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WATCH: Caleb Hammer Rips Blue-Haired Socialist ‘Doomsday’: ‘You’re a Virtue Signaling Moron’
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A Debate Meets a SpreadsheetFinancial content creator Caleb Hammer had… |
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A Debate Meets a SpreadsheetFinancial content creator Caleb Hammer had a tense exchange with a socialist activist who goes by “Doomsday” during an episode of his YouTube show, Financial Audit. According to the episode, the 25-year-old South Dakota resident works in corporate finance tied to stadiums, earns about $60,000 a year, lives in a converted ambulance, and carries notable consumer debt. That is a lot of moving parts for a conversation about capitalism, and, as usual, the spreadsheet showed up wearing steel-toed boots.The Minimum Wage QuestionThe argument heated up when the activist said Americans are forced to work multiple jobs just to survive and claimed many people rely on minimum wage. Hammer asked a basic numbers question: what percentage of Americans rely on the federal minimum wage? She first said she did not know, then said she had met people in difficult situations, and later guessed 30 percent. Hammer responded that the share is under 1 percent, then criticized her for making sweeping claims without knowing the numbers. Federal wage data does show that workers paid at or below the federal minimum wage make up a small share of the overall workforce, which is the sort of dry fact that…
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