Joseph
Joseph

Oh a skillshare by ECONOMICS explained, wonder what's it about *How to speak aussie*

12 мүнөт мурун
Francisco D’Anconia
Francisco D’Anconia

I’ve seen it in the restaurant industry too. One place we go to has cut their protein portions in half and bulked up the plate with more sauce and cheaper sides.

15 мүнөт мурун
Tim Kunk
Tim Kunk

It's called Bitcoin. And yes it is a Ponzi scam!

27 мүнөт мурун
MachoGamzer
MachoGamzer

Can you make a video explaining the reasoning behind dumping 100s of tons of food straight form the farm to dumps? Seems like a counter intuitive thing to do to the people struggling to survive in this pandemic, also the electronics being destroyed by amazon and oil being dumped for no apparent reason except the people producing it getting letters forcing them to do so, threatening them if they don't comply

30 мүнөт мурун
Aaron Michael
Aaron Michael

America is about to become a third world country. This video is dumb. Money is worthless.

59 мүнөт мурун
Glory
Glory

The prices kill the idea of home ownership for the younger generations. So YES it is a problem.

Саат мурун
GREG J
GREG J

it's shithouse what's happening. Developers is Dublin are selling to funds like blackrock as it's done and dusted in one deal. Essential workers then tied to rent slavery for the foreseeable future. Corporate governments are not standing in the way of these funds.

Саат мурун
aj dileo
aj dileo

Taxes are 100% useless and should be done away with. Everything accomplished by paying Taxes can be done better and faster by a free market. Taxes are theft.

Саат мурун
Bogomil Yossifov
Bogomil Yossifov

Stared laughing after he mentioned that a unit of the S&P 500 Index is traded for 400$ and showed SPY (ETF). I was still laughing and the next bombshell conclusion came - the index performed so well in the past year, because companies in the index are considered more valuable than the currency, but their revenue in USD is lower than prior to Covid19, when they were cheaper 🤣. Yes Sir, it certainly has nothing to do with low interest rates and increased savings, combined with lack of worthy mainstream investment opportunities! It's a bubble which only inflation can save!

Саат мурун
The Claw
The Claw

12:37 I can see the place where I’m sitting right now lol haha

Саат мурун
lycao25
lycao25

One glaringly incorrect thing in this video is implying that foreign owners are the cause of the housing prices. Foreign owners only account for about 3% of total property owned in the area. The real issue, as far as ownership is concerned, is rich Canadian nationals owning multiple investment properties which accounts for a little over 40% of the total properties in the GVRD. The other major factor is land scarcity. The GVRD is simply out of places to build. If you look at the area on google maps you may think otherwise, but all the open land is farmland protected by the ALR (Agricultural Land Reserve) which mandates that the land can't be used to for residential uses outside of a single family house. Pair that with increased demand in the form of more people moving here or simply being born here, as well as many area's having height restrictions on buildings making densification impossible, and you have a recipe for runaway housing prices. The fact the references used for this section of the video were 10+ years old is baffling as well. There's no shortage of more recent studies that dismiss the popular notion that foreign buyers caused the housing crisis.

Саат мурун
5kamon
5kamon

I'm done hearing the "entry level" BS.

Саат мурун
Joesph Neuman
Joesph Neuman

Basic right?? A right is something that is inherent to you. You cannot go stand out in the woods in some random spot on the Earth and say house and expect to have it appear is your.

Саат мурун
Jack Moon
Jack Moon

LBJ's Great Society 1964 encouraged single motherhood and breeding for dollars. Compare the 1.5 children of college educated professional parents to single mothers who pumped out 7 children with different men. Should they have the same professional aspiration for their children? Should an uneducated felon with no education expect to earn a living wage? Should a person who borrowed money for college to pursue a non-terminal degree or any degree that doesn't translate into marketability have the same income aspirations as a person with an advanced degree in a STEM discipline? Technology allows educated people in 3rd world nations to compete on a global level today. Does the medical center prefer to have a local radiologist to read the film for $700 or send it to a U.S. educated Filipino radiologist in Manila for $200? Would you prefer paying $50 for a Chinese made appliance or $150 for the one made in the US (if they still made it)? Sweatshop manufactured clothing from Bangladesh or good old U.S. made article of clothing that cost 5 times as much? If you buy these manufactured goods you contribute to the problem. That makes us all part of the problem. If people think socialism is a solution, do some reading.

