Lawmaker Challenges Big Bank CEO by Showing Him Math | NowThis
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- เผยแพร่เมื่อ 15 เม.ย. 2019
- Rep. Katie Porter asked billionaire bank CEO Jamie Dimon to explain why he can’t find the money to pay his employees a livable wage.
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In US news and political news, members of Congress questioned 7 CEOs from big banks in Washington, D.C. last week. With money in politics, dark money, and Super PACs on eveyrone's mind, Congress pressed the banking leaders on many issues. Among those representing the big banks and Wall Street was JP Morgan Chase CEO Jamie Dimon. Rising star in the House of Representatives for the Democratic party Katie Porter pushed Jamie Dimon the issue of a livable wage and minimum wage. Porter detailed the budgetary math of one of Dimon's employees on his bank's minimum wage by explaining this worker's wages and then budgetting all of their expenses.
#KatiePorter #JamieDimon #Banks #LivableWage
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Spoilers: He's not going to think about it
Upon reading this i laughed... then i frowned ...
Real problem is why is rent 1600pm for q bedroom
@@lokeshn8850 Because that's the average cost of a 1 bedroom apartment in Irvine. She could live 3 hours away and commute the 6 hours/day ... and save $200/month in rent. But she would blow that easily in additional transportation costs. Moreover, what happens to her kid during those six hours?
Oh, and by the way jackass, even if this woman took the $567 shortfall out of the rent, she would only have $1,033 for rent. Good luck finding ANY place in CA for that rent. Sure, they could live under a bridge ... but that's, perhaps, not the safest place to raise a child.
Sure he will think about it. He's going to get to the bottom of who this woman who is working for him and have her canned for embarrassing him. He's also the same type of person who has exploited the land speculation racket to artificially raise the cost of rent and owning property in the Southern California. Unfortunately $1600 for a one bedroom in Southern California is slightly below average of $2000. It's practically robbery how these rich people have rigged the real estate and property market in California.
The employee earns $ 35,000 and the vampire senator eats $ 6,000. But the problem is 500 dollars that the employer cannot pay?
“I don’t know. I’d have to think about it.”
Translation: I don’t care. When can I leave?
That’s right you shouldn’t care and I would be wondering when I could leave to because this is a waste of my time. It’s the employees job to pick a job that will pay them enough to cover their bills and anything else they have to maintain.
@@FloridaExplorer777 The world isn't that easy sir. Not everyone can get the job of their dreams. Maybe because they aren't smart enough, or maybe the specific job field is too saturated, or maybe they really like being a bank teller but they can't be one because it doesn't pay enough!
The point is, this job doesn't pay enough, period. And you can't justify that when the CEO is making $31 MILLION dollars per YEAR. Holy cow that's a lot of money. These are the types of people that when they play poker, they lay out $1 Million dollars on the table to bet. Some people work their whole life for a million dollars. But then there are people who can gamble away 1 million in one sitting.
Florida Explorer 777 it’s also an employee’s choice to get pregnant. Her life choices are not his responsibility.
Whereabouts Unknown doesn’t pay enough for who? You are right though, the world is hard, it’s even harder when you decide to get pregnant and expect people to take responsibility and bail you out. Being jealous of rich people will get you nowhere. Be smart in your own life choices and and you won’t have to rely on some CEO to cut you a break.
Didn't take me long to figure out the answer to her question. Raise the wages, show that you value your employees who have helped you become rich.
I hate when company's CEOs pretend to be family oriented and care for their workers when their policies and wages obviously don't show it.
"Bring in more money for my business and ill throw you a quarter "maybe" every year. We will see how much you submit to rude customers and rake in hundreds and thousands of dollars for me and my spoiled kids...but if its not much we may have to find someone else to take your place, even if they have less experience than you.
And since youre black you're used to living poor so I shouldn't worry"
Right?...
anybody else?...
No....just me?
ok then...
I stand alone
Legends says he’s still thinking about it.
Legend has it he never thought about it.
It would've been funny if he said "Well, you could make up the budget if you and your colleagues here and in State Capital didn't demand so much from her in taxes...."
😂
The legend is another blood sucking capitalist parasite, that has created a system to drain even penny from your pocket and more...
The sheer arrogance sums up his feelings ... he cant even give an answer....yes he would like to talk to her so he can fire her......an example of a heavily corrupt economic model...
@@humann5682 How much do you think is a normal tax rate?
"Sir what's your name"
"I don't know, I'll have to think about it"
I think he's senile, somebody get this poor man some help
31 million $! That's his f name!!
@@konkon4754 why so poor should be taxed?
😂
She's the one that got us coronavirus testing for free. This woman is a national treasure and is clearly passionate about what she does.
Tyler Durden life, breath?
Tyler Durden Is that supposed to be a counter argument?
What a god
Clearly a hero.
@Tyler Durden That's why you raise taxes on the extreme upper margins of income and wealth, not cut them.
hes not gonna think about it
It’s a problem generated by the top 1% and their insatiable greed. He is part of the problem because he’s all about cow-towing to this group. The problem isn’t generated by immigrants or by feminists or by any other marginalized people. That rhetoric is just smoke and mirrors. Don’t be fooled by the lies originating from the bottom-feeders making up the top 1% and their lackeys.
I thought about it. Here is what she should do.
Don't squeeze out kids until you are married. Stay married, have dual income, get a better job, and move out of Irvine California. You see that was clear to me (even if its not clear to Katie Porter) and I don't make $30 million a year like a bank President.
@HousingDinosaur : You don't know me. You can't say that. But what I said, I CAN say because what I said is true. It is truth. And sometimes (apparently more often now than ever) the truth hurts so much it stings and even wounds. That is really the only reason why you responded the way you did. I don't know you and you and I will never meet. But anyone willing to attack someone personally the way you did (instead of just disagreeing with them and calmly explaining why) that person is usually a wounded human being. So I guess I'll pray for you.
@Axel Smith - it's not his problem, but it's a problem he and his ilk have created. If you doubt that, you've clearly not been paying attention.
Poor people are disgusting in his world. He wonders why they are paying $16.50 an hour. Why the high salary?
Correction on the last statement. It’s not that it’s a budget problem he CANNOT solve. It’s a budget problem he WILL NOT solve.
In any case, Katie Porter is my hero.
"Are you worthy of being the CEO?"
"Are you worthy of being human?"
him: IDK, i have to think abt it
Dose he have a heart, I’ll have to think about it
@Robert Persson so in USA you guys got taxes to death and still the government rely on private insurance company to pay for the healthcare and private education to improve public knowledge.
