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  • I'd love to know how many liberals think they're actually helping with these govt dependent programs compared to how many know their creating govt dependent people/voters. Larry Elder, a black lawyer said it best. Welfare is the 2nd form of slavery.

  • @gcxred4kat9 A lot of liberals work in the poverty industry. It's how they make their 'living'. They have a vested interest in keeping people poor and stuck in a rut.

  • This guy is wrong, a couple of teenagers with money in their pocket is one thing but during todays time we see many jobs filled by grown adults trying to live off of what they make at a grocery store and thus live in poverty. Essentially cutting the wages and hiring more just means more poor and the people that were closer to middle class are now worse off.

  • Bigger government creates largetr problems for most societies specifically including the black community in the United States. The government is ready to hand out benefits for the Black community which makes the black community easier to fail.

  • @Zahav007 - true

  • Everything liberals attempt to push on us ends up causing 10 times more harm than the good they said it would do.

  • Paul/Williams 2012

  • Maybe Walter will run for president, if we make it another 4 years.....

  • This video must go viral so as to educate / warn our citizens of the failure of governments and it's true design! Thank you Walter Williams,

  • To the folks who responded. I apologize. It's black people's fault entirely that this happened. Ignore the correlation between hand outs and poverty. To Qissis, the fuck you WUT? I'm sorry, being a woman in her last year of a financial math and economics degree with a com sci minor, I don't understand men using terms like "death society," or suggesting that women "need" a man. I understand numbers and evidence AND systematic poverty, but you blame female independence.

  • @beigelycheenut Black people are a target. Independence is good for everyone, regardless of race and/or gender. We are indvisible , therefore, we need each other. You're young and naive; I forgive your ignorance. Congrats on your programming! I am saying that females are being manipulated and used through their materialistic and emotional nature. If you are in a healthy relationship you work together toward a goal while simultaneously developing yourself individually.

  • @1963danno Yeah... all those amazing jobs in the ghetto. It's not that easy. You incentivize dependence, that's what you get. You incentivize selling drugs on the black market, that's what you get. You turn poverty into a generational disease, that's what you get.

    For someone born in '63, you have the same grasp of the world that I'd expect to see from a 9-year-old.

  • VOTE RON PAUL 2012

    A vote for Dr. Paul is a vote for yourself. He wants to limit gov intrusiveness in our lives & allow US to make our own choices. Stop politicians and the elites from thinking that they are so smart that they know how to run our lives better than we do. He is one of the few politicians that will make difficult decisions, he will balance the budget by his 2nd year, while other politicians plan to balance the budget after their term

    LISTEN, UNDERSTAND, DECIDE. RON PAUL 2012

  • Welfare has been around and is available to all races not just blacks. Nothing has destroyed poor neighborhoods more so than the war on drugs because it empowers gangs to do what they do. No form of prohibition works and we have seen that with prohibition in the 20's -30's. Most black people arent on welfare and its an insult to their intelligence and their race.

  • i love those men. So much sense!

  • Comment removed

  • Here is something that should be understood BEFORE A PERSON GRADUATES HIGHSCHOOL!

    watch?v=8eHDZSgNFbs

  • It gets worse. The sub-standard education system & present day culture of "buy now, pay later" has resulted in high school graduates without any financial skills so they live "paycheck to paycheck" & don't realize that if you live like your broke today, you don't have to live like your broke tomorrow. That is one way people become millionaires without growing up rich. Another thing that hurts upward mobility is capital gains taxes.

    watch?v=EkcJe4d13Ts

    watch?v=ITOga0LX8lE

  • @MrConservative608

    Exactly, and what's worse is that because "the rich" make most their $ through investment, people are crying to increase the capital gains tax. But ANYONE who has even fifty dollars or so can put it in stocks to essentially gain (or the safer route, index funds). Kind of funny how in an odd sense, the middle class is also responsible for destroying itself.

  • @fountainherz I live in Madison, WI and the frustrating thing about the Union protests, IMO, is that those Union teachers & other employees can become rich through investments. They say they live paycheck to paycheck on $40k/yr or more salaries? Most people get the most expensive house they can qualify for & then get the longest mortgage possible, yet I wonder if people did the opposite and paid off their house ASAP, how long would it take to be a millionaire if you invested the house payment?

