
Businessman will adopt this system whatever or not the minimum wage raises.
Its up to the country/president to increase TAX for who makes BIG money but offers no jobs, thats how it should work.
you have a great way to present information Pat, that's impressive!!
it is currently oct 2020 and i'm sorry Patrick Bet-David. touching people has gone away
so these companies are going to make that much more money and put it in banks in different countries, I think we should tax the shit out of these kiosks!
This argument kinda seemed misleading. Automation is an inevitable occurrence when businesses compete, the use of automating the workplace gives a competitive advantage for the reasons he already listed. Even if minimum wage was the same companies would still automate.
You're right but it's about what percentage of their business will lead to automation. As well as the speed of the transition. The key message to this video isn't minimum wage, instead it's to encourage people to become an expert in a skill so they don't have to be tied to the decision of a large corporation.
Thanks for sharing your thoughts.
Raising minimum wage does one thing and one thing only: increase unemployment and harm the exact low skilled, low wage workers it claims to help.
So people should be paid starvation wages?
@@Kasadoll
No, but it should be balanced.
We shouldn’t be ignorant to raise the minimum wage to a large number or lower the minimum wage to 0.
the kiosks are gonna replace these jobs whether or not they raise the minimum wage
That's missing the point. The kiosks are just a visual representation of the actions businesses take to respond to the minimum wage increasing. It's easier to think of a practical, everyday example of reactionary forces instead of having numbers vomited out.
Great lecture. The last part was great advice for anyone starting out.
Follow the money.
raising the minimum wage is only a pot of gold at the end of the rainbow. Just out of reach all the time. the cost of living will go up with it.
The business owner should be left to pay employees what they want and let the people choose for whom, and for how much, they will work. Let's get government out of our business!
No, it is a bad idea to raise minimum wage.
I tell everyone..Get work in policing, private security or emergency services. If /when in a few years we see record unemployment from automation and downsizings. Demand for those services will skyrocket in order to deal with the chaos and havoc from a large pissed off unemployable population.
+megacide84 that could very likely happen if we continue in the direction we're going.
+G Blair Or CS because they are the ones replacing a lot of different industries
It should depend on the state. 15$ an hour as a single person in New York is NOTHING. The average rent is like 1500 for a studio. Of course in South Carolina where the average rent is about 600$ they should have a lower minimum wage. Nothing is black and white.
I love your videos very educational!
so.....customer service is not a skill? great video here. a kiosk can't fix your order if there's a problem. A kiosk can't listen to you or talk about your day and a kiosk can't clean your table if it's dirty. yep customer service is not a skill. Not everyone can deal snobs everyday that think you are replaceable by a machine.
You think working at McDonald's takes skill?
James Ford
Doesn't mean no one is going to work. The people who take orders are going to be fired not the people who cook
AlecTiengerd Why do people like you use mcdonalds as the prime example of your whole argument, like the minimum wage jobs start and end there and only there. You know why mcdonalds is loosing money in this economy and considering auto-mation? because it's food and Customer service sucks. This market is being taken over by fast-casual places like Dos coyotes, Chipotle, chick-fil-a and etc where lines reach out the fucking door during lunch time. And those customers go there because they top quality service and food, not auto-mation. I work at Chick-fil-a, where are entire design is based around providing you the best experience and food, hell we have entire POSITION in our stores called second mile where the person's only Job is to greet guests that walk in, wander around the dining room chatting with people, getting them refills and seeing if they need anything. Another postion called Runner that ONLY delivers food to guests. Places like ours is taking over and the normal fast food joints are shitting scared, there loosing money and considering auto-mation. But guess what, my position DOES take skill, it's hammered into us All the time by the company and we even go on retreat meetings to talk about it. customer service is a big thing in fast casual that it cant be automated. But I still get minimum wage, shouldn't I be allowed a livable minimum and paid fairly for the skills I'm taught everyday?
James Ford First of all, I said McDonalds doesn't take skill. I see why you work minimum wage and there's a difference to flipping burgers and talking to people. One is a mindless activity and the other is a social skill. and the reason why there isn't a line going out McDonalds door is because people don't like eating there for the food. If you think the reason why McDonalds is loosing money (which is only .7% of sales) is because their food is shit not their customer service.
AlecTiengerd Wow you just agreed with my entire argument while trying to argue with me. Apparently you didn't read my wall of text? and then made yourself look like a dumbass. apparently someone who works in fast-food is smarter then you? ironic huh?
"Prices go up, you have no choice."
This is not true, necessarliy. You cannot arbitrarily raise prices.
+Ken Mills Why can't they?
Because people will shop elsewhere, or they will substitute.