Good to know
telling a bank CEO "this is a budget problem you cannot solve" is probably one of the best roast i heard someone says to a banker xD
But yet all of government including her can't balance the national budget without raising taxes. She's part of the problem don't let her fool you. It's all just theater.
@@noble_norse7786 I agree with that 100
@@noble_norse7786 Her power is limited in many ways. A majority of our tax raises are actually attributed to entirely useless offensive military tactics, to which she, won’t really have access to.
@@tatumv3009 you're half right, our taxes go up because of greedy politicians. That useless budget you mention go out to corporations (military industrial complex) who funnel it back to politicians. It's all just a big ponzi scheme. And this is all just theater and this millionaire really couldn't care less about you, me or anyone else! "Its all one big club and you ain't invited" ~ George Carlin
:)
You can tell she's actually passionate about what she's doing not just a paid off suit, god bless her
This is BS. That apartment is a rip off, where's her alimony and child support check? Bruh.
She’s a terrible politician and has absolutely no idea about what she’s talking about. I live in Irvine and everyone hates her lol she’s a joke
@@VenomBlazeCoCGaming I literally just found a one-bedroom house WITH utilities INCLUDED for 750 a month. Like, if I were that CEO I would have absolutely destroyed that budget.
She forgot to mention government steals through taxes 2 full wages a year.
@@Maarttiin she said after taxes
Never did I realize how expensive it is to live in America until now.
Literally just California
@@The_Engie if that’s what you call expensive, try British Columbia
Literally like no one anywhere else in the world would waste 1600$ on a one bedroom, or 40$ a month for a phone bill. And 400$ for food? I spend about 100$ a month where I live...
@@pennymikk in Egypt u can eat anything u want to eat with only 195$ and u only need 11 or 12$ per month for a phone bill and u can rent a whole house with 65$ per month and like 100$ for ur car gas and utilities and everything else so what are u talking about xD
@@omaryahia3458 what's the average monthly salary in Egypt?
Never seen this woman, never heard of her, and i dont know what was this about... But she is a LEGEND!
We need more people like this to put people like him in there place!
God bless her.
And mainstream media never showed her to the world, yeah mainstream medias are owned by similar people.
@@konkon4754 troll commenter, probably Russian, ignore.
Saw her for the first time and felt goosebumps watching what she is doing, how right it is and how much needed. Respect.🙏
@@nitharsanam630 wtf? She been all over mainstream media!! Just realized this was a year old
Oh honey Katie Porter has been welding her whiteboard in Congress for years. Get to know her. She might be your president one day soon
Katie Porter is smart, strong, optimistic and aware. She's the way forward.
Dont rely on government to do things for you. Is that hard?
@@123rockstar2010 tell me you're joking
Go on lady we need more people like this in all governments around the world 🌎 enough greed for the few 1%
giannisparty technically, the average middle class American is like the 1% of the world.
It should be the top 0.00001% of the world, those are the billion and trillionares.
SHE BE MY VP.
"Im just here so I dont get fined" Is what his answers sound like.
mhm as it should
@@konkon4754 what a brilliant idea, how would you call that model ? Anarchy ? Nah it sounds too strange...maybe kon konomy ? Im sure you can think of something genius lime the idea itself
The people who run these banks and giant companies make me physically ill. The disgusting greed at the cost of so many lives is sickening. How could someone who believes their salary should be 31 million per year not want to raise the salaries of the employees who actually work to make them all that money
A major problem in America is that trickle down economics only works for corporate America it doesn't work for American hourly workers. Ronald Reagan and all the rest of that crowd including Donald Trump who gave Corporate America a huge hand out , now working people will have to pay for the huge deficit that caused.
When the wife asks why youre cheatin
"I don't know, i'd have to think about that"
Its probably or must be what his lawyer tell him when they ask his opinion about some statement so his lawyer can set up some strategy in the next trial
Actually quite close to reality .. 😁
Katie Porter is not a congresswoman. She's a gastroenterologist, because she just ripped this CEO a new one with surgical precision!
Without bloodshed 🤷🏼♀️
@Ulf Knudsen welcome to captalist world my friend whose foundation is based on the belief of selfishness.
@Ulf Knudsen too bad he's smarter then they are. If they were smarter then him, they wouldn't be "slaving away" grow up
@@Arrctv every thing depends on who are your parents
LOL .....👏👏👏👏👏👏👏👏
What he is saying: *I don't know, I'll have to think about it*
What he is actually saying: *When will this be over?*
I have a yacht party to go to, and I have to think about if I take my private airplane, my Rolls Royce or get a Limo-drive.
No its like "I dont care, I'll leave"
Even in the end this guy won't care about what this woman so passionately spoke about. We can tell people like him all of the facts, but it will never matter. They'll just brush it off and ignore anyone who speaks against them.
@@konkon4754 equates to a little under 500 in taxes a month, so still in deficit even with no taxes
I'm not stating an opinion, just felt like many factors weren't addressed in the video and would like to know more.
So what is this company's profit? (As in amount of money left often after all expenses), how many employees work in unlivable wages? Cause if this is a massive firm and has 20,000+ employees with these wages, and they all of a sudden have to pay all those employwes 6,000 dollars more a year for livable wages, would this company still be making any profit? Aka spending 120,000,000 more dollars every single year. Also what level of education or experience requirements are needed for this job? If the experience requirement is nothing, then they are already making leaps and bounds more than other similar low experience jobs such as fast food workers. Also does this company provide options to work overtime, or extend the amount of hours a week to let's say 50 (2 extra hours a day)? As this would provide an additional 640 a month.
The only opinion I wish to state here is that I believe that the amount paid should be equal to both the experience needed to obtain the position and the difficulty/hours a position has, not necessarily 'livable' wage. As if this was the case no one would attempt to go master a craft if you'd make the same amount doing a career that requires no experience and is generally an easier job. Now I don't know any of the specifics of this company's situation nor the employees - but I am not one to blindly believe things without the full story. If anyone is willing to inform me of the specifics off this companies budgeting and whether or not it can both financially sustain all it's employees living in unlovable wages, inform me of whether the employee deserves the increased pay (college education, years of experience in field, difficulty of job, trade school, etc etc.) I will back this 100%.
A perfect example of what people should demand of their elected representatives
RARE example! RARE!
im not even american but i see this woman standing up to these crooks a lot lately, go get them.
@@seanluse5950 If you can't figure out how this guy is a crook then you are the problem with society today.
Sean Luse sure i’ll tell u this man doesn’t pay his workers a livable wage and when he is called out on it he completely avoids the question. I’m not 100% sure how you didn’t notice that, he literally runs one of the largest banks in america and cheaps out his employees so he can squeeze money out of their pockets and directly into his. It’s basic capitalism 101 and you cant even see the issue...
