Name: Minimum Wage Debate: Debunking Thought Slime
Uploaded: 2021-06-04T08:42:07+00:00
Duration: 22 min 25 s
Description: As was requested, this video on the minimum wage debate is debunking Thought Slime on his irrational arguments. There were numerous points he covered in his video, although, I feel I covered much of t

2 years ago

As was requested, this video on the minimum wage debate is debunking Thought Slime on his irrational arguments. There were numerous points he covered in his video, although, I feel I covered much of that.

His arguments claim that the minimum wage doesn't result in higher unemployment, but as the studies show, the majority contradict him. Likewise, he makes the claim in his video that the inflation only changes ever so slightly, even if we were to go down that road, inflation is not something justifiable, therefore, if people are struggling to get by, we should be looking at ways to combat the inflationary problem in the economy. This, however, is not going to be achieved because of socialism as socialism is the problem.

I covered on value and cost, the relation it has to the employer and employee relationship showing an illustrative example of how it plays out in the real world relative to consumers.

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