Who Does a $15 Minimum Wage Help?

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  • Published on Aug 21, 2017
  • Would a nationwide $15 minimum wage help or hurt American workers? Andy Puzder, former CEO of the parent company of Hardee's and Carl's Jr., explains.
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    Script:
    Progressive politicians love to talk about raising the minimum wage.
    It makes them sound caring, compassionate, concerned. They’re on the side of the worker, standing against the greedy employer.
    The current call is for a national $15-an-hour minimum wage - more than double the current federal rate of $7.25.
    A number of cities and states are already there - including New York, California, Washington D.C. and Seattle. Others are considering it.
    The left casts the minimum wage debate as a war between employee and employer. But most business owners pay their workers as much as they can. Finding and keeping good people is the hardest part of any employer’s job.
    I know. For 17 years, I ran CKE restaurants, the parent company for Carl’s Jr. and Hardees. Our company and franchised restaurants employed over 75,000 people, but, as with most retail businesses, our profit margins were razor thin.
    Based on my experience, if we adopt a national minimum wage of $15, here’s what will happen:
    1. A lot of people will lose their jobs or have their hours reduced. According to a 2014 Congressional Budget Office study, just a $10 minimum wage would cost half a million jobs as businesses terminate employees. Obviously, far more jobs would be lost at $15 an hour. To survive, employers would have to reduce hours even for workers who manage to keep their jobs. That’s a pay cut.
    2. Businesses will close, and the jobs they created will disappear. A recent report from researchers at the Harvard Business School found that each $1 increase in the minimum wage results in a 4-10% increase in the likelihood of restaurants closing. An over $7 an hour increase, to $15, would be devastating not only for restaurants, but for small businesses and their employees.
    3. Young people will lose that entry-level job opportunity. My first job was scooping ice cream at a Baskin-Robbins in Cleveland, Ohio in the 1960s. I was paid just $1 an hour. But it taught me valuable lessons - like the importance of showing up on time, teamwork, and presenting a happy demeanor to customers. No one can get that better job until they have their first job.
    4. The cost of all workers will have to go up. If you hire a dishwasher at $15 an hour, your cooks will be unhappy with their wages. You’re going to have to pay everybody more, which increases labor costs across the board. That’s more pressure on profits. Too much pressure and you’re out of business.
    5. Fewer people will open businesses. $15 an hour is a very steep hill to climb. Would-be entrepreneurs will do the math on labor costs and realize it’s just not worth the risk. This is a real cost to the economy that we can’t measure. A company that never exists never employs anyone.
    6. Prices for everything will go up as businesses pass higher labor costs along to consumers. One of two things will happen: Either consumers won’t pay the higher prices and businesses will lay off workers or close, or consumers will pay higher prices and have less money to spend elsewhere. Either way, the higher minimum wage will represent a drag on the overall economy.
    For the complete script, visit www.prageru.com/videos/who-does-15-minimum-wage-help

Comments • 10 975

  • Arctic Fox Gaming
    Arctic Fox Gaming 11 hours ago

    Want a higher pay? Find a better job or search a career. It makes no sense that a teenage barista is making the same money as an office worker.

  • B Lam
    B Lam Day ago

    This is just what the demon rats and republicans want. WAKE UP PEOPLE. This is exactly what is going to happen.

  • Gunguy
    Gunguy 2 days ago

    I really like how this is erasing entry-level jobs. It really will thin the herd. I would love to get a correct order at a drive thru without the bad attitude. Soon only the educated or strongly motivated will have a decent job, just the way it should be.

  • Kenn Hepner
    Kenn Hepner 4 days ago

    Unions base their contract rates on the minimum wage. a union worker who makes 3 times the minimum wage, will get the same percentage no matter whether the minimum wage is 2.00 per hour or 20.00 per hour

  • Kenn Hepner
    Kenn Hepner 4 days ago

    raising the minimum wage increases inflation. raising inflation rates makes your money worth less.