Sean Luse did you even watch the video?
@@vegandestroyer3782 i live in canada and he would be roasted if he did that here
@@seanluse5950 exactly! And you know what else, nearly 40k a year isn't that bad. People need to take into consideration of their expenses before applying for a job ie travel expenses, lunch, rent and so on. People love to play the victim 🤦🏽♂️
So basically she's just explained in clear maths how everybody is kept in slavery.
@@Sgtassburgler If you're born there and cannot save up enough money to leave, short of filling a bandanna with whatever you can, tying it to a stick, and physically walking across the state, how exactly do you expect them to be able to leave? The family in the representative's analogy is already -$500 a month. how do you expect them to save enough money for a moving van, first and last, and any other potential cost attributed to moving?
@@A_Vicious_T-Rex How about not having kids if you dont have the money to support them?
@@Cenaas1 then you can ditch the childcare and she's still -$117 a month. A negative is still a negative. This doesn't include medical costs or prescription medications either.
@@A_Vicious_T-Rex You can get a much cheaper apartment plus you dont spend $400 on noodles...
@@Cenaas1 they're already living in a "one bedroom" apartment. Also, if there's one less mouth to feed, that means you're saving 2 ramen and cereal meals a day. So that's what? $5 a day she saves?
I don't mean to take anything away from this incredible human being. But the only thing that makes her look superhuman is because other politicians and the cockroaches she interrogates are such immoral human beings who are indifferent for the suffering of other people. Isn't it sad we LOVE her so much just for doing what she has to do as a representative of the common people. And I'm pretty sure she would agree with me 100%.
This woman could lead us to a better life.
We dont want to survive, we want to live.
I love how she busted out a full fledge white board and marker...I think she even had an eraser ready lmao she’s badass
Wasn't it a white Board? 🤔 Or did i miss something
@@kunalgajjal nah, it's clearly green
It was red. Clearly !! And a white marker
I was about to like your comment.. really just about to like it.. but come on ‚black-board‘ aah maaan
Lmao geez my bad guys. I guess I'm a little older tha. I thought
Love this woman, this what it looks like when your senators and representatives work for the people and not the "citizens united people". Keep it up Katie your killing it!!
@Will Ganness Really!?! That's your argument, not that women STILL don't have equal rights, pay or the right to do what they want with THEIR body but your OK with that...... GTFO!!
@@danweber8382 name me one right women don't have? Lastly, the pay gap is lazy statistics.
@@user-st2zc6pk7t are you kidding? Troll, and you provide no statistics lmao. Bye........
@@danweber8382 You made the claims....now back up your claims or STFU. You calling someone else a troll is laughable.
@@JohnSmith-gq9gn ROFLMAO!!!!! I am trolling, I am just replying, GTFO. You can look up anything I have said with a little research, fact. Good day!!
Watching from the UK, I wish more of our MPs were like this! She is, as someone below has said, a national treasure!
"So you're a complete fool right??"
"I don't know i'd have to think about it"
"Why can't she live within her means" Rep. just told you they didn't even include medical fees or school lunch or other basic necessities and they still don't make enough money to get by in life
Most people are still living on credit.
@JHeints - well she's fictional to illustrate a concept, so I can't really ask her about the specifics since she isn't real. Additionally even if there was a partner to this illustratory person- and widowed women do exist so there's ways a woman could be raising a child alone that wouldn't upset any of your restrictions- she isn't entitled, because this isn't about welfare but instead about a job that requires full hours but still doesn't pay enough to live on. It's not entitlement if you are working for it. Additionally multi room apartments require more financial power to be able to afford rent between roommates and pay the larger initial deposit which many in this sort of situation can't afford. The big question is, why is a company paying their CEO the value of a small city every month while not paying full time employees who keep the company running enough to live off of their wages? Companies not paying workers suitable wages just means those companies are forcing wellfare to subsidize their costs of business, which means this company is being a lazy mooch economically speaking.
Not that easy with today's life. What if the kids or herself falls sick would u argue that?? Yet she still got to pay insurance or for her medical cause the insurance may not cover for most of the expensive stuff, today's money is also not like years past money it's lost value so much and the salaries and wages of most jobs are still stuck in the same place while everything else has gone up. Yes she can live within her means but it won't help much these days.
@JHeints - yourmom wants to know when your moving out of her basement?.
@JHeints - brilliant, are you 8 years old?
This never gets old. Completely stunning. Respect.
@JHeints - How so?
@JHeints - The way you wrote it sounded like you disapprove of single mothers, rather than their circumstances.
@JHeints - Seeing people struggle is sad but single parents are supposed to collect child support which wasn't factored in and would easily cover the shortage. I'd also argue that you shouldn't have children before you have a career.
@JHeints - That's not how those words sound at all. You need a different wording.
@JHeints - The subject and the predicate. Your sentence is describing single mothers as pathetic with no context or reference to what you claim to be referring to - their circumstances. You need to change your wording. Your message is not clear.
People who possess pain in their hearts for others are highly blessed. She's one of them for sure. Ma Sha Allah.
16.50 hour that's like 1.50 above California minimum, I think it's the government problem for taking to much taxes
@@wafialfaruqhi6860 it's that minimum wage is too low, it's the minimum you need to survive if you are single and operate as cheaply as possible, it doesn't take into account kids and medical and many other things
The problem is that billionaires aren't taxed at all and the government lets them get away with it
@@wafialfaruqhi6860 lol "too much taxes." she's paying 8k/yr in taxes, and she's probably using public healthcare, free school lunches, etc. which total to literally double that $. if she paid 0 taxes and we axed those social welfare programs, she'd be even further in the red.
@@Ibrahim-vx5kq How is permanently unemploying people who's labor is worth less then the minimum wage supposed to work? You know you can set your own minimum wage simply by not working when getting paid less then it right?
Welcome to the USA. The greatest country on earth! LMAO
am just suprised by that extreme housing price, i live in a 4 bedroom apartment with 2 floors and i only pay 1100 usd per month
@@mikaelvallin9151 bc irvine is an absurdly expensive place to live
@@mikaelvallin9151 depends where you live
"low budget food" and even mentions of living on ramen noodles and it still comes to 400 USD a month? lmfao how expensive are the packets of ramen over there
@@konkon4754 stolen by corrupt government to fund foodstamps for bank tellers, roads and public schools oh no
Hunger games 2020! “The rich will think about it and get back to us!”
what do you think they're thinking now
I wanted to like this comment but it's at 404 likes and that just suits it, because the dude is basically giving an Error 404 message
@@t-dog8528 I think they're thinking about thinking about it
Or you can work hard and be rich yourself and not so lazy.
