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Why Europe Needs Higher Wages

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Mario Draghi is on a mission to fix the European economy – or at least his report might. In this video, we take a look at the economic challenges facing Europe, Draghi’s proposed solutions, and his argument for higher wages.

Why Southern Europe is Finally Outperforming Northern Europe: https://www.youtube.com/watch?v=aRFuUZVRiTM

What’s Gone Wrong with Sweden’s Economy?: https://www.youtube.com/watch?v=az-FwNjJhBg

Why Separatists are on the Rise in Spain: https://youtube.com/watch?v=J0Ub_o9uANE

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TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

1 – https://www.wsj.com/articles/inflation-reduction-act-subsidies-cost-goldman-sachs-report-5623cd29
2 – https://www.euronews.com/business/2024/04/22/could-frances-soaring-deficit-and-debt-lead-to-a-rating-downgrade
3 – https://www.visualcapitalist.com/visualizing-the-rise-of-the-u-s-as-top-crude-oil-producer/
4 – https://ec.europa.eu/stories/soteu2023-commitment-to-Europe/
5 – https://www.ft.com/content/f6200dc5-e42b-4356-9951-70ca3a94cd0a
6 – https://geopolitique.eu/en/2024/04/16/radical-change-is-what-is-needed/

00:00 – Introduction
01:08 – Why Europe’s Economy is Struggling
05:19 – Higher Wages
06:40 – Better Intra-European Cooperation
07:22 – More Active State
08:06 – Sponsored Content

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49 Comments

49 Comments

  1. @miklossomogyi2283

    April 26, 2024 at 10:14 am

    I wonder in whose interest it was to drive a wedge between Russia and the rest of Europe…

  2. @SuperSanic..

    April 26, 2024 at 10:14 am

    That's what happens when you are US vassal
    US creates war and refugee crisis which EU doesn't oppose and then EU takes in the refugees while USA takes the oil and minerals

  3. @tmsupreme7763

    April 26, 2024 at 10:14 am

    I think the biggest reason the european economy isn't working is the commen curency tbh. It makes it not posible for poorer countrys to devalue their currency to increase their exports.

  4. @watcher5729

    April 26, 2024 at 10:14 am

    In some nations its like the antichrist arriving .they find every excude to prevent the rise.the rents of commercial teal estate is so high byet having so many closures.
    Unfair wages vs commercial rent

  5. @OnlineEnglish-wl5rp

    April 26, 2024 at 10:14 am

    LOL as if they didn't know that lower wages meant less demand… In the UK, the banking mafia are happy for everyone to get into debt instead

  6. @FlorenceArlo

    April 26, 2024 at 10:14 am

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  7. @Derik-fk2bu

    April 26, 2024 at 10:14 am

    We’re always hearing that income inequality is getting worse. Is that the case? It depends on what time frame you’re looking at. If you’re just looking at the current administration, that’s certainly true. But these kinds of changes occur all the time. If you’re saying over the long run, no, I wouldn’t think so I've seen a lots of positive post about MR SAM DEYMON I find stock.

  8. @DennyBrown-tw4vp

    April 26, 2024 at 10:14 am

    I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable working with deymon, persistent, and have strong hands to back it up.

  9. @method2madness

    April 26, 2024 at 10:14 am

    Get in line, pal

  10. @TheMrMerudin

    April 26, 2024 at 10:14 am

    26 y.o. Italian uni student here. Can't wait to abandon my country as soon as possible and transfer to USA where with a highschool study title you can earn $70k/year, meanwhile here in italy people below 30 ear less than $12k/year. Prices went high even in groceries and gas. Life is completely impossible here. Even our "fReE hEaLcArE" system is HORRIBLE. H O R R I B L E. Full of corrupted long ass burocracy and to cure yourself you have to wait MONTHS. While you go private you can get instant cures, if you pay more than a health insurance in USA.

    I don't vote anymore. I don't watch news in TV anymore. I don't care about our national things anymore. Italy and the whole Europe can fuck off imo.

  11. @judithgrace9850

    April 26, 2024 at 10:14 am

    Prices eill go up higher tjan wages. Greedy and Corrupt.

  12. @ArtemioMendezHernandez

    April 26, 2024 at 10:14 am

    Bro they're calling 7 dollars an hour a good minimum wage

  13. @alperenbaytimur

    April 26, 2024 at 10:14 am

    I would argue that income taxes should be abolished, since we allready pay enough taxes over our products and other things we have, so to also pay so much income tax just criples anyones bankaccount

  14. @LordDoof

    April 26, 2024 at 10:14 am

    Being an American, one of the things I think Europe should consider when it looks at our high wages is a lot of it is being eaten up by extortionate pricing on rent, health insurance, and transportation (gas) instead of higher taxes. I think if you were to take a look at how much money you actually bring home at the end of the day for your own use it may wind up being similar for people working the same jobs in the US and Europe. Wages need to go up everywhere.