  • jjsiegal
    jjsiegal 5 days ago

    I stopped when he said 'Finding Good PPL is the hardest part of any Employers Job!'
    (why don't you pay a livable wage with benefits and see how many ppl apply for that job----- *IDIOT* )

  • Jmichael Isbell
    Jmichael Isbell 6 days ago

    Mr. Puzder, thanks for posting. Especially appreciated #5, businesses that never start in the first place.

  • TheGodfather101
    TheGodfather101 7 days ago

    Pit a regulated wage against an unregulated market (Such as housing) the market moves with the wage and the disparity remains the same. This isnt rocket science...

  • Tiffany Fichtenbaum
    Tiffany Fichtenbaum 10 days ago

    retail reduces hours regardless .....whether or not they raise the minimum wage ...so even if you start full time your hours will be cut to part time and then you cant afford benefits

  • evans m
    evans m 11 days ago

    They will have nothing left to complain about other than their 20 dollar happy meal.

  • Stephen  Blankenship
    Stephen Blankenship 12 days ago

    The easiest way to get a raise is to simply change jobs. You don’t even have to change fields of work. I’ve worked in restaurants for about 6 years now at three different places with a higher rate every time. Most hiring managers know when someone is worth competing for a person’s labor and will be willing to pay for it.

  • cher z
    cher z 12 days ago

    The minimum wage job was not intended for those who work and support a family. The min wage positions are entry level and low level psitions, intended for HS students, seniors supplementing their SS or college student's needing extra money. It was not intended for adults who soley support their family. It's ridiculous to think otherwise. Get a real FT job.

  • Duke 2go
    Duke 2go 13 days ago

    Yep. And gas was under $1 when the minimum wage was $5.25. Now 2 double cheeseburgers and 2 6 piece nuggets from Wendys is $10+. Why? Because their labor costs elsewhere went up and they're passing the cost on to other regions.

  • Major Mayhem
    Major Mayhem 13 days ago

    The Liberal Lefts do not understand the cost of running a business! Alot of the cost of running a business is invisible to employees which is why they don't see it. By far, in my experience, the biggest cost of running a business is MARKETING and advertising! Employees simply can't see the tons of work and money being poured in the background.

  • F It
    F It 13 days ago

    I make 15$ and hour because I went to school for my job. I'm a body tech. I served in the Navy and the Gibill let me get a tech job for free. How about you cry babies go to the military and earn the gibill and then go for a trade!! If you want more money... EARN IT!!!

  • James Madison
    James Madison 13 days ago

    To Pay $15 an hour Walmart only has to raise ALL prices by 1 cents
    tvclip.biz/video/vAcaeLmybCY/video.html

  • James Madison
    James Madison 14 days ago

    A $15 hr / $30K yr min wage helps everyone. Walmart Target Home Depot Sears employees will no longer use $3.4 Billion a year in Food Stamps MediCaid & Section8 housing. CA WA OR are already see a drop in usage of public services from the min wage increase.
    Pizza Hut clears over $18 Billion a year to pay all their workers $15 hr they then clear $17.6 Billion a year
    Pizza Hut pays AU$22 Hr/ US16.29 Hr min wage in Australia & New Zealand and still clears $4 Billion+ a year . McDonalds Dominos KFC Burger King Starbucks ALL pay the AU$22 Hr/ US16.29 min wage in Australia & New Zealand and ALL clear $8+ Billion annually.
    McDonald's in Denmark pays US$19 Hr / €16.25 Hr .. or US$11 Hr / €9.41 Hr if your are 17 or younger
    People who vote republican you could have looked up this info for yourself. Stop voting for the “wages are too high republicans”
    Stop watching fox. Fox Polit Bureau tells you they cant afford it & you fox viewers believe it. You could have looked on the internet & in 5 minutes found out that fox always lie on behalf of the rich & corps. Stop voting for the “wages are too high republicans”

  • James Lee
    James Lee 14 days ago +1

    This kind of thing is happening in south korea. Seriously because of this, my countrys economy is about to fall

  • Atomicmonkey
    Atomicmonkey 14 days ago

    minimum wage is a regulation on workers. it's a price floor. imagine if we created a $15 price floor for meals at restaurants. all it would do is force fast food restaurants out of business.

