THIS Is Why The $15 Minimum Wage Is A SCAM – Who Benefits & Who Loses?

Josh Sigurdson talks with author and economic analyst John Sneisen about the inherent flaws in a $15 and hour minimum wage hike. Not only are there flaws but in general, it’s a scam! In this video we explain why.
The Canadian province of Ontario plans to raise the minimum wage to $15/hr by 2019 following Alberta’s decision to raise it by 2018.

When you raise the minimum wage to $15/hr you cause the price of living to go up making 15 the new equivalent in value to 10. So value doesn’t change. In fact inflation is the biggest problem those in poverty face thanks to out of control central planning and manipulation of both the monetary system and the markets.

But this isn’t the only inherent problem. So many calling for a wage hike are using McDonalds as an example. They say “McDonalds can afford to pay $15/hr!”.
Well of course they can! That’s the issue though. Raising the wage will cause smaller businesses and competitors to either lay off employees or close their doors. This causes competition to go under, further monopolizing businesses like McDonalds! And as for McDonalds, they can also afford technocracy as they can just put machines in charge of orders leading to vast unemployment!

The more regulations, the more taxation, the more monetary manipulation, the more poverty! This isn’t rocket science! Everything the government does, the free market can do better!

There’s a reason why all of these MASSIVE corporations are lobbying for the minimum wage hike! This benefits them while drastically hurting those forced into the bread lines.

The most basic economic and market principles debunk the notion of this further monopolization and inflation. You take money away from the employer and you’re taking money away from the employee. This is extortion and this is part of a massive debt servitude agenda which is playing out in both the markets and monetary system. It’s time people finally understand this obvious fact.

Stay tuned for more on this subject!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Thore Stub Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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24 Comments

  • Matt ward
    Reply

    $15 canadian is not a scam!!!! That’s how much some make here in US $ at McDonalds!! Maybe you beanstalk and you dufus can get real jobs even working at McDonalds making real money instead begging for $ on the internet. Pathetic!!! Get out of your moms basement, put a clean pair of underwear on , grab a clean shirt too, make a sandwich and start looking for real jobs!!!! Making fear mongering pointless videos on youtube is not a path to prosperity!!!!

  • itsalljones
    Reply

    It’s true that raising the minimum wage will cause small companies to struggle and maybe lay people off and even possibly go under.. unless the law is written in a way that only requires larger companies of more than say 50 employees to pay $15 hr. It’s also true that prices will rise.. they don’t have to tho, if top management could get by with making only $500,000 this year instead of $600,000…. just a thought… And I can even agree that the real problem is inflation.. But the truth is.. the average people trying to keep a roof over their head and make a car payment.. can’t actually do anything about inflation.. Marching around with signs that say “lower inflation, give families a break”. is useless.. But Marching around with signs saying we need $15 minimum.. can actually help.. maybe next year! so they are going to do what they can because the millionaires won’t do what they should… which is be grateful for what they have, and maybe give a little back.. do without the new car this year, or that 4th vacation.. I mean, at some point.. if you have everything.. why isn’t that enough? I’m not against rich people.. I’m just against rich people without morals, lol

  • euphoriiick
    Reply

    Higher prices and job loses coming. Liberals pandering to immigrants and low educated to maintain and expand their voting base. If people want a living wage, go get educated and provide a skill or service that deserves a higher wage.

    Wynne is useless and desperate and she has to go in the next election.

  • Gordon Stewart
    Reply

    You two guys¬† are¬† so wrong about so much ,yet I agree with not having a 15/hour¬† minimum wage. You are like a Donald Trump infection on Canada. At least get your economics right . The government of Canada is not¬† “majority responsible”¬† for the nations debt . The majority responsibility is in the hands of private¬† corporations. Government is responsible¬†¬† in one sense ,… they allow private industry to create¬† the debt .¬† ,…largely due to de-regulation …fractional reserve banking which is at zero or near zero¬†with most¬† loans.. Are you guys graduates of Trump University ?