  • It's a conspiracy to destroy the so-called Black family: Kill the man and keep the women, brain-wash the women and control the children. Empower the women, lock-up the man,( Utopia for the powers that be) and grief , sorrow and hell for us.

  • @Qissis Yeah. Fuck empowering women. That never got anyone anywhere.... Oh wait that's completely stupid. Keeping half the work force in the kitchen isn't working well for the Middle East, and it won't work for us.

  • @beigelycheenut If you gave the work force 40 acres and a mule, as promised, they would have been self sufficient - a proper integrated society. Women are, indeed, powerful and are used to keep men focused on the material attainment to live comfortable. Today the nuclear family is similar to chattel being prepared for the kill at 65; unwittingly given choices to take part in lifestyles that are advertised to induce a slow death in Western society. What's your choice ball or sword? I'm sword.

  • @Qissis Sweetheart, that's all lovely, but you're using your literary prowess (which you have, congratulations), normative statements, and emotional pandering to make up for you lack of any ability to look at the real world, the dollars and cents, and the economic facts of the matter You're useless. What W.E.W. is so famous for is his ability to translate econ facts into eloquent statements, and not his ability to take his muddled opinion and translate it into well written garbage.

  • @beigelycheenut The real world is dollars and cents but the money is fiat, therefore, it is not real. Your world is an illusion. Wake the Fuck Up!

  • @beigelycheenut When you make women feel that they don't need a man but and substitute the corporate government entity. Then the woman does get fucked by the government where the children grow up dependent on the system that encouraged the bullshit. It's called systematic cyclical poverty and has nothing to do with the Middle East, Asshole; but everything to do with a death (debt) society. Peace.

  • @Qissis Refer to latest comment. And directly to you, again, if you don't understand the most straightforward of my point, the Middle East comment, then you really made me lose a little more faith in the human population. We never say a man "needs" a woman. It's always the reverse, even if she's financially independent (like me). Women NEED to be responsible for their livelihoods as much as men. Cunts like you say the problem is that we're not in "Leave it to Beaver"-land.

  • @beigelycheenut We depend on each other i.e. man and woman. We are indivisible but made to fight one another that is the plan. With all the programming you say you have through the educational system you are still ignorant at how society works when it comes to the African diaspora a.k.a. prisoners of war.

  • @Qissis : so don't do illegal drugs, stay working even when you don't feel like it, avoid the BET hip hop mentality like the plague it is, and obtain increasingly lucrative skills at the jobs you do have.

    Problem solved, and you both blame and trust the one person you need to blame and trust: YOURSELF, the individual!

  • @Qissis I agree to some extent however you need to take race out of your statement.

    as it becomes a racist statement. Blacks especially are racist.

  • Comment removed

  • 4:42 - if minimum wage eliminated poverty, why stop at $7.25

  • @CFALC0N Likewise, if having no minimum wage would mean employers would take advantage of their employees, then why don't employers pay everyone minimum wage? ... Just pay the legal minimum and take advantage. ... Because wages are not arbitrary, they are determined by supply and demand. The minimum wage, on the other hand, is arbitrary and hurts everyone.

  • Have you noticed a difference between conservative blacks and liberal blacks? Conservative blacks work, don't commit crime and love America. Liberal blacks live off the government, commit crime and hate America. Guess which group Obama appeals to?

  • @MrCope456 That is an overgeneralization, idiot. You are one reason why blacks wouldn't want to join your ranks. Glad I am a libertarian and stay away from that partisan bullshit

  • booohooo life is so hard for us black people.

    who gives a shit?!

  • Someone works for $10 an hour and I say I will do it for five. I am hired and start showing that I am worth keeping. So why would I not get paid more in that time. Especially if another company was hiring after awhile. What if I sir past the other guy in performance. I really believe that I wouldn't stay at the $5 mark for long.

  • If minimum wage was not 7 dollars and 25 fucking cents an hour, then perhaps I could see it as a disincentive towards innovation -but it is.

    If fast food and retail companies could pay less, they would, and the very same people would be working for them because they wouldn't have a choice.

    A business like Walmart makes over 200k per employee each year! The only people who can't produce work 'worth' the $7.25 are those who physically can't work, be it in this system or any other.