Or not
I absolutely love Congresswoman Katie Porter, she fights for everyday Americans. I just wish more everyday Americans knew that's what they actually are.
D Duffy Americans like to think they’re closer to being rich than to being poor... so far from true
The difference between most men wokers and women workers is that a lot of men do this because it's their job and that's it, a lot of women do it because they are passionate and really want things done in a good fashioned way. Note that I said a lot of men and women, not all.
@Crom She did the math doe him. I mean clearly he's the dumb one
@Crom So your solution to this problem is for her to start her own bank just so she can pay its employees a living wage?
@@fairy5668 Exactly, also not to mention beforehand owning a bank now in days, is far likely not to happen, because of the other big banking companies we've already used up.
Girlfriend : "when we gonna get married?"
"I don't know. I'd have to think about it."
Mad respect, she’s basically showing modern age slavery (as financial). The true gap between low, middle and high class.
It's cheaper to do what Dimon does than to own slaves
CEO Dimon is appalled. Appalled that this employee does not already have a credit card and an overdraft. Heads will be rolling when he gets back to the office.
🤣🤣🤣 he’s memorising her name so he can look her up when he gets to work to fire her, then rehire her to fire her again for making him an example 😂😂😂
lollllllllll
Nah. He will find some loophole and dump some company taxfraud on her.
@@konkon4754 yeah because nothing changes when the government has no money.
@@konkon4754 so you don't want the government to provide the measily medical care she and her daughter get (Medicaid), or the roads she drives on, the paths they walk on, the legal protections that require her employer to actually pay her, hist for starters.
Then there are the police officers who make it so that armed robbers can't freely walk into her workplace and shoot at her while demanding money. Oh and for the school and teachers her child uses 5 days a week to get an education.
Paying tax isn't the government stealing from you, it's an exchange of services. You pay tax they provide vital services, those services don't just happen by themselves, the people performing them don't just do them for the fun of it.
You know what happens when those services aren't provided by the state, you suddenly find that your roads are privatised and you need to pay to use them. Your paths and sidewalks disappear, and you can't walk to the shop, as there is no sidewalk, and the road is private property, you have no rights to be there.
Your rubbish doesn't get collected, you need to pay someone to take it away.
You only get emergency services cover if you pay for it privately (this is how fire cover worked 100 years ago, they would just let your house burn (maybe looting it first, police weren't going to stop them)).
Basically this is what we had 100+ years ago, just worse. So pay your fking taxes and stop moaning about all the stuff you get for a fraction of the price you'd get it for from private companies.
Of course he'd rather people go into debt it's more money in his pocket, he has someone else do the math
Excatly! My mom just retired, she was a social worker for 28 years.
@@jenniferbates2811 she did good bc the average working life of an american is like 30 to 35 years so good on her
@@xinfinity1147 thank you. She had to medically retire. She really loved her job. She got her master's degree at 52!
Epic Dude he’s a horrible person
Yeah and that is gonna be me. He pays quantitative analysts $240K/year starting.
I'm south African, a bank teller in America earns quite a lot, but the cost of living is just ridiculously high. 😢😢😢😢
Salary is "subjective" in a way. You could be payed half of my salary, but if everything costs you only a quarter of what it costs me, then you've got more buying power.
@@konkon4754 Then how will the government run without any money?
@@hackerulroman the government makes the majority of its money from taxing the ultra wealthy. They can definitely afford to lose out stealing from people making minimum wage
@@EnteiFire4 the US likes to say it's the best place to live in the world.
I am a near minimum wage worker in the UK (the example woman in this story is NOT minimum wage), I'll do a similar case study (converting my income/expenses into USD).
Current exchange rate is £1 to $1.38.
Hourly rate $12.70, I work a 42hr week.
So $27736.80 a year. Tax, pension and student debt is roughly 30% of my income, $19415, $1618 a month.
Rent (my old rent, my mortgage is way lower), $780 (3 bedroom house, lower income area north of the country).
Utilities $250 (includes phone, tv, internet, water, gas, electric, insurance (both life and property), and tax).
Transport $200 (rough estimate, its probably less actually).
Leaves $388 for food, luxuries and clothing.
Food is roughly if I eat well, $250-300 (that's for 2 people)
I don't have childcare costs, but it I was a single parent I would qualify for significant benefits that would cover them entirely and possibly leave some money left over. There would also be income from the childs other parent.
And I earn significantly less than this woman, pay far more tax, have a pension, am fully insured, have full medical cover. Yeah the US seems great.
Oh and if I had a job equivalent as hers with $16/hr (cutting my work week down to 37.5hrs instead as thats the standard in her industry) I would have roughly $590 a month for food and luxuries, and still qualify for the child support benefits. Frankly the US get screwed by insanely high rents. The only places in the UK with similar levels of rent are in London itself, and they are countered by far higher average incomes.
This guy can be a meme content for sure. "I don't know, i have to think about it" 😁😁
He sounds a bit like our ex-prime minister Mark Rutte. "I have no recollection of that". The poor man said it so often by now, i think it is an early sign of dementia.
This woman is a freaking verbal powerhouse. I have never seen a member of Congress who doesn't get into those ridiculous platitudes and instead uses her time for asking serious and easily understood complex questions. She is one person who I would not want crawling up my nose.
She is a hack and a hypocrite ... why doesn't she support the mother into a congressional job..thats a livable wage..why doesn't she give her 30k from.her own salary a year?.. she can do that..nothing stopping her..no..she wants to complain about the job the mother voluntarily accepted
@@thethinkingmansgame5050 yes she can do it.. but you are missing the point she gave an example of only one woman ..let me ask you how many More people like that lady working in that condition. So according to you she should give all her saving to every person like her she will find..??
Pure BS
Why is it the company's problem that she is a single mother?
Why is it the companies fault she isn't skilled enough to do a task that isn't minimum wage?
The solution here is better family values and putting effort into upskilling yourself
@@thethinkingmansgame5050 Why don't you?
@@thethinkingmansgame5050 They aren't talking about an actual person, the single mother is a hypothetical the congresswoman has used to illustrate the bank doesn't pay all of it's workers a living wage. Maybe for some people, but not for this hypothetical single mother.
This is how my grandma used to talk to people. This is the type of accountability we need.
Rep Porter: “Did you spend any money in the past year”
Dimon: “I would have to think about it”
@@konkon4754 I know that this will likely fall on deaf ears but I thought I'd make a slight effort none the less.