Maybe I'm just playing semantics but can't and shouldn't are different things. They CAN raise their prices arbitrarily but they shouldn't since it's a poor business decision but this is also under the implication that place elsewhere don't raise their prices.
+Ken Mills A nation-wide minimum wage increase would result in a blanket increase in prices everywhere in the US that relies on a disproportionate working-class workforce, although smaller businesses would theoretical set higher prices does to their lack of economies-of-scale. That or file for bankruptcy if they predict they can't break even.
+Ken Mills EDIT; I just learned now that there is no flat-line minimum wage across all US states. I'm not to versed on US economics, I'm not from the US lol.
Sorry, I know this is super old but I want to chime in. 3:30 McD has never hired dedicated cashiers. An employee is usually running register and running food. So all that would happen is the job would be more focused on making the order and getting it out.
Just end the fed and allow small businesses to set wages
Well I'm a truck driver / diesel mechanic, fortunately automated trucks won't be coming anytime and I'd like to see one navigate in the log yard I go into every day. But someday I'm sure there'll be technology to replace my job
This is a BAD idea....
Minimum wage(MW) should be abolished, completely. It's not about working per/hour, it's about being paid on performance. You'll be more productive with far less effort, struggle, and time. Instead of working a fixed 40 hours of week, you could be working 10 hours a week and get paid atleast the same as 40 hours. MW is an abomination.
I live on minimum wage. in order to survive I strave a few days out of a month. I keep bags of dirty clothes piled in the house until I have enough to wash. I bought a hat to cover my hair so I don't have to get a hair cut as often. I sometimes go without toilet paper, tooth paste, tooth brushes, and cleaning supplies. rent and bills are paid. no money saved for the college I'm attending or the car that could break down any moment.
What the general public fails to understand is that increasing the minimum wage would only lead to the increase in consumer goods. This isn't a good plan for anyone, other that our foreign competitors, who want to see the value of the American dollar decrease. Raise minimum wage and you'll simply see the cost of every day goods increase to bridge the gap. A $7.25 McDonald's value meal will increase to $15.00, hence completely defeating the purpose of the increase...
no
That still didn't say anything about minimum wage being good or bad
The cost of automation isn't a fixed price. This doesn't really go anywhere beyond the effect higher minimum wage has on encouraging automation.
Sooo raising the minimum wage results in the loss of "order taking jobs" and the creation of "expert" jobs (e.g. Kiosk program and repair). I'm okay with that.
Excellent Sir!
+Deans Mayhem (Deansmayhem) Thank you.
Thank you for this video have a blessed one
Hello I am a kiosk and I am looking for a job
+TH-cam Guy Are you a Leftist model kiosk? We don't use them anymore. They never seemed to work.
No Kiosk Please ....I still enjoy the Human EXPERIENCE...no ROBOT...Technology is not all that exciting to me sorry it has its place!!!
This is a fantastic video! You've earned another subscriber for sure!
+Matt Mullins Thanks for the sub.
Fascinating this is where you hit. Single camera not stationary. What have you figured out. It’s wild seeing you dress so casual. But your presence is hitting, topic wholly hit it on head with kiosks.
Going back deeper also looking for the investment point where set hit with the suit. Rule one consistent, persistent with incremental improvements. #salute
Great video very informative!
+TottieGod 👍
Minimum wage will hike to monopoly, since less businesses can stay in business unless everything goes up
TRUTH! Subscribed.
The advice at the end is good, but you cant blame minimum wage for kiosks and machines taking the place of people. That is going to happen as long as machines are cheaper than people.
Advice at the end seems like a recipe for self-deception. Like people who didn't learn any skill by 45 can overnight learn something and become irreplaceable. No they can't. Skill that anyone can learn is not really a skill that makes you irreplaceable. Those who follow this advice will soon find themselves in a position when they compete for a tiny number of jobs with enormous hordes of other low-skilled people who decided to learn the same skill.
Not learning a skill by 45 isn't self-deception, it's a self-choice made what, 30 to 35 years ago? Go back to school, like we are. You can't blame anyone because the younger generations have the upper hand. Those who follow this advice are "low-skilled people"? That's precisely contradictory to the very advice itself -- to become an expert. An expert is not a low-skilled people, and why do you assume that there is a "tiny number of jobs"? It depends entirely on the field and that statement is purely subjective. As he said, experts will [almost] always be hired.
Skynet.
Why do people think corporations have zero rights? Where does the government get the authority to dictate wages? Do you really want the same entity that is trillions in debt making fiscal decisions for separate entities?
+Zach Myers How low would wages be if we didn't have a minimum spec? Say if neither state or national government had a say in it, you think people would be paid appropriately based on their skill or type of job or even risk factor?
