+Thomas Paine I'm in my 30's and can only find temp jobs. You can't purchase a home, a car, or even rent an apartment if you are a contingent worker. The American Dream is bullshit.
+Thomas Paine There has always been age prejudice but in the last thirty years it has become a prime reason for dumping older workers. And now these younger workers are themselves now being dumped for super-computers and robots.
Mr. Thomas, then you should come to my country. The young here are rejected for being "inexperienced"(but getting hired RIGHT AWAY if they migrate in the west for some reason...), and the old are searched for their experience. Tho I should warn you in advance that the average wage is 350 euro.
Yes our old system was designed to profit the elite. If you look back through history. Capitalism is not that old. Let's think this town has five bakeries you own one. Now you need to gain new customers while pleasing existing. Do you praise or suggest they try the other bakeries? Of course not. If they learn about how good these other bakeries are they will leave. Then you will have no income🧐. So the Capitalist Elite use our tax dollars and sometimes our military and embargoes, tariffs, Freeze and Seize there U.S. accounts. Now that will teach them!!! So now their poor really suffer. The wealthy always eat well .
It's truly wonderful how Prof. Wolff treats the employers' channeling of the profits gained from workers into loans (rather than wage increases) as an ironic joke! I laughed out loud before feeling the pain.
The typical U.S. job has four invariable characteristics: 1) slave wages, 2) nasty supervisors, 3) inevitable termination months, weeks, days or even hours into the job, and 4) the money earned by the employees goes straight to the business' CEO, board of directors and principal stockholders who brazenly declare "The money is ours!"
Joe Weis It isn't only the GOP. Both Clintons and Obama are Corporatists posing as Populists. In fact, the old political paradigm of Repubs v. Dems is now a farce. At the highest levels, they are all essentially Neoliberals. Learn all you can about Neoliberalism as fast as you can. It's NOT a "conspiracy", but its Corporatists are waging war against workers and industry in all developed countries, especially the USA. We are headed for a NeoFeudal Society at breakneck speed.
+Scott Haley You are correct. I voted for Obama twice, but it turns out he was just another Corporatist. I will NOT make that mistake again.... Bernie Sanders all the way!
Duh, and it makes me sick that the average moron took 3 decades to catch on. Idiots and their idiotic voting patterns have made life a living hell for most people. I hate them as much as I hate the lying and manipulative cocktail class which feeds them the propaganda they swallow.
Why don't videos like this go viral?...Shame, yeh, it was us. Look at the camera shots of the audience. This isn't enjoyable is it? It's even harder to stand up for yourself on Monday and stop this shit isn't it?
pjamesbda Maybe it will go viral... Hell, it's only been up 3 months & its' already got way over ten thousand views... Just goes to show how many working people hate the Business Interests' that have Screwed them!
CosmicFork Our politics are full of cartoon characters, and our lives are situation reality sitcoms. This is vital information, which anyone should cc to 100 of their friends, but it's tuff to accept, and tuffer to act on is my point.
When you have children, mortgage, credit card debt, car loans, you are stuck and have to take it. Whether it's you working two jobs or telling your wife to drop the kids off at daycare so she can go to work. It suddenly doesn't sound that bad knowing that everybody around you is in a similar situation.
All this wage stagnation, credit card, mortgage loan, and student loan horror that started in the 1970's and 1980's was followed by a new horror in the 1990's and 2000's which was the perfection of the internet which resulted in scores of millions of jobs getting outsourced. And now we have the ultimate horror - the arrival of quantum computers, H205 water computers and robots which is causing the outsourcing and automation of 160 million U.S. jobs for the period 1964-2064.
What do employers do? They take the money you earned for them, pay 5% of it for overhead, pay 5% to you in wages, and, then, THEY GIVE THE REST of IT TO THEMSELVES. - Richard Wolff
+Spartaculus Jones Not only that had happened. If there was a lot of money, the capitals of the world start to get those money by making tax heavens. For example in one documentary they stated that London and New York fought against themselves by giving those rich even bigger benefits. So this causes an ovrwhelming lots of unhealthy behaviour.
I just shared this on Bidens social media post about women going back to work, with a brief explanation on what it is and who Wolff is and why it is pertinent
the system is total and complete BS. i am looking for another job now, i am extremely unhappy with my job. the somewhat good thing about it is the pay everything else is terrible. looking for jobs has been extremely disappointing with many jobs paying $10 or $12 per hour, way to many jobs paying that. little to no manufacturing jobs left either, mostly a bunch of BS service jobs. how is that the average pay 10-15 years ago was $10 per hour and today is seems to be about the same. the cost of living sure isnt that cheap anymore. taxes are high, food is high, daycare is outrageous, the price of a newer car is out of sight. we drive 15-20 year old cars, i really dont care about that i know how to maintain them but point being i couldnt afford a newer car if i wanted one. back in the 1950's the man could work, the wife would stay home with the kids, the kids would go to college, they had a house and ate well all on one income. now you can barely get by on one income........ why did i have to be in my 30's now how come i wasnt born in the 1950's things were so much better, this country was better and the opportunities were abundant. if you felt your employer was an abusive POS then you could easily drop their ass and be working somewhere else tomorrow.
problem is you are going to do nothing except drive up inflation. companies are going to pay the minimum they can get away with. you will end up with 75% of the jobs on the job market paying $15 and not a penny more. if minimum wage goes from $9 per hour to $15 then a job that currently pays $17 hour have to pay $23 in order for that person to keep their standard of living that they earned. so what you will end up with is someone working at a manufacturing plant or a truck driver making $2 more then someone working in retail or other low skilled entry level job. the person now making $17 per hour should also receive a $6 per hour wage. IT WILL NOT HAPPEN. you are destroying the value of a "middle class" paycheck and instead of elevating minimum wage workers your are simply bringing down middle wage people. really increasing minimum wage further is a terrible idea. the problem isnt people making $17 or $20 per hour, the problem is CEO's getting paid multi-millions to sit behind the desk of a company that they did not start and shared no risk in starting, they are simply an over-paid employee. increasing minimum wage will not fix it.
andrew donohue buddy, here in the middle east average rages drop, and am not talking war torn area, am talking stable places like jordan and the arab gulf, am a medical engineer, about 10 years ago my fresh equivalent would grab 1000JD (around 1500 USD) , now we start at 500_600 JD, including using your personal car and gas for the job, that fkng sucks.
