00:03:39.320And so I want to talk with you about five different points that I had been thinking about, that I had been pondering and wondering about and discussing over the past several weeks now, as we hear about this federally mandated minimum wage.
00:03:51.140And I thought it was very important that we talk about this today and maybe you agree with some of what I've had to share.
00:04:32.160Number one that I had written down here is that a federally mandated minimum wage does not account for the varying living expenses within the states.
00:04:40.660And I believe, as our founding fathers believed, that the states ought to have sovereignty, that they ought to have control over the way that they manage their affairs and their taxes and their minimum wages in this case and all of these things.
00:04:55.020So a federally mandated minimum wage does not account for the varying living expenses.
00:05:00.560You know, you look at, and I had written down because I did some research, I wanted to be prepared as I talked with you.
00:05:05.840You look at DC, New York, California, Hawaii.
00:05:09.160These are some of the states with the highest cost of living.
00:05:13.780And you contrast that with states like Arkansas and Mississippi, for example.
00:05:18.640I believe New Mexico was on that list as well.
00:05:20.960These are the states with the lowest cost of living.
00:05:23.360So based on the states that you live in, higher minimum wage or a higher wage, I shouldn't say minimum wage because I'm going to explain why that idea is faulty.
00:05:36.080But a higher wage in New York will make more sense relative to a higher wage in Arkansas or Mississippi or New Mexico, for example.
00:05:45.460So that's a very, very, I don't want to say trivial, but that's a, that's a very simple reason why a federally mandated minimum wage doesn't work.
00:05:56.060I don't want an expanded federal government.
00:05:58.240I want states to be able to take care of and control their own way because what happens here in Maine, for example, is going to be different than what happens in Utah, which is where I used to live.
00:06:10.100So I'm not interested in the federal government with their overreach coming in and telling states how they need to behave and how they need to act and how they need to dictate their minimum wages and other, other things as well, which I'm sure we'll get into over the next year.
00:06:24.980So the problem with a lot of this is that we don't see any nuance.
00:06:44.180There's a lot of nuance in the way that states and individuals live their lives.
00:06:48.900So a federally mandated minimum wage doesn't take that into consideration.
00:06:52.440Number two, and this is very important.
00:06:54.360All of these are important, but this one is very important.
00:06:56.520It disincentivizes voluntary agreement between employee and employer.
00:07:03.340And I wrote another note here along the same lines is that it sets the precedent that government can meddle.
00:07:13.760And that's the right word can meddle in the individual affairs.
00:07:17.840Look, if I decide to work with an organization or a company and they say, Ryan, I'm going to pay you $10 an hour to do this.
00:07:25.940I can decide as a sovereign individual, someone with freedom and liberties and a bill of rights to protect those freedoms and liberties.
00:07:34.060I can decide whether or not I want to engage in that agreement.
00:07:38.060If somebody says, I want to pay you $10 an hour, I can either a say, well, I want $12 an hour and they can come back and they can say, well, we'll pay you 11.
00:07:48.900Well, that's a negotiation between two adults, two voluntary transactions.
00:08:12.720But at the end of the day, and what I've been talking about for the past six years is this idea, this concept of individual and personal responsibility.
00:08:22.460And if you don't like what you're getting paid to become more valuable or, and, or go work with another organization or company.
00:08:28.900That values you more than the organization you were working with before, but the government doesn't need to meddle in that.
00:08:36.000The government doesn't need to rescue you from your own problems.
00:08:42.640It doesn't need to be the superhero that swoops in and saves you.
00:08:49.460I think we're going to talk more about how to solve these problems here in a minute, but at the end of the day, I don't want the government meddling in my affairs because it's been proven time and time again, that when the government gets involved, it's inferior to what an individual or two consenting individuals can do on their own.
00:09:06.260So, uh, it, as I said, number two is it disincentivizes voluntary agreement between employee and employer, right?
00:09:17.020If there's going to be a third party, the government in this case, that's going to come in and mediate all of this.
00:09:21.580Well, it disincentivizes the employee to work hard, the employer to protect his interest, which by the way, reduce the cost of goods and services for individuals.
00:09:33.140We're going to get into that here in a second.