I would speculate that a person's wage, without state or national interference, would be determined by a variety of factors including the ones you mentioned. Whether the pay is appropriate is a matter between the employer and employee.
+Lotte companies would compete for employees and pay them what they're worth, welcome to capitalism
Minimum wage is legal slavery!
+Lotte if you aren't willing to work at $7 an hour I'm sure their is a high school kid that will that's the point. The whole point is capitalism is competition. If my employer doesn't pay me what I'm worth then another employer will poach me. A lot of businesses are already paying more than the minimum wage. I got a job working $.25 over minimum wage because the employer wanted me to work their and not leave for another business.
I've worked at Mcdonalds and A, no one is just an order taker B, even full-time employees(of which there are like two) don't make 23,000 a year
Kiosks don't cook the burgers. Raising minimum wage will allow people to buy more burgers. Most food service and retail already run on skeleton crews to maximize profits. Also, you said it yourself that these companies are already doing this. Retail and food service places fiercely compete with each other and you're exaggerating the increase in prices. They will make more money from the profits they make when people start spending like crazy with there increase in pay. Everyone's wages will go up as well. Why go through the extra training to be a kiosk repairman when I can flip burgers for the same pay.
Minimum wage should end
If a 28k or 35k a year job can be replaced by a 1.5k kiosk a 10k of 5k a year job can be replaced just as easily. The automation of jobs will occur regardless of the minimum wage hike with this thinking. Our technical abilities as a society need to increase in order to survive this particular trend.
Let's say it is inevitable that automation will occur and you have a sound argument with it. However increasing minimum wage will only speed up the process or transitioning into the automation realm.
Plus you have people that will instal the kiosks, install the latest software, upgrade parts, fix broken or damaged kiosks. So it isn't getting rid of all the jobs just replacing the lowest skilled jobs. Plus their can be an argument that automation isn't inevitable with customer interaction of places want a friendly interaction with customers and employees.
The sooner we face the reality of the future job market the sooner we can recover. Most of America is employed in jobs that are easily replaced. We need to focus on making people knowledgeable and capable with new technology, math and science. Consider manufacturing jobs from Apple computers. Currently they employ thousands of workers in China. If apple were to invest in American operations they would not be able to employ so many and would likely rely on automation with maybe hundreds if American jobs that pay considerably better than their current Chinese operations.
Companies will pay pennies if they can get away with it. A minimum wage for works that are trying to live isn't so much to ask
Workers
Increasing minimum wages to $15 per hour can work for small businesses, if the government will be willing to pay the difference that's needed to reach $15/per hour. (example: Bob makes $7.50 per hour but his employer can't afford to pay $15, the government can pay and extra $7.50 to Bob as long as he remains employed.) This will prevent Bob from losing his job and filing unemployment and help the small business.
Thank you for your knowledge and for all the valuable information you shared in this video. Does anyone know the name of this speaker so i can watch more of his videos?
+KurdishGirl4500 Patrick Betdavid
***** THANK YOU!
small businesses will be ruined
The point is, simply talking about, and pushing for a higher wage will expedite this automation.
I understand where the workers are coming from but it just shocks me
that people don't understand the price of everything will go up. And the
fact that companies have to adjust, meaning they will get robots as
well as let workers go. I am just so mesmerized by the fact that people
feel that this is the solution. Basic Economics? And yes I may be
biased because I never had to go through the difficulties these people
have to go through, but while it may temporarily make the workers lives
"better" it will hurt families like mine, as well as the workers'
families as well. So i just don't understand, why? We are just supposed
to let blue collars workers have higher pay while them not knowing the
full consequence of what they want, and them not listening to white
collar workers trying to explain to them its just too fast too quick,
because they are driven by emotion and anger rather than the holistic
picture? I am so beanboozled ahahahhaha.
he said a kiosk cost 1500$ say that that same kiosk last 5 years that would mean that minimum wage would have to be under 300$ a year to compete.
*For me personally i get paid 7.25 currently and i hate the idea of rasising the wage
Btw im working to get a sales job*
Whether salary or a minimum wage job work is work to support yourself PERIOD. We're not China or Mexico and these petty companies forget that the workers are ALSO customers too.
It doesn't really matter what happens. Eventually, jobs will be replaced with automation regardless of minimum wages. Just a question, what would stop companies from lowering wages and creating competition among employees for lower and lower wages if there was no minimum wage? Unionization doesn't seem like it could really combat it, I mean the company could just say no, fire everyone and people would be crawling back for their jobs because they need it and the companies could give them even lower wages. Maybe I have watched one too many anti-corporation movies but sometimes it seems like giant companies care more about profits than their employees.
Damn! This video is sick!