The TL;DR: is that even if Patricia the Teller had no taxes to pay she would still be short $69.50 every month.
Patricia's current budget, as shown by Rep Porter, comes up to $2,992 each month, and I think we can both agree that it lacks several very important things. She would have to earn $35,904 each year (2,992 x 12 = 35,904) to actually meet the budget shown. Patricia's yearly earnings of $35,070 before taxes means she'd need another $834 each year to not be in the red.
Arguing whether the government is corrupt or not actually does nothing here. Patricia wouldn't earn enough money even if the government didn't "steal" the $5,970 through taxes each year (and I'd argue that it isn't theft, or at least not wholesale theft, as taxes go to some very important things).
The answer here is not to decrease or remove taxes. The answer here is to give Patricia, and all people in a similar situation, an actually liveable wage. We don't have to be partisan, we don't need to discuss whether taxes should be a thing or not (in my opinion at least a majority of the money paid in taxes goes to some very important things), and we don't even have to get into whether or not the cost of living would increase or decrease for Patricia if people didn't have to pay taxes (I definitely think they would, but as I said, not a thing we need to discuss).
Patricia simply does not have a high enough wage to make ends meet, even if she could get away with paying no taxes at all. And I think we can both agree that she should be able to afford both getting her kid lunch AND to save money each month for the inevitable medical care that they will need, in addition to the budget Rep Porter presented.
Hope that gave you some constructive things to think about and have a good day!
You can tell she was not one of those(many nowadays) who just raise some social concerns just because they love conflicts or attentions or to prove self worth and for some reason they act incredibly angry. This lady on the other hand was a genuine person and the compassion was evident and she never sounded angry...she sounded fair.
We need many more representatives like her. Straight forward, well versed and gets to the point quickly.
He thought about it, you can't get that rich without slaves
Really? She can quit whenever she likes and you calls it slavery?
Kid, she got those salaries because that's all somebody would pay for her, it's the tough truth but she made horrible decisions with her life, people with good decisions will start with better pay.
Grow up and stop whining about how your life is miserable, countless others are the same, think a bit, pal. Have some shame.
@@markarmage3776 this type of thinking is what keeps people I the stone age
@HousingDinosaur If anybody's willing to pay her higher, they're welcome to do that.
Forcing somebody to pay more than what you worth is actual slavery, pal.
An incompetent employee providing minimal labour should be paid what? Millions?
You just can't accept the fact that she is worthless. Why don't you pay her more for that same labor?
Don't be a hypocrite, stop wasting other people's money.
@@cat11112222 No, this kind of thinking is what makes me part of the group who pays the tax. This kind of thinking gets me the great job, great income, and a burden of morons like you.
Grow up, kid, get a job, pay some taxes. If you're worthless, you're worthless. Don't force others to pay more for the same worthless stuff you provide, that's real slavery.
@@markarmage3776 How about this: workers should be compensated for the wealth they generate, rather than the wealth they generate in our economy being funneled to a few rich parasites who set the rules. If minimum wage jobs are worthless, why do companies rely on worthless jobs? No fast food chain exists without the base employees.
How about people who work full-time jobs get paid enough to afford to keep working that job? You're incredibly naive to think that all people in minimum wage jobs can just get a better job, there will always be a minimum wage; if companies are permitted to pay non-living wages, we taxpayers give the morally bankrupt employers handouts, by supporting their underpaid workers through social security.
While I appreciate the argument she is going after the wrong guy. Say there are 2 people working this position per bank, and 5 banks per state on average,50 states,
If they're all short $567 a month that becomes roughly 3.4 million dollars while the bank should have no problem paying this imagine every company in the country having to sacrifice 10% of their income, the big companies will be fine but the little guys will have a much tougher time.
What we should be asking is why renting a 1 bedroom apartment is aloud to be $1600 a month or a why a diet of Raman noodles costs $400 dollars a month. You can raise the minimum wage all you want companies will just keep adjusting their prices to keep their profit the same. The only thing that changes is now more people live near that poverty line.
The world needs politicians like her .
Legend says he’s still thinking about it.....
😅
Reality is, he never thought about it.
Skitz II 🤣🤣🤣🙌🏼🙌🏼🙌🏼
Akke Jeweet - have you ever said anything original?
I don’t know who this lady is, but I like her...
J Cook yep
She’s the reason why corona testing is free in the US.
L O V E her, like is too small
@Crom what did she have that she doesn't require?
@Crom okay boomer
I've said it many times b4, & I'll say it many times more: I Love Katie Porter & her whiteboard! ❤
1600$ for a one bedroom appartment? Yikes
That man is the poster boy for American greed
Scott Gleeson - Proving an income to 250,000 people is greedy🙄
@@Yui-pm3ql Evidently he doesn't provide an income, at least not a livable one, despite the hours of work provided to his company. That seems greedy to me.
@@bongtian well, in a way he does. I dont defend his crazy salary i mean thats pure greed, but its not his fault that everything else is expensive.
Also democrats in their own states have proven to be just as greedy by not delivering their promises in spite of taxing the poor people to no end.
Republican run states are always richer.
Also that woman's example can be solved in a way by cutting her taxes to the states and federal.
I know for a fact that under Trump the taxes were lowered to at least 700 less taxes, but in Oregon my sister said that their socialist governor actually increased their state taxes by just as much on purpose.
So thats a fact.
Perhaps that would be our president
@@b33b1m0v3 Where you think that taxes should be cut, I think that taxes should be higher and low-income salaries should be raised, so the poor become a little richer and the super rich become poorer so everyone can live comfortably and the goverment has the money to implement social security and health care. Ofc. it should still be possible to become richer through hard work, talent, etc., but everyone should also be able to live fairly comfortably of a full-time job, no matter the job, and they shouldn't fear for their familys future, their economy and their childrens education, the second they become sick or incapable of working.
And that, ladies and gentlemen, is how you properly mop the floor!
Not the bankers fault though. If there weren’t so many workers willing to work for such low pay, he would to raise it.
@@TheBooban no body is willing to work for low salaries. You just end up having to. The top management always charge the cream of the salaries (not to mention their bonuses) and the rest are left with peanuts. The job market is tight and most employers know that you're in a fix so they negotiate for low salaries which you reluctantly must accept. While the top management get jobs from connections and then play a game of you scratch my back I'll scratch yours. This is a problem of corruption. Unfortunately there's very little others can do as the ones who can take action are mostly always corrupt as well.
