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28,045 Views ā¢ Dec 29, 2022 ā¢ Click to toggle off description
Views : 28,045
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Date of upload: Dec 29, 2022 ^^
Rating : 4.626 (65/631 LTDR)
RYD date created : 2024-04-22T02:32:05.192015Z
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YouTube Comments - 175 Comments
Top Comments of this video!! :3
Even if everyone improved their employable talents, a ton of "unskilled, low paid" labor would still need to be done.
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Pat business > pat political brain
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Cut expenses? They've tried cutting military spending a billion times already - but instead cut teachers salaries. Obviously this is broad strokes arguement.
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Patrick is so inspirational.
If he can be so wealthy and successful despite being so completely unremarkable, then there's hope for us all!
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Except build back better improves infrastructure and expands renewable energy (more petro for export) which is good for the economy. The New Deal programs and Eisenhower Highway Act were massive long term boons to the US economy.
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Also, I love how you talk about employees needing education to improve their skills. I totally agree. Too bad their employers don't want to be bothered with supplying the education, the resources for the education, or the time for the education. If I ran a business, 2 hours a week would be set aside for training for every employee. Of course, since I want to retain them once they have gone through the training, I can pay them more to actually use those skills.
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This is so detached from the actual conditions in the country its crazy.
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Employers keep telling me they have trouble finding people who want to work, but they ARE out there.
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The host here fail to mention that the majority of the Billions of dollars never reach the majority of working class Americans. The wealth goes mostly to the Millionaires and Billionaires and politicians. This is a fact and a small minor detail that he fails to point out.
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I love how he offers no solution to the āproblemā
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Gradually!? umm I think we are there already
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Patrick, thank you so much for giving us some a refreshing reminder. You have built an awesome channel.
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We are way past the gradual stage.
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We need to teach people, not charge for permission to do anything.
People don't know how, what, when, why or who does anything and we expect them to find answers when there's people taking advantage and profiting off selling bogus answers.
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There's a loophole in this argument. If everyone increased their marketable skills, there would still be a host of "unskilled, low wage" labor that needed done! Afterall, who's gonna work at McDonald's while all the teenagers are at school?
Make two lists: one list of people and one list of skills. Now evenly distributed those skills throughout the population. Theoretically, everyone would have a similar wage. Now distribute those skills unevenly as they are in reality. The labor market and economic policy now allows the wages of the few people with the most skills to effectively go to infinity, or at least there's plenty of people trying. BUT MONEY ISN'T INFINITE. So the next logical problem we run into in this simple thought experiment is that the people with few skills have increasingly lower wages. This doesn't work in reality, because broke people starve and revolt. So how do we compensate? Fractional reserve banking. Debt can't be real if it was spent without the necessary reserves. The reality of our current economy is that debt gives people the value creation that was stolen from them by their employers, PERIOD. And then we have the gall to wonder why inflation is rampant. If you'd all step back and see the bigger picture, you would not only see that you're clueless as to the reality of why the economy is busted, but you might even find some real solutions!
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I would argue the guy who thinks he can earn millions of dollars for running a business, while paying employees bottom dollar, and not offering benefits is the one that feels entitled. If he thinks workers aren't worth it, let him run every machine in the manufacturing facility himself, personally go door to door selling the products, repairing the computers that keep his business going, take every customer service call, make the ad print, film the commercials, and deliver the product to the customers door. See if he can do ALL of that and probably more himself. If he can, great, let him. If not..well, he better figure out how much more those employees are worth paying.
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He mentions Andrew Yangs UBI policy. There was a part of that policy that removed funding for the entitlement programs and you would have to opt out of those to receive it.
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Notice PBD mentioned everyone saying this is on the Democrat sideā¦
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These should be posted as YouTube Shorts to maximize the audience to be captured who isn't subscribed to the channel. You can only do shorts through mobile device
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@TopLasagnaLover
1 year ago
Society is being held by the so called low skill and low wages jobs. You can have all the skill in the world, but those jobs still need to be done.
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