  • linda goessler
    Reply

    THE ANSWER IS TO PUT EVERYONE ON FLAT RATE OR CONTRACT AND THEY PAY THERE OWN TAXES AND THIS WILL STOP THE OUTRAGEOUS INCREASES….

  • linda goessler
    Reply

    PEOPLE HAVE NO IDEA WHAT THEY DO TO THEMSELVES…KEEP BITCHING AND YOU WILL BE LIVING ON THE STREET…YOU NEED TO SHUT UP AND GET SMART…OUT SMART THE CABAL…PROTESTORS GIVE THE ELITE THE POWER AND AMO TO BRING IN MORE FINANCIAL HARDSHIP…THE ELITE DONT CARE, WAKE UP PEOPLE…

  • dwf dwf
    Reply

    So your idea is what? live on money you scammed from people on the internet? Pretend you care and lead people down a blind alley so you can rip them off? Click whores are the worst thing to come to the internet.

  • Gordon Stewart
    Reply

    Josh¬† of WAM¬†¬†¬†¬† “At least learn the most basic of economics before you make yourself sound like a fool blaming the major corporations that government monopolizes via regulation and taxation. ”¬†¬†¬†¬† Yes ,what a genius¬† you are ,basic¬† economics …You used BMO as an example ,..ok¬†¬†¬†¬† So BMO¬† lends Josh 500,000 to buy a¬†tiny house¬†in¬† Toronto where he can get married and raise a family.¬† They created the¬† loan , out of thin air .,…then after a year of real¬† currency payments ,¬†Josh failed to¬†comply¬†¬†,BMO foreclosed ,Josh lost his¬† home ,his down payment and his credit rating . BMO had handling fee’s which was their only real cost and if they understand the credit induced real estate¬† market ,which they are a part of ,then they now own the house which can be sold for profit.¬†¬†¬†¬† ¬†In review ,they never owned the money they loaned,¬†¬† they never had capital to back up the loan if the market unexpectedly went south¬†,¬†¬† they kept Josh’s¬† monthly installments and¬† his down payment ¬†,.. but somehow this abused heavily regulated and taxed Corporation got a dozen or so cash payments and a house for¬† their,…. extensive time in creating¬† the loan .¬†¬†¬† ¬†The Canadian government¬† never created a nickel and¬† had zero involvement in this¬† business deal.¬†¬†¬†¬†¬† ¬†Josh = The markets are also heavily manipulated¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† Yes , I must admit ,you really need to be on top of economics to understand¬† that statement .¬†¬†¬†¬†¬†¬†¬†¬†¬† Your narrative is old¬† and used up .¬† Your use of¬† the¬†RIGHT¬†¬†, the LEFT tells me¬† you are far too political to¬† debate economics¬†¬†¬† Why not try to be¬† a lot more authentic , try original thought¬† and speak about answers to¬† a mess¬† that is worldwide ?

  • Steve Ryan
    Reply

    It seems the masses have forgotten what freedom actually is, if they ever knew, and even those that do know don’t seem to want it. Pretty sad.

  • petrospoulos
    Reply

    It’s like you believe employee wages are the only thing affecting the price of a product. When these people are making more money, they’re also spending more money. Duhhhhh????

  • Arash Jafariolia
    Reply

    Us Canadians are so screwed! Wynne is just trying to buy votes and the blind sheep will definitely follow!

  • Micheal Williamson
    Reply

    I make $32 an hour every time they raised the minimum wage $1 I lose a dollar my wife makes $16 an hour she has been doing her job for 15 years she always gets $0.61 an hour raise every year this year the minimum wage went up $0.50 that means she made $0.1 that means her raise this year was $0.11 when I first heard this I told her to quit her job the government has no business telling somebody what they need to be making June 2nd 2017 California United States of America PS every extra dime I make I buy silver and gold it’s all I could do to protect myself s**** going to hit the fan and it’s going to hit the fan fast

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