@@TheBooban you are acting as if there are hundreds of jobs to choose from for a normal person, no there isn’t. When you are desperate to feed your family, you will take whatever is available
@@MasterKey2004 Both you and Andy are completely missing my point and don't understand supply and demand. Andy says "job market is tight", you say there aren't enough jobs. Yeah. That's exactly what I'm saying. This is not the bankers fault. You are too many people for too few jobs! Simple maths, if workers half as many then there would be more jobs for each worker. Then the job market would not be tight and there would be hundreds of jobs to choose from. Get it now?
@@TheBooban they have quite enough money to pay better wages though. Not debatable whatsoever. They are excessing in wealth and not even using it.
I can watch this lady talk for hours.
Respect for her.
OMG I LOVE THIS WOMAN!
When does Katie Porter run for president?? I'm sold. Love watching her speak truth.
This lady must run for president . One honest person . Love you .
Shame on you sir for all you can say " I dont know that " . No , you DIDN'T CARE TO KNOW. Just like all the corporations.
I was well aware that there are to many irresponsible individuals that aren't taking care of their responsibilities. Where is the child support or father? I guess that is the CEO's fault
Micah Vogan maybe dad died
@@joebin3286 you don't get to choose if someone is a deadbeat or not.
At a mid-70’s old timer, you are my hero.
America needs more people like this
"Why don't she just live within her means though?" - People who have never had to live within their means.
@Foppo Leeuwerke Not to butt-in, sorry. I believe both of you are on the same side. It was just a misreading of context. I'm also in agreement with both of you.
@Foppo Leeuwerke exactly, lol. Obviously they still live with their parents.
Wendy Lady haha I think u miss read his comment he’s being sarcastic
Wendy Lady funny thing stupidity lol
Live within her means?!! Your outta your mind. Such an ignorant statement..
I don't understand why people have a problem with this.. take the child out of the equation and the child support (she's not getting), and even the fact that they're in California... She still can't afford to live off of that. I've been in the same position with no kids, no student loans, no car payment, and I live in Florida, and I had $50 every two weeks to live off of. Just me by myself in a one bedroom apt with a college degree working 40 hrs a week. The point is minimum wage is supposed to cover the basic cost of living and it doesn't. I could barely afford the basics making twice as much of minimum wage is in Florida. And I didn't qualify for low income housing because I make too much, and if I did that would be one more person in the welfare system when that benefit should be going to other more people who can't work. My rent goes up $80 a year but my pay only goes up $0.15...do the math. Im losing money the longer I stay at the same company and same apartment. Minimum wage has gone up $1.00 is my state in the past decade.. do you honestly think that is proportionate to the cost of living? Idk why peoplewould be against everyone in this country finally making what they deserve... including themselves. If you think big companies are appropriately budgeting money for everyone's interest and not just the people at the top, you're delusional. They have the funds, they're stealing every bit they can, and people are justifying it (while struggling) instead of fighting for what's right
Amen, Sister! This system really is against everyday working people like you and me. Even if we do make enough money for our bills, we are too tired to enjoy any free time.
No, big companies are definitely not budgeting finances accordingly. I met a guy who works at Amazon. He makes just a little over $12 per hour doing package deliveries. He’s been at amazon for 2 years and he’s now a supervisor of the local warehouse. He can barely make a living with his income, but he gets by. A friend of mine from college just graduated and started an entry level job at Amazon. He makes a whopping $75 per hour excluding stocks and compensation bonuses as a software engineer. He parties every weekend, buys expensive clothes, and travels around the world in his spare time.
Of course the companies are going to look for their own interests first and foremost, but that doesn’t mean you cannot make a decent a luxurious income even as a fresh college graduate. However, if you don’t teach yourself valuable skills or do work that is of significant value to the company, don’t be surprised if you can’t afford a high speed internet and have to share your bedroom with someone else. With minimum wage, you CAN make enough to survive and get by, but it’s not going to give you a decent quality of life, and you can’t complain if you don’t bring any valuable skills to the table.
Thomas Smart Well then grow up. Many startup founders in Silicon Valley that I know of work ~100 hrs a week. They don’t have free time to “enjoy” either. They simply do it because they are passionate about it. You are sitting at home watching and commenting on these videos complaining you don’t have free time to “enjoy.” Entitlement much?
@@asdadishere If everyone took your advice and went to college they would not all get that $75 job like your friend. A delivery workers is valuable. Without the workers doing package deliveries, Amazon wouldn't have anything. Your friend is not more valuable to the company, or necessarily smarter, or better than those who must do the package deliveries. The myth that we have a "meritocracy" is designed to keep workers from uniting and demanding fair wages for all.
@@colibriverde you're wrong. Jobs like that. Like McDonald's, those were meant to be for younger kids. High school, college. They get their vocational training, college education or what not and move on to careers. Then new kids come in and the process starts over. There's lots of problems worth our educational system but that's not one of them. We would still have drivers, etc.
This is intense. God bless Katie Porter keeping her cool despite the evil all around us. Thank you for sharing, great clip. Though itvwas kinda strange I enjoyed the music.
yeh its expensive out here in California tbh
I was gonna say, ‘what about child support?’ but this is literally his employee hahaha
If a female president was to be elected, I’d pick her.
@@safkanjo6687 when
Daiki Cipolloni How about the next election cycle ?
@@safkanjo6687 "when" implies it's guaranteed within our lifespans.
The employee earns $ 35,000 and the vampire senator eats $ 6,000. But the problem is 500 dollars that the employer cannot pay?
If you vote for these bloodsuckers, you will be poorer every time.
Raúl Hernán Navarro I don’t quite follow your argument, she is not a Senator ; She sits in the House Of Represents. We need a working government, so Senators, Representatives and the three seats of government and all of them need to be funded.
The argument lost on you was that the person she was raking over the coals had an astronomical yearly salary yet his bank teller in one of his own banks in the district she represents could not live on the salary he provided.
America. The land of the free.
*Fee
Sadly this exact problem exists in every place there is a job. Making money by default means someone will come out short. Nothing can be taken from nothing, but lets keep pretending thats not true. The problem is society or rather the people in it, wether be it capitalism, socialism or any other form, because having someone above another in perceived power means theres a possibility for abuse. And the solution to this problem? I dont know, i have to think about it.
@@handlmycck One word - anarchy
@@MACTEP_CHOB a wise egirl i had a conversation about this with once said; the people are not ready for anarchy. E: after rethinking that the profecy came true with covid and george floyd. Holy f
New Zealand is land of the free. usa is 17th in line
She forgot to count $600/month of oxygen breathing charges in America
She was great and what a disgrace that people have to live that way.
I hate how even when evil ppl are cornered like this they are still able to dodge responsibility.
@JHeints - solution?
