Chris Cannon's Answer To The Minimum Wage

As Christian was debating Congressman Cannon, the question was asked if the minimum wage should be increased. Congressman Cannon's answer, after defending the fact he has consistently voted AGAINST an increase, was to simply "go to McDonalds and get a better job."

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• Christian
• Burridge
• Utah
• Politics
• Democrat

[Goobian]

there should be a law that politicians have to live in a cardboard box for a week every year. They gripe and gripe but if their 25,000 (or more) christmas bonus is late, that is when they really complain!! They don't know what it's like to be a blue collar regular joe and so they don't care to sacrifice for them. It should turn back around so the poor make the rules not the rich. Because believe me, there are a lot more of us and we deserve the nice silk sheets, not them. Humph.

[nate749]

i guess takeing care of workers is "communism" paint me red than

you know its funny when people say CEO takeing pay cut is communism but a worker on the line takeing a pay cut its called "return the company to profitablity" what a joke

[unfad1ng]

Cannon is so right, If the minmum wage is to high, buisnesses wount hire the poor people and that will make them jobless

[aneal138]

1:30 You serious? You tell that to a couple on MW that are raising 5 kids, and can't even put food on the table to go back to school. So on minimum wage, how do they afford school when they're already paycheck to paycheck. School DOES NOT always increase pay! This guy is so dilusional. How did he get into office?

[aneal138]

1:20 BAM, i like the guy on the left.

[YoungTon22]

@willzyx1980 ok. agreed. there is no debating that.

[willzyx1980]

@YoungTon22 You too! Now, "less than the product can be sold for" is different from "less than the worker produces." In reality there is more to production than simply labor (e.g. there is rent on land, rent on capital, technology, entrepreneurial risk, etc.) and those other inputs must be compensated too. Workers get paid for what they produce. Wages are lower when workers produce less--including when they shift risk to the entrepreneur and assume less themselves. Contracts just reflect this.

[YoungTon22]

@willzyx1980 .....the point about contracts also actually goes back to my original statement saying that laborers agree to work for less than the product can be sold for.

[YoungTon22]

@willzyx1980 ok at least were on the same page now. like i said, i appreciate the free lessons. lol. youre very knowledgeable and its always good to have a proper debate on youtube. most these people are idiots. "the price of the product produced is exactly equal to the labor that created the product". the only reason it isnt true is because of the contracts. your original statement was about workers producing 7.25. i just wanted to express the actual truth about a laborers value.

[willzyx1980]

@YoungTon22 The point is that when you say "the price of the product produced is exactly equal to the labor that created the product" this is simply not true. The point of a wage contract is precisely to divorce the price of the product from the worker's wage--to shift the risk of profits and losses onto the entrepreneur. Everyone is free to be an entrepreneur and earn profits; in practice most choose wage labor because they prefer to avoid the risk of losses.

[willzyx1980]

@YoungTon22 You are confusing profits with wages. If I build a clock on my own, I pay the costs up front (parts, my labor, etc.) and get revenue when I sell it. The difference is my profit or loss. If I hire you to build a clock, I'm paying you up front. If revenue > cost I earn profits, if revenue < cost I earn losses. But even if I earn losses--even if the clock is worthless and I have to trash it--you still get paid for your labor.

[YoungTon22]

@willzyx1980 ....the market was from your or all 100 employees effort. i guess its easier to think about what im saying if you use my example of a single clock builder. the price will be what it is due to other factors like youre saying. not debating that. but whatever the price is, i myself put in the labor to earn it. now how can that same principle not be applied if i had 100 clock builders working for me? whatever the price is, that is there worth or value.i appreciate the crash economics