  • Gene
    Gene 15 days ago

    entry level jobs will go to college grads, why get a booger picker who's 17 when you can get a tradesman or skilled college grad that don't that much in their field

  • Cal Commercial Insurance

    The $15 minimum-wage will help whatever company supplies ink and paper to the mint that prints money, because prices will be inflated requiring more money to be printed, requiring more ink and paper to be sold. So this should be good for the economy.

  • Dorian Keller
    Dorian Keller 17 days ago +1

    This simply isn’t true you didn’t even examine the statistics in california and seattle. In both of those studies on the effects minimal to no job loss was reported and it benefited the community. PLEASE don’t just listen to this video and take it for facts do your own research thank you.

  • H R
    H R 17 days ago

    Leftists stealing someone elses thunder when many of them haven't created a job on their lives! They love the poor so much, they multiply them by the millions!

  • Fay
    Fay 17 days ago +1

    So its the same concept as "printing more money does not give you more money"

  • 555ikog555
    555ikog555 18 days ago

    Employee vs Employer. Right there is a form of Marxism. Who cares is the employers look after their employees and pay them well? They are all evil apparently according to the left

  • donald Barnes
    donald Barnes 19 days ago

    We need to have a maximum wage as well as a minimum wage.

    • asdf
      asdf 16 days ago

      Everyone else is working for the same.... so sure. I'll make subway sandwiches or pull espresso shots

    • donald Barnes
      donald Barnes 17 days ago

      @asdf So you are willing to work for $10 an hour . Good luck.

    • asdf
      asdf 17 days ago

      i agree... $10 max wage, $9 min wage

  • Wayne Jshynz Hinds
    Wayne Jshynz Hinds 20 days ago

    Has PragerU done a piece on CEO salaries ??

  • MrGruffteddybear
    MrGruffteddybear 21 day ago

    Raising the minimum wage doesn't help anyone. Businesses raise prices to match the increase so those that were at poverty wage are still at poverty wage. Making the minimum 15.00 makes it the poverty wage, not a decent wage as it was before. It hurts those that were making 15.00 because most companies won't raise their wages to match the increase so they are now back at minimum and their purchasing power is decreased.

  • Mikiness Analog
    Mikiness Analog 21 day ago +1

    Minimum wage should be zero. If you want more wages, make yourself more valuable to your employer. If everything works correctly, there will be a line of people to do your task for the same wages.

  • fire5479
    fire5479 22 days ago

    When you raise minimum wage to $15 per hour. Employers have to match SS and medicare. Higher insurance well everything goes up and passed on to the consumer. So goes taxes and SS. you will have more money but won't be able to pay for a $20 hamburger.

  • Capt. Badger
    Capt. Badger 22 days ago +1

    If you focus on bringing a business owner down you’re gonna bring down all of those that work under them

  • Cezar Garcia
    Cezar Garcia 22 days ago +1

    Don;t you get it? the left destroys. They never create anything good. They want chaos. They push for $15/hr to push businesses out of their business, which would generate joblessness, prices increase, low taxes, chaos in short that which woudl help their agenda of destruction.

  • Sage Macone
    Sage Macone 22 days ago +7

    I can imagine getting less hours.. so it’s basically the same pay as before

    • Dan Bitts
      Dan Bitts 16 days ago

      No, the cost of living rises. Your same pay doesn’t go as far.

    • Cindy Gutierrez
      Cindy Gutierrez 17 days ago

      Yeah, but people don’t seem to get that

  • Johnny Rocketz
    Johnny Rocketz 22 days ago

    If the food doesn’t look like dog food, then then can get that sweet 15USD an hour

  • Paul Morgan
    Paul Morgan 23 days ago

    The minimum wage in australia & new zealand is well over $15 an hour & our enonomy is booming!