  • @bundle05 If companies could pay anything they wanted, they could hire more people. This would start competition for good workers by one company paying more to keep the good workers. It would also change the idea that you would have to automate the work in order to make the product cheaper. I do not believe that every one is worth the minimum wage anyway. I have seen companies keep these people because the good ones were at a higher paying job.

  • Easy to see that some people here don't understand that the cost to employ someone goes WAY beyond their salary. Mandatory benefits, legal liability, taxes, and workplace regulations, etc all figure in the cost. Since the cost is so high, it's no shock that many businesses are moving overseas, or the ones that are staying put, they're trying to grow/expand by hiring the least amount of people as possible.

  • @CrimsonFlameRTR Just to add to your statement. Electricity, heating and cooling, maintenance, insurance. If you have 100 people and give each a dolor an hour more, that would be $40 extra for that one, but $400 altogether. Just for one week. People just do not realize the cost, they just see the profit that they do not rightfully get. They do not take the risks.

  • need to remove min wage

  • is that guy that got punched for calling a wrestler fake?

  • @Timb0NZ

    yes.

  • @Timb0NZ yelp

  • @TheJasonDR this guy looks like flanders

  • @Timb0NZ haha yeah he does 

  • To be honest when ever conservative shows such as Fox talk about blacks its always crime and welfare because that sums up their opinion of the black race in America. Ive never heard of a conservative make plan for job creation because they have none. According to conservatives blacks just dont want to work and are shiftless they are racist and most conservatives are racist. Williams is kow towing to a racist order. Slaves were bread through rape and the father wasnt permitted in the home.

  • it doesnt even pass the smell test. exactly

  • A good job is the best social  program in existence ,business creates jobs...Government ,get out of the way....

  • I wish Walter E. Williams was our first black president. At least he can do basic math

  • Any topic about black people that appears on Fox is or will be presented from the kook right wing perspective. With at best only 10% maybe accurate.

  • @mreconomics1000 oh yes!~Because The policies of the Far Left have done Wonders for my people.Absolute WONDERS!

  • @mreconomics1000 oh, then why don't you reveal the 90 percent of presented facts that are false, hot shot...this is why your people will never match others and will always be a burden.

  • @Averyofthemain First of all Fox news is not that much of a difference from 1930s and 1940s Nazi propaganda a blind man could see that. The best source of accurate news in America is PBS, followed by foreign broadcasters such as BBC and Canadian news. Second, it appears that you have a great deal of self hatred and should seek some help. I recommend a local mental health facility and finding God/religion to relieve your anger.

  • walter e williams is my hero.

  • What is a statist

  • @zenith2070 a statist believes that absolute power should reside in the state (the political class), and therefore is a basic opponent of individualism or individual liberty.

  • @fzqlcs thanks for makin that clear and fuck that the people should decide on everything don't know how that would work out but at least u know whats really goin on

  • @zenith2070 the people should decide on as much as possible regarding their own lives, not other people's lives.

  • about the welfare, i would take the money the government gives me and use it to pull myself out of poverty. Use that money to invest in stuff that would help me out of poverty. i wouldn't just keep taking money from the government without putting it to good use.

  • about the welfare, i would take the money the government gives me and use it to pull myself out of poverty. Use that money to invest in stuff that would help me out of poverty.

  • I love this interview but I found it funny that at 3:20 he is sitting next to a box of Premium Crackers.

  • Walter explains basic economics so that even the most simple minded collectivist liberal can understand.

  • And THIS is another one of the reasons to support Dr. Ron Paul for President!

    If you're ready for some REAL change go RIGHT NOW to RonPaul2012 and donate to Dr. Paul's 'End of Quarter Push'! It's a vital time to donate so that we can beat the FEC's June 30th filing deadline!

    You can also visit SpeakUpUSA for more info

    LONG LIVE THE REPUBLIC!

  • Why do those of us on here posting understand this. It is so simple. It is common sense in reality isn't it? I mean we do have actual numbers to back this up. It isn't as if it is an opinion. It is a fact correct? So why is it we so easily get this and understand this, and so many are incredibly naive, or to put it bluntly incredibly stupid? If you look at the leftists in this country, do you actually like any of them personally?