Answer is always MGTOW
JHeints - You’re literally on every comment here buddy, hop off your computer and contribute something of value instead of ranting about how this fictitious lady should be.
This is NOT a hard concept to figure out dude, if you thought about it for longer than 5 mins or at a greater capacity than your pea-brain could comprehend, you might fathom why this is a problem. The fact that you’re saying the opposite doesn’t give it any more weight, it gives you as a personality less.
JHeints - Whether or not you choose to admit it to yourself, these statements and opinions will affect your life trajectory. I hope it isn’t too harsh on you when it happens because unlike you I have capacity for human empathy, but mark my words you’ll learn to regret yours one day.
JHeints - Make sure your house is in order before you start judging the affairs of others.
If you decipher his answer through google translate you get; "I don't know because I frankly don't care about you little people."
why should he care? if someone’s willing to work cheap then it’s not their fault for taking them up on that offer
Why is it his fault that she is a single parent? Why is it his fault that either she didn't go to college or she got a useless degree? Why is it his fault that she chose to work in a position that doesn't meet her needs?
Clayton Realist Clayton Realist it is her fault she is a single parents and that she is a parent. She shouldn’t have had a child if she wasnt financially stable. Remember she chose to accept that job, no one forced her to do so. You are just trying to blame laziness and no ambition on other people instead of actually making a change. Low Skill Labor = Low Pay
@@AlexSmith-uu2yh That is basically what I said Alex. It is her fault.
Clayton Realist oh yeah my bad I read your comment incorrectly
The real problem is a 1 bedroom costing 1600
Maybe instead of looking for wage increases, they could try to lower the cost of living. Politicians never want to address the root cause of issues. The cost of a cheap apartment should not be that high. Apartments in Louisiana where I live cost HALF that. What can be done to lower base monthly rent costs?
Rent is higher in places where people actually want to live. This is called Supply and Demand.
Why don't you come up with the solution?
You just said politicians never want to address the root cause. I'll give you 10 years to think about a long term solution.
Lets see you answer a question which involves ever-increasing demand with a finite supply.
There are many, many factors that have made the cost of living so high. You can spend the next hundred years sorting all that out and doing nothing in the short term, or you can do that _and_ question why CEOs get paid these massively oversized salaries that they're literally leeching off of their hardworking employees.
This should be broadcast on the TV screens in Times Square. Then maybe we can get enough people that live like me to see...these corporations could give 2 flying pigs less about their employees/customers"
they get MILLIONS...even when they get fired from a job
The sad part is a lot of Americans don't know that the gap between the richest and poorest have grown since the 70s. People wonder why we have high divorce rates. Both parents are working hard to make ends meet. They barely have the energy to self care, let alone for each other. Don't get me started about death by suicides & mass shootings. We're all working ourselves crazy!
Old Man Mercenary
that would be amazing, wouldn’t it? I’m laying here eating my popcorn watching Katie Porter binge TH-cam. she’s awesome
@bad bad mc bad I hope you realize you need those working at the bottom. Who is gonna serve you in the restaurants? Who is gonna cook the food in the restaurants? Who is gonna clean the streets? Who is gonna work in the sewers? Who is gonna take your trash? You sound really spoiled.
@@kirstieb8025 maybe you should use your free time to improve your skills and get a better job
This women is out there somewhere and she's got my utmost respect. You're a real hero ma'am. I bow down to you.
Kindness can only take you so far
Those who were once kind
Know what I'm trying to say
Cause we all felt the pain.
I used to work for $10 an hour in the US. That lady is rich at $16
His face seems to be annoyed at her. Almost looks like when-will-you-shut-up kind of face. No empathy on his face.
Well they're not people so you can't expect them to know what empathy is.
@@aby110 Yep just Aliens seems the appropriate name for these things.
I think he's waiting for her to make the case for why a private corporation should offset the consequences of public sector decisions made and compounded over decades.
It's a fair thought process if that's the case. Incidentally, it's also the same framework behind the question of why the government should intervene and absorb the costs of decisions made by corporations...
@shooter4hire shooter4hire you are grossly missing the point. Corporations will do everything in their power to take advantage of people that need their job. If you're sitting here telling us that it's not his responsibility to pay the people that make him millions of dollars at the very least a wage that they can live on without going into debt then you are part of the problem. How does it make sense to you that the people that make him all of his money don't deserve to make a fair wage? So you think that because this man wants to line his own pockets as much as possible the majority of ppl that work for him are expected to sacrifice having a family? Buying new clothes? Eating something other than ramen? It is absolutely his responsibility to solve their problems when his refusal to pay a fair wage is what's causing those problems.
@shooter4hire shooter4hire ppl that think like you don't seem to be able to grasp that we have hundreds of thousands of jobs that are what we call "unskilled labor". These jobs need to be done by someone, not everyone can be a business owner or lawyer or doctor. It is ridiculous to sit and say that the ppl providing you a service that you demand don't deserve to live. So who gets to decide you're worthy? Is it you? Is it the millionaire CEO? Or is it something we all deserve equally? I'll give you a hint, it certainly isn't you who gets to decide.
Can we just get the guy a t-shirt that says “I don’t know, I’d have to think about it.” ?! 😂🤣
We'll think about it.
He is among most powerful ceo on planet ,
ayush kumar So he can’t wear a t-shirt ?
We don't know, we'll have to think about it.
Only if it haute coutour, designed label, and hand crafted of finest silk.
This Lady is more than a national treasure,She's a WORLDWIDE TREASURE!🤗
You’re a fool. The lady in the very beginning made a point that the employee made 35k before taxes and after taxes she was down to 29,100. She doesn’t even make a peep about the fact that the first person to rob the employee was the government, instead she passes the buck onto the ceo. People working Minimum wage shouldn’t even be taxed to begin with, but let’s overlook that because the rich CEO is the problem (sarcasm) not the government who’s stealing that poor ladies income. Now combine that with the local state high cost of living, due to the high taxes on gas and such,.
The problem isn’t with the bank. The problem is her life choices (single mother with child), location (1br apt for $1600), and choice of job (that’s what a bank teller pays).
The bank is in no way forcing her to work there. She agreed to the terms and salary voluntarily.
"I don't know, I have to think about it while chilling on my private yacht parked at my 6th Holiday home in the Caribbean"
It'll be docked at a tax haven with the rest of them.
@@Casual_Comment a tax haven paved and built by governments... can't blame someone for doing something legal.
@@Iivprideviii lobbying
@@Iivprideviii well, technically not as these economic sovereign states are funded privately. But yes dirty politics has allowed itself to relinquish power to them while still under their protection, our protection.
haters gonna hate.