00:09:34.600The government ruins everything it touches, including a voluntary agreement between two consenting adults who can make decisions on their own.
00:09:48.080We don't need the government getting involved.
00:09:51.000Number three, when you set a federally mandated minimum wage, what it does is it disincentivizes growth and progress and expansion and, and career progression and scale.
00:10:04.600Skill development in individuals, right?
00:10:06.600Right. Because think about this, if I'm worth $10 an hour without the government getting involved and the government gets involved and says, no, no, no, no, Ryan, you're not worth $10.
00:10:27.920I don't have to develop new skills and new trades and new information, improve myself and add an enhanced value to the organization I'm working with because you have to pay me $15 an hour.
00:10:40.200You have to, when I was flipping burgers at Burger King for $5 or $5 and 25 cents or whatever it was, that's what I was worth because that's the value I placed on myself.
00:10:52.160And that's the value that an organization was going to place on my time.
00:10:55.420If I didn't like that, guess what I had to do improve.
00:11:06.920I mean, you smell like grease and it was gross and it was disgusting.
00:11:09.300And I remember coming back from Burger King at the end of the night and just smelling like dog shit and just being gross and like this film of grease all over my body.
00:15:48.860But as we set federally mandated minimum wages, we price those young individuals out of work.
00:15:54.480And so 15, 16-year-old kids can't get jobs because the 30-year-old losers who are still flipping burgers at Burger King like they were 10 or 15 years ago are gridlocking those entry-level positions.
00:16:09.360And flipping burgers is an entry-level position.
00:16:12.640You know, there's probably some of you who are flipping burgers right now.
00:16:17.420I don't care if you've been there for six months or you've been there for six years.
00:16:21.500If you're flipping burgers at Burger King, you're at an entry-level position.
00:16:26.320And your job is to get better, is to improve, is to add more value so that in the next 5, 10, 15, 20 years, you aren't still flipping burgers at Burger King.
00:16:39.880That's a young man and young woman's game.
00:16:47.220It's a great place to get into the market, into the job market, create a little income.
00:16:54.300Because look, all I needed at 15, 16 years old was a little money for gas in my vehicle, a few dollars to take some young ladies out on dates as I wanted to do that or take them to the dance or whatever I wanted to do.
00:17:04.840But I didn't need to make a mortgage payment.
00:17:09.320I didn't have $3,000, $4,000, $5,000, $10,000 a month of overhead that I needed to take care of.
00:17:14.720I didn't need to hire other employees.
00:17:19.200Get your ass into the job market and then get better and improve so that you can free up the opportunities for our young men and women to get into the market and learn and grow and expand and get better and improve.
00:17:35.700If I'm an employer and I've got one job, okay?
00:17:40.300I've got one job and I've got somebody who's 30 years old or 35 or 40 years old and has a little life experience, has been experienced, is doing a good job and I can only pay $15 an hour.
00:18:00.080Why would I hire the new kid who doesn't know what he's doing, who's unproven, untested, you know, maybe a little flaky because they're 15, 16, 17 years old.
00:18:09.820No, I'm going to keep the 30 year old around, especially if they're doing a decent job for me.
00:18:16.800And so when we set these federally mandated minimum wages, what we're doing is we're saying, we're just going to keep the older people here and forget about the younger generation.
00:18:24.140I want the younger generation to get to work.
00:18:26.240That's the whole concept of a thriving society.
00:18:30.200Whether we're talking about the year 2021 or the year 1621, having young people adding value to the community, to the tribe, to the society is a valuable thing.
00:18:44.720And at some point, the old timers need to get out of the way.
00:18:49.740You know, the old people need to retire.
00:18:52.940The young people need to have new jobs.
00:18:55.440The old people need to coach and mentor and instruct and guide and lead and educate the younger generation.
00:19:03.620But I'm not going to hire some punk kid off the street.
00:19:06.080If I can either pay that person $15 an hour or pay this other individual who's been around for in my organization for 10 years, $15 an hour, it prices young people out of the market.
00:19:17.360The government doesn't take this stuff into consideration.
00:19:19.740It sounds really good on paper, but in reality, I don't believe that the government really cares all that much about.
00:19:24.860Our younger generation, I don't believe the government frankly cares about you all that much.