THIS is why government needs to pass legislation, and they can because of the Commerce Clause, that corporations CAN’T raise prices to the point that will obliterate $15.00-$20.00 raises!!!! They ALSO can’t cut benefits of ANY kind!!!!
They would have to raise prices because if wages increase the demand on their products will. This is called "supply and demand" which is how prices are set. If they do not raise the prices we will run into a shortage because people will just be buying more than they need so others won't have.
That was a great video!
What did you like most about it?
***** He used reason, he was articulate, and he didn't just point out the problem, he provided us a solution for whether they raise the minimum wage or not.
If there's a hike to $15, then there needs to be raises across the board. The person who has already worked to $15 should get the same raise as the person making $7.25. That would be fair. That's exactly the type of fairness advocates are asking for. It just wouldn't help them. It would just further devalue the dollar.
If the kiosk is only 1500 and the salary is already at 23000, is an increase in minimum wage really going to be what pulls that trigger?
You know what's going to happen when you and I go to McDonalds? Here's what's going to happen when I go to McDonalds...
Trick question I don't eat the shit they serve at McDonalds I'll be cooking at home
Damn well you're missing out on some good ass shit
Mauro Briseno nah last time i had McDonalds I got really sick I'll pass
Complete BS. Companies will move to kiosk regardless if the minimum wage is increased.
he not taking into account the devaluation of the dollar
a dollar is not the same from 10 years ago but employers are still paying employees the same amount
that's is the focal point of the $15 movement here
Raising the minimum wage will drive up prices of goods because they cost more to prepare, deliver, etc. Rising costs of goods will cause inflation, then $15 will be worth what $7 is now and everyone's savings will only be worth half. Sounds like a great idea! The problem is inflation, not the arbitrary number assigned to minimum wage. This battle will come up every few years if we keep raising and raising to adjust for inflation caused by the last raise. The solution is to end inflation by making our dollar worth something again; which is most easily done by returning to a gold standard
Josiah Johnson
Gold standard will make the value of dollar more unpredictable that would be a tough sell
+21boxhead in 1964 I believe minimum wage was $1.25 with silver in the coins. With the silver in them today is worth ~$17. So returning precious metals to our currency is a good thing and not a bad thing because it will lower the prices of everything.
Great speech
I'll become a pornstar, being touched by a robot is just weird.
there is porn with robots now
Don't knock it if you haven't tried it!
+Skatinima Oh shit...
Become a sex robot engineer :)
So, WTF did this have to do with raising the minimum wage? Also your idea that "experts" and "touching people" will never go away is assuming robots will never become advanced enough to replace those jobs.
If they rise minimum wage all the jobs like cashiers are gonna be replaced. So why rise minimum wage when you can hire a machine that doesn't need sleep, benefits, sick days, pay, and is easily replaceable.
Raising the minimum wage will have little to no effect on jobs being replaced by machines. As he clearly stated in the video, machines are ALREADY significantly cheaper than minimum wage jobs, so they are going to be replaced regardless. This argument doesn't even factor in the other benefits of machines that could probably make a business owner replace a human even if it was slightly MORE expensive than minimum wage.
+SOSLICK22 if they will be replaced regardless and you can see it happening all across the US. You can make an argument that it will happen faster with an increase in minimum wage. And automation is just firing people which is one solution to dealing with minimum wage, others include, increase in prices, cutting benefits, decreases working hours of employees, increases minimum wage. Often it's a combination of these.
to not get replaced by machines have people skills and be and expert at something
The problem with learning a skill is that a lot of skills are exclusive to higher education which people who are working class can't afford.
The minimum wage should be attached to inflation. The US should also combat poverty by improving their welfare programs and make education affordable so that most young people can get a good high paying job without going into thousands of dollars in debt.
If we don’t there will be more hell to pay.
there should be no minimum wage. If you want to get paid more, get a better job, work more hours, or employ yourself
I'm against rasising minimum wage because everything will cost more more people going to get fired.
Good video. Minimum wage vs Honda Civic was too. Interesting take
Sure in perfect world with no crime , but at each location with 2000 usd machine large companies will need hire security guard (20 hour each ) and they do a lot of overtime plus video surveillance and all kinds of protection system According to the desired specifications of insurance policy clausula otherwise insurance won't cover their deamage so this machine beats it's own purpose .
I like this guy. Got his point across.
Be an expert
look at the pros of cons of everything to make a great decission
Damn pat you called it 8 years ago I'm blown away at how this video aged 🤯
Patrick, would you have the full entrepreneurs: the origins video?
Let's not pretend like machines are stealing people's jobs. Rather than having Luddite fears we should recognize that technology often replaces one job and creates two