  • @SuperGuitarman69 Because most people aren't interested in what's true. They decide ahead of time what conclusions they want to reach and try to find justifications for it.

  • @CernelJoson So true

  • @SuperGuitarman69 I have many liberal friends whose company I value for different reasons. They typically produce superior art, music, comedy and other entertainment and service related products. My conservative friends tend to be better at business, technical subjects such as science and economics as well as being on the whole more personally responsible. I don't want conservatives anywhere near my art, music or other entertainment. I don't want liberals anywhere near my government.

  • @Huboons News flash. I AM HIGH UP in the entertainment business. I played this week with Branford Marsalis and I am a session player. Which means that I play on a TON of records. I am well known and if you must know? You couldn't be more incorrect. You see the stupidest musicians (and some of the least talented ones) speaking out and spewing leftist views. The truth is, it is about 75/25 conservatives to liberal. Including LA and NY. That is NOT just Nashville. You hit on something I Know.

  • @SuperGuitarman69 "I am a session player" - yeah and who did Branford (the one with actual talent) vote for? I've been in the business myself and not as a hired gun but as a published composer. You are fooling yourself. Musicians are 95% statist liberals and 5% conservative individualists at BEST. Lie to yourself if you have to but I KNOW better.

  • @Huboons Of course you are. No I am in the trenches. I know a ton more than you. You are a composer? So what. A published composer? I know of no writer that calls themselves a published composer. I have had songs on Human Target, several movies, and ESPN. I do not call myself a composer. That is major suspect right there. John Williams is a composer. And I doubt you are John. So just leave it alone. You are a statist and are in the minority. Most creators are not stupid and statists.

  • @SuperGuitarman69 How am I a statist? Please point to one thing I have said to support that.

  • @Huboons You have not. If you are not then I truly apologize for that. That is like calling someone a moron in my opinion. I was giving a rebuttal to all of us in the world of the arts are statists. That isn't true. It holds true more to the costal regions true, but I am being totally honest when I say I can count on one hand those that I know are statists. I had a 10 o'clock today and I asked the guys in the studio if anyone would consider themselves left. It got a huge laugh.

  • @SuperGuitarman69 It's not calling someone a moron, its more like calling them a thief. I have used the liberal/conservative axiom I mentioned for 20 years and it has rarely failed me. I'm willing to bet I don't like anything you have written based solely on the fact that you are "conservative." There are always exceptions (David Mamet, and I wasn't surprised he "came out", no one who wrote the "coffee is for closers" scene could be a liberal collectivist) but I'd bet money on it.

  • @Huboons I see your point. But I have this front row seat daily and I just do not see it. In fact, I see a lot of former liberals that no longer can hang with the statist/communist/liberal/prog­ressive/socialist whatever agenda and flavor you want to call it, switching to libertarianism. Mainly because they are for civil rights. There are a few however that cross over due to they can see the economic collapse their party is creating. Conservative vs Libertarian? That is a great system for sure!!!

  • @SuperGuitarman69 the problem is I've already proved one of your "front row" examples to be false. You said BM didn't like Obama and I found that he donated $10,000 to his campaign. I'm not trying to be a dick but lots of people think they are not collectivists but actually are.

  • @Huboons Oh I have no doubt that he could have. There are a ton of people out there that really do not understand politics much less economics. He is more than likely one of them. But I know for a fact he isn't going to be supporting him this time. He said so. But you could be correct. He very well may be a collectivist I do not know. It would make sense. The democratic party bought off the black community years ago and got them sucked into poverty (never ending poverty)

  • @SuperGuitarman69 The bottom line is ALL politically based government is immoral and basically slavery. There is no political path to freedom or prosperity. Collectivists and Individualists can no longer co-exist under the same governing system. Like a bad relationship that has gone on for the sake of the kids, its time they went their separate ways. Preferably by vote, but by civil war if necessary. I hope I live long enough to see the U.S. split up along those lines.