00:19:30.940I think the government cares about the government and wants to ensure that the government maintains its power.
00:19:36.400I don't want that. I want individuals to maintain their power.
00:19:40.800All right. Number five. And then I'm going to get to some solutions because I don't want to just complain and yap at you about all the problems, but we need to paint the picture here.
00:19:48.020Number five. This is very important. I saved the best for last year.
00:19:51.780Is that when we create these federally mandated minimum wages, let's say it's $15 an hour.
00:19:56.340What we're doing is we're putting millions and millions of people out of work, right?
00:20:01.140Because let's go back to Burger King or McDonald's.
00:20:04.100If they've been paying you seven or eight or $9 an hour, and they're obligated to pay you $15 an hour, but they don't have $15 an hour to pay you.
00:20:15.840We've already seen, we've already seen this in McDonald's.
00:20:19.160You know, every, every one of you has walked into a McDonald's and looked at the computer screen and it's, you know, you can just order right on the computer.
00:20:27.300Every one of you has been into Walmart and there's, what is there? There's less cashiers, right?
00:21:03.400So what we're doing is we're actually putting millions of people out of work.
00:21:05.820Like by, so let me back up here a second.
00:21:09.620The congressional budget office has gone through in February this month, I believe.
00:21:13.560They put together a report on this, this, this proposal of a $15 federal mandated minimum wage.
00:21:20.000And here's what they said. They said a lot of things. You can go in and read it.
00:21:22.660And I read the entire thing because I wanted to be prepared and I'm going to highlight a few things here.
00:21:26.020But what they said, and here's one of the benefits that they indicated is that they said that 900,000 people would be lifted out of poverty.
00:21:35.180900,000 people in America through a $15 minimum wage would be lifted out of poverty.
00:21:42.720I'm thinking to myself, okay, well, almost a million people will be lifted out of poverty because we decide to pay them more $15 hour as opposed to 12 or 10 or nine or seven or whatever they were getting paid.
00:21:56.620But as we dig into this further, what we see is that in spite of quote unquote, $900,000 being, or excuse me, 900,000 people being lifted out of poverty, we see that by 2025, so over the next four to five years, we see that by the congressional budget office report that 1.4 million people will lose their jobs.
00:22:22.040Now, I don't know how this math works.
00:22:27.660I would actually like to see this math because this sounds very fascinating.
00:22:32.300900,000 people will be lifted out of poverty, but 1.4 million by the report through the congressional budget office, 1.4 million people over the next four to five years will lose their jobs.
00:23:00.480You know, and all the politicians and all the people and, and, and, and everybody that believes in these fantasy lands will point this picture of like a million people almost will be lifted out of poverty.
00:23:10.740And we see politicians playing this game, but if you actually go in and they're hoping you don't go in and look at the report, by the way, which is why I'm sharing this information with you.
00:23:19.320I've gone through the report line by line.
00:24:24.560Guys, our job as men is to be educated and to be informed so that we can make good decisions for the people under our care and for ourselves.
00:24:32.100All right, let's go through this and break this down even further.
00:24:38.180I wanted to be prepared for this podcast.
00:24:39.660It says here, $54 billion deficit from 2021 through 2031.
00:24:45.560So over the next 10 years, we'll actually incur by increasing our federally mandated minimum wage, we'll incur another $54 billion of debt.
00:24:55.940And that does not include the cost of servicing that debt.
00:25:00.460For those of you who may not know what I mean is that $54 billion is not $54 billion.
00:25:06.380It's $54 billion plus the interest that we need to pay on that debt.
00:37:38.100Whether they work for you, whether they're your children, whether they're strangers, it's your responsibility to inspire, believe, and to equip people with what they need.
00:37:48.280I'll be back next week for our interview or Ask Me Anything.
00:37:51.660Of course, I'll have a Friday a few months.
00:37:53.000But until then, go out there, take action, and become the man you are meant to be.
00:37:56.860Thank you for listening to the Order of Man podcast.
00:37:59.780If you're ready to take charge of your life and be more of the man you were meant to be, we invite you to join the order at orderofman.com.
00:38:06.900Thank you for listening to the Order of Man.