Саат мурун
Ryan Mckenna
Ryan Mckenna

Robust yet temperamental is a contradiction

Саат мурун
Harry Badjas
Harry Badjas

Love the content, but I think I'll start watching them much less. I just can't take the random storyblocks clips anymore.

2 саат мурун
Just Chill
Just Chill

U.S. unemployment rate also dramatically increased in April of 2020 when people realized they could get paid more money to sit at home than they would to go to work. So a lot of people quit their job to ride the unemployment train. It's pretty obvious that's the case considering there are still thousands of open jobs and no one applying.

2 саат мурун
gilgamesh310
gilgamesh310

Where does Warren Buffett fall on the spectrum? Berkshire Hathaway delivers very big profits. I don’t know if all of this cash goes to acquiring other companies or how much he takes for himself, though. Considering he’s a genius investor, I’m guessing he’s among the upper middle class.

2 саат мурун
Steve Thorne
Steve Thorne

We have all noticed shrinkflation!

2 саат мурун
Marqan
Marqan

The people who will inherit that money will be close to retirement as well, it will not go to a younger generation. It will be a 50+ yos mostly. I mean sure, the generation itself will be younger in the sense that they were born later, but the money will be in the pockets of roughly the same age group.

3 саат мурун
Christopher MacQueen
Christopher MacQueen

This is why I'm moving there. Beautiful happy country with a low population and a great work life balance. It's just a matter of learning the language and convincing the government I'm good enough😂

3 саат мурун
tommy g
tommy g

the idea of an automated economy is just communist propaganda to justify larger welfare and government income programs. your not looking the the inverse that companies pay good employees to stay they dont want to lose work horses to competitors and may start with a low pay it increases fast based on merit. companies do not want to go to automation but are being forced to thru unfair labor practices like unionization and inflation which increases base pay for even average workers making cost rise further to the point that automation becomes economically feasible. automation isn't taking over the government is forcing automation by pricing basic work above the level that denies the cost effectiveness of automation threw inflation and artificial wage bottoms that are used to hide the rampant inflation and manipulation of interest rates that's destroying the economy .

3 саат мурун
Gusssugs
Gusssugs

What a load of…………

3 саат мурун
Sid The sloth
Sid The sloth

You mean you just can’t print cash ?? Who knew ?? Lol

3 саат мурун
eben laflere
eben laflere

chaos is a ladder?

3 саат мурун
Bearded Tank Gaming
Bearded Tank Gaming

Don't take them out if you don't want to pay them back. On the flip side the government needs to stop writing them if they plan to forgive them.

3 саат мурун
Ballah 666
Ballah 666

That's why Turkey wd love to realize their dream of Turan, where Turkey wants to have the leadership... But the most former Soviet republics don't like this idea...

4 саат мурун
Ray Anderson
Ray Anderson

Too much talk no explanation

4 саат мурун
Fire Panda Party Penguin
Fire Panda Party Penguin

It's simply a flaw of our implementation of capitalism

5 саат мурун
Neel Javia
Neel Javia

2:45 Which city is this?

5 саат мурун
Stan Yu
Stan Yu

Reminds me of a wise friend’s observation that “modern capitalism depends on convincing people to want & buy things that they don’t really need”. Sigh. What’s the endgame of a debt-fueled demand economy? Is there a modern country or culture whose economy sustainably pursues “enough” rather than “more”?

5 саат мурун
CapitalTeeth
CapitalTeeth

They're mad they can't have cheap labor that they can fire and replace by the week's end anymore.

5 саат мурун
Delta Sly
Delta Sly

Works Monday through friday, and they offer educational discounts, and im like how do i find the time alongside working to pay for stuff at a minimum wage.

5 саат мурун
Werner Viehhauser
Werner Viehhauser

Hmmm... how do merchant fees compare to the service fees that banks and cash service companies charge for delivering and handling cash?

