A $15 Minimum Wage Will Hurt Workers | Man on the Street

You know Walmart this company they started they started with one store and now they got hundreds of stores all across the country and Make tons and tons of money. Is that a bad thing that the the people in charge of Walmart are very rich? Yes, they're exploiting their employees by not paying them enough for the work that they do Why do you say that because they're so rich and all they don't actually work in the stores or anything All they do is sign papers and attend meetings They're the ones so the guy who like started Walmart he incurred a ton of risk by doing that You know He's the one who put down the loans and started got the building and took all the risk to make that happen So don't you think it's fair that since it's his company. He's able to make a good profit off of it I mean sure he's able to make a good profit off of it But it doesn't mean that you shouldn't pay your employees what they actually deserve. Yeah How do you know what the employees at Walmart deserve think someone who checks bags is as valuable in the company as Someone who started the company? Well, I don't say that they should make the same but I feel like as the as How much it costs to live in this country goes up I feel like how much they make should go up to Just like the minimum wage is about to go up. I feel like that should have been done a long time ago I'll tell you in Walmart's example If you took the CEOs of Walmart's salary and divided it between all of the workers at Walmart all the people who are employed Every single person at Walmart would get about $10 Okay, I just think minimum wage should be raised in general Yeah, it's like if you have three people working at Walmart and then they raise minimum wage to $15 an hour Did you think they'd have to fire one person like let's say they were all getting $10 an hour and then they raise it to 15 When they have to fire one person to keep the same profit incentive I think that Walmart is such a big company that they won't really need to do that Let's use an example of small business then like I'll say you have a restaurant, you know And you're paying them all three people $10 an hour. They raise us to $15 an hour How do you afford to pay that last person more money when the government imposes it on you? I guess if it's a small business, they just wouldn't be able to do it Yeah, you have to shut down or fire the person or cut the hours of everyone that would make small businesses really struggle Yeah, so do you think raising the minimum wage would be a good thing if it's going to hurt all these small businesses like that honestly, I'm sure I would have a better opinion if I really did some research on it, but I Couldn't and yeah, they did this in Seattle. They raised the minimum wage to $15 an hour in Seattle They saw that people's wages were cut people's hours were cut and actually there was a gross Loss of income for households by $125 a month when they raise the minimum wage So it's at the opposite of what they actually wanted it to do Really? I didn't know that. Yeah They wanted to raise it to $15 an hour by 2020 I believe it did like a four-year or seven-year plan or something like that in 2014 To raise it and actually made people poorer by doing it And then I think in terms of like the big business thing that you're saying Like that would only make big businesses want to you know, like a Walmart. We're just using Walmart example again But like they would want to get kiosks and self-service instead of having people if they raise the minimum wage You know, you just get a robot to do it for free. That's true. Yeah, I can see that Well, thanks for talking to me sorry that got kind of off track and we were talking about a lot of stuff Yeah, is that interesting for you? Anything? Yeah. Yeah, I don't I talk about it with my friends a lot But I feel like talking to people with different points of views is always interesting What's up guys, thank you so much for watching this video Prager U is a 501c3 organization Help us keep our videos free by making a tax-deductible donation today. I'd really appreciate your support