  • @Huboons It's not that there should be no government. It is that the government should be limited. The way the founding fathers intended it. Leftists are communists. There is no sugar coating that. We are getting closer and closer to a civil ideology war. My solution is to give the left 3 states. The 3 states that they have already started to bring down. Michigan, California and Illinois. Let people who want hand outs and gov cradle to grave to control their lives head there. BUT 0 BAILOUTS

  • @Huboons As far as Branford is concerned I honestly do not know his political views. But I know that he doesn't like Obama. He is a really cool guy that's all I know. All of my musician friends (and this includes Steve, Dave, and all my LA friends) are Conservative or Libertarian. I know of only a handful of statists. And they get the 3rd degree from us. So no, you are completely inaccurate on that. We are in this business do to the free market. No free market, no music riches. PERIOD

  • @SuperGuitarman69 60 seconds of internet research finds that your buddy donated about $10,000 to the Obama campaign. Not only are you completely ignorant of your own sub-culture's statist leanings but you are a liar as well.

  • Which is why I have a problem when people complain about illegals/overseas "taking" our jobs. Since they get "paid" what they are worth in working for. IF any one person could say with a straight face they would work a farmers field for 5 bucks an hour, or put together computer components for 8 bucks an hour. And NOT complain about it. Then do it.

  • "The State Against Asian-Americans." Interesting that that's a video never made. Williams is right, but cultural values factor in, as well.

  • Two heroes in the same video. :)

  • THE PREAMBLE NEEDS MORE POWER.

  • there are live examples in the world of all the countries that have no min wage law of some sort. Check them out, once the min wage law is dropped all other living standards will drop. Oh yeah lets be a 3rd world nation, lets get rid of the min wage, lets also get rid of all regulation, while you are at it ...yeah lets get rid of damn traffic lights too.

  • @MAZDAKPRODUCTION You're confusing cause and effect. It's not that rich countries are rich because they have a minimum wage; they can more easily absorb the distortion of the minimum wage because they are rich. If you implement a minimum wage of $100/h almost everyone in the US would lose their jobs. Same thing if you have a more modest minimum wage in poor countries.

    And intersections without traffic lights have been highly successful. watch?v=vi0meiActlU

  • @CernelJoson "they can more easily absorb the distortion of the minimum wage because they are rich"

    That has to be the best put explaination I've ever heard.

  • Politicians are a bunch of Socialists... They are so eager to fight the so called "Class war" that they let people become slaves to the state (system)... Go back to the founding fathers vision,, and America will see enourmus amount of equality and prosperity.

  • Always thought the minimum wage created inflation, but did nothing to help the poor, not that they should be helped.

    Country folks know this, they would offer a hand up to a neighbor in a second, but forget the hand out, they wouldn’t take it anyway, no one worth their beans would.

  • The 10% of economics who think minimum wage does not create unemployment work for the Obama administration.

  • @groam6666 I find that 10% figure to be astoundingly high. Just how can an 'economist' NOT understand such a blatantly trivial application of microeconomics 101. I would simply flunk any 101 economics student who answered that question wrong.

  • Sheila Jackson and John Lewis disliked this video.

  • Hiking up of minimum wage has caused supermarkets fire checkout operators and buying self-checkouts.

    Some of these checkouts cost $100,000 each, but this is still worth it as our min wage in Australia is $15 / hour.

  • Somebody help me out. I understand that getting rid of Min Wage would increase employment. But what do I say to Liberals who reply with

    "Making rich people pay 1 extra dollar isn't going to hurt!"?

    Not sure what to say. I would assume its not just as simple as 1 dollar increase

  • @superlucci Well you could say that if that 1 dollar increase brings the cost of employing him over the profit that the worker would bring to the employer, than the employer has no option but to let that worker go. But getting through to dumbass liberals can be a very daunting task and in my experience you just have to somehow appeal to their values or what you perceive to be their values. But even that doesn't work most of the time.

    Hope that helped.

  • @crazypants88 I expect the typical response to that would be "then we should force employers to hire people".

    Don't underestimate the degree of tyranny a statist will advocate.

  • This guy is smoking. The welfare state has created a black president. you get rid of minimum wage then you bring slavery back.

  • @MAZDAKPRODUCTION Just because there's a welfare system in the U.S. and blacks are generally poorer doesn't automatically mean that that's the cause behind Obama's successes in politics. Classic correlation =/= causation fallacy. Also slavery is when you don't have any say where you work or for how long, a job is dependent on the consent of the employee. If the employee doesn't find the job good enough he has every chance to walk away from it.

