The Price of Raising the Minimum Wage for You & The Economy
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 15 February 2021
⏱️ 9 minutes
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Summary
In todays video Patrick Bet-David talks about minimum wage and why you should increase your value in the market place instead of relying on the government to increase your wage.
Watch the video here: https://youtu.be/plgCm8PzAlk
Transcript
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| 0:00.0 | Minimum wage, 15 bucks an hour, looks like they're forcing it through with the $1.9 trillion stimulus and you can't vote for it |
| 0:07.8 | I can't vote for it, just to benefit of a political party winning presidency, Senate, and House, and the other side has to pay a price |
| 0:15.4 | But I just want to give you a couple of stats here and I'll make my case due to small business owners and individuals |
| 0:20.4 | Do you know what's the highest country that pays the most minimum wage in the world? Australia? You know what it is? |
| 0:26.1 | 1260, you know Australia is known to be a socialist country |
| 0:29.7 | Do you know the next one is France at 1210 then Germany 1180 then Netherlands 11 bucks UK Canada South Korea Japan then it's US |
| 0:36.9 | You know what Russia's minimum wage is $2.40. You know what China's minimum wage is you do not want to know China's minimum wage |
| 0:44.3 | By the way Norway doesn't have a minimum wage |
| 0:46.4 | There's a lot of countries that don't have a minimum wage |
| 0:48.2 | They just trust the fact that the business owners are going to take care of the employee and they trust the fact that the employee is gonna |
| 0:53.2 | Work so hard to create high value in a market place at a pay more |
| 0:56.0 | They don't say the government needs to come and do what they do so a lot of these countries and the top five minimum wage |
| 1:01.5 | Are hired than us and we're about to be number one at 15 bucks |
| 1:05.0 | They're socialist and now you beat all the countries around the world in minimum wage and they're socialist |
| 1:10.5 | What does that make America? I don't know but you put the two together. It is what it is |
| 1:15.8 | So what does the minimum wage really do and then how does this apply to motivation Monday? Let me get right into it |
| 1:21.8 | So number one |
| 1:23.8 | Adam and I are sitting here talking and says Pat I said I feel so bad for these small business owners |
| 1:29.2 | Is Pat why do you feel so bad for small business? |
| 1:31.0 | So I don't feel bad for small business owner |
| 1:32.6 | He said they know what they were doing when they got into business. That's not like it's anyone's fault |
| 1:37.1 | They knew they were going to business so if they go out of business because a minimum wage that's their fault |
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