  15. @AntonioFerreira-mx1er

    April 26, 2024 at 10:14 am

    That is all rethoric from Draghi. The only and main issue in Brussels is that they just found out that all young europeans (the ones that are of european descent) either left or are on the way of leaving the EU . So there will be no soldiers for wars, no future growth, …there will only be old people and a lot of middle easterns in Europe. The UK is already in that sh*thole and its so pretty to behold that the Royal Family just went into sikness mode

  16. @theundergroundeconomist

    April 26, 2024 at 10:14 am

    Be more productive and cut taxes. That would work.

  17. @johanalejandrocazadordepin7225

    April 26, 2024 at 10:14 am

    European economy isnt falling behund because the low wages rather than wages are low because europeam economy is falling behind. With so much regulation , illegal inmigration and socialist governments (like that of Spain) did you really think your wages are going to go up fast? Look at Argentina and Venezuela, the State can say wages must have this value or that but states create no true value. It is the people who creates value and inside huper regulated states the incentives for people to create value are destroyed

  18. @qwertyqwerty-zi6dr

    April 26, 2024 at 10:14 am

    Very bad choose, look at Italy now😂

  19. @djfernando16

    April 26, 2024 at 10:14 am

    No. European doesn't need higher wages! Higher wages mean higher taxes, higher prices, less jobs and more cutbacks. You end up losing in the end

  20. @asdanjer

    April 26, 2024 at 10:14 am

    Who would have thoght that making the people you are suposed to represent poorer would be a bad idea /s.

  21. @just_lazhar

    April 26, 2024 at 10:14 am

    European governments finally realized that the USA isn’t a Real friend, it only protects its interests and now Europe have to deal with a big trouble that is cutting industrial deals with China
    Which are litterally the spine of Europe’s economy

  22. @oliverstianhugaas7493

    April 26, 2024 at 10:14 am

    Give me the money, you! Give me! The money. 🎉

  23. @bekazandukeli7451

    April 26, 2024 at 10:14 am

    1. Europe is poor because taxes are high and taxation creates economic inefficiency.

    2. Want higher wages? Stop robbing European people through taxation.

    3. Protectionism will make US and China both poorer than they would have been. There is no need for Europe to follow them. Since Europeans are already poor.

    And lastly, read Austrian Economics, especially Mises.

    Do not listen to socialist politicians. Their reforms will always create more economic inefficiencies.

    P.S. This video is extremely incompetently prepared.

  24. @Seelenverheizer

    April 26, 2024 at 10:14 am

    In the end low wages are always bad for everyone involved in the long run. Young people today have basicly no spending power and yeah its not good if companies can sit out investments into the future by just keeping money to themselves. Why should i modernise my computer / erp or machine park if i can just hire Steve. He is cheap as fuck, and why i should change anything if it would reduce my new winnings next fiscal years.

    Also while the current EU government is a shitstain and most of those fucks are not even voted by its people the eu state should become more powerfull. Also It just doesnt do if there comes a new law and the members have multiple years to enact it, hinder it and especially interpret them however they want. There should never have been a fiscal union without political union.

    To me its mind boggling how the only way eu goverment can answer any question the last 30 years is by "throw tax money at it + we need to be even more liberate"

    No wonder all counties are becoming right wing, people cant deal with the corrupt elites bankrupting our future anymore but they dont know what they should do.

  25. @swaggery

    April 26, 2024 at 10:14 am

    Basically make the European Union a country. Raise government R&D and wages to try and boost investment into Europe while trying to be first to the next big innovation.

  26. @martso9288

    April 26, 2024 at 10:14 am

    Money printer go brrrrrrr.

  27. @lakshmineuroscience

    April 26, 2024 at 10:14 am

    Welcome hyperinflation

  28. @camelusdromedarius3789

    April 26, 2024 at 10:14 am

    I can't speak for European nations as I've only ever visited, but from the outside looking in, the US does not at all feel like it's better off. Wages are definitely not higher across the board. That's not until you get into higher tiers of white collar work, be it skilled work or a managerial/executive position, bankers, etc. The weakness or complete lack of effective social programs and public transit means we have a very high cost of living in a lot of the US. Many Americans are one medical emergency away from bankruptcy. On top of that, if you don't have much money and live in a dodgy area, having to worry about getting shot isn't the best.
    From the outside looking in, the quality of life appears to be much better in at least some European countries compared to living in the US. It's why I'm jumping ship to Ireland in the fall to see if I have a better quality of life there than in the US.

  29. @iii-ei5cv

    April 26, 2024 at 10:14 am

    Lmao try working harder

  30. @huguesjouffrai9618

    April 26, 2024 at 10:14 am

    "Europe has been on a neoliberal project to reduce the size of the state in the 21st century"
    *Proceeds to show a graph where government spending has grown faster than GDP in the EU over 25 years"

  31. @huguesjouffrai9618

    April 26, 2024 at 10:14 am

    I think you found a hack to get free likes on your video

  32. @Tyler-ze4tg

    April 26, 2024 at 10:14 am

    Who to say Europe and the US still can’t trade? The recent wave in protectionism is really only towards hostile states

  33. @pritapp788

    April 26, 2024 at 10:14 am

    Too easily ignoring the elephant in the room: the USA and economies that pay high wages are a tiny minority in the world, not the norm. The norm is that of depressed/suppressed wages, not just in Europe.