5 саат мурун
Gary McSullea
Gary McSullea

While it is true that the Australian government has registered with the US Securities and Exchange Commission (SEC), this is a routine process for the purposing of selling bonds and other financial instruments unrelated to the formation of a corporation - privately owned or otherwise. The SEC is tasked with protecting investors and overseeing US financial markets. As part of that brief, it requires most parties selling securities - essentially any tradable financial products - to provide certain information to potential buyers. It says that this allows investors to make informed purchases of securities, as set out under the Securities Act of 1933.

6 саат мурун
tommy g
tommy g

today i learn you can extort auctioneers for money. tight.

6 саат мурун
lajya01
lajya01

Labor shortage was already a problem before the pandemics. It's unavoidable just because of the boomers retiring. I think employers will have to give raises for a while to stay in operation but a more costly labor will mean automation will suddenly become a much more profitable option and less annoying than having to deal with high leverage employees.

6 саат мурун
Jason Lou
Jason Lou

I agree. In some cases, California went too liberal. It's not friendly to business and conservative.

6 саат мурун
Bobbie Lee
Bobbie Lee

So... Our proletarian no-legroom coach seats were partly paid for by the rich guys in business class? Talk about trickle-down

6 саат мурун
TheDarkKnight
TheDarkKnight

Wage slavery

6 саат мурун
chris lucas
chris lucas

We may also end up with a hyper Capital gains Tax

6 саат мурун
J L
J L

The USSR was communist, NOT socialist. Capitalism: means of production controlled privately. Socialism: means of production controlled by THE WORKERS. Communism: means of production controlled by the STATE. You can't even get basic economics concepts correct??? 🤣 What a joke - hopefully your poor viewers aren't too intellectually damaged by your drivel.

6 саат мурун
BewareTheCarpenter
BewareTheCarpenter

South Korea's transformation was still more impressive. China still has massive poverty the government hides and their economy is a bubble. South Korea also had to maintain large ongoing military costs.

7 саат мурун
Michael Enright
Michael Enright

Once again EE gets most things wrong shifting the blame. Greek politicians got approval for massive loans for the Olympics. Then they carried on borrowing illegally borrowing beyond their means with the aid of corrupt officials from Goldman Sachs and the likes of standard and poor's the international auditors who say how each countries economies are performing.they both lied about Greeces ability to service debt.They and the big banks owned and dined Greek politician on these shipping magnates super hatches the loans were way beyond Greeces ability to pay. When the GFC exposed this all the corrupt bankers and auditors ran for cover the head of goldman sachs was appointed the EU finance minister and all the corruption was swept under the carpet and the goldman sachs whistle blower was sacked. The German Banks the main lenders took a massive loss but claimed nearly 60% of the debt. The Greeks being a very small economy had to wear the austerity/ Pain. This guy is full of it. Economics Explained has just published the cover up story.

7 саат мурун
Jordan McCallum
Jordan McCallum

It makes sense that the wealth cap for MLM's is so low, given the whole concept revolves around not producing anything of value; the only value they can extract from those at the bottom is what little they have accumulated outside the MLM.

7 саат мурун
Pranu Pranav
Pranu Pranav

Japan didnt see any growth....But in reality it is grown.No need to grow again.

7 саат мурун
Nels Blair
Nels Blair

Calling housing a basic human right is a misunderstanding of rights, property, and economy. I expected better.

7 саат мурун
JoeJoeTater
JoeJoeTater

I never thought I'd see such a based video on this channel.

7 саат мурун
tommy g
tommy g

consumers ability to consumer is restricted because of inflation. while one year to the next this is a very tiny amount over years this become a problem. we could still live in an era where a house cost 30k or a bottle of soda cost a dime even with modest inflation because of the increase of productivity which hides actual inflation. the government has intervened in the economy several time over then when those interventions lead to ruin they inflate and reduce interest rate which lead to a boom and bust because of the excesses of available capital which then has lead into a cycle of government bailout which restarts the cycle. consumers are being squeezed into poverty by modern monetary policy.

7 саат мурун
Beach Beach
Beach Beach

where can i get that wallet that appears at 2:20 ???? I want it !!

8 саат мурун
Nwabueze Ozuzu
Nwabueze Ozuzu

Indofoods in Nigeria is doing this with Indomie noodles

8 саат мурун
WarCommissar1
WarCommissar1

neo-liberal moment

8 саат мурун
WarCommissar1
WarCommissar1

what methodology are you using to ascertain that most australians are home owners? home ownership sits at around 30-40% of the adult population

8 саат мурун
Oli Murray
Oli Murray

North and South Korea are the perfect examples of what living in capitalism vs communism will bring you.