  • @crazypants88 chance to walk away??? what are you talking about?? if you get rid of min wage then all wages will drop. Just take a look at all the 3rd world countries with no min wage. Any where in the world where there are some standards there is some sort of a minimum wage law or ordinance. If you want to go back to the stone age then getting rid of min wage is a good start.

  • @MAZDAKPRODUCTION Really if anything the MW law is much closer to slavery than the opposite. It dictates that the state get's to decide how much you may work for not you yourself. If I want to, by my own free will and for whatever reason work for 1 dollar an hour, I can't. Much like with slavery I don't have the freedom to do with my body and time as I please. Freedom is slavery and all that right?

  • @MAZDAKPRODUCTION

    This comment is dumb... even ASSUMING to be true your statement that it created a black president... MUCH MORE does it create BROKEN BLACK FAMILIES, and people who are dependent on the state instead of themselves or their communities (the whole "teach me to fish" thing).... as for your slavery comment... what do you think is going on with illegals? At least with citizens, they can NEGOTIATE their wages, while illegals ACCEPT slave wages for fear of deportation.

  • lordhawkeye, Yes. Strongly agree.

  • popocake, exactly. Excessive government meddling in the economy and too many taxes are a big part of the problem. Government monopoly on the educatonal system fails millions on the proper way to fend from themselves. In absence of government welfare state, private charities and organizations would help the truly needy and not those who know how to "work the system". In a truly free market exploitation wouldn't be as likely as other jobs or opportunities would be available.

  • The welfare state us wretched!

  • @Jotto999 *I mean, "IS" wretched.

  • It is not merely bad economic policy, it is racism, but it is not the racism you are thinking of. The real racists are quite clever, they have managed to dupe most of the western world into accepting their propaganda.

    The real racists are the people & institutions who promote Cultural Marxism, such as the SPLC. These people generally have something racial in common. If you want to figure this out for yourself, start researching Cultural Marxism, who started and why they started it.

    -

  • "Give a man a fish, he eats for a day. Teach a man to fish and he eats for a lifetime."

    

  • @DAS1105 except when government starts restricting the poor guy's fishing because environmental laws and starts mugging him of his work because taxation - then a man who knows how to fish will be begging at the welfare door because market exploitation

  • @DAS1105 Give him a fish every day and you make him a slave.

  • too bad the average american is an idiot....

  • I disagree! Although I don't believe people desrve handouts; I do believe that there needs to be minimum wage laws to prevent pay discrimination. If there was no minimum wage law an employer could pay you 25¢ an hour and it would be legal. Do you really want that?

  • @fontanaman13 you might agree to work for that rate, but my skills demand a higher price. Ask yourself why isn't everyone paid at minimum wage? All minimum wage does is mandate unemployment for low skill workers.

  • @fzqlcs Okay think about it like this. Min wage doesn't exist. This means an employer could pay you 25¢ an hour to work for them. Let's say you work a total of 12 hrs that day and you work everyday! You would get $42 every two weeks; and that's before tax. You can't live off of that! That means they have to go to the welfare office and get a check. Also b/c u don't hve min wage the check is bigger b/c u have to live off of something. I know u dnt wnt bigger welfare chks 4 pple!

  • @fontanaman13 An employer could only pay you 25 cents an hour if you agreed. If you agreed it would only be because no one else thought your skill was worth more. The key to high earnings is to acquire skills that other people need. Those who like the welfare state love minimum wage because everyone who is not worth $7 an hour is forced on to the public dole. Again, think why almost everyone is offered a wage far above the minimum? It is because their skills are worth it.

  • @fzqlcs If you're an employer you want the cheapest labor you can find. That's business! If there's no minimum wage than an employer could work you for as cheap as they wanted to! And since an employer wants the cheapest labor he can find, he's going to hire you for as cheap as he possibly can. And since that's all employers are offering to hire for, people are forced to work at those rates.

  • @fontanaman13 All employers attempt to hire employees as cheaply as possible as do all employees attempt to gain the highest possible pay. That is the function of the market. Those with desirable skills are at a premium as their pay is bid up by competitive forces. Minimum wage guarantees unemployment because not all employees are worth their cost of employment since employers do not always get a minimum amount of skill in return.