  • Top Rank AUDIOBOOKS PLUS
    Top Rank AUDIOBOOKS PLUS 24 days ago +2

    Fun fact: The people who disliked this video probably were not paid $15 an hour at their job.

  • Pmtd1234
    Pmtd1234 24 days ago

    A family member works at corporate for a national chain which had 5 stores in an area that increased the minimum wage. They shut down 2 stores because the margins were too low.

  • Marcus Mitchell
    Marcus Mitchell 25 days ago

    My Goodness! Absolutely Devoid of Economics! A child can give you monopoly money in pretend! They are either not intelligent or trying to get votes in a way that takes advantage of the ignorance of voters! Either way, It's not worthy of receiving your vote at all!

  • Tom Thumb
    Tom Thumb 25 days ago

    Hear that? That's the sound of unemployed progressives heads exploding as they say, "Dude! For real?!?" 🤪

  • The Healer
    The Healer 27 days ago

    This is the Democrat Party pandering for votes at the expense of the economy. Then, the Dems will blaim the Republicans for their own actions in destroying the economy. You can't trust politicians. But, you at least have a chance at freedom dealing the Republicans instead of Democrats!

  • Matthew Pope
    Matthew Pope 27 days ago

    Unfortunately, you get the giant billion pound (dollar) corporations that use the minimum wage, to reduce labour costs and satisfy investors. I personally think introducing a minimum wage in the first place was a bad idea. But, unfortunately it's an irreversible idea. Over time, minimum wage has lowered wages. From a business perspective, why pay someone more than what you have to? And if they won't do the work for that price, an immigrant who's just here (UK/US) to make money would do it. There's no solution to this problem. An increase of minimum wage would kill off small business, and increase the prices of EVERYTHING. But you've got people earning peanuts for doing a job worth a lot more 🤔

  • You Are Not Ready
    You Are Not Ready 28 days ago

    The problem isn't minimum wage or the hourly rate from which employers are willing to pay that are keeping the poor people poor but it's the mentality. There is a difference between being poor and being broke.
    Being broke is a situation but being poor is a mentality. This is why if poor people come across a lot of money they splurge and end up poor again shortly down the road because they don't have the mentality to keep and grow the wealth. No amount of money can make a poor person rich. Only through education can one be lifted out of poverty.

    • Pmtd1234
      Pmtd1234 24 days ago

      Exactly! If a person puts in the time and energy to obtain a skill that returns a better wage, then minimum wage is academic. I travel around the US in sales and the biggest complaint my customers have is finding qualified people who are willing to work.

  • Jason Harris
    Jason Harris 28 days ago

    Income tax rate: 10%.
    Wages: $10/hr. x 40 hours = $400
    Taxes $40. Take home: $360.
    Tax income per 1 Million people: $40 Million.

    Wages: $15/hr. x 40 hours = $600
    Taxes: $60. Take home: $540.
    Tax income per 1 Million people: $60 Million.
    The state/IRS will get 50% increase in tax revenue. You will get 40-45% increase even though your wages increased 50%..... They win, overall.

  • max2082
    max2082 28 days ago

    When I was fifteen I was paid the minimum wage of five dollars and twenty-five cents an hour, and this was in 1997. At fifteen working ten to fifteen hours a week that was more then enough money. I just spent or more so wasted it on video games and going to the movies. It is crazy to me that a fifteen year old today will be paid over ten dollars an hour. Most of these kids are still in school and are working so they have some work experience. We are paying people like that entry level shop or restaurant job is the only job they will ever have. I'm sure most people will either be promoted or change jobs or train to have more skill in different business fields. This can't be repeated enough, high wage will cause people to become complacent and reliant on their positions. What if one day the entry level job you depended on for years wasn't there anymore? What if that's the only thing you have skills and experience in? What would you do?