8 саат мурун
Comfy Wombat
Comfy Wombat

No mention of AirBnB taking up a large chunk of the market, and Companies like Blackrock distorting the market by buying up houses at +50% market price.

9 саат мурун
Dazlaa
Dazlaa

Yeah nah come live here and you will see the truth

9 саат мурун
Mr. Smith
Mr. Smith

People are tired of getting treated poorly by employers and customers. Overworked. Underpaid. No matter the business type. Stop trying to do more with less at the expense of people you supposedly value by stressing and burning them out. I've been working at a high intensity practically everyday for 3+ years, and at this point I'm just feeling toxic.

9 саат мурун
Rakeem Keem
Rakeem Keem

So basically capitalistic competition is what will bring poorer countries to more success

9 саат мурун
Penis Parker
Penis Parker

That msy be true but there are downsides to a non subsidised agriculture industry. Paying $4 for a cucumber is not fun

9 саат мурун
Pop Fizzy
Pop Fizzy

That’s why I always shop using the price per ounce.

9 саат мурун
Ishaan Nag
Ishaan Nag

Just a question.. Why are * some * Dutch people still proud of colonialism, unlike the British?

9 саат мурун
Patrick Anderson
Patrick Anderson

I watched this with an open eye but it still turned out to be bollocks.! Finally the corporations of the world have found out that they cant dictate to the workers. I see loads of place around where I live looking for workers. My laundromat is offer $16 an hour. I went and did several years of Uni to qualify as an Architect. I don't begrudge these people anything. I only get get paid $30/hr.

9 саат мурун
EQRuges
EQRuges

A one world currency is a biblical end days thing?

10 саат мурун
Aswin kuruvath
Aswin kuruvath

Although I love Jawaharlal Nehru I think he knew no economics . Was the biggest fan of the Soviet Union and trusted the Chinese who betrayed him later.

10 саат мурун
arjun mohan
arjun mohan

Yep, he was naive when China was concerned. Shame

9 саат мурун
Dutch Resistance
Dutch Resistance

As an economist you should note the bifurcation of home prices and income occurred at the exact same time period as the dollar was detached from the gold standard.

10 саат мурун
EQRuges
EQRuges

Those bottom income people that you say dont mater. They are the ones who make and distribute those products.

10 саат мурун
Kevin
Kevin

The next time you pay the neighbors kid to shovel your walkway, make sure he gets paid a living wage. Lol. Fast food is an odd-job meant for kids and people who got fired for screwing up their other job. Or maybe your wife found your credit card and your payments went up so you need the extra dough. And I work in fast food, I just slaved my way through the ranks when I was young and decided it paid enough to stick with. Why should every idiot who passes an interview process be given the same as someone who's spent over half their life working for their position?

11 саат мурун
Idk ___
Idk ___

Wth, I’m legit struggling to find a job

11 саат мурун
29-Arnav Samant
29-Arnav Samant

Though we are more economically free-er, there's still a long way to go.

11 саат мурун
Ethan S
Ethan S

Love em or hate em Amazon is one of the smartest and most successful businesses of the modern world

11 саат мурун
Emmanuel Sanders
Emmanuel Sanders

good concept, but why is the videos 9:16 ? downvote

12 саат мурун
Yosef Ben Yisrael
Yosef Ben Yisrael

What would be your initial thoughts on hundreds of thousands of African Americans leaving America at once; Mass Exodus style, back to Africa due to seeing no signs of our circumstances changing in America? And would you go?

12 саат мурун
Pfffffft
Pfffffft

Fun fact-Australia has more sheep and more sheep per head of population than Australia.

13 саат мурун
Kyle McCormack
Kyle McCormack

"Harsh climate of Canada" Shows arctic snow Me: laughs in constant Vancouver rain.

13 саат мурун
Humberto Azzalin
Humberto Azzalin

Horrible inflation comming

13 саат мурун
Mike G
Mike G

Horrible, stupid decisions, what a shock that it didn't go well.

13 саат мурун