Become a monthly contributor http://yaronbrookshow.com/support This video was created by Christian Jackson. Taken from YBS: "Wage Slavery" Streamed live on Jun 15, 2021 You can see the full video here https://bit.ly/35BSq75
#WageSlave #Leftists #Socialism
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Transcript: His worker is not staying poor. His worker is rising in his wages over time as he becomes more productive. If you look at the life cycle of workers ... yes, they start with very weak wages but their wages increase as they become more productive ... as they switch jobs, as they become more senior, as they develop more skills. If you're a decent worker, you Don't Stay Poor. Part of the problem with poverty numbers is that they're weighted by the fact that when you're young, almost everybody is poor. Because you don't know anything and you don't have any skills. Now, the employer is not sharing his profit with the workers. But Why should he. The profits are Compensation for the employer, for the capital he has put up, for the risk he has taken, for the time he puts in to sustain the business --- it is His form of compensation. The workers' compensation is wages, and wages are received Before the owner receives his profit. What about years when there's no profit? What about years where the profit is negative and there's a loss, and the employer actually has to dig into savings? Sometimes workers lose their job, but sometimes they don't. And rarely do their wages get cut. Profit is the Return On Investment. It's compensation for the investment, and compensation for the time value of money. The fact that the investor doesn't have the money and is giving it to You, the worker and all the different workers from the CEO on down. It's compensation for the risk he has taken, and it's compensation for his ability to choose You over somebody else. It's his opportunity. So, why should the employer share the profits with the worker? Is he gonna share the losses as well? ... The reason a CEO gets compensated for a profit, the reason his salary is often linked to the company's profits, is because He more than anyone else in the company responsible for those profits. He, if he makes the right calls, will cause the company to make money; if he makes the wrong calls, he will cause the company to lose money. So it's really, really important that he make the right calls. It's his ability that will determine the fate of the company. If a worker screws up here or there, it's not gonna change that much in terms of the profitability of the company. But if the CEO screws up here or there, it's gonna make a Huge difference. So he gets compensated from profits because of the impact he has on profits. Since any given worker has very little effect on profits, he gets very little compensation from profits. Now, there are companies today that Do pay their workers from profits. They give them bonuses, stocks, sometimes stock options. The barista at Starbucks might get a bonus at the end of the year, but he does not have a big effect on profits. So why should he make profits?
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• Problem w/Islam; ...
#massexodus #publicschools #woke
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Yaron takes on YouTube's #1 influencer, Mr. Beast, showing how his win-win approach is the reason why the true altruists hate him
FULL SHOW
• Altruism & Mr Bea...
00:00 Mr Beast
04:09 Curing the Blind
05:53 Responses
11:50 Altruism, see http://aynrandlexicon.com/lexicon/alt...
14:57 Altruism is not what most people think it is
15:39 What he did was not altruism
19:53 It offends the true altruists
27:28 Wrong view of Libertarians
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📢 Mark Your Calendars! 📢
Join us on The Yaron Brook Show for a thought-provoking conversation with Gregory Salmieri, a leading scholar in philosophy and a deep thinker on reason, freedom, and the good life. Salmieri is a Senior Scholar of Philosophy at the Salem Center for Policy at the McCombs School of Business, where he holds the Brigham Fellowship for the Study of Objectivism and directs the Program for Objectivity in Thought, Action, and Enterprise.
His expertise spans epistemology, ethics, and political philosophy, with a special focus on Aristotle and Ayn Rand. As the co-editor of A Companion to Ayn Rand and Foundations of a Free Society, Salmieri has played a pivotal role in advancing the study of Rand’s philosophy and its implications for a free and flourishing society.
With experience teaching at institutions like UNC Chapel Hill, Rutgers, and Boston University, and a Ph.D. from the University of Pittsburgh, Salmieri brings a rich academic background to the...
📢 Mark Your Calendars! 📢
Don’t Miss Mohammad Ali on The Yaron Brook Show – March 3 at 7 PM ET!
Join us for an illuminating conversation with Mohamed Ali, a graduate student in philosophy at Washington University in St. Louis, whose work explores the power of ideas in shaping history. With a deep interest in understanding historical causes and the philosophical currents that drive human progress, Mohamed brings a fresh and thoughtful perspective to the study of history’s most pivotal moments.
In this guest interview episode, Mohamed and Yaron Brook will delve into the history behind America’s founding, examining the role of philosophy in shaping the nation’s principles. What were the key intellectual forces that led to the birth of the United States? How did Enlightenment ideas influence the Founders? And what lessons can we draw today from the philosophical foundations of liberty and individual rights?
This is a conversation you won’t want to miss! Tune in LIVE on ...
Join us on February 24 at 7 PM ET for a thought-provoking conversation with Dr. Ben Bayer, a philosopher, writer, and passionate defender of reason and individualism. As a Fellow and Instructor at the Ayn Rand Institute, Dr. Bayer plays a key role in shaping intellectual discourse, teaching at Ayn Rand University, lecturing worldwide, and contributing as an Associate Editor of New Ideal, ARI’s online journal.
With a Ph.D. in philosophy and over a decade of experience as a professor, Dr. Bayer’s expertise spans epistemology, metaphysics, and free will vs. determinism—themes at the heart of today’s cultural and political battles. His scholarly work has been published in prestigious journals such as American Philosophical Quarterly, Synthese, and Philosophia, and he has contributed to books analyzing Ayn Rand’s philosophy.
Beyond academia, Dr. Bayer has been a force for intellectual activism, co-founding The Undercurrent, editing Check Your Premises, and tirelessly ...
Get ready for Yaron Brook's fall speaking tour, starting in Nashville and Denver!
- 12:10 - 1:10 PM CST — The Evils of Unlimited Democracy, hosted by the Vanderbilt Federalist Society. RSVP required, limited space, students have priority. Reserve your seat: https://www.eventbrite.com/e/the-evils-of-unlimited-democracy-with-yaron-brook-tickets-1054042372109?aff=oddtdtcreator
- 6 - 8pm CST — Bastiat Society presents "Democracy, the Rule of the Mob" with Yaron Brook RSVP required on or before November 5! Tickets/RSVP: https://www.eventbrite.com/e/nashville-democracy-the-rule-of-the-mob-with-yaron-brook-tickets-1041320978077?aff=oddtdtcreator
- 5:30 - 8:30 PM MT — Beyond the Ballot with Dr Yaron Brook, Dr Tom Krannawitter & Michael Williams, Seating is limited. Secure Your Spot Now! https://www.eventbrite.com/e/beyond-the-ballot-an-evening-with-yaron-brook-tom-krannawitter-tickets-1013931535517?aff=oddtdtcreator
- 10:30 - 12 PM — Checking Your Premises, What is Capitalism? This private talk is part of the Leadership of the Rockies series. Learn more: https://www.leadershipprogram.org