  • @fzqlcs I do understand that. My grandfather was a businessman. My question to you is why would you want to not have a minimum wage? It makes it where people who get lots of money to begin with, and who are on welfare to begin with, draw an even bigger welfare check because their employers won't pay them as much. You are paying for that welfare check, a company that has to pay a higher minimum wage isn't. See where I'm coming from?

  • @fontanaman13 - Minimum wage states that you cannot work. That is the function. The government sticks a gun to your head and says you cannot work for 1 penny less.

    Sorry but no matter how you try to spin it, you cannot create prosperity out of thin air. If tomatoes are 1 dollar each. You would need to grow, cultivate, and sell at least 8 tomatoes in California to match the minimum wage. No amount of government interference can force you to grow tomatoes, but every socialist tried and failed.

  • @fzqlcs Simply not true.Those who own the 'means of production' expliote their workers in order to make profit for them. workers get payed (ALOT) less then the true value of their work in order for the employer to maximise profit.

    Therefore without a 'minimum wage' since there is high unemployment, the employer would carry on to lower pay becuase of competition for jobs in order to keep maximising profit, this would ultimatly mean wages with continuously drop.

  • @fontanaman13 Wages are a matter to be resolved between an employer and his employee and nobody else. If an employer offers a certain wage and an employee agrees to it, it's none of your concern. You don't have a say in the matter.

    That's THE biggest threat to society: politically and religiously motivated nannies who stick their noses in other people's affairs.

  • @lordthawkeye Well arnt you the spokesmen for the rich.

    During times of high unemployment, the unemployed will do anything (yes, even work for less money then they can live on) to get a job and support their family, this means the employer has all the power and makes it easy for them to ABUSE it.

    This is why there is BASIC minimum wage, to PROTECT the worker.

    Your theory would give the minority even more power to expliot the majority. thats how messed up ur head is.

  • @3rdWorldGame Except that I speak from personal experience. I was majorly screwed over by minimum wage. When I was starting out in the work field, I couldn't get work anywhere because more experienced people always muscled in on me and I couldn't compete. Had I the option to undercut them and get experience, it would have been far easier.

    It is your theory that gives the employer more power, with it harder to find work, you can't as easily threaten to leave if he's not treating you well.

  • @lordthawkeye what were you trying to apply for a job in and how high was the minimum wage??

    I mean, im a full time student...and ive worked at or above the minimum wage, here we have whats called being 'over experienced' for simple jobs, which helps preserve them for those either starting to work or those without qualifications or those studying.

    Minimum wage is there because its common knowledge that an employer (more then) can AFFORD to pay you the minimum salary.

  • @3rdWorldGame Minimum wage is there to cut off the bottom rung of the economic ladder. It's there to keep poor people from undercutting the rich and to make more welfare dependents to buy votes off of.

    It all comes down to one simple question: If someone wants to work for less than minimum wage, are you going to point a gun at him and say he can't? Well, if you support minimum wage, that is EXACTLY what you're doing.

  • @fontanaman13 yeah an employer could offer that they wouldn't employees worth a damn for it. the people who'll put in labor pocket change are primary schoolers and no grocery store owner wants to hire children.

    people always underestimate the conscience of the average american even when they try to help them.

  • @Ravengaurd6 Well I actually lived in a state where they violate the federal minimum wage law. I lived in Georgia and they can pay you $5.15 an hour. That's non-tipped work. For that they pay you $2.13 an hour! There, they hand out welfare checks like crazy there. Do you want to live in that kind of a world? Oh and you're paying for those welfare checks buddy.

  • @fontanaman13 I already know I'm paying for those welfare and I already know the long term costs of the welfare system.Im living in Georgia!

  • @Ravengaurd6 Then you would also recognize that not paying appropriate minimum wage gives people in GA a bigger welfare check because they still need money to live. My question to you is why do you want to pay more into the welfare system when you could just make employers pay more. Please tell me how that makes sense?

  • @fontanaman13 well first of all how much more? simply increasing wages while ignorant of the costs a business has to answer to will either make that business fire more people,leave or go bankrupt. in the end of that scenario everyone loses including those we want to help. if anything we remove price controls while maintaining regulation on work safety and quality. we may also lower the amount given in welfare and the amount that people are taxed. poverty is not a fixed situation.