  • Like Minded App
    Like Minded App 29 days ago

    If you want to hear a practical explanation of how to implement minimum wage checkout the congressional candidates take on my channel

  • Thecatnipproject
    Thecatnipproject 29 days ago

    im blessed maine isnt doing that

  • Boss Dog
    Boss Dog 29 days ago

    Wage increases hurt everyone.
    The first thing that happens is inflation rises to meet the new surplus of money in the economy.(demand). The people at the bottom are actually worse off as the new 'set' point for poverty is now higher. Those who are on welfare don't get any raises so they are struggling even more. The whole economy shudders and people are flung out of the job stream to join the others on welfare.
    People NEED stability. Stability gives confidence to everybody and forward planning can be made. When people are likely to lose their jobs everyone has to pull their budget's tighter so LESS money is in circulation therefore causing businesses to contract more, which leads to another round of job shedding until stabilisation is reached again.

    • Pmtd1234
      Pmtd1234 24 days ago

      Don't cloud rhetoric to get votes with a reality check.

  • Nick Newey
    Nick Newey 29 days ago

    All of the points raised in this video are so relevant and I've said most of them myself. Pay should be a mutual agreement between employer and employee. Government interference will cause massive problems!!!

  • Derek Finch
    Derek Finch 29 days ago

    The thing is what's interesting about his causes for raising alright it means the top earners also get a massive price as well more so than the people at the lowering meaning that any Rise they would have had is now taken up by price Rises in the shops the pay the bigger profits other corporations it is not about it is about paying your employer what you can afford to pay him

  • 좋은joan
    좋은joan Month ago

    고맙습니다

  • Hornbeam274
    Hornbeam274 Month ago

    Liberals never think things through...

  • kai89tracid
    kai89tracid Month ago

    Leave to cheaper state

  • J T
    J T Month ago

    Leftist after watching this video: naw bro the workers get paid more and the business eats the cost without passing down to consumers. Employees get paid more but nothing else changes, it’s gonna be a dream

  • Ultron-5
    Ultron-5 Month ago +1

    Why can’t people understand that a $15 minimum wage will only cause businesses to bump up their prices on their products as has already happened in the states and cities where this is implemented. The cost of rent will rise, food prices will rise, and the cost of living in general will rise until it makes absolutely no difference that you’re getting paid $15 instead of $7.25.

  • Zz Zx
    Zz Zx Month ago

    That's why nobody can find a FUKING job in Calif. Or start a business. 15$..?? Just raise it to 25$ WTF .HOW ABOUT 30$..? GOD FUKING DAM

  • Samane
    Samane Month ago +1

    Well tell them to bring the lost of living down.

  • Preston Hanson
    Preston Hanson Month ago

    Wait so businesses pay as much as they can?? Yeah ok then how do the CEOS have billions in their bank accounts. Say that with a strait face shit. We all know they can pay more but dont want to because of greed. If they paid as much as they could they would be as poor as their employees

  • ced
    ced Month ago

    you can see how this dude logic is only working when you are rich and in control of your life when he say : higher salary mean lower hours as it is a bad thing .. the guy don't even realize it , sad ! but to all the peoples who have to choose in between caring for there family or providing for them , lower hours for the same salary is a blessing .Same goes with the ice cream scooping , yea right , still want every body to believe in the virtue of hard work , make sens if you are the one collecting the dividend , but through history , there is no more pervasive and instrumentalized statement that the poor are this way because they are lazy . It's simply not the case , even if it might be that this person started his career as a ice-cream man , you can be absolutely sure he was lucky by many other mean , proper education , meeting the right peoples , not suffering from mental illness. a dude speaking on you-tube is not representative of the mass by any mean .Never be under the illusion that rich peoples are not actively working at keeping them-self rich . What he is talking about is what worked for him ,like if it was possible for everyone to be CEO of a big company. it's not the case , this materiel is deceitful , it work like a pyramidal scheme and you are the victim.

  • Propeller Head
    Propeller Head Month ago

    All the Mc Donald's in Seattle have installed touch screen kiosks and raised there prices across the board. $10 for a big mac and fries... I don't think so.

    • K Kampy
      K Kampy Month ago

      Really? $10 for just a Mac and fries? Wow.....

  • BALJIT147
    BALJIT147 Month ago +1

    There should be no minimum wage.