Two numbers stood out to me:
- apartment cost of $1600 a month for bare minimum.
- Paying $6k in taxes for an income of $35k when you ARE A SINGLE PARENT WITH A CHILD
Those problems should be much easier to fix than getting companies everywhere to adjust their pay scales for every employee.
I love It when Katie Porter gets these FILTHY RICH CEO types into a corner with questions to which they can't connive and BS their way out.
Katie is like Captain America but her mighty shield is her whiteboard..Lol
Legend has it - He's still thinking about it....
-Sir, you have to repay your loan now!
-I don't know, I'll have to think about it...
I'm not defending bankers, but this financial model makes a lot of assumptions.
There are also a lot of assumptions it misses. Like this person ever spending money on any kind of quality of life beyond struggling to make ends meet. Wages need to rise and greedy slimey corporate snakes like him sucking billions out of the economy to stuff in his fat bank account even though he already has everything money could buy him should be the ones who give up some wages to allow it to happen. Most of the employees he pays peanuts to make his money for him probably work harder than him on top of it. People like him are the biggest problem this world faces.
How? Can you make it better?
You bring me to tears Rep. Katie Porter at the thought of millions of people trying their damnedest and still sinking in the mire of the so called richest country in the world. It is all a lie.
Kaite porter is both Harvard and Yale graduate. Of course she has to be smart.
Steven Choo not the point but didn’t yale and Harvard accept bribes
@@bobxie8634 that only people like the JP Morgan chase CEO could afford to pay. It's also bribing admissions, to lie on their child's application to make it seem better
@@bobxie8634 you know how expensive ivy League is ?, much more bribing it and you know the child also need to be able to keep up or he get DO
She is very clever
@Ice Iris You have to be smarter than the average person usually to get in. Indoctrination is in everything. Your reply doesn't mean much when you take that into consideration.
She's like some kind of super mum she needs a cape
Yas, super mum to defeats those undead karen!
BIG Bank CEO: you live outside you're means.
Me: I live inside a cardboard box. 😶
BiG Bank CEO: In what neighborhood? 😌
Me: 😶
PLEASE RUN FOR HIGHER OFFICE! I'm from Michigan and cannot wait to see your common sense attitude and amazing storytelling (this is how you tell the truth so people can internalize things personally...and that matters immensely) would change the world.
“It pays 16.50$ an hour-“ wtf, wait wha, since when did i see jobs that paid more than 15
What I don't find logical is paying 1600 a month in rent WTF? For a 1 bedroom apartment, that's like a nice flat in a big city in most places and what people do, if they can drive to work is add 5mins of commute a day and save 600-1000 a month in housing
@@ElAdri1999 Welcome to the housing market in California...and really all of the US. There is nowhere that you are going to drive where in Irvine, CA where you will find a 1 BD apartment for anywhere near $1000.00/month.
Her point was that if you make minimum wage, you don't have the personal finances to own or mortgage a house. So either you rent a house or you rent a flat. Either way, it is not going to be $1000.00/month.
Also, that is not a nice flat in any big city in the US: not Los Angeles, not New York, not Chicago, not Seattle. Nice 1 BDs start at $2000.00/mo if you are lucky.
@@Ennui83 yeah, then get pregnant and you loose 15.000$ for the newborn without any complications. Just a couple doc visits and a slightly longer operation and your husband wanted to be there and you as mother wanted to hold ya baby.
Better wish for a healthy baby then..
.
to be fair, it was $16.50 per hour for a lady working full time at a bank. which rounds up to about $2.7k a month. that’s not really enough considering she works at a bank
We need more people like her in politics, periodt.
@@sawyerswitzer What the heck is a Steven Universe, periodt.
I'd hate to see this woman on her period, period.
The employee earns $ 35,000 and the vampire senator eats $ 6,000. But the problem is 500 dollars that the employer cannot pay?
If you vote for these bloodsuckers, you will be poorer every time.
@@raulhernannavarro1903 Dio is a vampire so I would put my vote for him.
What this lady does not mention is that there is government assistance for most of the costs listed. I have lived off less and it wasn't fun, but I did it. The stress of not having enough is also a great motivator for improving your skill set and progressing in your career.
While I'm sure banks and other big companies could benefit from caring more about the welfare of their employees, we can't exactly expect low skilled jobs to pay enough to support a family at 40 hours a week.
Yes we most certainly can! Take into consideration the average CEO makes about 8-10 million a year, while the standard of living at its highest doesn't change after 150k a year (meaning you can afford to live in the best houses, drive the best cars and eat at the best restaurants). So even if said CEO had the skillset of God being able to raise planets from a sneeze, does it make sense that he takes home 850k more than he/she actually needs while his employees can barely pay rent and feed their families in spite of working fulltime job?
The only reason there is government assistance is because companies like these do not pick up the slack in an inflated economy. If not citizens would start dropping like flies or resort to crime to make ends meet thereby inversely affecting the countries GDP. The fact that the government has to step in and set a minimum wage is counterproductive because of the ripple effect it creates and eventually raises prices again. But if they don't, then CEOs like these would still be paying a dollar fifty an hour and employees like you would gladly accept it, turning to the government for assistance
@@sohanpereira2984 If the CEO donated his entire salary of 8 million and gave it to all his 60,000 employees, that would amout to a $133.00 per year raise. Also, how are you planning on limiting every CEOs salary to 150k per year? By law? Who wants to live in a society that controls its citizens to such an extent?
What would be the incentive to innovate and take on all the responsibility of running a huge company if you can never make past a certain amount? People are not that altruistic. The rich would just flee to places with better prospects like what has happened in Venezuela.
Companies would not pay 1.50 per hour because nobody would work there for that wage. We already know that because most companies pay above the minimum wage already without any law or regulation requiring them to do so. Wages are based on supply and demand, not minimum wage. Call a plumber and ask him to fix your sewer pipe for 20$ and see what he tells you.
I can't believe he can't figure out the answer: Pay her more than $16.50.
I absolutely LOVE every video she is in...we need more people like her in Congress
He’s sitting there with such a smug look like “why is this peasant talking to me”
You would be to if you were being asked childish questions.
@@ronnied1172 In what way are these questions childish?
@@chefboop3735 It's not the problem of a businessman to cover your expenses. They advertise how much they are willing to pay for a certain position. It is then up to the individual if they want to apply. You don't get to apply then start complaining that you need more money.
@@ronnied1172 So it isn’t an employers responsibility to ensure its workers are safe?
@@chefboop3735 Safe from what?
The 2 numbers that got me was 31 million on salary and 2.6 trillion as net worth for the corporation