    And even those "high" wages need to be considered in the face of other factors, such as: what are the living costs in each country? Nominal wages are meaningless, one needs PPP figures. What are the number of hours worked? What is the distribution of salaries, how does the median compare with the mean, is that mean skewed by a handful of high earners? Etc.

  34. @oskars1419

    April 26, 2024 at 10:14 am

    Years of wasting money on consumption instead of investment are now taking revenge on Europe

  35. @oskars1419

    April 26, 2024 at 10:14 am

    when us and china fight. eu should trade with both of them and takings gains 😉

  36. @Napoleon_Blownapart

    April 26, 2024 at 10:14 am

    Why is TLDR so sensitive? I can't even say the word for politicians that get rich illegaly (the c word) without having my comment removed. I guess TLDR isint all that much in for FREEDOM OF SPEECH

  37. @MetallicReg

    April 26, 2024 at 10:14 am

    We need to drop the Dollar as reserve currency and make the Americans to actually WORK for their spending.

  38. @guydreamr

    April 26, 2024 at 10:14 am

    One of the most concise and accurate analyses about the failures of austerity that I've seen to date. Thanks for the video.

  39. @mkb6418

    April 26, 2024 at 10:14 am

    Higher wages by drastically reducing taxes. This would work, both increase domestic demand and reducing the state

  40. @FinSemi

    April 26, 2024 at 10:14 am

    I wish that politics could do this same simple math, you don't need to be Mario Draghi to calculate that cutting everywhere will hurt us all. It would be most important to direct people consumption to local services and products, instead of imported ones. By cutting wages, jobs, and doing savings will only cut local demand, and that will cut more jobs and cause more savings, thus cutting more demand.

    In Finland there is so many cuts going on, that I'm just terrified how much we really have to pay after all of this, and many people has been even on strike against government cuts… and that's why government tries to cut our rights to make political strikes.

    This is just so basic math. Let's think, give more money to important low wage positions, like health care, get more people to work in there (now they say that there is not enough of workers), and try get people not to get very bad shape (when they cost more to get better).
    Also there is people who can't work, because of health issue, if those could get fixed sooner, they would be profitable member of society… Instead of cost.

  41. @oskars1419

    April 26, 2024 at 10:14 am

    we need lower taxes, and less bureaucracy.

  42. @Muradwalis92

    April 26, 2024 at 10:14 am

    Why don’t they just give in let turkey in, turkey has a lot of natural resources. They can supply you and you can make turkey a eu state win win situation. Really this is the only viable option

  43. @nederlandsfatsoenkanaal.4842

    April 26, 2024 at 10:14 am

    NO we need LESS TAXES! for fuck sake!

  44. @amitelbaz698

    April 26, 2024 at 10:14 am

    this is some scaremongering bullshit. protectionism is BAD for the consumer. this is just catering to major manufacturers and keep down europe working citizens. there is also nothing governments can do to increase living wages but to open up markets and encourage entrepreneurship.

  45. @bobbastian760

    April 26, 2024 at 10:14 am

    There is no need, there is only the free market.
    People are paid what they're worth.
    Want more pay? Do higher value work it's quite simple.

  46. @AndersonPEM

    April 26, 2024 at 10:14 am

    Well considering how much I'm spending in rent I cannot disagree

  47. @ianstarkm

    April 26, 2024 at 10:14 am

    Its quite simple really, drop taxes, drop regulations, and just generally get the state out of the way in the economy. This has literally worked for every country every single time.

  48. @maxman4948

    April 26, 2024 at 10:14 am

    can they cut their benefit and work more than 60 hours per week? if yes they worth it else shut up pls.

  49. @chadr4013

    April 26, 2024 at 10:14 am

    Will only cause more inflation. 40% in 4 yrs not enough?

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Sources
Le Pen ruling
https://www.bbc.com/news/articles/cvgdlprp1r3o
https://www.lemonde.fr/en/politics/article/2026/07/08/understanding-the-judges-ruling-in-le-pen-s-appeal-trial-serious-offenses-but-light-sentences_6755270_5.html?srsltid=AfmBOop8MvrmAXXnkbdvH6ZIU7F64rHVChHhihtUTmEHMMGDLfOTFeqH
https://www.ft.com/content/82523acf-a51d-4e6a-bb19-60d0c7899b6d?syn-25a6b1a6=1

Polymarket data
https://polymarket.com/event/next-french-presidential-election

Polling
https://en.wikipedia.org/wiki/Opinion_polling_for_the_2027_French_presidential_election
https://tolunacorporate.com/wp-content/uploads/2026/05/Rapport-Toluna-Barometre-Presidentielle-2027-Vague-2-M6-RTL-Mai-2026.pdf

Comparing Bardella and Le Pen
https://www.politico.eu/article/france-marine-le-pen-jordan-bardella-2027-campaign/
https://www.ft.com/content/82523acf-a51d-4e6a-bb19-60d0c7899b6d?syn-25a6b1a6=1
https://www.nytimes.com/2026/05/29/world/europe/france-presidential-election-le-pen-bardella.html

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