  • @Ravengaurd6 Well let's see maybe if the company doesn't hire as many people maybe they won't go bankrupt! Seems pretty simple to me! Do you really want to live in a country like Vietnam where workers get payed near nothing and are treated like crap. We're the USA not Vietnam, we don't do that! Do you not take pride in your country for being a beacon of light for rights and liberties that others dream of? Do you want the USA to be viewed as a violator of human right? I hope not!

  • @fontanaman13 1.I do want the best of outcomes for society at large that's why I oppose government intervention in the market because it skews efficiency and creates shortages of goods services and employment. 2.)the working conditions of Vietnam are improving as their market grows and strives to make the same leaps as Thailand has with modernization.A violation of human rights is to interfere with the lives of the people and their decisions with force because forms blocks on free choice.

  • @fontanaman13 Threatening to throw people in a cage for paying below some arbitrary rate is the opposite of liberty and freedom.

  • @CernelJoson Threatening to throw people in jail for denying decent pay to their employers is perfectly acceptable!

  • @fontanaman13 That's a matter of opinion, and what counts as "decent" is subjective and arbitrary. It's like saying it's acceptable to imprison someone for failing to offer "decent" terms in any agreement. Do you also think wives should be imprisoned for not having a "decent" amount of sex with their husbands? Do you advocate minimum sex laws?

    Regardless of whether you think it's acceptable it is still incompatible with liberty, so my point stands.

  • Thomas Sowell for President 2012

    Walter Williams for Vice President 2012

    or vice versa

  • It's sad that blacks continue to follow cronies like Al Sharpton and Jesse Jackson when they have great individuals like Walter Williams and Thomas Sowell who actually tell the truth. I guess they aren't looking for the truth, only government lies that lead to handouts.

  • I have no idea how anyone can think they can "cure" being poor.

  • @hint0122 Well, God has some ideas. But we think our ideas are better than God's.

  • What was Sweden the highest in the world of? I couldn't understand (english is not my native language).

  • @abexylol having children out of wedlock

  • @abexylol Illegitimacy- children out of wedlock Sweden 54% because of welfare apparently. I am having a hard time believing though

  • @jackjillsean Welfare destroys families, it incentives them to be irresponsible, rely on the State and externalise their mistakes. Read Hoppe's Democracy: God That Failed. There are lot of broken up families in Norway as well.

  • @abexylol He said "Sweden has the highest illegitimacy rate in world." I assume in that context, he was trying to say that almost half of the children in Sweden don't have a father living at home. Hope that helps. English is my second language too.

  • Walter Williams is awesome.

    America is over. China is buying up the USA as we speak. There's too much regulation. Too much hassle, like the guy said, to hire people. Just not worth it.

    Also, Americans, there attitude towards working people is just horrible. You see it all the time now. The courtesy is gone. Just 40 years. All it took to destroy the USA. Maybe 2-3 generations.

  • @biozamadotcom Oh we won't be totally destroyed . . . not yet. We do have someone in America we can run to who will save America.

  • thomas sowell + walter williams = kick ass

    pretty disgusting how the vile govt tries to act as a paternal father

  • If only the black community would listen to those two fine people.

  • @swu880 What is even more disgusting and vile is that people allow government to act in that manner, and that the majority even think it good.

  • @Killedkennyagain

    Wow in only 2 hours i already got 15 thumbs up...

    anyways, if we are to have any hope of a rationally sensible populace, then the first step is to get the people out of these state indoctrination centers aka 'public schools' and have all those bureaucrats start flipping burgers or doing something productive. Then it may be possible to bring about real education, learning & innovation

  • @swu880 More disgusting how so many oh so pro-black white liberals call men like Williams and Sowell "Uncle Toms," "house niggers" and other rather racist terms. Basically, if you're black and disagree with liberalism, you're some insecure black person who's just too stupid to understand their enlightened political ideology. Bullshit.

  • Walter Williams rocks! First comment!

  • @instantpestering my favorite living economist....i say living because well...Milton. 

  • @adulby Milton is one of the greatest!

  • One of the largest fallacies prevalent in American Society today is the idea that the Minimum Wage helps the poor and lower skilled.

  • @adulby True but it's a fallacy held with religious fervor.

  • @adulby Right on, they have raised the MW how many times?

    How’s those poor folks doing? lol