@@ad356 wrong. Rising wages mostly improves the lives of workers and hurts the capitalist. Sure it leads to a little bit of inflation but the net result is the worker gets much more earning power and the owners gets much less. You've swallowed a lot of billionaire propaganda. Just stop it! You appear incredibly stupid.
modurhead It's an oligarchy not capitalism. Capitalism was what the family farm used to be. An oligarchy is when big business buys the government to get what they want. It's as different as night and day.
+modurhead Capitalism needs Communism. This i think is the lesson. After fall of Communism, there was nothing to push wages in USA to look better than Communist countries. In past you had in US Jommy Hofffa, the leaders who stand up agains Capitalism, and this is why, they managed to increase wages. Now, everyobdy is capitalistic, greedy, so they want mone instead of big family. So the another nations are outnumbering you in your own country. If we believe in evolution, then Capitalism is pushing for a Darwins prize.
What we need is libertarian socialism. We need workers control over the means of production but we shouldn't use the state to do it. Those so called "communist regimes" were never communist since full communism is a stateless, classless, moneyless, and marketless society.
China did all this in just 20 years, that it took our country 40 years to do. Spooky. And its all falling apart. And guess who gets stuck with the bag? Labor. We do. Congrats to us.
The VALUE of a workers labor stagnated. Why should the wages of a dishwasher just keep going up and up? No reason. The value of having someone wash dishes didnt go up. There are too many people willing to wash dishes. Basic supply and demand.
Wages leveled out in the 70's because that is when globalization began, but that leveling out was offset by the decline of the costs of virtually all manufactured goods, which allowed Americans' standard of living to continue to rise even without wage increases.
Don't forget how now BOTH adults in a fmly on average have to work now unlike prior decades and STILL MOST barely keep afloat. See the swindle yet?? And that's not even mentioning how it effects other countries for a few countries to live at their expense. It's almost as if a few psychopaths uninterested in the long term future concocted this economic design. Billions starving is a variable by God, not an externality to be ommited. We could turn this world into a healthy thriving Oasis with ephemeralization and optimal use of technology. The meritable consequences of cleaner energy use and savings of resources could be so beneficial!
The real problem is that Americans are not prepairing themselves to transition to a new career should they face replacement by automation. Nearly 70% of Americans do not have a college degree. The mean incomes by educational level. Less than high school $25,636 per year. With a high school diploma $35,256 per year. Some college and no degree $38,376 per year. With an associate’s degree $41,496 per year. With a bachelor’s degree $59,124 per year. With a professional degree $89,960 per year. So you see there is a simple solution. Have A Plan If You Plan To Have.
@@cardigansarecool Yes. It really is. You just have to be intelligent enough to do a little research. That or lucky enough to have me do it for you. www.google.com/url?q=www.uopeople.edu/&sa=U&ved=2ahUKEwiqrf6YgdfhAhVSHqwKHStUCXEQFjAAegQIBhAB&usg=AOvVaw1Z9biQ2RrzepGi04mtfPKs
@@cardigansarecool Here are a few more. www.google.com/url?q=www.nonprofitcollegesonline.com/free-colleges/&sa=U&ved=2ahUKEwjx6aDXgdfhAhURW60KHUgIBl8QFjAAegQIARAB&usg=AOvVaw2F30GtnxIKGDord0WMDqoF
Unregulated open border policies have lead to wage stagnation in the US. We have way too many American workers out of work (I think 94 million is the most recent number, so 1/3rd of our population) and vast amounts of legal and illegal immigrants driving down the competitive wage. Then what do politicians do? They raise the minimum wage, which puts even more people into the unemployed group and further drives down the natural market wage. The natural market wage is far lower than many state's minimum wage. We literally would have to stop immigration legal/illegal for several decades and get those 94 million Americans back to work in order to see the natural wage rise up.
The government people are not aliens brought here in spaceships. The political parties respond to the business class. To say republicans or democrats is the same as saying the business class (donor class). When you say the left raises the business costs are you talking about wages? That is exactly what Prof. Wolff is talking about.
a lot of symptoms I can hear about the problem that US not have a real democracy system, like the one Switzerland have….then individuals could protect them self from all this and not even had to go to any war other places….
@@coopsnz1 Who are all these Americans who make up bullshit stats about Europe , I would 1000 times over choose to live in Switzerland over the USA, America is now 3rd world, don't even have universal health care ffs.
The cost of living in European countries is 'dramatically higher' than it is in the U.S. For example, a 20 oz. beverage in France or Netherlands can cost 5 Euros. In some European countries gasoline costs more than 3 Euros per 'liter!' That's absurd. You also have to 'pay' to use public restrooms in Europe. People in Europe pay more for virtually everything, and they 'get less' for what they pay for. So don't tell me how much 'better' the living conditions are in Europe.
Why? It's a gambling instrument with zero intrinsic value. It's a first in, first out gambling scam. Sure some will make millions, but most will lose. Hint: you buy ButtCoin with actual currency. ButtCoin isn't money. It's just an agreed upon tech farce which is extremely wasteful of resources.
